NEXTDC LIMITED (NXT)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

NXT

NXT - NEXTDC LIMITED

FNArena Sector : Cloud services
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 7.42
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS | ALL-TECH

NextDC owns and operates independent data centres in Australia. It provides connectivity services and data centre management along with cloud services. It was founded and listed in 2010.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$14.56

14 Aug
2025

0.030

OPEN

$14.65

0.21%

HIGH

$14.78

1,715,273

LOW

$14.31

TARGET
$19.592 34.6% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
3DP . AIM . DGT . DUB . DUG . DXN . ERD . FCL . FCT . IFT . MAQ . MP1 . RCL . SDR . TNE . WTC . XPN .
FNARENA'S MARKET CONSENSUS FORECASTS
NXT: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 8.3 - 8.8 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-8.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx404.3 M
Book Value Per Share xxxxxxxxxxxxxxx593.2
Net Operating Cash Flow xxxxxxxxxxxxxxx129.4 M
Net Profit Margin xxxxxxxxxxxxxxx-10.92 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-1.51 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.01 %
Return on Assets xxxxxxxxxxxxxxx-0.97 %
Return on Equity xxxxxxxxxxxxxxx-1.51 %
Return on Total Capital xxxxxxxxxxxxxxx0.65 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-789.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxxxxx1,448 M
Total Debt xxxxxxxxxxxxxxx1,455 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,236 M
Price To Book Value xxxxxxxxxxxxxxx2.97

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx938.5 M
Capex % of Sales xxxxxxxxxxxxxxx232.10 %
Cost of Goods Sold xxxxxxxxxxxxxxx343 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx32 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx23 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

19/06/2025

1

Buy

$18.80

29.12%

Morgans highlights NextDC's signing of its first international cornerstone customer, a hyperscaler committing to 10MW at the upcoming KL1 data centre in Malaysia, which is due to commence operations in early 2026.

The broker sees the contract as strategically important, serving as an initial validation point for the company’s offshore expansion and acting as a likely catalyst for enterprise demand.

An additional 6MW of contracts in Australia brings total contracted capacity to 244MW, suggesting to the analyst stronger-than-expected domestic sales momentum in the second half of 2025.

Morgans lifts its FY27 earnings (EBITDA) forecast by 4% to $292m and raises FY26 capex by 30% to -$2bn to reflect accelerated build-outs in Kuala Lumpur and Melbourne.

The broker retains its Buy rating and $18 target price.

FORECAST
Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -10.00 cents.
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -20.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Wilsons

12/06/2025

1

Overweight

$17.69

21.50%

NextDC has secured a 16MW contract win with a hyperscale customer, increasing total contracted utilisation by 7% to 244MW and marking its first major offshore deal, highlights Wilsons.

The broker expects most of the associated revenue to begin in 2027, with full ramp-up by 2028, while the forward order book has reached a record 135MW.

The analysts' forecast earnings (EBITDA) for 2026 are trimmed by -3% to $235m due to increased corporate costs linked to elevated capex, while 2027 forecasts rise 3% to $294m.

Wilsons sees strong medium-term growth supported by robust customer demand, high recurring revenue, and global expansion potential.

The broker also flags capital intensity as a risk, with forecast capex reaching around -$2bn in 2026 and net debt to earnings rising to 7.8x times.

Wilsons raises its target price to $17.69 from $17.19 and retains an Overweight rating.

FORECAST
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -16.20 cents.
Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -24.20 cents.
Access Extra Coverage Research History >

NXT STOCK CHART

FNArena News on NXT

1
Rudi’s View: BlueScope Steel, IGO, GrainCorp, Pilbara Minerals, Santos & More

Aug 14 2025 - Rudi's View
2
Rudi Interviewed: Is August Too Early?

Aug 13 2025 - Rudi's View
3
Australian Broker Call *Extra* Edition – Aug 12, 2025

Aug 12 2025 - Daily Market Reports
4
Rudi’s View: AI Updates, Hot Favourites & First August Results

Aug 07 2025 - Rudi's View
5
Rudi’s View: Bega Cheese, Cettire, Harvey Norman, Sigma, SiteMinder & More

Jul 24 2025 - Rudi's View

Latest Cloud services News

1
Australia’s Digital Infrastructure Opportunity

Jun 23 2025 - Australia
2
FNArena Visits NextDC’s S3 Data Centre

Jun 19 2025 - Feature Stories
3
Rudi’s View: Macquarie Technology (Stock In Focus)

Jun 18 2025 - Rudi's View
4
WiseTech’s Big Bold Bet On E2open

May 29 2025 - Australia
5
Rudi’s View: How Do We Value The Future?

May 28 2025 - Rudi's View
6
AI Investments Fuel Australia’s Data Centre Future

May 22 2025 - Feature Stories
7
DUG Technology’s Multiple Growth Levers

May 09 2025 - Small Caps
8
Positive Trend Reversal For NextDC

Apr 29 2025 - Technicals
9
Megaport’s Quest Of Data Centre Agnostic Growth

Apr 03 2025 - Small Caps
10
WiseTech Global, Re-Building Its Reputation

Apr 02 2025 - Australia