NEXTDC LIMITED (NXT)
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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

$13.00

04 Mar
2026

-0.500

OPEN

$13.50

-3.70%

HIGH

$13.50

1,700,352

LOW

$13.00

TARGET
$20.725 59.4% 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 - 17.6 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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

26/02/2026

1

Buy

$19.00

46.15%

NextDC reported underlying 1H26 earnings (EBITDA) of $115m, up 9% on the prior year and 7% above the consensus estimate, highlights Citi. The 'beat' was driven by lower costs, explains the analyst, given revenue was in line with forecast.

Reported profit was a -$39m loss, narrower than Citi’s -$66m forecast due to lower depreciation, amortisation and funding costs.

The broker has updated its forecasts following stronger-than-expected 2Q contract announcements of 167MW and now sees around a 10% consensus estimate upgrade for FY28 earnings.

Buy rating kept. Target raised to $19.00 from $18.35.

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

05/03/2026

1

Buy

$22.55

73.46%

Canaccord Genuity notes NextDC maintained FY26 revenue and EBITDA guidance following a first half result that exceeded expectations on key operating metrics.

Net revenue of $189m increased 13% on the prior year and was 7% ahead of the broker’s forecast, while underlying earnings (EBITDA) exceeded both the broker's forecast and consensus expectation.

The company recorded strong growth in contracted capacity, reaching 417MW, while billed capacity rose 29% to 120MW.

Management highlighted a faster-than-expected ramp in contracted capacity converting to billings, with a significant portion of recently signed capacity expected to begin generating revenue in FY27.

Buy rating and $22.55 target price unchanged.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents.
Access Extra Coverage Research History >

NXT STOCK CHART

FNArena News on NXT

1
Australian Broker Call *Extra* Edition – Mar 05, 2026

1:29 PM - Daily Market Reports
2
FNArena Corporate Results Monitor – 27-02-2026

Feb 27 2026 - Australia
3
Next Week At A Glance – 27 Feb – 6 March 2026

Feb 27 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Feb 12, 2026

Feb 12 2026 - Daily Market Reports
5
Behind The AI Threat Narrative(s)

Feb 11 2026 - Rudi's View

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Feb 18 2026 - Rudi's View
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Feb 10 2026 - Treasure Chest
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Dec 10 2025 - Australia
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7
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8
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Aug 21 2025 - Australia
9
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Jun 23 2025 - Australia
10
FNArena Visits NextDC’s S3 Data Centre

Jun 19 2025 - Feature Stories