NEXTDC LIMITED (NXT)
Share Price Analysis and Chart

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NXT - NEXTDC LIMITED

FNArena Sector : Cloud services
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 7.68
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

$16.84

22 Jul
2024

-0.260

OPEN

$16.95

-1.52%

HIGH

$17.00

1,410,817

LOW

$16.82

TARGET
$20.142 19.6% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
3DP . AIM . BTH . DSE . DUB . DUG . ERD . FCL . FCT . GDC . LVT . MAQ . MP1 . RCL . SDR . SOV . TNE . WTC . XPN .
FNARENA'S MARKET CONSENSUS FORECASTS
NXT: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 5.5 - 9.1 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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-5.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx362.4 M
Book Value Per Share xxxxxxxxxxxxxxx436.7
Net Operating Cash Flow xxxxxxxxxxxxxxx126.8 M
Net Profit Margin xxxxxxxxxxxxxxx-7.08 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-1.29 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.78 %
Return on Assets xxxxxxxxxxxxxxx-0.75 %
Return on Equity xxxxxxxxxxxxxxx-1.29 %
Return on Total Capital xxxxxxxxxxxxxxx1.53 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-556.9 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxxxxx1,435 M
Total Debt xxxxxxxxxxxxxxx1,442 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx766 M
Price To Book Value xxxxxxxxxxxxxxx2.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx706.0 M
Capex % of Sales xxxxxxxxxxxxxxx194.83 %
Cost of Goods Sold xxxxxxxxxxxxxxx286 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx26 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx31 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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

21/06/2024

1

Buy

$19.75

17.28%

While Citi remains confident on the medium-term outlook for NextDC, and continues to expect strong bookings in the near-term, one negative for FY25 earnings are rising corporate costs.

These costs include land holding costs and a switch to opex from capex as NextDC moves to cloud-based tools from internally developed systems, explains the analyst.

Management repeated prior comments about seeing larger contract sizes, with both Sydney and Melbourne continuing to drive
demand, but Citi notes contract wins are inherently lumpy and contract signing is taking longer-than-expected.

Target $19.75. Buy.

FORECAST
Citi forecasts a full year FY24 dividend of 0.00 cents.
Citi forecasts a full year FY25 dividend of 0.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

16/04/2024

1

Buy

$14.65

-13.00%

Canaccord Genuity increases its target for NextDC to $18.50 from $14.65 following the $1.3bn non-renounceable entitlement offer to accelerate the rollout of the data centres portfolio. The Buy rating is maintained.

FY24 guidance remained unchanged from the half year results released in February.

The analysts feel it is appropriate to base a valuation around the company's order book, which has nearly 70MW of incremental capacity to come on stream over the next five years.

Management noted hyperscale customer contracts generate high-single-digit/low-double-digit percentage returns while enterprise customers are in the high teens/low 20% range.

FORECAST
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -5.40 cents.
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.70 cents.

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

NXT STOCK CHART

FNArena News on NXT

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