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NEXTRACKER INC-CL A (NXT) Stock Fundamental Analysis

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

58.98  -0.44 (-0.74%)

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to NXT. NXT was compared to 94 industry peers in the Electrical Equipment industry. NXT gets an excellent profitability rating and is at the same time showing great financial health properties. NXT is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings could make NXT a good candidate for growth and quality investing.


Dividend Valuation Growth Profitability Health

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9

1. Profitability

1.1 Basic Checks

NXT had positive earnings in the past year.
NXT had a positive operating cash flow in the past year.
Each year in the past 5 years NXT has been profitable.
Of the past 5 years NXT 4 years had a positive operating cash flow.
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 2025 0 200M 400M 600M

1.2 Ratios

The Return On Assets of NXT (15.95%) is better than 96.81% of its industry peers.
NXT's Return On Equity of 31.27% is amongst the best of the industry. NXT outperforms 96.81% of its industry peers.
NXT's Return On Invested Capital of 23.95% is amongst the best of the industry. NXT outperforms 97.87% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NXT is significantly above the industry average of 9.87%.
The last Return On Invested Capital (23.95%) for NXT is above the 3 year average (22.64%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 15.95%
ROE 31.27%
ROIC 23.95%
ROA(3y)9.4%
ROA(5y)9.46%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)22.64%
ROIC(5y)20.77%
NXT Yearly ROA, ROE, ROICNXT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40 50

1.3 Margins

Looking at the Profit Margin, with a value of 17.21%, NXT belongs to the top of the industry, outperforming 96.81% of the companies in the same industry.
In the last couple of years the Profit Margin of NXT has grown nicely.
Looking at the Operating Margin, with a value of 21.65%, NXT belongs to the top of the industry, outperforming 98.94% of the companies in the same industry.
NXT's Operating Margin has improved in the last couple of years.
NXT has a Gross Margin of 34.09%. This is in the better half of the industry: NXT outperforms 77.66% of its industry peers.
NXT's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 21.65%
PM (TTM) 17.21%
GM 34.09%
OM growth 3Y68.41%
OM growth 5Y11.18%
PM growth 3Y70.15%
PM growth 5Y11.25%
GM growth 3Y50.07%
GM growth 5Y13.4%
NXT Yearly Profit, Operating, Gross MarginsNXT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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7

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NXT is creating value.
NXT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for NXT has been increased compared to 5 years ago.
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 2025 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 2025 1B 2B 3B

2.2 Solvency

NXT has an Altman-Z score of 4.22. This indicates that NXT is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.22, NXT is in the better half of the industry, outperforming 77.66% of the companies in the same industry.
NXT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 4.22
ROIC/WACC2.66
WACC9.01%
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 2025 0 1B -1B -2B -3B

2.3 Liquidity

NXT has a Current Ratio of 2.09. This indicates that NXT is financially healthy and has no problem in meeting its short term obligations.
NXT has a Current ratio (2.09) which is in line with its industry peers.
A Quick Ratio of 1.89 indicates that NXT should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.89, NXT is in the better half of the industry, outperforming 72.34% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.09
Quick Ratio 1.89
NXT Yearly Current Assets VS Current LiabilitesNXT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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7

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.
NXT shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.95% yearly.
NXT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.38%.
The Revenue has been growing by 20.37% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)38.36%
EPS 3Y41.03%
EPS 5Y32.95%
EPS Q2Q%34.38%
Revenue 1Y (TTM)18.38%
Revenue growth 3Y26.62%
Revenue growth 5Y20.37%
Sales Q2Q%25.5%

3.2 Future

NXT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.13% yearly.
Based on estimates for the next years, NXT will show a quite strong growth in Revenue. The Revenue will grow by 9.87% on average per year.
EPS Next Y-6.63%
EPS Next 2Y0.63%
EPS Next 3Y4.62%
EPS Next 5Y3.13%
Revenue Next Year15.88%
Revenue Next 2Y13.1%
Revenue Next 3Y12.46%
Revenue Next 5Y9.87%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

Based on the Price/Earnings ratio of 13.98, the valuation of NXT can be described as correct.
90.43% of the companies in the same industry are more expensive than NXT, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of NXT to the average of the S&P500 Index (26.60), we can say NXT is valued slightly cheaper.
NXT is valuated correctly with a Price/Forward Earnings ratio of 14.97.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NXT indicates a rather cheap valuation: NXT is cheaper than 80.85% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of NXT to the average of the S&P500 Index (22.39), we can say NXT is valued slightly cheaper.
Industry RankSector Rank
PE 13.98
Fwd PE 14.97
NXT Price Earnings VS Forward Price EarningsNXT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NXT is valued cheaply inside the industry as 84.04% 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 89.36% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.87
EV/EBITDA 12.12
NXT Per share dataNXT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

