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

$12.23

24 Mar
2026

-0.240

OPEN

$12.59

-1.92%

HIGH

$12.75

1,903,759

LOW

$12.23

TARGET
$20.725 69.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
3DP . AIM . DGT . DGT . DUB . DUG . DXN . ERD . FCL . FCT . IFT . IOD . 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 - 18.0 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 © 2026 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

1.0

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

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xx.xx%

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Macquarie

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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UBS

27/02/2026

1

Buy

$22.55

84.38%

UBS believes NextDC is entering a transformational growth phase, with 172MW newly contracted and 157MW scheduled for activation in FY27. These positives lift contracted earnings (EBITDA) to around $718m versus the broker’s $239m FY26 forecast.

The forward order book has reached 297MW, with a 7% first-half earnings beat driven by lower corporate costs, explain the analysts.

FY26 guidance for $390-400m of revenue and $230-240m in earnings is unchanged, albeit with capital expenditure raised to -$2.4-$2.7bn from -$2.2-2.4bn.

UBS notes funding is supported by a $6.4bn debt facility and proposed $500m subordinated notes, underpinning expansion across S4, M4 and S5. Buy rating and $22.55 target price are maintained.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -18.00 cents.
UBS forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -24.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

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

1

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

12/03/2026

1

Buy

$20.40

66.80%

Canaccord Genuity highlights a stronger forward order book for NextDC following the 1H FY26 result, supporting an accelerated ramp in contracted capacity and faster conversion to billing than previously expected.

Net revenue of $189m rose 13% y/y and underlying EBITDA of $115.3m exceeded both the estimate and consensus.

The broker notes 172MW of new contracted capacity in the half, with around 55% expected to convert to billing in FY27, earlier than market expectations.

While funding remains a key market focus, the broker believes the balance sheet remains flexible with about $4.2bn of liquidity and potential subordinated debt issuance supporting the circa -$3bn capex required to build out the current order book.

 FY28 earnings (EBITDA) forecasts are upgraded materially to reflect the faster ramp profile, although the target price is lowered to $20.40 from $22.55 due to higher capex assumptions and slightly weaker pricing expectations. Buy rating retained 

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -16.50 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -21.30 cents.
Access Extra Coverage Research History >

NXT STOCK CHART

FNArena News on NXT

1
Rudi’s View: Top Picks & Conviction Buys

Mar 19 2026 - Rudi's View
2
Next Week At A Glance 16-20 Mar 2026

Mar 13 2026 - Weekly Reports
3
Market Concerns Eclipse NextDC’s Growth Outlook

Mar 13 2026 - Australia
4
Australian Broker Call *Extra* Edition – Mar 12, 2026

Mar 12 2026 - Daily Market Reports
5
Rudi’s View: TACO Time?

Mar 11 2026 - Rudi's View

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Market Concerns Eclipse NextDC’s Growth Outlook

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Feb 18 2026 - Rudi's View
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Feb 10 2026 - Treasure Chest
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