Nuix Future Growth
Future criteria checks 4/6
Nuix is forecast to grow earnings and revenue by 38.2% and 10.3% per annum respectively. EPS is expected to grow by 41.3% per annum. Return on equity is forecast to be 8.6% in 3 years.
Key information
38.2%
Earnings growth rate
41.27%
EPS growth rate
| Software earnings growth | 26.3% |
| Revenue growth rate | 10.3% |
| Future return on equity | 8.57% |
| Analyst coverage | Low |
| Last updated | 24 Apr 2026 |
Recent future growth updates
Recent updates
Narrative Update • May 08
NXL: Future Upside Seen As Execution And Contract Trends Drive Reappraisal
Analysts have reduced their fair value estimate for Nuix from A$3.75 to A$3.45, citing updated assumptions on discount rates, growth, margins and P/E. These changes follow recent research that highlighted improving execution on the Neo migration and contract metrics.
Narrative Update • Apr 24
NXL: Neo Migration Execution Will Support Retention And Contract Value Upside
Analysts have lifted their Nuix price target by A$0.15 to A$2.30, pointing to a stronger than expected recent result and growing confidence that management's Neo migration strategy can support net dollar retention and Annual Contract Value growth. Analyst Commentary Recent research highlights a mix of optimism and caution around Nuix, with price targets and ratings reflecting both confidence in the Neo migration strategy and awareness of execution and growth risks.Narrative Update • Apr 08
NXL: Future Upside Seen As Neo Migration Execution Rebuilds Confidence
Analysts have lifted their price target on Nuix to A$2.30 from A$2.15, pointing to a solid recent result versus previously low expectations, as well as growing confidence in management's execution of the Neo migration strategy to support net dollar retention and Annual Contract Value growth. Analyst Commentary Recent Street research on Nuix points to a more constructive tone, with bullish analysts highlighting both the upgraded rating and the higher A$2.30 price target as signals of improving confidence in the story.Narrative Update • Mar 25
NXL: Upgraded Rating Will Rely On Execution Of Neo Migration Strategy
Analysts have lifted their price target for Nuix to A$2.30 from A$2.15, citing the recent upgrade to Outperform and confidence in management's execution on the Neo migration strategy to support net dollar retention and Annual Contract Value growth. Analyst Commentary Bullish analysts point to the recent upgrade to Outperform and the lift in the price target to A$2.30 as a sign of growing confidence in Nuix's current trajectory.Narrative Update • Mar 10
NXL: Neo Migration Execution Will Support Contract Value And Long Term Upside
Nuix's analyst price target has been adjusted from A$2.15 to A$2.20, with analysts citing a strong recent result against low expectations and growing confidence in management's execution on the Neo migration strategy to support net dollar retention and Annual Contract Value growth. Analyst Commentary The latest research points to a slightly higher price target around A$2.20 to A$2.30, with analysts pointing to recent results and progress on the Neo migration as key reasons for their updated views.
Narrative Update • Feb 24
NXL: Earnings Reset And Migration Progress Will Support Stronger Retention
Analysts have lifted their A$ price target range for Nuix, with one research house moving its view from A$2.15 to A$2.30. They point to a recent earnings print and ongoing execution on the Neo migration as support for improved growth and retention assumptions.Analysis Article • Feb 12
Should You Think About Buying Nuix Limited (ASX:NXL) Now?
