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: 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

$11.02

14 Apr
2025

0.250

OPEN

$11.03

2.32%

HIGH

$11.05

1,816,327

LOW

$10.88

TARGET
$19.733 79.1% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
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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%

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Citi

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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Morgan Stanley

25/02/2025

1

Overweight

$20.50

86.03%

NextDC's first-half earnings (EBITDA) rose 3% to $105.4m, slightly ahead of consensus, with revenue up by 13% to $167.8m, highlights Morgan Stanley .

The forward order book increased to 83MW, with an additional 3MW of new contracted capacity, though the broker notes pricing declined by -4% year-on-year.

Management reaffirmed full-year guidance, including revenue of $330m, earnings of $215m, and capital expenditure of -$1.4bn.

Morgan Stanley retains an Overweight rating and $20.50 target, highlighting contract wins as a key catalyst for de-risking capital intensity. Overweight. Industry View: Attractive.

On the later earnings call, the broker highlights management is yet to see any impact from DeepSeek on hyperscaler or enterprise orders.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -8.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -10.00 cents.

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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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

03/03/2025

1

Buy

$18.85

71.05%

Canaccord Genuity believes the first half result from NextDC has paved the way for a consistent increase in earnings in the second half. Net revenue guidance of $340-350m for the full year has been maintained.

The broker notes the growth incentive plan for senior management implies, in the absence of dividends being paid, that the share price will have to reach $32.50 for the $150m package to vest in full.

Buy rating and target is raised to $18.85 from $18.70.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.20 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -13.10 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

NXT STOCK CHART

FNArena News on NXT

1
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