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

$13.86

05 Dec
2025

0.420

OPEN

$14.58

3.13%

HIGH

$14.90

3,209,256

LOW

$13.86

TARGET
$19.933 43.8% 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 . 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 - 18.9 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 © 2025 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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

02/12/2025

1

Upgrade to Buy from Accumulate

$19.00

37.09%

Managament at NextDC has reported a 71MW rise in contracted utilisation to 316MW as at December 1, supported by recent multi-site customer wins, explains Morgans.

The broker highlights contracted MWs are now tracking ahead of consensus, with FY26 guidance unchanged but capex lifted to around -$2.3bn to support new contracts.

Contracted additions are viewed as continuing through FY26, underpinning medium-term earnings as billing converts progressively between FY26 and FY29.

Morgans lifts its FY27 and FY28 earnings forecasts by around 4% while increasing capex assumptions across the forecast period.

Rating upgraded to Buy from Accumulate. Target of $19 is maintained given the broker was already forecasting additional, top of the market contract wins.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -19.10 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -29.10 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$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

01/12/2025

1

Buy

$22.55

62.70%

NextDC has announced 71MW of new contracts, a 29% rise in total contracted capacity to 316MW and a rise of 53% in forward orders, as noted by Canaccord Genuity.

Forward orders, capacity which is contracted but not yet billing, rose to 205MW, due to come online in FY26-FY29.

Commentary posits the rise in capex guidance of -$400m for FY26 infers that some of the new contracts will start billing in FY27.

The existing portfolio profile suggests to the analyst more contract wins in Melbourne, although the details were not announced.

Management said contracted capacity additions suggest FY26 will be a record year, exceeding FY25's additional 72MW of new contracted capacity. FY26 net revenue and earnings (EBITDA) guidance is unchanged.

The broker lifts earnings (EBITDA) estimates by 4% for FY27 and 3% for FY28. Target price is raised to $22.55 from $21.70. No change to Buy rating.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -12.20 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -13.30 cents.
Access Extra Coverage Research History >

NXT STOCK CHART

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