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

$13.90

13 Jun
2025

-0.200

OPEN

$14.13

-1.42%

HIGH

$14.17

1,929,844

LOW

$13.77

TARGET
$19.567 40.8% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
3DP . AIM . DGT . DUB . DUG . ERD . FCL . FCT . GDC . 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 - 7.7 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 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

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

Morgans

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

Citi

28/05/2025

1

Buy

$18.70

34.53%

Citi notes the commentary from Infratil’s ((IFT)) FY25 results that new data centre contracts have been deferred, which Citi views as existing news and aligns with what the broker has been documenting regarding Microsoft pausing new contracts.

In contrast, Citi highlights industry feedback pointing to Amazon’s AWS looking for sizeable capacity in Melbourne, with the city viewed as a “super-cluster” for AI/ML (machine learning) workloads, which augurs well for NextDC’s M2 and M3 facilities.

Citi also believes tomorrow’s earnings report from Nvidia is important for both the NextDC stock and the sector.

Buy rated with an $18.70 target price.

FORECAST
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.90 cents.
Citi forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -9.60 cents.

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

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
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%

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

Canaccord Genuity

12/05/2025

1

Buy

$20.15

44.96%

NextDC announced its contracted capacity rose by a sharp 30% or 52MW since December 2024, following new client wins.

New clients are mostly in Victoria, and Canaccord Genuity highlights it leaves the company with 127MW of forward contracts to be billed from FY27, with full run-rate from FY28.

The company raised its FY25 capex guidance by -$100m to -$1.4-1.6bn, and Canaccord Genuity notes it has $2.5bn liquidity at disposal from cash and undrawn debt.

The broker made no changes to forecasts for FY25-26, and only a modest revision to FY27.

However, it lifted the valuation to incorporate the new contracts, resulting in target price rising to $20.15 from $18.85. Buy retained.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.60 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -14.20 cents.
Access Extra Coverage Research History >

NXT STOCK CHART

FNArena News on NXT

1
Rudi’s View: Amcor, GQG, IPH, Data#3 & Qualitas

Jun 12 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – Jun 12, 2025

Jun 12 2025 - Daily Market Reports
3
Rudi’s View: The AI Promise Is Broadening

Jun 11 2025 - Rudi's View
4
Rudi’s View: NextDC, QBE, Superloop & Woodside

Jun 05 2025 - Rudi's View
5
May In Review: Markets Embrace TACO Trade

Jun 04 2025 - Australia

Latest Cloud services News

1
WiseTech’s Big Bold Bet On E2open

May 29 2025 - Australia
2
Rudi’s View: How Do We Value The Future?

May 28 2025 - Rudi's View
3
AI Investments Fuel Australia’s Data Centre Future

May 22 2025 - Feature Stories
4
DUG Technology’s Multiple Growth Levers

May 09 2025 - Small Caps
5
Positive Trend Reversal For NextDC

Apr 29 2025 - Technicals
6
Megaport’s Quest Of Data Centre Agnostic Growth

Apr 03 2025 - Small Caps
7
WiseTech Global, Re-Building Its Reputation

Apr 02 2025 - Australia
8
The GenAI Arms Race Is Just Getting Started

Mar 19 2025 - International
9
Pro Medicus’ Valuation Predicament

Feb 19 2025 - Australia
10
DeepSeek Fuels AI Technology Advances

Feb 06 2025 - Feature Stories