Nuix Ltd. (NXL) AI Stock Analysis

• Market Cap: AU$833.45M
• Dividend Yield: N/A
• Average Volume (3M): 936.25K
• Price to Earnings (P/E): 308.4
• Beta (1Y): 1.31
• Revenue Growth: 17.64%
• EPS Growth: 96.99%
• Country: AU
• Employees: 400
• Sector: Technology
• Sector Strength: 95
• Industry: Software - Application
• EPS (TTM): -0.03
• Shares Outstanding: 330,733,340
• 10 Day Avg. Volume: 1,009,313
• 30 Day Avg. Volume: 936,253
• PEG Ratio: 11.41
• Price to Book (P/B): 2.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 21.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$2.55
• Price Target Upside: 7.14% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 62 Neutral
• Price Target: AU$2.50 ▲(5.04%Upside)

The overall stock score for Nuix Ltd. is driven primarily by its solid financial performance and cash flow management, which contribute to its financial stability. Technical indicators reveal short-term bullish trends but caution with potential overbought conditions. Valuation concerns arise from the negative P/E ratio and lack of dividend yield, impacting the attractiveness of the stock.

Nuix Ltd. Business Overview & Revenue Model

Company Description

Nuix Limited provides investigative analytics and intelligence software solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company offers Nuix Workstation, a solution for processing file formats and source types into meaningful information by capturing the content, metadata, and context; Nuix Discover that provides processing, analytics, and machine learning-powered review in a single platform; and Nuix Investigate, a solution which extracts, correlates, and contextualizes various types of data types, across people, objects, locations, and events. The company also provides Nuix Adaptive Security, monitors, detects, and responds to the threats of enterprises; Nuix Enterprise Collection Center, a solution to collect disk images or selected data from laptops, desktops, servers, enterprise file shares, and Microsoft sharepoint sites to legal, investigation, security, and compliance teams for investigation; Nuix Automation, a web-based multi-user graphical tool that allows to map out complex data processes across various activities and machines; and Nuix NLP, a solution which combines machine learning technologies with a proprietary language model to discover, understand, classify, and quantify text content. It serves corporations, governments, law enforcement industries, law firms, advisories, and service partners. The company was formerly known as Nuix Pty Ltd and changed its name to Nuix Limited in September 2020. Nuix Limited was founded in 2000 and is headquartered in Sydney, Australia.

How the Company Makes Money

Nuix Ltd. generates revenue primarily through the sale of software licenses and subscriptions for its suite of data analytics and forensic products. The company offers both perpetual licenses and subscription-based models, catering to different customer preferences and budgetary constraints. Additionally, Nuix provides professional services such as consulting, training, and support, which serve as supplementary revenue streams. Significant partnerships with technology firms and system integrators also contribute to its earnings, enhancing the distribution and implementation of its software solutions across various industries.

Nuix Ltd. Financial Statement Overview

Summary

Nuix Ltd. has demonstrated strong revenue growth and operational efficiency improvements, with significant cash flow generation and a solid balance sheet. However, net profitability remains an area for potential enhancement.

Income Statement

Nuix Ltd. has shown a positive revenue growth trend, increasing from 182 million AUD in 2023 to 221 million AUD in 2024, reflecting a growth rate of approximately 20.9%. The Gross Profit Margin for 2024 stands at 90.2%, indicating efficient cost management. The company has improved its EBIT and EBITDA margins to 3% and 27.9% respectively, showing enhanced operational efficiency compared to negative EBIT in previous years. However, the Net Profit Margin is relatively low at 2.3%, suggesting room for improvement in net profitability.

Balance Sheet

The balance sheet of Nuix Ltd. shows a healthy Equity Ratio of 72.2%, highlighting strong financial stability and low leverage. The Debt-to-Equity ratio is low at 0.03, indicating minimal reliance on debt for financing. The Return on Equity improved to 1.8% in 2024, up from negative figures in prior years, though it remains modest. The company's financial position is robust, but there's potential to enhance returns to shareholders.

Cash Flow

Nuix Ltd. demonstrates strong cash flow management, with Free Cash Flow improving significantly to 49.6 million AUD in 2024 from negative levels in previous years. The Operating Cash Flow to Net Income ratio is 10.02, indicating efficient conversion of profits to cash flow. The Free Cash Flow to Net Income ratio is 9.87, underscoring robust cash generation. However, the significant capital expenditures in the past suggest a need for ongoing investment to sustain growth.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	220.62M	182.47M	152.31M	176.07M	175.86M
Gross Profit	198.97M	119.13M	98.29M	126.14M	126.77M
EBITDA	61.46M	35.56M	11.95M	27.42M	61.71M
Net Income	5.03M	-5.59M	-22.79M	-1.41M	23.59M
Balance Sheet
Total Assets	397.08M	428.19M	421.66M	405.45M	347.30M
Cash, Cash Equivalents and Short-Term Investments	38.03M	29.59M	46.85M	70.86M	38.54M
Total Debt	9.77M	11.12M	13.65M	11.36M	40.77M
Total Liabilities	110.85M	157.34M	152.59M	124.38M	151.83M
Stockholders Equity	286.69M	270.84M	269.07M	281.07M	195.48M
Cash Flow
Free Cash Flow	49.60M	-5.97M	-14.63M	-24.51M	13.73M
Operating Cash Flow	50.34M	32.56M	30.12M	10.80M	58.56M
Investing Cash Flow	-38.45M	-45.42M	-51.61M	-35.31M	-44.83M
Financing Cash Flow	-3.45M	-4.29M	-2.73M	58.10M	-2.96M

Nuix Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.38
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NXL, the sentiment is Neutral. The current price of 2.38 is above the 20-day moving average (MA) of 2.17, above the 50-day MA of 2.29, and below the 200-day MA of 4.36, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 70.19 is Negative, neither overbought nor oversold. The STOCH value of 94.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NXL.

