Nextdc Limited (AU:NXT)
ASX:NXT
Want to see AU:NXT full AI Analyst Report?
Top Page
Nextdc Limited
(Sydney:NXT)
Select Model
Select Model
Rating:49Neutral
Price Target:
AU$15.00
â–²(6.23% Upside)
Action:Reiterated
Date: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 contract-based revenue
NextDC's core revenues are contract-based and recurring across colocation, power and connectivity. That business model provides durable revenue visibility, high customer retention potential and predictable cash inflows that support planning for capacity investment and multi-year customer relationships.
Negative Factors
Sustained unprofitability
Despite revenue growth, NextDC reports negative net and EBIT margins, showing persistent inability to convert sales into operating profits. Prolonged unprofitability undermines return generation for shareholders and may require structural changes to pricing, cost base, or scale economics to achieve sustainable profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring contract-based revenue
NextDC's core revenues are contract-based and recurring across colocation, power and connectivity. That business model provides durable revenue visibility, high customer retention potential and predictable cash inflows that support planning for capacity investment and multi-year customer relationships.
Read all positive factors
Nextdc Limited (NXT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$11.35B
Dividend YieldN/A
Average Volume (3M)2.19M
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue Growth13.16%
EPS Growth17.39%
CountryAU
Employees271
SectorTechnology
Sector Strength88
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.09
Shares Outstanding760,416,300
10 Day Avg. Volume2,336,687
30 Day Avg. Volume2,187,833
Financial Highlights & Ratios
PEG Ratio-9.85
Price to Book (P/B)2.17
Price to Sales (P/S)21.12
P/FCF Ratio-6.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$19.96Price Target Upside41.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)-0.2
Revenue Forecast (FY)AU$490.66M
Nextdc Limited Business Overview & Revenue Model
Company Description
NEXTDC Limited is an Australian technology enterprise that delivers comprehensive data center solutions, encompassing outsourcing services, diverse connectivity options, and specialized infrastructure management software. The company facilitates e...
How the Company Makes Money
NextDC primarily makes money by selling colocation and related data-centre services under customer contracts. Its key revenue streams are: (1) Colocation services: recurring fees for dedicated space (e.g., racks/cages/suites) in its data centres, ...
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
Positive
14.12
Price Trends
14.60
Positive
13.75
Positive
14.21
Positive
Market Momentum
0.11
Positive
53.37
Neutral
37.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NXT, the sentiment is Positive. The current price of 14.12 is below the 20-day moving average (MA) of 15.22, below the 50-day MA of 14.60, and below the 200-day MA of 14.21, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 53.37 is Neutral, neither overbought nor oversold. The STOCH value of 37.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$2.24B | 26.09 | 33.69% | 4.29% | 12.60% | 8.55% | |
62 Neutral | AU$1.98B | 80.31 | 5.01% | ― | 3.78% | -9.98% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | AU$4.88B | -182.80 | -5.99% | ― | 23.32% | -403.83% | |
49 Neutral | AU$11.35B | -169.34 | -1.38% | ― | 13.16% | 17.39% | |
47 Neutral | AU$223.62M | -14.39 | -38.55% | ― | -49.13% | 0.65% | |
43 Neutral | AU$8.98M | -0.21 | -148.39% | ― | 6.70% | 33.88% |
* Technology Sector Average
AU:NXT
Nextdc Limited
15.18
1.33
9.62%
AU:MP1
Megaport
20.94
8.00
61.79%
AU:DDR
Dicker Data Limited
12.43
4.94
65.89%
AU:CYB
Sovereign Cloud Holdings Ltd.
0.04
-0.03
-38.57%
AU:MAQ
Macquarie Telecom Group Limited
76.00
12.68
20.03%
AU:AI1
DC Two Ltd.
0.22
0.17
367.39%
Nextdc Limited Corporate Events
NEXTDC Director Lifts Indirect Stake via Entitlement Offer
May 21, 2026
NEXTDC director Jamaludin Ibrahim has increased his indirect holding in the company through Swiss Life (Singapore) Pte. Ltd., which manages a discretionary trust over his estate. The trust acquired 2,777 ordinary shares at $12.70 each via particip...
NEXTDC director increases indirect shareholding via entitlement offer
May 21, 2026
NEXTDC has reported a change in the shareholding of non-executive director Dr Eileen Doyle, whose interest is held indirectly through the S E Doyle Super Fund. Following participation in the company’s entitlement offer announced in April 20...
NEXTDC Director Douglas Flynn Lifts Stake via Entitlement Offer
May 21, 2026
NEXTDC director Douglas Flynn has increased his indirect shareholding in the company through participation in the group’s recent entitlement offer. Flynn, via his superannuation-related entity DR LC Flynn Nominees Pty Ltd, acquired 23,712 o...
NEXTDC director boosts indirect stake via entitlement offer
May 21, 2026
NEXTDC Limited has disclosed a change in director Stuart Davis’s indirect shareholding, with his superannuation fund increasing its stake through participation in the company’s recent entitlement offer. Davis, via Caovis Pty Ltd as tru...
JPMorgan Exits Substantial Holder Position in Nextdc
May 8, 2026
JPMorgan Chase Co. and its affiliates have notified that they have ceased to be a substantial holder in Nextdc, following a series of changes in relevant interests tied largely to securities lending, collateral positions and proprietary trading a...