While Nuix Limited ( ASX:NXL ) might not have the largest market cap around , it received a lot of attention from a...Narrative Update • Feb 09
NXL: Governance Amendments And Profitability Assumptions Will Support Long Term Upside
Narrative Update on Nuix Analysts have trimmed their fair value estimate for Nuix from A$2.25 to A$2.15, reflecting slightly higher discount rate assumptions along with modestly adjusted expectations for revenue growth, profit margins and future P/E levels. What's in the News Nuix Limited shareholders approved amendments to the company constitution at the AGM held on 19 November 2025.Narrative Update • Jan 26
NXL: Governance Amendments And Virtual Meeting Flexibility Will Support Long Term Upside
Analysts have kept their price target for Nuix steady at A$2.25, making only minor tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E to support this unchanged view. What's in the News Shareholders approved amendments to the Nuix Limited constitution at the AGM held on 19 November 2025, reflecting updated corporate governance settings (Key Developments).Narrative Update • Jan 12
NXL: Governance Changes And CEO Transition Will Support Long Term Upside
Analysts have kept their price target for Nuix steady around A$2.25, citing relatively unchanged assumptions for fair value, revenue growth, profit margins and future P/E as the main factors behind this view. What's in the News At the AGM on 19 November 2025, shareholders approved amendments to the Nuix Limited constitution, updating the company's governing rules (Key Developments).Narrative Update • Dec 26
NXL: Governance Reforms Will Drive Stronger Long Term Profitability
Analysts have modestly raised their price target on Nuix, citing slightly lower discount rate assumptions, marginally higher long term revenue growth and profit margin expectations, and a small compression in forecast future P E multiples that together support a refined fair value estimate around $2.25 per share. What's in the News Shareholders approved amendments to the Nuix constitution at the Annual General Meeting held on 19 November 2025, formalizing updates to the company bylaws (Key Developments).Narrative Update • Dec 12
NXL: Higher Margins And Governance Reforms Will Support Stronger Future Performance
Analysts have modestly raised their price target on Nuix to A$2.25. This reflects improved expectations for revenue growth and profit margins, despite a slightly higher discount rate and a lower assumed future P/E multiple.Analysis Article • Nov 07
Nuix Limited (ASX:NXL) May Have Run Too Fast Too Soon With Recent 33% Price Plummet
Nuix Limited ( ASX:NXL ) shares have had a horrible month, losing 33% after a relatively good period beforehand. For...Narrative Update • Oct 17
Shift To Subscriptions And Focus On Neo Will Improve Future Operational Efficiencies
Analysts have made a slight downward adjustment to Nuix's price target, now set at $3.51. This reflects a marginal decrease in the company's discount rate as they fine-tune their assessment of market conditions.Narrative Update • Oct 03
Shift To Subscriptions And Focus On Neo Will Improve Future Operational Efficiencies
Nuix's analyst price target has increased from $3.31 to $3.51. This change reflects analysts' improved outlook on the company's revenue growth and profit margins.Analysis Article • Sep 23
Optimistic Investors Push Nuix Limited (ASX:NXL) Shares Up 29% But Growth Is Lacking
The Nuix Limited ( ASX:NXL ) share price has done very well over the last month, posting an excellent gain of 29...Narrative Update • Aug 26
Shift To Subscriptions And Focus On Neo Will Improve Future Operational Efficiencies
The downward revision in Nuix’s price target primarily reflects reduced consensus estimates for both revenue growth and net profit margin, resulting in the fair value decreasing from A$3.86 to A$3.45. Valuation Changes Summary of Valuation Changes for Nuix The Consensus Analyst Price Target has significantly fallen from A$3.86 to A$3.45.Analysis Article • Jul 18
Should You Think About Buying Nuix Limited (ASX:NXL) Now?
Nuix Limited ( ASX:NXL ), might not be a large cap stock, but it led the ASX gainers with a relatively large price hike...Analysis Article • Mar 14
Nuix Limited's (ASX:NXL) 29% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Unfortunately for some shareholders, the Nuix Limited ( ASX:NXL ) share price has dived 29% in the last thirty days...
New Narrative • Feb 07
Positive Customer Reactions To Neo Platform Will Set Strong Foundation For Future Success
The successful launch of the Nuix Neo platform and increased ACV signals strong future revenue growth and customer diversification.Analysis Article • Jan 28
Nuix Limited (ASX:NXL) Shares May Have Slumped 32% But Getting In Cheap Is Still Unlikely
