Canlı Haber • Jul 22
NEXTDC Reports 11% Lift in Contracted Utilization and Stronger Forward Order Book NEXTDC reported an 11% increase in pro-forma contracted utilization since 20 April, reaching 740 megawatts as of 30 June, with its pro-forma forward order book rising to 565 megawatts on the back of new customer contract awards.
The higher contracted utilization and larger forward order book indicate that more capacity is now locked in under customer agreements, which can support future revenue visibility and provide a basis for ongoing investment in additional data center capacity.
NEXTDC shares last traded at A$13.98, with the stock up 11.5% year to date. This suggests the market may have already incorporated some expectations around its data center expansion and customer demand.
The larger contracted base and order pipeline underline that NEXTDC’s near to medium-term performance is increasingly linked to effective delivery of this capacity and to managing execution, timing and potential customer concentration risks associated with these large contracts. Breakeven Date Change • Jul 14
Forecast to breakeven in 2029 The 14 analysts covering NEXTDC expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$97.6m in 2029. Canlı Haber • Jul 07
NEXTDC Signs Deal With OpenAI to Build Major AI Data Centre in Western Sydney NEXTDC has signed a memorandum of understanding with OpenAI to develop a major new hyperscale AI data centre campus in Western Sydney, planned to be one of the Southern Hemisphere’s largest AI-focused facilities.
The project is framed as part of Australia’s push for sovereign and advanced computing capability, with NEXTDC focusing on power-intensive infrastructure, reliable energy access, and disciplined capacity expansion to support AI workloads and cloud demand.
NEXTDC shares trade at A$13.80, with the stock up 10.0% year to date, reflecting continued market focus on data centre and AI infrastructure exposure.
This development highlights how NEXTDC is tying its growth to AI compute demand, while also taking on the execution and capital intensity risks that come with building very large, power-hungry campuses. Canlı Haber • Jun 23
NextDC Accelerates AI Data Centre Expansion as Funding Costs and Demand Rise NEXTDC is accelerating capital spending to expand its AI-focused data centre infrastructure across Australia and Southeast Asia, in response to strong demand for cloud and AI computing capacity.
The company’s funding strategy is being reshaped by higher interest costs linked to recent Federal Reserve policies, while investors closely track its operational execution, commercial progress and balance sheet strength.
NEXTDC shares trade at A$14.78, with the stock up 17.9% year to date, as the market weighs the growth opportunity in AI infrastructure against rising funding costs and execution risks.
The key issue for investors is whether NEXTDC can convert heavy AI-related capex into reliable long-term customer commitments while managing higher financing costs and geopolitical and competitive pressures in its core regions. Canlı Haber • Jun 06
NEXTDC Expands Data Centre Footprint to Capture Cloud and AI Growth NEXTDC is expanding its data centre capacity to meet demand linked to cloud computing, artificial intelligence and broader digital transformation trends.
The company is developing new facilities and maintaining a sizable development pipeline aimed at serving enterprises, government agencies and major cloud providers.
NEXTDC is also growing its connectivity ecosystem, aiming to strengthen its position among independent data centre operators in Australia.
The focus on additional capacity and a wider connectivity ecosystem points to a business model geared toward long-term infrastructure usage rather than short-term projects.
