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NEXTRACKER INC-CL A (NXT) Stock Fundamental Analysis

NASDAQ:NXT - Nasdaq - US65290E1010 - Common Stock - Currency: USD

56.05  -1.81 (-3.13%)

After market: 56.12 +0.07 (+0.12%)

Fundamental Rating

6

NXT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 95 industry peers in the Electrical Equipment industry. NXT has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. NXT has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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9

1. Profitability

1.1 Basic Checks

In the past year NXT was profitable.
In the past year NXT had a positive cash flow from operations.
Of the past 5 years NXT 4 years were profitable.
The reported operating cash flow has been mixed in the past 5 years: NXT reported negative operating cash flow in multiple years.
NXT Yearly Net Income VS EBIT VS OCF VS FCFNXT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 200M 400M

1.2 Ratios

NXT has a Return On Assets of 18.69%. This is amongst the best in the industry. NXT outperforms 98.95% of its industry peers.
NXT has a Return On Equity of 39.64%. This is amongst the best in the industry. NXT outperforms 98.95% of its industry peers.
NXT's Return On Invested Capital of 26.41% is amongst the best of the industry. NXT outperforms 97.89% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NXT is significantly above the industry average of 10.08%.
The last Return On Invested Capital (26.41%) for NXT is above the 3 year average (17.04%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 18.69%
ROE 39.64%
ROIC 26.41%
ROA(3y)5.75%
ROA(5y)10.09%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)17.04%
ROIC(5y)24.1%
NXT Yearly ROA, ROE, ROICNXT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

1.3 Margins

The Profit Margin of NXT (20.12%) is better than 98.95% of its industry peers.
In the last couple of years the Profit Margin of NXT has grown nicely.
NXT's Operating Margin of 25.83% is amongst the best of the industry. NXT outperforms 98.95% of its industry peers.
In the last couple of years the Operating Margin of NXT has grown nicely.
NXT has a Gross Margin of 37.66%. This is amongst the best in the industry. NXT outperforms 85.26% of its industry peers.
In the last couple of years the Gross Margin of NXT has grown nicely.
Industry RankSector Rank
OM 25.83%
PM (TTM) 20.12%
GM 37.66%
OM growth 3Y20.99%
OM growth 5Y165.92%
PM growth 3Y5.61%
PM growth 5YN/A
GM growth 3Y18.79%
GM growth 5Y30.61%
NXT Yearly Profit, Operating, Gross MarginsNXT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 10 20 30

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7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NXT is creating value.
There is no outstanding debt for NXT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
NXT Yearly Shares OutstandingNXT Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 50M 100M
NXT Yearly Total Debt VS Total AssetsNXT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

An Altman-Z score of 4.09 indicates that NXT is not in any danger for bankruptcy at the moment.
NXT has a better Altman-Z score (4.09) than 80.00% of its industry peers.
NXT has a debt to FCF ratio of 0.29. This is a very positive value and a sign of high solvency as it would only need 0.29 years to pay back of all of its debts.
The Debt to FCF ratio of NXT (0.29) is better than 94.74% of its industry peers.
NXT has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
NXT has a Debt to Equity ratio of 0.10. This is in the better half of the industry: NXT outperforms 70.53% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 0.29
Altman-Z 4.09
ROIC/WACC2.9
WACC9.12%
NXT Yearly LT Debt VS Equity VS FCFNXT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 -1B -2B -3B

2.3 Liquidity

A Current Ratio of 2.20 indicates that NXT has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.20, NXT is doing good in the industry, outperforming 64.21% of the companies in the same industry.
A Quick Ratio of 1.96 indicates that NXT should not have too much problems paying its short term obligations.
NXT's Quick ratio of 1.96 is fine compared to the rest of the industry. NXT outperforms 76.84% of its industry peers.
Industry RankSector Rank
Current Ratio 2.2
Quick Ratio 1.96
NXT Yearly Current Assets VS Current LiabilitesNXT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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3

3. Growth

3.1 Past

NXT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 38.36%, which is quite impressive.
EPS 1Y (TTM)38.36%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%34.38%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%25.5%

3.2 Future

The Earnings Per Share is expected to grow by 3.03% on average over the next years.
NXT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.01% yearly.
EPS Next Y-6.63%
EPS Next 2Y0.63%
EPS Next 3Y3.61%
EPS Next 5Y3.03%
Revenue Next Year12.22%
Revenue Next 2Y10.67%
Revenue Next 3Y10.01%
Revenue Next 5Y9.01%

3.3 Evolution

NXT Yearly Revenue VS EstimatesNXT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B 4B
NXT Yearly EPS VS EstimatesNXT Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1 2 3 4