Nuix Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IFM	76 Outperform	AU$493.84M	30.78	11.55%	3.36%	4.27%	61.22%
RUL	68 Neutral	AU$726.20M	111.53	11.59%	―	9.76%	-28.92%
BVS	66 Neutral	AU$986.38M	13.76	57.04%	2.94%	18.63%	―
NXL	62 Neutral	AU$833.45M	308.39	-0.19%	―	17.64%	96.99%
EOL	57 Neutral	AU$408.23M	92.28	8.54%	―	13.18%	258.38%
Sector *	51 Neutral	AU$1.60B	2.35	-31.50%	3.07%	16.21%	-7.40%

Nuix Ltd. Corporate Events

Nuix to Announce FY25 Financial Results via Webcast

Nuix Limited has announced that it will release its full year 2025 financial results on August 25, 2025, with a presentation by CEO Jonathan Rubinsztein and CFO Peter McClelland via webcast. This announcement signifies a key moment for stakeholders to assess the company’s performance and strategic direction, potentially impacting its market position and investor relations.

The most recent analyst rating on (AU:NXL) stock is a Buy with a A$6.91 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

Nuix Announces Retirement of Non-Executive Director Jeffrey Bleich

Nuix Limited announced the retirement of Hon. Jeffrey Bleich from its Board of Directors, as he will assume a full-time role as General Counsel at Anthropic AI. Bleich, who has been with Nuix since before its IPO and has served in various leadership roles, will not seek re-election at the upcoming Annual General Meeting. His departure is noted with appreciation for his contributions, and the company will begin the process of finding a new Non-Executive Director. This change marks a significant transition for Nuix, as Bleich’s industry knowledge and leadership have been highly valued.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$2.60 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

Nuix Ltd. Reports Cessation of Performance Rights

Nuix Ltd. announced the cessation of 154,490 performance rights under the ASX security code NXLAC. This cessation occurred because the conditions for these rights were not met or became incapable of being satisfied, potentially impacting the company’s capital structure and signaling a shift in its performance metrics.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$2.60 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

Nuix Ltd. Announces Cessation of Performance Rights

Nuix Ltd. announced the cessation of 168,570 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This development may impact the company’s capital structure and could have implications for stakeholders regarding performance incentives and future securities plans.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$2.60 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

Australian Ethical Investment Increases Stake in Nuix Ltd.

Australian Ethical Investment Limited has increased its stake in Nuix Limited, as indicated by a recent change in the interests of a substantial shareholder. The voting power of Australian Ethical Investment in Nuix has risen from 6.10% to 7.15%, reflecting a strategic move that could influence the company’s governance and decision-making processes. This change in shareholder interest may have implications for Nuix’s market positioning and operational strategies.

The most recent analyst rating on (AU:NXL) stock is a Hold with a A$2.60 price target. To see the full list of analyst forecasts on Nuix Ltd. stock, see the AU:NXL Stock Forecast page.

Australian Ethical Increases Stake in Nuix Limited

Nuix Limited, a company listed on the ASX, has experienced a change in the substantial holding of its shares. Australian Ethical Investment Limited, through State Street Australia Ltd, has increased its voting power in Nuix from 5.10% to 6.10%, reflecting a rise in the number of shares held from 16,875,771 to 20,185,454. This change indicates a growing interest and investment in Nuix by Australian Ethical Investment, potentially impacting the company’s market positioning and signaling confidence in its future prospects.

Nuix Ltd. Adjusts Financial Targets Amid Uncertain Market Conditions

Nuix Ltd. has announced a trading update indicating a lengthening procurement cycle for larger transactions and increased uncertainty in the geopolitical and economic landscape, affecting the predictability of deal closures. As a result, Nuix has withdrawn its previously estimated Annualised Contract Value target range and strategic targets related to revenue growth and cash flow. Despite these challenges, the company remains confident in its growth strategy and the strength of its deal pipeline, emphasizing that the timing of deal closures is the primary issue rather than the quality of the pipeline.

Nuix to Release Over 1.5 Million Shares from Escrow

Nuix Limited has announced the release of 1,507,065 fully paid ordinary shares from voluntary escrow, effective 6 May 2025. These shares were initially issued as part of the acquisition of Topos Labs, Inc., and their release marks a significant step in finalizing this transaction, potentially impacting the company’s market positioning and shareholder value.

Nuix Limited Announces New Substantial Holders

Nuix Limited has announced that ECP Asset Management Pty Ltd and EC Pohl & Co Pty Ltd have become substantial holders in the company. This change in substantial holding, with a voting power of 5.22%, signifies a notable shift in the company’s shareholder structure, potentially impacting its governance and strategic direction.