Nextdc Limited (AU:NXT)
ASX:NXT
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Nextdc Limited
(Sydney:NXT)
Select Model
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Rating:49Neutral
Price Target:
AU$11.00
▼(-12.42% Downside)
Action:ReiteratedDate:11/15/25
Nextdc Limited's overall stock score is primarily impacted by its financial performance and technical analysis. While the company shows strong revenue growth and a solid balance sheet, significant profitability issues and negative cash flow trends are concerning. The technical indicators suggest a bearish market sentiment, further weighing down the score. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield.
Positive Factors
Recurring, annuity-like business model
NextDC's core colocation and interconnection offerings create predictable, contractually-backed recurring revenue. That annuity-like cash inflow supports longer-term capacity planning, customer retention through ecosystems, and steadier revenue visibility over 2–6 months and beyond.
Negative Factors
Negative profitability
Ongoing negative EBIT and net margins indicate operations and scale have not translated into bottom-line profits. Persistent unprofitability erodes shareholder returns, complicates reinvestment decisions, and raises risk that margin improvement is required before sustainable earnings appear.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring, annuity-like business model
NextDC's core colocation and interconnection offerings create predictable, contractually-backed recurring revenue. That annuity-like cash inflow supports longer-term capacity planning, customer retention through ecosystems, and steadier revenue visibility over 2–6 months and beyond.
Read all positive factors
Nextdc Limited (NXT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.05B
Dividend YieldN/A
Average Volume (3M)2.19M
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue Growth5.66%
EPS Growth-16.43%
CountryAU
Employees271
SectorTechnology
Sector Strength88
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.06
Shares Outstanding641,712,400
10 Day Avg. Volume2,336,687
30 Day Avg. Volume2,187,833
Financial Highlights & Ratios
PEG Ratio-10.00
Price to Book (P/B)2.21
Price to Sales (P/S)21.43
P/FCF Ratio-6.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$20.09Price Target Upside59.93% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)-0.21
Revenue Forecast (FY)AU$490.67M
Nextdc Limited Business Overview & Revenue Model
Company Description
NEXTDC Limited, a technology company, provides data center outsourcing solutions, connectivity services, and infrastructure management software in Australia. The company offers connectivity solutions, such as interconnection and intercapital servi...
How the Company Makes Money
NextDC primarily makes money by selling data centre colocation capacity and related services under contracted arrangements. Key revenue streams typically include: (1) Colocation (space, power, cooling): customers lease space (e.g., racks/cages/sui...
Nextdc Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 453.46M | 427.21M | 404.34M | 362.37M | 291.04M | 246.06M |
| Gross Profit | 14.01M | 350.20M | 307.90M | 75.92M | 79.37M | 54.19M |
| EBITDA | 217.72M | 227.71M | 217.77M | 185.61M | 161.58M | 136.98M |
| Net Income | -57.23M | -60.54M | -44.15M | -25.64M | 9.14M | -23.63M |
Balance Sheet | ||||||
| Total Assets | 6.99B | 5.69B | 5.22B | 3.85B | 2.98B | 2.64B |
| Cash, Cash Equivalents and Short-Term Investments | 278.26M | 243.69M | 1.24B | 765.84M | 456.56M | 652.33M |
| Total Debt | 2.57B | 1.21B | 1.46B | 1.44B | 1.14B | 860.45M |
| Total Liabilities | 2.84B | 1.54B | 1.65B | 1.57B | 1.28B | 980.69M |
| Stockholders Equity | 4.15B | 4.15B | 3.57B | 2.28B | 1.70B | 1.66B |
Cash Flow | ||||||
| Free Cash Flow | -1.66B | -1.37B | -809.66M | -579.21M | -459.80M | -191.10M |
| Operating Cash Flow | 163.65M | 222.64M | 128.79M | 126.79M | 122.04M | 127.39M |
| Investing Cash Flow | -1.88B | -1.59B | -950.91M | -710.02M | -599.93M | -318.50M |
| Financing Cash Flow | 1.61B | 372.08M | 1.29B | 893.06M | 286.98M | -55.33M |
Nextdc Limited Technical Analysis
Negative
12.56
Price Trends
13.08
Negative
13.13
Negative
14.31
Negative
Market Momentum
-0.16
Negative
49.19
Neutral
73.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NXT, the sentiment is Negative. The current price of 12.56 is above the 20-day moving average (MA) of 12.52, below the 50-day MA of 13.08, and below the 200-day MA of 14.31, indicating a neutral trend. The MACD of -0.16 indicates Negative momentum. The RSI at 49.19 is Neutral, neither overbought nor oversold. The STOCH value of 73.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NXT.
