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NEXTRACKER INC-CL A (NXT) Stock Fundamental Analysis

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

41.87  +1.26 (+3.1%)

After market: 42.8 +0.93 (+2.22%)

Fundamental Rating

8

Overall NXT gets a fundamental rating of 8 out of 10. We evaluated NXT against 97 industry peers in the Electrical Equipment industry. Both the health and profitability get an excellent rating, making NXT a very profitable company, without any liquidiy or solvency issues. NXT has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! This makes NXT very considerable for value and 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.
In the past 5 years NXT has always been profitable.
NXT had a positive operating cash flow in 4 of the past 5 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

Looking at the Return On Assets, with a value of 18.69%, NXT belongs to the top of the industry, outperforming 98.97% of the companies in the same industry.
Looking at the Return On Equity, with a value of 39.64%, NXT belongs to the top of the industry, outperforming 98.97% of the companies in the same industry.
NXT's Return On Invested Capital of 26.41% is amongst the best of the industry. NXT outperforms 97.94% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NXT is significantly above the industry average of 9.63%.
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

With an excellent Profit Margin value of 20.12%, NXT belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of NXT has grown nicely.
The Operating Margin of NXT (25.83%) is better than 98.97% of its industry peers.
In the last couple of years the Operating Margin of NXT has grown nicely.
NXT's Gross Margin of 37.66% is amongst the best of the industry. NXT outperforms 85.57% 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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8

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.
Compared to 1 year ago, NXT has more shares outstanding
Compared to 5 years ago, NXT has less shares outstanding
NXT has a better debt/assets ratio than last year.
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

NXT has an Altman-Z score of 3.21. This indicates that NXT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of NXT (3.21) is better than 73.20% 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 94.85% of its industry peers.
A Debt/Equity ratio of 0.10 indicates that NXT is not too dependend on debt financing.
NXT's Debt to Equity ratio of 0.10 is fine compared to the rest of the industry. NXT outperforms 68.04% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 0.29
Altman-Z 3.21
ROIC/WACC3.03
WACC8.71%
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

NXT has a Current Ratio of 2.20. This indicates that NXT is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of NXT (2.20) is better than 64.95% of its industry peers.
A Quick Ratio of 1.96 indicates that NXT should not have too much problems paying its short term obligations.
The Quick ratio of NXT (1.96) is better than 76.29% 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. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 57.49% over the past year.
Measured over the past years, NXT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -11.33% on average per year.
NXT shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.46%.
Measured over the past years, NXT shows a very strong growth in Revenue. The Revenue has been growing by 30.49% on average per year.
EPS 1Y (TTM)57.49%
EPS 3Y-11.33%
EPS 5YN/A
EPS Q2Q%7.29%
Revenue 1Y (TTM)21.46%
Revenue growth 3Y27.87%
Revenue growth 5Y30.49%
Sales Q2Q%-4.37%

3.2 Future

NXT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.92% yearly.
The Revenue is expected to grow by 10.91% on average over the next years. This is quite good.
EPS Next Y27.72%
EPS Next 2Y13.18%
EPS Next 3Y10.57%
EPS Next 5Y7.92%
Revenue Next Year16.53%
Revenue Next 2Y13.75%
Revenue Next 3Y11.62%
Revenue Next 5Y10.91%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past 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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4. Valuation

4.1 Price/Earnings Ratio

NXT is valuated reasonably with a Price/Earnings ratio of 10.76.
NXT's Price/Earnings ratio is rather cheap when compared to the industry. NXT is cheaper than 89.69% of the companies in the same industry.
NXT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.75.
The Price/Forward Earnings ratio is 10.72, which indicates a very decent valuation of NXT.
Based on the Price/Forward Earnings ratio, NXT is valued cheaply inside the industry as 90.72% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.49, NXT is valued a bit cheaper.
Industry RankSector Rank
PE 10.76
Fwd PE 10.72
NXT Price Earnings VS Forward Price EarningsNXT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

NXT's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NXT is cheaper than 91.75% of the companies in the same industry.
86.60% of the companies in the same industry are more expensive than NXT, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.11
EV/EBITDA 7.65
NXT Per share dataNXT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

NXT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of NXT may justify a higher PE ratio.
PEG (NY)0.39
PEG (5Y)N/A
EPS Next 2Y13.18%
EPS Next 3Y10.57%

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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 (5/1/2025, 9:21:23 PM)

After market: 42.8 +0.93 (+2.22%)

41.87

+1.26 (+3.1%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)01-28 2025-01-28/amc
Earnings (Next)05-14 2025-05-14/amc
Inst Owners108.27%
Inst Owner Change0.23%
Ins Owners0.35%
Ins Owner Change1.65%
Market Cap6.10B
Analysts80.63
Price Target56.09 (33.96%)
Short Float %6.69%
Short Ratio4.91
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)0.21%
PT rev (3m)2.81%
EPS NQ rev (1m)0.98%
EPS NQ rev (3m)20.84%
EPS NY rev (1m)0.24%
EPS NY rev (3m)18.14%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)-1.75%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)0.63%
Valuation
Industry RankSector Rank
PE 10.76
Fwd PE 10.72
P/S 2.2
P/FCF 12.11
P/OCF 11.5
P/B 4.33
P/tB 6.17
EV/EBITDA 7.65
EPS(TTM)3.89
EY9.29%
EPS(NY)3.91
Fwd EY9.33%
FCF(TTM)3.46
FCFY8.25%
OCF(TTM)3.64
OCFY8.69%
SpS19.03
BVpS9.66
TBVpS6.79
PEG (NY)0.39
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 3.21
F-Score6
WACC8.71%
ROIC/WACC3.03
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)57.49%
EPS 3Y-11.33%
EPS 5YN/A
EPS Q2Q%7.29%
EPS Next Y27.72%
EPS Next 2Y13.18%
EPS Next 3Y10.57%
EPS Next 5Y7.92%
Revenue 1Y (TTM)21.46%
Revenue growth 3Y27.87%
Revenue growth 5Y30.49%
Sales Q2Q%-4.37%
Revenue Next Year16.53%
Revenue Next 2Y13.75%
Revenue Next 3Y11.62%
Revenue Next 5Y10.91%
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