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NXL

Nuix ASX:NXL Stock Report

Last Price

AU$0.58

Market Cap

AU$184.0m

7D

5.5%

1Y

-76.8%

Updated

06 Oct, 2022

Data

Company Financials +
NXL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health6/6
Dividends0/6

NXL Stock Overview

Nuix Limited provides investigative analytics and intelligence software solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas.

Nuix Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nuix
Historical stock prices
Current Share PriceAU$0.58
52 Week HighAU$3.33
52 Week LowAU$0.52
Beta0
1 Month Change-16.55%
3 Month Change-30.95%
1 Year Change-76.80%
3 Year Changen/a
5 Year Changen/a
Change since IPO-92.76%

Recent News & Updates

Shareholder Returns

NXLAU SoftwareAU Market
7D5.5%7.8%5.1%
1Y-76.8%-22.7%-7.8%

Return vs Industry: NXL underperformed the Australian Software industry which returned -21.6% over the past year.

Return vs Market: NXL underperformed the Australian Market which returned -7.1% over the past year.

Price Volatility

Is NXL's price volatile compared to industry and market?
NXL volatility
NXL Average Weekly Movement11.9%
Software Industry Average Movement10.0%
Market Average Movement9.3%
10% most volatile stocks in AU Market16.3%
10% least volatile stocks in AU Market4.2%

Stable Share Price: NXL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: NXL's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000n/aJonathan Rubinszteinhttps://www.nuix.com

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.

Nuix Fundamentals Summary

How do Nuix's earnings and revenue compare to its market cap?
NXL fundamental statistics
Market CapAU$184.04m
Earnings (TTM)-AU$22.79m
Revenue (TTM)AU$152.31m

1.2x

P/S Ratio

-8.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NXL income statement (TTM)
RevenueAU$152.31m
Cost of RevenueAU$18.44m
Gross ProfitAU$133.87m
Other ExpensesAU$156.66m
Earnings-AU$22.79m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.072
Gross Margin87.89%
Net Profit Margin-14.96%
Debt/Equity Ratio0%

How did NXL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is NXL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NXL?

Other financial metrics that can be useful for relative valuation.

NXL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA18.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does NXL's PS Ratio compare to its peers?

NXL PS Ratio vs Peers
The above table shows the PS ratio for NXL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.8x
RKN Reckon
1.8x-7.0%AU$130.9m
AND Ansarada Group
2.7x11.6%AU$131.8m
SYM Symbio Holdings
1.4x11.0%AU$284.0m
BVS Bravura Solutions
1.1x4.3%AU$293.1m
NXL Nuix
1.2x7.5%AU$184.0m

Price-To-Sales vs Peers: NXL is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (1.8x).


Price to Earnings Ratio vs Industry

How does NXL's PE Ratio compare vs other companies in the AU Software Industry?

Price-To-Sales vs Industry: NXL is good value based on its Price-To-Sales Ratio (1.2x) compared to the Australian Software industry average (3.7x)


Price to Sales Ratio vs Fair Ratio

What is NXL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NXL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.2x
Fair PS Ratio5.2x

Price-To-Sales vs Fair Ratio: NXL is good value based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (5.2x).


Share Price vs Fair Value

What is the Fair Price of NXL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate NXL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NXL's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Nuix forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if NXL's forecast earnings growth is above the savings rate (1.8%).

Earnings vs Market: Insufficient data to determine if NXL's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if NXL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NXL's revenue (7.5% per year) is forecast to grow faster than the Australian market (3.6% per year).

High Growth Revenue: NXL's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NXL's Return on Equity is forecast to be low in 3 years time (3.4%).


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Past Performance

How has Nuix performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-39.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NXL is currently unprofitable.

Growing Profit Margin: NXL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NXL is unprofitable, and losses have increased over the past 5 years at a rate of 39.5% per year.

Accelerating Growth: Unable to compare NXL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NXL is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (-10.7%).


Return on Equity

High ROE: NXL has a negative Return on Equity (-8.47%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Nuix's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NXL's short term assets (A$107.7M) exceed its short term liabilities (A$69.5M).

Long Term Liabilities: NXL's short term assets (A$107.7M) exceed its long term liabilities (A$35.5M).


Debt to Equity History and Analysis

Debt Level: NXL is debt free.

Reducing Debt: NXL has no debt compared to 5 years ago when its debt to equity ratio was 21.4%.

Debt Coverage: NXL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NXL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Nuix current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Nuix Dividend Yield vs Market
How does Nuix dividend yield compare to the market?
SegmentDividend Yield
Company (Nuix)n/a
Market Bottom 25% (AU)2.7%
Market Top 25% (AU)6.9%
Industry Average (Software)1.0%
Analyst forecast in 3 Years (Nuix)0%

Notable Dividend: Unable to evaluate NXL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NXL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NXL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NXL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NXL has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Jonathan Rubinsztein

0.83yr

Tenure

AU$1,030,602

Compensation

Mr. Jonathan Rubinsztein, BCom (Hons), MBA, FAICD, serves as Global Chief Executive Officer and Executive Director at Nuix Limited since December 6, 2021. He has been Independent Non-Executive Director at...