Nextdc Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$1.56B | 21.72 | 33.69% | 4.29% | 8.70% | 3.11% | |
62 Neutral | AU$1.70B | 26.24 | 5.01% | ― | 1.75% | 0.42% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | AU$1.22B | -28.32 | -5.99% | ― | 16.28% | -102.98% | |
51 Neutral | AU$50.05M | -2.15 | -38.55% | ― | ― | ― | |
49 Neutral | AU$8.05B | -51.02 | -1.38% | ― | 5.66% | -16.43% | |
44 Neutral | AU$11.90M | -0.18 | -148.39% | ― | ― | ― |
* Technology Sector Average
AU:NXT
Nextdc Limited
13.10
1.82
16.13%
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Nextdc Limited Corporate Events
NEXTDC Secures A$1bn Hybrid Funding Backed by La Caisse to Fuel Data Centre Expansion
Apr 6, 2026
NEXTDC has launched a A$1.0 billion wholesale offer of subordinated hybrid securities, backed by a matching binding commitment from Canadian investor La Caisse, to fund its growth strategy and data centre development pipeline through to FY29. The ...
NEXTDC issues 138,117 new ordinary shares after option conversions
Mar 20, 2026
NEXTDC Limited has issued 138,117 new ordinary fully paid shares, following the conversion or exercise of previously unquoted options or other unquoted convertible securities. The new securities, dated 16 March 2026, modestly increase the company&...
NEXTDC Issues 232,556 Unquoted Performance Rights Under Employee Incentive Plan
Mar 5, 2026
NEXTDC Limited has notified the market of the issue of 232,556 unquoted performance rights under its employee incentive scheme, with an issue date of March 6, 2026. The move underscores the company’s continued use of equity-based remuneratio...
NEXTDC updates market on CEO Craig Scroggie’s revised performance rights holding
Feb 26, 2026
NEXTDC Limited has disclosed a change in the interests of Chief Executive and Managing Director Craig Scroggie, detailing adjustments to his holdings of performance rights in the company. The filing, made under ASX listing rules, records movements...
NEXTDC issues 711,817 unquoted performance rights under employee incentive plan
Feb 26, 2026
NEXTDC Limited has notified the market of the issue of 711,817 unquoted performance rights under its employee incentive scheme. The new securities, which are not intended to be quoted on the ASX, were issued on 24 February 2026 and form part of th...
NEXTDC Posts Record Half-Year as Hyperscale Demand Drives Massive Expansion
Feb 25, 2026
NEXTDC reported record first-half FY26 results, with net revenue up 13% to A$189.2 million and underlying EBITDA rising 9% to A$115.3 million, while narrowing its net loss. Contracted utilisation surged 137% to 416.6MW, underpinning a substantial ...
NEXTDC lifts half-year revenue and narrows loss as reinvestment continues
Feb 25, 2026
NEXTDC Limited reported a 13% rise in revenue from ordinary activities to $231.8 million for the half-year ended 31 December 2025, with net revenue also up 13% to $189.2 million. The company reduced its net loss after tax attributable to members t...
NEXTDC Wins Planning Approval for New M4 Melbourne Data Centre
Jan 16, 2026
NEXTDC Limited has secured a key planning permit from the Victorian Minister for Planning for its new M4 Melbourne data centre at Port Melbourne, clearing a major regulatory hurdle for the project. The approval advances NEXTDC’s expansion in...
NEXTDC Issues 19,096 New Shares on Conversion of Unquoted Securities
Jan 14, 2026
NEXTDC Limited has issued 19,096 new fully paid ordinary shares following the conversion or exercise of previously unquoted options or other convertible securities, as disclosed in an Appendix 3G filing with the ASX dated 14 January 2026. The rela...
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.