iCollege Ltd. (AU:NXD)
ASX:NXD
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iCollege Ltd.
(Sydney:NXD)
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Select Model
Rating:42Neutral
Price Target:
AU$0.16
▼(-18.50% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance (ongoing losses, slowing/declining revenue, and higher leverage from shrinking equity). Technicals add further pressure with a bearish trend and negative MACD. The main offset is improved 2025 cash flow/FCF, but valuation support is limited given the negative P/E and no dividend yield data.
Positive Factors
Improved cash generation
The shift to materially positive operating cash flow and a swing to strong free cash flow in 2025 strengthens near-term liquidity and lowers reliance on external funding. Durable cash generation can fund operations, settle obligations and support targeted reinvestment even while earnings remain negative.
Negative Factors
Persistent net losses
Ongoing net losses and a return to operating loss in 2025 erode retained earnings and compress return metrics. Persistent unprofitability limits capacity to self-fund growth, weakens investor confidence and leaves the business exposed if cash generation weakens or costs re-emerge.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
The shift to materially positive operating cash flow and a swing to strong free cash flow in 2025 strengthens near-term liquidity and lowers reliance on external funding. Durable cash generation can fund operations, settle obligations and support targeted reinvestment even while earnings remain negative.
Read all positive factors
iCollege Ltd. (NXD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$36.90M
Dividend YieldN/A
Average Volume (3M)408.64K
Price to Earnings (P/E)―
Beta (1Y)-0.72
Revenue Growth-13.91%
EPS Growth53.37%
CountryAU
EmployeesN/A
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding223,609,730
10 Day Avg. Volume51,324
30 Day Avg. Volume408,640
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.53
Price to Sales (P/S)0.32
P/FCF Ratio2.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.36Price Target Upside77.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$94.22M
iCollege Ltd. Business Overview & Revenue Model
Company Description
iCollege Ltd. (NXD) is a leading educational technology company focused on providing innovative learning solutions and digital resources. Operating primarily in the online education sector, iCollege offers a range of services including e-learning ...
iCollege Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
30
Negative
Cash Flow
63
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 94.56M | 95.87M | 111.37M | 102.22M | 46.82M | 16.29M |
| Gross Profit | 32.86M | 51.08M | 57.28M | 20.31M | 28.73M | 3.61M |
| EBITDA | 7.59M | 4.31M | -13.12M | 17.51M | 343.00K | 2.02M |
| Net Income | -6.93M | -14.57M | -31.23M | 3.61M | -8.70M | 308.10K |
Balance Sheet | ||||||
| Total Assets | 105.77M | 117.84M | 134.28M | 172.07M | 134.69M | 12.56M |
| Cash, Cash Equivalents and Short-Term Investments | 15.96M | 18.89M | 19.34M | 30.26M | 27.16M | 4.55M |
| Total Debt | 63.88M | 40.57M | 47.87M | 43.84M | 21.39M | 4.71M |
| Total Liabilities | 85.76M | 97.66M | 99.66M | 106.63M | 73.12M | 10.57M |
| Stockholders Equity | 20.01M | 20.18M | 34.62M | 65.44M | 61.57M | 1.99M |
Cash Flow | ||||||
| Free Cash Flow | 13.11M | 11.11M | -9.70M | 19.03M | 8.27M | -404.64K |
| Operating Cash Flow | 13.31M | 11.25M | 1.71M | 25.18M | 11.20M | -24.15K |
| Investing Cash Flow | -391.00K | -1.03M | -11.41M | -6.15M | 18.42M | -741.65K |
| Financing Cash Flow | -10.70M | -10.67M | -1.22M | -15.93M | -7.00M | 4.47M |
iCollege Ltd. Technical Analysis
Negative
0.20
Price Trends
0.20
Negative
0.25
Negative
0.22
Negative
Market Momentum
>-0.01
Negative
40.10
Neutral
75.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NXD, the sentiment is Negative. The current price of 0.2 is above the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.20, and below the 200-day MA of 0.22, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.10 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NXD.
iCollege Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$87.46M | 8.09 | 71.63% | 1.17% | 120.57% | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
52 Neutral | AU$73.68M | 119.49 | 0.87% | ― | -1.08% | ― | |
48 Neutral | AU$31.17M | 4.70 | -22.15% | 1.67% | -2.81% | -503.02% | |
45 Neutral | AU$13.92M | -4.84 | -6.74% | ― | 1.42% | 86.97% | |
42 Neutral | AU$36.90M | -25.24 | -34.51% | ― | -13.91% | 53.37% | |
41 Neutral | AU$13.55M | -2.37 | -111.42% | ― | -14.55% | 70.98% |
* Consumer Defensive Sector Average
AU:NXD
iCollege Ltd.
0.17
>-0.01
-2.94%
AU:EDU
EDU Holdings Limited
0.70
0.56
396.45%
AU:AKG
Academies Australasia Group Limited
0.11
<0.01
5.00%
AU:CLU
Cluey Ltd
0.03
-0.05
-61.63%
AU:3PL
3P Learning Ltd.
0.27
-0.51
-65.38%
AU:KME
Kip McGrath Education Centres Limited
0.57
0.13
29.00%
iCollege Ltd. Corporate Events
NextEd issues 1.15m shares on performance rights conversion and lodges cleansing notice
Mar 16, 2026
NextEd Group Limited has issued 1,150,000 fully paid ordinary shares following the vesting and conversion of performance rights, with these new shares subject to disposal restrictions of between six and twelve months. The company stated that the s...
NextEd Seeks ASX Quotation for 1.15 Million New Shares
Mar 16, 2026
NextEd Group Limited has applied to the ASX for quotation of 1,150,000 ordinary fully paid shares under its ticker NXD. The new securities, issued on 16 March 2026 following the exercise or conversion of existing options or convertible securities,...
NextEd Issues 482,582 Unquoted Performance Rights Under Employee Incentive Scheme
Mar 11, 2026
NextEd Group Limited has notified the market of the issue of 482,582 unquoted performance rights under its employee incentive scheme, with an effective issue date of 30 January 2026. The new performance rights, which will not be quoted on the ASX,...
NextEd Group Cancels 434,255 Unvested Performance Rights After Targets Missed
Mar 11, 2026
NextEd Group Limited has announced the lapse of 434,255 performance rights, which ceased on 30 January 2026 after the applicable performance conditions were not met or became incapable of being satisfied. The cessation modestly reduces the company...
NextEd turns operational reset into profit momentum and bets on AI-enabled growth
Feb 24, 2026
NextEd Group Limited, a major listed Australian private education provider with campuses across key cities and a broad portfolio of English language, vocational and higher education courses, continues to position itself as a diversified skills and...
NextEd Narrows Half-Year Loss Despite Slight Revenue Dip
Feb 24, 2026
NextEd Group Limited reported a modest 2.0% decline in revenue to $45.7 million for the half-year ended 31 December 2025, compared with the prior corresponding period. The company remains asset-light in tangible terms, with net tangible liabilitie...
NextEd Says New National Code Changes Will Not Dent Earnings
Jan 22, 2026
NextEd Group Limited has advised that recent amendments to Australia’s National Code of Practice for Providers of Education and Training to Overseas Students, which ban education agent commissions on recruiting international students who tra...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.