For you, the key considerations are execution risk on new builds, the capital intensity of ongoing development and how effectively NEXTDC can keep utilisation and customer mix aligned with its expanding footprint. New Risk • May 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$155m net loss in 3 years). Shareholders have been diluted in the past year (19% increase in shares outstanding). Duyuru • Apr 21
NEXTDC Limited has filed a Follow-on Equity Offering in the amount of AUD 1.507186 billion. NEXTDC Limited has filed a Follow-on Equity Offering in the amount of AUD 1.507186 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 118,676,034
Price\Range: AUD 12.7
Discount Per Security: AUD 0.0381
Transaction Features: Regulation S; Rights Offering New Risk • Mar 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.7b free cash flow). Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$88m net loss in 3 years). Reported Earnings • Feb 27
First half 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2026 results: AU$0.061 loss per share (improved from AU$0.068 loss in 1H 2025). Revenue: AU$231.8m (up 13% from 1H 2025). Net loss: AU$39.4m (loss narrowed 7.8% from 1H 2025). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 23% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. New Risk • Dec 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.4b free cash flow). Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$177m net loss in 3 years). Duyuru • Oct 10
NEXTDC Limited, Annual General Meeting, Nov 13, 2025 NEXTDC Limited, Annual General Meeting, Nov 13, 2025. Location: hybrid meeting, Australia Duyuru • Sep 26
NEXTDC Limited Announces the Appointment of Jamaludin Ibrahim to the Board as Non-Executive Director, Effective 1 November 2025 NEXTDC Limited announces the appointment of Mr. Jamaludin Ibrahim to the NEXTDC board as non-executive director, effective 1 November 2025. Mr. Ibrahim has over 40 years of executive experience in the IT and telecommunications sectors, including 27 years as a CEO. Since retiring from executive roles in 2020, he has remained engaged in various industries, including technology, fast food, aviation, and transportation, through multiple non-executive roles. He has served extensively on corporate boards in Malaysia and internationally, including public-listed companies, private enterprises, and government-linked bodies. Mr. Ibrahim holds an MBA from Portland State University (US) specialising in Operations Research & Quantitative Methods. He also holds a BSc, Business Administration, with a minor in Mathematics from California State University, Chico. He is currently the Chairman of QSR Brands (Fast Food, ASEAN), Chairman of AirAsia Aviation Group Ltd. and a Board Member of SEEK Ltd. (Australia). Mr. Ibrahim was previously Chairman of government owned Prasarana Malaysia Berhard, Malaysia's public transport owner and operator, and a non-executive director of publicly listed Sunway Berhad. Mr. Ibrahim has served the Malaysian government in various roles, including being appointed in 2020 by the former Prime Minister of Malaysia as a member of the Economic Action Council and of the Digital Economy Council. He has been a contributor to numerous national initiatives and policy task forces. In addition, he currently serves as the Pro-Chancellor, Universiti Teknologi Malaysia (UTM). New Risk • Sep 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.4b free cash flow). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$173m net loss in 3 years). Reported Earnings • Aug 29
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: AU$0.096 loss per share (further deteriorated from AU$0.083 loss in FY 2024). Revenue: AU$427.2m (up 5.7% from FY 2024). Net loss: AU$60.5m (loss widened 37% from FY 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 7.0%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. New Risk • Jun 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.5b free cash flow). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$79m net loss in 3 years). Shareholders have been diluted in the past year (24% increase in shares outstanding). Major Estimate Revision • Mar 02
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$435.0m to AU$429.9m. Losses expected to increase from AU$0.097 per share to AU$0.11. IT industry in Australia expected to see average net income growth of 45% next year. Consensus price target down from AU$19.73 to AU$18.94. Share price fell 8.1% to AU$13.34 over the past week. New Risk • Feb 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.5b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$1.5b free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$67m net loss in 3 years). Shareholders have been diluted in the past year (24% increase in shares outstanding). Reported Earnings • Feb 25
First half 2025 earnings released First half 2025 results: Revenue: AU$205.5m (down 8.9% from 1H 2024). Net loss: AU$42.7m (loss widened 90% from 1H 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the IT industry in Australia. Duyuru • Feb 24
NEXTDC Limited Reaffirms Earnings Guidance for the Fiscal Year 2025 NEXTDC Limited reaffirmed earnings guidance for the fiscal year 2025. For the year, Net revenue in the range of AUD 340 million to AUD 350 million (unchanged). Duyuru • Oct 21
NEXTDC Limited, Annual General Meeting, Nov 22, 2024 NEXTDC Limited, Annual General Meeting, Nov 22, 2024. Major Estimate Revision • Sep 11