CEO Compensation Analysis

Jonathan Rubinsztein's Compensation vs Nuix Earnings
How has Jonathan Rubinsztein's remuneration changed compared to Nuix's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$1mAU$381k

-AU$23m

Compensation vs Market: Jonathan's total compensation ($USD665.25K) is above average for companies of similar size in the Australian market ($USD276.12K).

Compensation vs Earnings: Insufficient data to compare Jonathan's compensation with company performance.


Leadership Team

Experienced Management: NXL's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: NXL's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NXL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:NXL Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
29 Sep 22BuyAU$1,948,044Australian Ethical Investment Ltd.Company3,177,884AU$0.61
12 Sep 22BuyAU$264,192,217UBS Asset ManagementCompany165,327,833AU$2.33
12 Sep 22SellAU$267,512,625UBS Asset ManagementCompany169,560,083AU$1.69
08 Sep 22BuyAU$235,931Jonathan RubinszteinIndividual350,000AU$0.71
25 Jul 22BuyAU$2,456,397Australian Ethical Investment Ltd.Company3,456,096AU$0.71
07 Jun 22BuyAU$29,387,488Australian Ethical Investment Ltd.Company16,133,164AU$1.82
18 Mar 22BuyAU$140,001Jeffrey BleichIndividual100,000AU$1.40
02 Mar 22BuyAU$68,575Jonathan RubinszteinIndividual50,000AU$1.37
02 Mar 22BuyAU$103,482Robert MactierIndividual75,000AU$1.38
01 Mar 22BuyAU$200,000Susan ThomasIndividual153,996AU$1.30
22 Feb 22BuyAU$46,069Jonathan RubinszteinIndividual35,000AU$1.32
22 Feb 22BuyAU$99,937Susan ThomasIndividual75,471AU$1.32
22 Dec 21BuyAU$77,647Jonathan RubinszteinIndividual35,000AU$2.22
17 Dec 21BuyAU$214,800Robert MactierIndividual100,000AU$2.15
01 Dec 21BuyAU$149,372Susan ThomasIndividual67,000AU$2.23

Ownership Breakdown

What is the ownership structure of NXL?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders6,394,7892.0%
Private Companies21,839,5306.9%
General Public82,491,54226.0%
VC/PE Firms95,654,26230.1%
Institutions110,934,67135.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 73.76% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
30.14%
Macquarie Corporate Holdings Pty Limited
95,654,262A$55.5m0%100%
6.17%
Australian Ethical Investment Ltd.
19,589,260A$11.4m21.42%1.46%
5.92%
BNP Paribas Arbitrage Sa, Asset Management Arm
18,800,843A$10.9m0%0.02%
5.3%
UBS Asset Management
16,829,524A$9.8m-18.4%no data
4.73%
ECP Asset Management Pty Ltd
15,006,594A$8.7m0%3.65%
4.21%
Delrick Limited
13,345,750A$7.7m0%no data
3.95%
Merrill Lynch & Co. Inc., Banking Investments
12,528,580A$7.3m0%no data
3.82%
Regal Partners Limited
12,137,163A$7.0m0%0.45%
2.57%
The Vanguard Group, Inc.
8,148,801A$4.7m-3.74%no data
1.37%
Jewelcross Pty Limited
4,333,368A$2.5m0%no data
1.31%
Kin Group Pty Ltd
4,160,412A$2.4m0%no data
0.62%
Sandon Capital Investments Limited
1,977,748A$1.1m0%1.14%
0.55%
David Sitsky
1,750,000A$1.0m0%no data
0.53%
Rodney Vawdrey
1,680,509A$974.7k0%no data
0.42%
Macquarie Investment Management Limited
1,327,351A$769.9k0%0.02%
0.36%
Fidelity International Ltd
1,131,482A$656.3k0%no data
0.32%
Daniel Noll
1,000,000A$580.0k0%no data
0.29%
EC. Pohl & Company
927,864A$538.2k0%0.78%
0.29%
One Managed Investment Funds Limited
914,139A$530.2k0%0.26%
0.26%
Stephen Doyle
834,370A$483.9k0%no data
0.21%
Macquarie Capital Investment Management LLC
653,519A$379.0k0%no data
0.16%
Jonathan Rubinsztein
500,000A$290.0k233.33%no data
0.11%
BetaShares Capital Limited
334,278A$193.9k1.65%no data
0.099%
Susan Thomas
315,300A$182.9k0%no data
0.059%
State Street Global Advisors, Inc.
185,856A$107.8k0.79%no data

Company Information

Nuix Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Nuix Limited
  • Ticker: NXL
  • Exchange: ASX
  • Founded: 2000
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: AU$184.043m
  • Shares outstanding: 317.31m
  • Website: https://www.nuix.com

Location

  • Nuix Limited
  • 1 Market Street
  • Level 27
  • Sydney
  • New South Wales
  • 2000
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NXLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2020
NXLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2020
NXLL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.