NEXTDC Limited

ASX:NXT Stock Report

Market Cap: AU$9.7b

NEXTDC Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As NXT is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NXT. This is calculated by dividing NXT's market cap by their current revenue.
What is NXT's PS Ratio?
PS Ratio23.9x
SalesAU$404.34m
Market CapAU$9.68b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NXT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.4x
MAQ Macquarie Technology Group
6.3x5.6%AU$2.3b
MP1 Megaport
6.1x10.9%AU$1.2b
TNE Technology One
19.8x12.4%AU$10.0b
WRK Wrkr
9.5x37.2%AU$91.2m
NXT NEXTDC
23.9x14.9%AU$9.7b

Price-To-Sales vs Peers: NXT is expensive based on its Price-To-Sales Ratio (23.9x) compared to the peer average (10.4x).

Price to Sales Ratio vs Industry

How does NXT's PS Ratio compare vs other companies in the AU IT Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
CNW Cirrus Networks Holdings
0.5xn/aUS$37.80m
NNG Nexion Group
0.5xn/aUS$2.70m
CGO CPT Global
0.1xn/aUS$1.69m
No more companies available in this PS range
NXT 23.9xIndustry Avg. 1.6xNo. of Companies3PS02.44.87.29.612+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NXT is expensive based on its Price-To-Sales Ratio (23.9x) compared to the Global IT industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is NXT'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.

NXT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio23.9x
Fair PS Ratio11.7x

Price-To-Sales vs Fair Ratio: NXT is expensive based on its Price-To-Sales Ratio (23.9x) compared to the estimated Fair Price-To-Sales Ratio (11.7x).

Analyst Price Targets

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

The above table shows the analyst NXT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$15.12
AU$19.85
+31.3%
11.3%AU$25.70AU$14.00n/a16
Dec ’25AU$16.27
AU$19.81
+21.8%
11.3%AU$25.70AU$14.00n/a16
Nov ’25AU$16.26
AU$19.81
+21.9%
11.3%AU$25.70AU$14.00n/a16
Oct ’25AU$17.38
AU$19.77
+13.7%
11.4%AU$25.70AU$14.00n/a16
Sep ’25AU$16.95
AU$18.89
+11.4%
19.7%AU$25.20AU$6.57n/a17
Aug ’25AU$17.07
AU$18.91
+10.8%
18.6%AU$21.70AU$6.57n/a17
Jul ’25AU$17.49
AU$18.65
+6.6%
18.4%AU$21.70AU$6.57n/a17
Jun ’25AU$17.79
AU$18.50
+4.0%
18.4%AU$21.70AU$6.57n/a17
May ’25AU$16.20
AU$18.37
+13.4%
18.5%AU$21.70AU$6.57n/a17
Apr ’25AU$17.79
AU$17.96
+0.9%
20.8%AU$22.94AU$6.57n/a17
Mar ’25AU$16.77
AU$17.92
+6.9%
20.6%AU$22.94AU$6.57n/a17
Feb ’25AU$13.87
AU$15.64
+12.8%
13.3%AU$22.01AU$12.00n/a16
Jan ’25AU$13.73
AU$15.37
+12.0%
11.4%AU$20.58AU$12.00AU$15.0716
Dec ’24AU$13.01
AU$15.35
+18.0%
11.4%AU$20.58AU$12.00AU$16.2716
Nov ’24AU$11.94
AU$14.76
+23.6%
19.7%AU$20.58AU$5.37AU$16.2617
Oct ’24AU$12.39
AU$14.82
+19.6%
19.5%AU$20.58AU$5.37AU$17.3817
Sep ’24AU$13.44
AU$14.69
+9.3%
19.9%AU$20.58AU$5.37AU$16.9517
Aug ’24AU$13.05
AU$13.60
+4.2%
18.4%AU$18.00AU$5.37AU$17.0717
Jul ’24AU$12.58
AU$13.57
+7.9%
18.2%AU$17.62AU$5.37AU$17.4917
Jun ’24AU$12.59
AU$13.27
+5.4%
18.7%AU$17.62AU$5.37AU$17.7916
May ’24AU$11.45
AU$13.26
+15.8%
19.3%AU$18.53AU$5.37AU$16.2017
Apr ’24AU$10.46
AU$12.38
+18.3%
15.1%AU$17.05AU$7.55AU$17.7916
Mar ’24AU$10.55
AU$12.45
+18.0%
15.3%AU$17.05AU$7.55AU$16.7716
Feb ’24AU$9.79
AU$12.39
+26.6%
16.3%AU$17.05AU$7.55AU$13.8716
Jan ’24AU$9.10
AU$12.38
+36.1%
15.6%AU$16.19AU$7.55AU$13.7316

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/04 21:27
End of Day Share Price 2025/01/03 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

NEXTDC Limited is covered by 26 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
April LowisBarrenjoey Markets Pty Limited
Eric ChoiBarrenjoey Markets Pty Limited
Aryan NoroziBarrenjoey Markets Pty Limited