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

$15.09

20 Dec
2024

-0.070

OPEN

$15.20

-0.46%

HIGH

$15.41

6,994,997

LOW

$15.09

TARGET
$20.20 33.9% 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 . 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

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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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

11/09/2024

1

Outperform

$21.20

40.49%

The announcement by NextDC to raise another $750m is not a surprise to Macquarie via a fully underwritten pro-rata rights issue to existing shareholders (retail and institutional).

Management raised capex guidance by $400m for FY25 to $1.3bn-$1.6bn due strong demand for build-to-specification data centres and the development of S7 site discussions.

The broker believes the S7 site could be more than half a GW in size while the return on invested capital is mid-teens for enterprise customers and high-single-digit to low-double-digit for hyperscale. 

Macquarie raises FY24 EPS by 19% and lowers FY25 EPS by -4%.

Outperform rating and $21.20 target unchanged.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -10.10 cents.
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -11.80 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$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

24.92%

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

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