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -AU$0.102 to -AU$0.122 per share. Revenue forecast unchanged at AU$435.4m. IT industry in Australia expected to see average net income growth of 45% next year. Consensus price target broadly unchanged at AU$18.91. Share price rose 7.7% to AU$17.84 over the past week. Reported Earnings • Aug 28
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: AU$0.083 loss per share (further deteriorated from AU$0.055 loss in FY 2023). Revenue: AU$404.3m (up 12% from FY 2023). Net loss: AU$44.1m (loss widened 72% from FY 2023). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 5.3%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the IT industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Duyuru • Aug 27
NEXTDC Limited Provides Earnings Guidance for the Fiscal Year 2025 NEXTDC Limited provided earnings guidance for the fiscal year 2025. For the year, Net revenue in the range of AUD 340 million to AUD 350 million (Fiscal year 2024: AUD 307.9 million). New Risk • Jul 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$42m net loss in 3 years). Shareholders have been diluted in the past year (17% increase in shares outstanding). Duyuru • Apr 12
NEXTDC Limited has filed a Follow-on Equity Offering in the amount of AUD 1.321083 billion. NEXTDC Limited has filed a Follow-on Equity Offering in the amount of AUD 1.321083 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 85,784,633
Price\Range: AUD 15.4
Discount Per Security: AUD 0.2387
Transaction Features: Rights Offering New Risk • Feb 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$463m free cash flow). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$62m net loss in 3 years). Shareholders have been diluted in the past year (13% increase in shares outstanding). Price Target Changed • Feb 29
Price target increased by 11% to AU$17.37 Up from AU$15.64, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of AU$17.15. Stock is up 63% over the past year. The company is forecast to post a net loss per share of AU$0.11 next year compared to a net loss per share of AU$0.055 last year. Reported Earnings • Feb 28
First half 2024 earnings released: AU$0.044 loss per share (vs AU$0.006 loss in 1H 2023) First half 2024 results: AU$0.044 loss per share (further deteriorated from AU$0.006 loss in 1H 2023). Revenue: AU$225.6m (up 38% from 1H 2023). Net loss: AU$22.5m (loss widened AU$19.7m from 1H 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Duyuru • Oct 18
NEXTDC Limited, Annual General Meeting, Nov 24, 2023 NEXTDC Limited, Annual General Meeting, Nov 24, 2023, at 10:01 E. Australia Standard Time. Location: S3 Data Centre, 2 Broadcast Way, Artarmon New South Wales Australia Agenda: To consider and adopt the Remuneration Report of the Company (as set out in the Directors' Report) for the financial year ended 30 June 2023; to consider Re-election of Mr Stuart Davis, as a Director; to consider Re-election of Dr Eileen Doyle, as a Director; to consider Election of Mrs Maria Leftakis, as a Director; to consider Increase in the maximum aggregate annual remuneration of Non- Executive Directors; and to consider other matters. Price Target Changed • Sep 11
Price target increased by 7.5% to AU$14.82 Up from AU$13.79, the current price target is an average from 17 analysts. New target price is 14% above last closing price of AU$13.04. Stock is up 31% over the past year. The company is forecast to post a net loss per share of AU$0.099 next year compared to a net loss per share of AU$0.055 last year. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Non-Executive Director Maria Leftakis was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$560m free cash flow). Earnings are forecast to decline by an average of 9.2% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$74m net loss in 3 years). Shareholders have been diluted in the past year (13% increase in shares outstanding). New Risk • Aug 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$560m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$560m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$37m net loss in 3 years). Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • Aug 29
Full year 2023 earnings: Revenues exceed analyst expectations Full year 2023 results: Revenue: AU$362.4m (up 25% from FY 2022). Net loss: AU$25.6m (down 380% from profit in FY 2022). Revenue exceeded analyst estimates by 2.3%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 28
Consensus EPS estimates fall by 669% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$420.1m to AU$406.3m. Losses expected to increase from AU$0.018 per share to AU$0.14. IT industry in Australia expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at AU$13.79. Share price rose 3.6% to AU$13.26 over the past week. Duyuru • Aug 24
