NEXTDC LIMITED (NXT)
Share Price Analysis and Chart

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NXT

NXT - NEXTDC LIMITED

FNArena Sector : Cloud services
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 5.9
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

$16.92

30 Sep
2025

-0.170

OPEN

$17.04

-0.99%

HIGH

$17.11

2,046,491

LOW

$16.85

TARGET
$19.867

-0.23 change from previous day

 17.4% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 9.6 - 18.7 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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-9.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx427.2 M
Book Value Per Share xxxxxxxxxxxxxxx647.3
Net Operating Cash Flow xxxxxxxxxxxxxxx212.9 M
Net Profit Margin xxxxxxxxxxxxxxx-14.17 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-1.57 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.17 %
Return on Assets xxxxxxxxxxxxxxx-1.11 %
Return on Equity xxxxxxxxxxxxxxx-1.57 %
Return on Total Capital xxxxxxxxxxxxxxx-0.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-1,356.2 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx8 M
Long Term Debt xxxxxxxxxxxxxxx1,199 M
Total Debt xxxxxxxxxxxxxxx1,206 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx244 M
Price To Book Value xxxxxxxxxxxxxxx2.24

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,595.8 M
Capex % of Sales xxxxxxxxxxxxxxx373.54 %
Cost of Goods Sold xxxxxxxxxxxxxxx393 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx38 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.9

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

01/09/2025

2

Downgrade to Accumulate from Buy

$19.00

12.29%

NextDC’s FY25 result was in line with Morgans' expectations as was FY26 guidance, but FY27 guidance is higher. The ramp-up profile of contracted mega-watts is faster than anticipated.

The pipeline is larger than ever, and setting up a partnership in Japan and JVs for S4/S7 will lower NextDC’s equity requirements, Morgans notes. While none of these items are totally new, collectively they represent to the broker good reasons for the share price to rally strongly.

Target rises to $19.00 from $18.80, downgrade to Accumulate from Buy (no specific reason provided by the broker)..

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -19.00 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -26.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

04/09/2025

1

Buy

$21.70

28.25%

Canaccord Genuity comments the highlight of NextDC's FY25 result was confirmation of billing conversion timing, the prospect of material new contracts, and visible funding solutions for mega-projects (S4/S7).

FY26 net revenue guidance met Canaccord Genuity's forecast and EBITDA was in line but 4% ahead of the consensus. The company exited FY25 at 111MW billing, and this is expected to double in two years as the forward book converts to revenue generation.

The JV model for S4/S7 project is gaining traction, and management indicated potential for high-teens equity return due to a capital-light structure and leverage at the JV level. Financial close is targeted within 12–18 months.

The broker lifted FY27 EBITDA forecast by 16%, representing 48% y/y rise, and FY28 is forecast to grow 20%.

Buy. Target unchanged at $21.70.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -10.80 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -10.70 cents.
Access Extra Coverage Research History >

NXT STOCK CHART

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