The excellent profitability rating of NXT may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.42
EPS Next 2Y0.63%
EPS Next 3Y4.62%

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0

5. Dividend

5.1 Amount

No dividends for NXT!.
Industry RankSector Rank
Dividend Yield N/A

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NEXTRACKER INC-CL A

NASDAQ:NXT (6/13/2025, 10:50:05 AM)

58.98

-0.44 (-0.74%)

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-0.56%
Ins Owners0.35%
Ins Owner Change68.2%
Market Cap8.63B
Analysts79.35
Price Target63.7 (8%)
Short Float %7.21%
Short Ratio4.36
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)51.25%
Min EPS beat(2)30.86%
Max EPS beat(2)71.65%
EPS beat(4)4
Avg EPS beat(4)50.95%
Min EPS beat(4)30.86%
Max EPS beat(4)71.65%
EPS beat(8)8
Avg EPS beat(8)57.84%
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)6.86%
Min Revenue beat(2)3.37%
Max Revenue beat(2)10.35%
Revenue beat(4)4
Avg Revenue beat(4)7.85%
Min Revenue beat(4)2.25%
Max Revenue beat(4)15.43%
Revenue beat(8)7
Avg Revenue beat(8)7.1%
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)13.56%
PT rev (3m)13.8%
EPS NQ rev (1m)12.41%
EPS NQ rev (3m)13.02%
EPS NY rev (1m)0.86%
EPS NY rev (3m)1.15%
Revenue NQ rev (1m)10.47%
Revenue NQ rev (3m)10.65%
Revenue NY rev (1m)4.48%
Revenue NY rev (3m)4.16%
Valuation
Industry RankSector Rank
PE 13.98
Fwd PE 14.97
P/S 2.92
P/FCF 13.87
P/OCF 13.15
P/B 5.3
P/tB 7.17
EV/EBITDA 12.12
EPS(TTM)4.22
EY7.15%
EPS(NY)3.94
Fwd EY6.68%
FCF(TTM)4.25
FCFY7.21%
OCF(TTM)4.48
OCFY7.6%
SpS20.23
BVpS11.13
TBVpS8.23
PEG (NY)N/A
PEG (5Y)0.42
Profitability
Industry RankSector Rank
ROA 15.95%
ROE 31.27%
ROCE 29.67%
ROIC 23.95%
ROICexc 37.12%
ROICexgc 53.38%
OM 21.65%
PM (TTM) 17.21%
GM 34.09%
FCFM 21.01%
ROA(3y)9.4%
ROA(5y)9.46%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)22.64%
ROIC(5y)20.77%
ROICexc(3y)31.84%
ROICexc(5y)29.73%
ROICexgc(3y)44.36%
ROICexgc(5y)142.76%
ROCE(3y)28.05%
ROCE(5y)25.73%
ROICexcg growth 3Y35.26%
ROICexcg growth 5YN/A
ROICexc growth 3Y53.04%
ROICexc growth 5Y-4.83%
OM growth 3Y68.41%
OM growth 5Y11.18%
PM growth 3Y70.15%
PM growth 5Y11.25%
GM growth 3Y50.07%
GM growth 5Y13.4%
F-Score7
Asset Turnover0.93
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 253.01%
Cap/Sales 1.15%
Interest Coverage 250
Cash Conversion 100.27%
Profit Quality 122.14%
Current Ratio 2.09
Quick Ratio 1.89
Altman-Z 4.22
F-Score7
WACC9.01%
ROIC/WACC2.66
Cap/Depr(3y)158.16%
Cap/Depr(5y)109.04%
Cap/Sales(3y)0.53%
Cap/Sales(5y)0.45%
Profit Quality(3y)3133.81%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)38.36%
EPS 3Y41.03%
EPS 5Y32.95%
EPS Q2Q%34.38%
EPS Next Y-6.63%
EPS Next 2Y0.63%
EPS Next 3Y4.62%
EPS Next 5Y3.13%
Revenue 1Y (TTM)18.38%
Revenue growth 3Y26.62%
Revenue growth 5Y20.37%
Sales Q2Q%25.5%
Revenue Next Year15.88%
Revenue Next 2Y13.1%
Revenue Next 3Y12.46%
Revenue Next 5Y9.87%
EBIT growth 1Y9.11%
EBIT growth 3Y113.25%
EBIT growth 5Y33.82%
EBIT Next Year18.79%
EBIT Next 3Y14.31%
EBIT Next 5Y10.17%
FCF growth 1Y47.25%
FCF growth 3YN/A
FCF growth 5Y21.04%
OCF growth 1Y52.88%
OCF growth 3YN/A
OCF growth 5Y22.17%