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: 7.42
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

$17.23

13 Sep
2024

0.200

OPEN

$17.13

1.17%

HIGH

$17.40

2,324,376

LOW

$17.05

TARGET
$19.975 15.9% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
3DP . AIM . BTH . DSE . DUB . DUG . ERD . FCL . FCT . GDC . MAQ . MP1 . RCL . SDR . SOV . TNE . WTC . XPN .
FNARENA'S MARKET CONSENSUS FORECASTS
NXT: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 8.3 - 9.5 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 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

0.9

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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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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UBS

11/09/2024

1

Buy

$19.40

12.59%

To fund NextDC's Asian expansion strategy, explains UBS, management has launched a fully underwritten placement and a non-underwritten share purchase plan for $550m and up to $200m, respectively.

The expansion includes ongoing site evaluation and negotiation in Bangkok, Thailand (BK1) and Johor, Malaysia (JB1), on top of the planning phase in Tokyo (TK1) and current construction in Kaula Lumpur (KL1), observes the broker.

Also, FY25 capex guidance has been increased by $400m to $1,300-1,500m in relation to the site acquisition in Sydney (S7).

The broker's Buy rating and $19.40 target are unchanged.

FORECAST
UBS forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -10.00 cents.
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -15.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

13/09/2024

1

Buy

$18.85

9.40%

Canaccord Genuity emphasises NextDC has "tapped" the equity market for the second time in less than six months for a $750m new issue, bringing total new equity raised to above $2bn in 2024 with a $1.5bn un-drawn debt facility.

The issue was priced at $17.15 post the inclusion of the stock in NAREIT Real Estate Index the previous week where the shares rose 8% on Sept 5.

Management reiterated FY25 EBITDA guidance but the prospective acquisition of a site for S7 elevates capex for FY25 up by $400m to $1.3bn-$1.5bn.

Buy rating and $18.85 target price.

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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NXT STOCK CHART

FNArena News on NXT

1
Next Week At A Glance – 16-20 Sep 2024

Sep 13 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Sep 13, 2024

Sep 13 2024 - Daily Market Reports
3
Rudi’s View: Key Picks, Best Buys & Conviction Calls

Sep 12 2024 - Rudi's View
4
Gen.Ai Update: Bubble-licious Or Not?

Sep 11 2024 - International
5
Rudi’s View: Asking The Important Questions

Sep 11 2024 - Rudi's View

Latest Cloud services News

1
NextDC: Building A Generative AI Future 

Sep 09 2024 - Australia
2
In Brief: More US Millionaires & More From ECB

Jul 19 2024 - Weekly Reports
3
Part Three: Generative AI, Investing in the 21st Century Megatrend

May 14 2024 - Feature Stories
4
Solid Support For WiseTech Global Shares

Apr 30 2024 - Technicals
5
NextDC And The AI Boom

Mar 06 2024 - Australia
6
Resistance No More For NextDC

Feb 20 2024 - Technicals
7
NextDC Invests For Megatrend Megademand

Sep 06 2023 - Australia
8
Research To Download: Pharma & Biotech, Pointerra, Rent.com.au, & More

Aug 09 2023 - FYI
9
Prospects Brighten Further For NextDC 

Apr 17 2023 - Australia
10
Adveritas, The Next Foreign Target?

Jan 19 2023 - Small Caps