NEXTDC Limited Appoints Maria Leftakis to its Board as Non-Executive Director NEXTDC Limited announced the appointment of Mrs. Maria Leftakis to Board as Non-Executive Director, effective 24 August 2023. Mrs. Leftakis is recognised as an industry leader in shareholder engagement and corporate governance advisory, having worked with both domestic and international companies in Australia for over 25 years. She offers deep commercial and industry expertise having founded and led a number of successful stakeholder advisory businesses. She is currently the Chair of Morrow Sodali, Asia Pacific, one of the largest global shareholder and governance advisory firms. In this role, Mrs. Leftakis is also responsible for advising on acquisitions and growth opportunities. Prior to this, she was the firm's CEO for Asia Pacific and a member of the global Executive Committee, responsible for the groups business performance and growth strategy. As the Managing Director of a number of shareholder advisory businesses, including Georgeson Shareholder Communications (2000 - 2006, acquired by Computershare Limited) and Global Proxy Solicitation Pty Ltd. (2006 - 2017, acquired by Morrow Sodali), Mrs. Leftakis has become one of the leading advisors in this space, using her entrepreneurial experience to advise many ASX listed companies on issues including M&A, demergers, activism response and capital restructures. Maria holds a Bachelor of Economics (Finance and Accounting) from the University of Sydney as well as an Executive Master of Business Administration from the Australian Graduate School of Management, University of New South Wales. Maria is also a member of the Australia Institute of Company Directors. Major Estimate Revision • Aug 11
Consensus EPS estimates fall by 35% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -AU$0.0033 to -AU$0.0045 per share. Revenue forecast unchanged at AU$355.0m. IT industry in Australia expected to see average net income growth of 20% next year. Consensus price target broadly unchanged at AU$13.73. Share price rose 3.5% to AU$13.19 over the past week. Major Estimate Revision • Jun 15
Consensus EPS estimates fall by 27% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -AU$0.0046 to -AU$0.0058 per share. Revenue forecast unchanged at AU$353.7m. IT industry in Australia expected to see average net income growth of 18% next year. Consensus price target of AU$13.52 unchanged from last update. Share price was steady at AU$12.63 over the past week. Major Estimate Revision • May 21
Consensus EPS estimates upgraded to AU$0.0046 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -AU$0.0058 to -AU$0.0046 per share. Revenue forecast steady at AU$353.4m. IT industry in Australia expected to see average net income growth of 18% next year. Consensus price target broadly unchanged at AU$13.19. Share price was steady at AU$11.81 over the past week. Major Estimate Revision • May 14
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -AU$0.0058 to -AU$0.0069 per share. Revenue forecast unchanged at AU$353.0m. IT industry in Australia expected to see average net income growth of 18% next year. Consensus price target broadly unchanged at AU$13.29. Share price was steady at AU$11.78 over the past week. Price Target Changed • Apr 27
Price target increased by 7.9% to AU$13.71 Up from AU$12.70, the current price target is an average from 15 analysts. New target price is 19% above last closing price of AU$11.50. Stock is up 4.9% over the past year. The company is forecast to post a net loss per share of AU$0.0054 compared to earnings per share of AU$0.02 last year. Price Target Changed • Apr 14
Price target increased by 7.0% to AU$13.59 Up from AU$12.70, the current price target is an average from 15 analysts. New target price is 11% above last closing price of AU$12.22. Stock is up 9.4% over the past year. The company is forecast to post a net loss per share of AU$0.0033 compared to earnings per share of AU$0.02 last year. Major Estimate Revision • Apr 13
Consensus EPS estimates upgraded to AU$0.0033 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -AU$0.0047 to -AU$0.0033 per share. Revenue forecast steady at AU$353.3m. IT industry in Australia expected to see average net income growth of 18% next year. Consensus price target up from AU$12.70 to AU$12.98. Share price rose 12% to AU$12.22 over the past week. Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.006 loss per share (vs AU$0.023 profit in 1H 2022) First half 2023 results: AU$0.006 loss per share (down from AU$0.023 profit in 1H 2022). Revenue: AU$159.7m (up 11% from 1H 2022). Net loss: AU$2.78m (down 127% from profit in 1H 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Eileen Doyle was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Eileen Doyle was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 10
NEXTDC Limited, Annual General Meeting, Nov 18, 2022 NEXTDC Limited, Annual General Meeting, Nov 18, 2022, at 10:01 E. Australia Standard Time. Location: Warrane Theatre,Museum of Sydney,Cnr Phillip & Bridge Street Sydney Nsw 2000 Australia Agenda: To Receive And Consider The Company's Annual Financial Report, Directors' Report And Auditor's Report For The Financial Year Ended 30 June 2022; to Consider Remuneration Report; To Consider Re-Election Of Dr Gregory J Clark Ac, As A Director; to Consider Re-Election Of Ms Jennifer M Lambert, As A Director; to Consider Re-Election Of Mr Stephen M Smith, As A Director; to Consider Approval Of Grant Of Performance Rights To Mr Craig Scroggie; and to Consider Other Matters. Price Target Changed • Sep 05
Price target decreased to AU$12.73 Down from AU$13.76, the current price target is an average from 16 analysts. New target price is 29% above last closing price of AU$9.85. Stock is down 29% over the past year. The company is forecast to post earnings per share of AU$0.013 for next year compared to AU$0.02 last year. Reported Earnings • Aug 31
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: AU$0.02 (up from AU$0.052 loss in FY 2021). Revenue: AU$291.0m (up 18% from FY 2021). Net income: AU$9.14m (up AU$32.8m from FY 2021). Profit margin: 3.1% (up from net loss in FY 2021). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the next year, revenue is forecast to grow 20%, compared to a 19% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 29