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 13.28, which indicates a correct valuation of NXT.
Based on the Price/Earnings ratio, NXT is valued cheaper than 89.47% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.91. NXT is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 14.23, which indicates a correct valuation of NXT.
Based on the Price/Forward Earnings ratio, NXT is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.85, NXT is valued a bit cheaper.
Industry RankSector Rank
PE 13.28
Fwd PE 14.23
NXT Price Earnings VS Forward Price EarningsNXT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NXT is valued cheaply inside the industry as 87.37% of the companies are valued more expensively.
NXT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NXT is cheaper than 84.21% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.22
EV/EBITDA 10.86
NXT Per share dataNXT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The excellent profitability rating of NXT may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.63%
EPS Next 3Y3.61%

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0

5. Dividend

5.1 Amount

NXT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NEXTRACKER INC-CL A

NASDAQ:NXT (5/22/2025, 8:00:02 PM)

After market: 56.12 +0.07 (+0.12%)

56.05

-1.81 (-3.13%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)05-14 2025-05-14/amc
Earnings (Next)07-30 2025-07-30/amc
Inst Owners108.27%
Inst Owner Change-0.63%
Ins Owners0.35%
Ins Owner Change-1.81%
Market Cap8.16B
Analysts80.63
Price Target56.09 (0.07%)
Short Float %6.26%
Short Ratio4.51
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)65.18%
Min EPS beat(2)58.71%
Max EPS beat(2)71.65%
EPS beat(4)4
Avg EPS beat(4)48.68%
Min EPS beat(4)21.79%
Max EPS beat(4)71.65%
EPS beat(8)8
Avg EPS beat(8)56.67%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)2.81%
Min Revenue beat(2)2.25%
Max Revenue beat(2)3.37%
Revenue beat(4)4
Avg Revenue beat(4)7%
Min Revenue beat(4)2.25%
Max Revenue beat(4)15.43%
Revenue beat(8)7
Avg Revenue beat(8)5.95%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.39%
PT rev (3m)4.03%
EPS NQ rev (1m)1.1%
EPS NQ rev (3m)2.87%
EPS NY rev (1m)0.4%
EPS NY rev (3m)0.64%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0.07%
Valuation
Industry RankSector Rank
PE 13.28
Fwd PE 14.23
P/S 2.95
P/FCF 16.22
P/OCF 15.4
P/B 5.8
P/tB 8.26
EV/EBITDA 10.86
EPS(TTM)4.22
EY7.53%
EPS(NY)3.94
Fwd EY7.03%
FCF(TTM)3.46
FCFY6.17%
OCF(TTM)3.64
OCFY6.49%
SpS19.03
BVpS9.66
TBVpS6.79
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 18.69%
ROE 39.64%
ROCE 34.44%
ROIC 26.41%
ROICexc 39.63%
ROICexgc 56.76%
OM 25.83%
PM (TTM) 20.12%
GM 37.66%
FCFM 18.16%
ROA(3y)5.75%
ROA(5y)10.09%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)17.04%
ROIC(5y)24.1%
ROICexc(3y)21.79%
ROICexc(5y)30.22%
ROICexgc(3y)32.1%
ROICexgc(5y)N/A
ROCE(3y)22.22%
ROCE(5y)31.43%
ROICexcg growth 3Y-54.28%
ROICexcg growth 5Y101.15%
ROICexc growth 3Y-1.34%
ROICexc growth 5Y175.47%
OM growth 3Y20.99%
OM growth 5Y165.92%
PM growth 3Y5.61%
PM growth 5YN/A
GM growth 3Y18.79%
GM growth 5Y30.61%
F-Score6
Asset Turnover0.93
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 0.29
Debt/EBITDA 0.19
Cap/Depr 279.83%
Cap/Sales 0.96%
Interest Coverage 250
Cash Conversion 73.05%
Profit Quality 90.27%
Current Ratio 2.2
Quick Ratio 1.96
Altman-Z 4.09
F-Score6
WACC9.12%
ROIC/WACC2.9
Cap/Depr(3y)91.51%
Cap/Depr(5y)60.28%
Cap/Sales(3y)0.28%
Cap/Sales(5y)0.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)38.36%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%34.38%
EPS Next Y-6.63%
EPS Next 2Y0.63%
EPS Next 3Y3.61%
EPS Next 5Y3.03%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%25.5%
Revenue Next Year12.22%
Revenue Next 2Y10.67%
Revenue Next 3Y10.01%
Revenue Next 5Y9.01%
EBIT growth 1Y100.53%
EBIT growth 3Y54.72%
EBIT growth 5Y247%
EBIT Next Year46.49%
EBIT Next 3Y17%
EBIT Next 5Y12.02%
FCF growth 1Y1725.96%
FCF growth 3Y66.61%
FCF growth 5YN/A
OCF growth 1Y1608.94%
OCF growth 3Y65.71%
OCF growth 5YN/A