Unfortunately for some shareholders, the Nuix Limited ( ASX:NXL ) share price has dived 32% in the last thirty days...Analysis Article • Dec 09
Estimating The Fair Value Of Nuix Limited (ASX:NXL)
Key Insights Nuix's estimated fair value is AU$6.92 based on 2 Stage Free Cash Flow to Equity With AU$6.72 share price...Analysis Article • Oct 11
Nuix's (ASX:NXL) Returns On Capital Not Reflecting Well On The Business
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...Analysis Article • Aug 30
What Nuix Limited's (ASX:NXL) 38% Share Price Gain Is Not Telling You
Nuix Limited ( ASX:NXL ) shares have continued their recent momentum with a 38% gain in the last month alone. The...Analysis Article • Jul 03
There's Reason For Concern Over Nuix Limited's (ASX:NXL) Price
When close to half the companies in the Software industry in Australia have price-to-sales ratios (or "P/S") below...Analysis Article • May 10
Why Nuix Limited (ASX:NXL) Could Be Worth Watching
Nuix Limited ( ASX:NXL ), is not the largest company out there, but it led the ASX gainers with a relatively large...Analysis Article • Apr 08
Calculating The Fair Value Of Nuix Limited (ASX:NXL)
Key Insights The projected fair value for Nuix is AU$2.28 based on 2 Stage Free Cash Flow to Equity Current share price...Analysis Article • Feb 22
Nuix Limited's (ASX:NXL) 31% Share Price Surge Not Quite Adding Up
The Nuix Limited ( ASX:NXL ) share price has done very well over the last month, posting an excellent gain of 31%. The...Analysis Article • Feb 08
Why Nuix Limited (ASX:NXL) Could Be Worth Watching
While Nuix Limited ( ASX:NXL ) might not have the largest market cap around , it led the ASX gainers with a relatively...Analysis Article • Jan 08
Calculating The Fair Value Of Nuix Limited (ASX:NXL)
Key Insights Nuix's estimated fair value is AU$1.87 based on 2 Stage Free Cash Flow to Equity Nuix's AU$2.15 share...Analysis Article • Nov 28
We're Not Worried About Nuix's (ASX:NXL) Cash Burn
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Analysis Article • Jul 10
Nuix Limited's (ASX:NXL) Business And Shares Still Trailing The Industry
You may think that with a price-to-sales (or "P/S") ratio of 1.7x Nuix Limited ( ASX:NXL ) is a stock worth checking...Analysis Article • Jun 09
Companies Like Nuix (ASX:NXL) Are In A Position To Invest In Growth
Just because a business does not make any money, does not mean that the stock will go down. For example, although...Analysis Article • Feb 13
Companies Like Nuix (ASX:NXL) Are In A Position To Invest In Growth
Just because a business does not make any money, does not mean that the stock will go down. For example, although...Analysis Article • Oct 19
We Think Nuix (ASX:NXL) Can Afford To Drive Business Growth
We can readily understand why investors are attracted to unprofitable companies. For example, although...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 6/30/2028 | 332 | 36 | 36 | 81 | 4 |
| 6/30/2027 | 295 | 22 | 23 | 69 | 4 |
| 6/30/2026 | 256 | 13 | 22 | 51 | 4 |
| 12/31/2025 | 237 | 12 | 32 | 53 | N/A |
| 9/30/2025 | 229 | 2 | 18 | 40 | N/A |
| 6/30/2025 | 222 | -9 | 4 | 27 | N/A |
| 3/31/2025 | 224 | -5 | 7 | 33 | N/A |
| 12/31/2024 | 227 | -1 | 10 | 40 | N/A |
| 9/30/2024 | 224 | 2 | 13 | 45 | N/A |
| 6/30/2024 | 221 | 5 | 17 | 50 | N/A |
| 3/31/2024 | 207 | -3 | 9 | 44 | N/A |
| 12/31/2023 | 193 | -12 | 2 | 37 | N/A |
| 9/30/2023 | 188 | -9 | -2 | 35 | N/A |
| 6/30/2023 | 182 | -6 | -6 | 33 | N/A |
| 3/31/2023 | 169 | -12 | -9 | 31 | N/A |
| 12/31/2022 | 156 | -19 | -11 | 30 | N/A |
| 9/30/2022 | 154 | -21 | -12 | 30 | N/A |
| 6/30/2022 | 152 | -23 | -13 | 30 | N/A |
| 3/31/2022 | 164 | -5 | -23 | 19 | N/A |
| 12/31/2021 | 175 | 13 | -32 | 9 | N/A |
| 9/30/2021 | 175 | 6 | -28 | 10 | N/A |
| 6/30/2021 | 176 | -1 | -25 | 11 | N/A |
| 3/31/2021 | 174 | -4 | -6 | 30 | N/A |
| 12/31/2020 | 172 | -7 | 13 | 50 | N/A |
| 9/30/2020 | 174 | 8 | 13 | 54 | N/A |
| 6/30/2020 | 176 | 24 | 14 | 59 | N/A |
| 6/30/2019 | 150 | 15 | N/A | 18 | N/A |
| 6/30/2018 | 120 | 11 | N/A | 22 | N/A |
| 6/30/2017 | 102 | 9 | N/A | 25 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NXL's forecast earnings growth (38.2% per year) is above the savings rate (3.6%).
Earnings vs Market: NXL's earnings (38.2% per year) are forecast to grow faster than the Australian market (12% per year).
High Growth Earnings: NXL's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NXL's revenue (10.3% per year) is forecast to grow faster than the Australian market (6.3% per year).
High Growth Revenue: NXL's revenue (10.3% 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 (8.6%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/16 15:47 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nuix Limited is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Edward Woodgate | Jarden Limited |
| Stephen Blagg | Jefferies LLC |
| ZheWei Sim | Jefferies LLC |