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate increased from AU$0.02 to AU$0.02. Revenue forecast steady at AU$348.2m. Net income forecast to grow 124% next year vs 42% growth forecast for IT industry in Australia. Consensus price target of AU$13.72 unchanged from last update. Share price fell 7.4% to AU$10.29 over the past week. Duyuru • Aug 29
NEXTDC Limited Provides Earnings Guidance for the Year 2023 NEXTDC Limited provided earnings guidance for the year 2023. Data centre services revenue in the range of AUD 340 million to AUD 355 million (FY22: AUD 291 million). Duyuru • Jun 01
NEXTDC Hires Macquarie Capital for Global Switch Bid NEXTDC Limited (ASX:NXT) has hired investment bank Macquarie Capital for the competition to buy $10 billion Global Switch Limited. Macquarie is working with the Australian listed company to find a financial partner. A raft of global private equity firms are likely to be keen on the business. Information memoranda for the JPMorgan and UBS-run contest are due out this week. The global data centre space is awash with merger and acquisition activity right now, prompting questions about the future of NextDC. Now that the auction has started for Global Switch, NextDC is setting its sights on that business, owned by Jiangsu Shagang Group Co., Ltd. Recent Insider Transactions • Mar 01
Non-Executive Director recently bought AU$64k worth of stock On the 25th of February, Jennifer Lambert bought around 6k shares on-market at roughly AU$10.67 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$22m more in shares than they bought in the last 12 months. Duyuru • Feb 24
NEXTDC Limited Revises Data Centre Services Revenue Guidance for the Fiscal Year 2022 NEXTDC Limited revised data centre services revenue guidance for the fiscal year 2022. For the period, the company expects data centre services revenue to be in the range of $290 million to $295 million against the previous guidance range of $285 million to $295 million. Reported Earnings • Feb 24
First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2022 results: EPS: AU$0.023 (up from AU$0.039 loss in 1H 2021). Revenue: AU$144.5m (up 19% from 1H 2021). Net income: AU$10.3m (up AU$28.1m from 1H 2021). Profit margin: 7.1% (up from net loss in 1H 2021). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 21%, compared to a 45% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Duyuru • Feb 18
NEXTDC Limited to Report First Half, 2022 Results on Feb 24, 2022 NEXTDC Limited announced that they will report first half, 2022 results on Feb 24, 2022 Recent Insider Transactions • Sep 25
CEO, MD & Executive Director recently sold AU$22m worth of stock On the 24th of September, Craig Scroggie sold around 2m shares on-market at roughly AU$13.65 per share. This was the largest sale by an insider in the last 3 months. This was Craig's only on-market trade for the last 12 months. Reported Earnings • Aug 29
Full year 2021 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$246.1m (up 23% from FY 2020). Net loss: AU$20.7m (loss narrowed 54% from FY 2020). Duyuru • Aug 27
NEXTDC Limited Provides Earnings Guidance for the Year Ending June 30, 2022 NEXTDC Limited provided earnings guidance for the year ending June 30, 2022. For the year, the company expected Data centre services revenue in the range of $285 million to $295 million. Recent Insider Transactions • Apr 08
Non-Executive Director recently bought AU$70k worth of stock On the 7th of April, Jennifer Lambert bought around 6k shares on-market at roughly AU$11.39 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$260k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 26
First half 2021 earnings released: AU$0.038 loss per share (vs AU$0.014 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: AU$121.6m (up 28% from 1H 2020). Net loss: AU$17.5m (loss widened 259% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 381%. Over the next year, revenue is forecast to grow 9.0%, compared to a 72% growth forecast for the IT industry in Australia. Major Estimate Revision • Feb 25
Analysts update estimates The company's losses in 2021 are expected to improve with analysts raising their consensus EPS forecasts from -AU$0.0074 to -AU$0.0059. Revenue estimate was approximately flat at AU$249.6m. The IT industry in Australia is expected to see an average net income growth of 26% next year. The consensus price target increased from AU$14.08 to AU$14.12. Share price is down by 3.5% to AU$11.41 over the past week. Is New 90 Day High Low • Feb 24
New 90-day low: AU$11.18 The company is down 1.0% from its price of AU$11.33 on 26 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$7.95 per share. Duyuru • Feb 16
NEXTDC Limited to Report First Half, 2021 Results on Feb 25, 2021 NEXTDC Limited announced that they will report first half, 2021 results on Feb 25, 2021 Major Estimate Revision • Feb 11
Analysts update estimates The company's losses in 2021 are expected to improve with analysts raising their consensus EPS forecasts from -AU$0.0086 to -AU$0.0074. Revenue estimate was approximately flat at AU$248.8m. The IT industry in Australia is expected to see an average net income growth of 35% next year. The consensus price target increased from AU$13.90 to AU$14.08. Share price is up 6.2% to AU$12.60 over the past week. 