NEXTDC issues reminder on retail leg of equity raising
May 5, 2026
NEXTDC has reminded eligible retail shareholders about the retail component of its fully underwritten 1‑for‑5.4 pro‑rata accelerated non‑renounceable entitlement offer, following the broader capital raising announced in Apr...
NEXTDC Secures A$1.8bn in New Senior Debt to Power Data Centre Expansion
May 4, 2026
NEXTDC has secured A$1.8 billion in new senior debt commitments from a syndicate of leading domestic and international banks, lifting its total available senior debt facilities from A$6.4 billion to A$8.2 billion. The additional funding boosts the...
NEXTDC moves to quote 80.9 million new shares on ASX
Apr 28, 2026
NEXTDC Limited has applied to the ASX for quotation of 80,891,005 new ordinary fully paid shares, with the securities scheduled to be issued on April 30, 2026. The substantial size of this issuance, which follows an earlier Appendix 3B notificatio...
JPMorgan Entities Cease to Be Substantial Holders in NEXTDC
Apr 28, 2026
JPMorgan Chase Co and several of its affiliates have notified NEXTDC that they have ceased to be substantial shareholders in the data centre operator as of 24 April 2026. The change reflects a reduction in their aggregate relevant interest in NEX...
NEXTDC launches fully underwritten retail entitlement offer at A$12.70 per share
Apr 26, 2026
NEXTDC Limited has launched a fully underwritten, pro rata accelerated non-renounceable retail entitlement offer, giving eligible retail shareholders the opportunity to purchase 1 new ordinary share for every 5.4 held at an offer price of A$12.70 ...
NEXTDC Opens A$0.5bn Retail Entitlement Offer to Fund Growth
Apr 26, 2026
NEXTDC has opened the retail component of its fully underwritten 1‑for‑5.4 pro‑rata accelerated non‑renounceable entitlement offer, targeting about A$0.5 billion at an offer price of A$12.70 per share, matching the recently...
NEXTDC boosts liquidity with A$750m wholesale notes issue
Apr 23, 2026
NEXTDC Limited has successfully priced and allocated a A$750 million subordinated wholesale notes offer in the Australian debt market, issuing a single tranche of four-year floating rate notes at 3‑month BBSW plus 350 basis points. The trans...
NEXTDC raises A$1.0bn from institutions and launches A$0.5bn retail offer
Apr 21, 2026
NEXTDC Limited has completed the institutional component of its fully underwritten pro-rata accelerated non-renounceable entitlement offer, raising about A$1.0 billion at A$12.70 per new share. The offer saw strong support, with approximately 98% ...
NEXTDC launches fully underwritten pro-rata entitlement offer
Apr 19, 2026
NEXTDC Limited has launched a fully underwritten 1-for-5.4 pro-rata accelerated non-renounceable entitlement offer of new shares to existing shareholders. The offer will issue approximately 118.7 million new shares, equal to about 18.5% of its cur...
NEXTDC launches jumbo accelerated entitlement offer to raise new equity
Apr 19, 2026
NEXTDC Limited has lodged details of a proposed accelerated non-renounceable entitlement offer, indicating it plans to issue up to 118,676,034 new fully paid ordinary shares. Trading in the shares will resume on an ex-entitlement basis on April 22...
NEXTDC launches equity raising to fund A$2.2bn data centre expansion
Apr 19, 2026
NEXTDC has released an investor presentation outlining a fully underwritten pro-rata accelerated non-renounceable entitlement offer of new ordinary shares to existing shareholders. The capital raising forms part of a A$2.2 billion investment plan ...
NEXTDC launches A$2.2bn plan after record 250MW utilisation surge
Apr 19, 2026
NEXTDC has reported a transformational jump in contracted utilisation, adding 250MW at its S4 Western Sydney facility to lift pro forma contracted capacity to 667MW and the forward order book to 544MW as of 31 March 2026. The surge, driven by stro...
NEXTDC ramps up capex as contracted data centre demand surges
Apr 19, 2026
NEXTDC has significantly strengthened its market position, reporting that pro forma contracted utilisation rose about 60% to 667MW as at 31 March 2026, following substantial new customer contract wins. The company’s pro forma Forward Order B...
NEXTDC Seeks Trading Halt Ahead of Major Equity Raising
Apr 19, 2026
NEXTDC Limited has requested a trading halt on its ordinary shares as it prepares to announce the outcome of the institutional component of an accelerated entitlement offer. The suspension, granted under ASX Listing Rule 17.1, is tied to a propose...
NEXTDC Issues 92,304 New Shares on Conversion of Unquoted Securities
Apr 14, 2026
NEXTDC Limited has issued 92,304 new fully paid ordinary shares following the exercise or conversion of previously unquoted options or other convertible securities. The additional equity modestly increases the company’s share base and reflec...
NEXTDC trims issued capital as performance rights lapse
Apr 13, 2026
NEXTDC Limited has notified the market of the cessation of 130,813 performance rights, as disclosed in an Appendix 3H filing with the ASX. The rights ceased on 13 April 2026 and the update reflects a routine adjustment to the company’s issue...
NextDC issues 33,880 new shares from conversion of unquoted securities
Apr 13, 2026
NextDC Limited has issued 33,880 new ordinary fully paid shares following the exercise or conversion of previously unquoted options or other convertible securities. The modest capital issuance marginally increases the company’s share count a...
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 ...
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.