NEXTRACKER INC-CL A (NXT) Stock Fundamental Analysis
USA - NASDAQ:NXT - US65290E1010 - Common Stock
66.7 USD
-0.8 (-1.19%)
66.5 USD
-0.2 (-0.3%)
We assign a fundamental rating of 7 out of 10 to NXT. NXT was compared to 92 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 showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! With these ratings, NXT could be worth investigating further for growth and quality investing!.
1. Profitability
1.1 Basic Checks
NXT had positive earnings in the past year.
In the past year NXT had a positive cash flow from operations.
Each year in the past 5 years NXT has been profitable.
NXT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
NXT has a Return On Assets of 16.07%. This is amongst the best in the industry. NXT outperforms 96.74% of its industry peers.
With an excellent Return On Equity value of 30.14%, NXT belongs to the best of the industry, outperforming 97.83% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 22.81%, NXT belongs to the top of the industry, outperforming 97.83% of the companies in the same industry.
NXT had an Average Return On Invested Capital over the past 3 years of 22.64%. This is significantly above the industry average of 9.86%.
The last Return On Invested Capital (22.81%) for NXT is above the 3 year average (22.64%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.07% | ||
| ROE | 30.14% | ||
| ROIC | 22.81% |
ROA(3y)9.4%
ROA(5y)9.46%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)22.64%
ROIC(5y)20.77%
1.3 Margins
NXT's Profit Margin of 17.55% is amongst the best of the industry. NXT outperforms 95.65% of its industry peers.
NXT's Profit Margin has improved in the last couple of years.
NXT has a better Operating Margin (21.47%) than 98.91% of its industry peers.
In the last couple of years the Operating Margin of NXT has grown nicely.
NXT has a better Gross Margin (33.93%) than 76.09% of its industry peers.
In the last couple of years the Gross Margin of NXT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.47% | ||
| PM (TTM) | 17.55% | ||
| GM | 33.93% |
OM growth 3Y68.41%
OM growth 5Y11.18%
PM growth 3Y70.15%
PM growth 5Y11.25%
GM growth 3Y50.07%
GM growth 5Y13.4%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NXT is creating value.
The number of shares outstanding for NXT has been increased compared to 1 year ago.
NXT has more shares outstanding than it did 5 years ago.
NXT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 4.74 indicates that NXT is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 4.74, NXT is doing good in the industry, outperforming 79.35% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 4.74 |
ROIC/WACC2.63
WACC8.67%
2.3 Liquidity
NXT has a Current Ratio of 2.16. This indicates that NXT is financially healthy and has no problem in meeting its short term obligations.
NXT has a better Current ratio (2.16) than 61.96% of its industry peers.
A Quick Ratio of 1.94 indicates that NXT should not have too much problems paying its short term obligations.
The Quick ratio of NXT (1.94) is better than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.16 | ||
| Quick Ratio | 1.94 |
3. Growth
3.1 Past
NXT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 27.14%, 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.
Looking at the last year, NXT shows a quite strong growth in Revenue. The Revenue has grown by 13.26% in the last year.
Measured over the past years, NXT shows a very strong growth in Revenue. The Revenue has been growing by 20.37% on average per year.
EPS 1Y (TTM)27.14%
EPS 3Y41.03%
EPS 5Y32.95%
EPS Q2Q%24.73%
Revenue 1Y (TTM)13.26%
Revenue growth 3Y26.62%
Revenue growth 5Y20.37%
Sales Q2Q%20.05%
3.2 Future
Based on estimates for the next years, NXT will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.20% on average per year.
Based on estimates for the next years, NXT will show a quite strong growth in Revenue. The Revenue will grow by 11.34% on average per year.
EPS Next Y-0.35%
EPS Next 2Y3.02%
EPS Next 3Y6.94%
EPS Next 5Y8.2%
Revenue Next Year17.85%
Revenue Next 2Y13.64%
Revenue Next 3Y13.51%
Revenue Next 5Y11.34%
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 decreasing.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.99, NXT is valued correctly.
NXT's Price/Earnings ratio is rather cheap when compared to the industry. NXT is cheaper than 89.13% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. NXT is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 14.89, NXT is valued correctly.
Based on the Price/Forward Earnings ratio, NXT is valued cheaper than 88.04% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.73, NXT is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.99 | ||
| Fwd PE | 14.89 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NXT is valued cheaper than 86.96% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NXT indicates a rather cheap valuation: NXT is cheaper than 89.13% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.19 | ||
| EV/EBITDA | 13.33 |
4.3 Compensation for Growth
The excellent profitability rating of NXT may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.45
EPS Next 2Y3.02%
EPS Next 3Y6.94%
5. Dividend
5.1 Amount
No dividends for NXT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
66.7
-0.8 (-1.19%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners106.11%
Inst Owner Change-2.68%
Ins Owners0.39%
Ins Owner Change37.53%
Market Cap9.87B
Analysts78.71
Price Target72.48 (8.67%)
Short Float %5.41%
Short Ratio3.03
Dividend
| Industry Rank | Sector 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)19.72%
Min EPS beat(2)8.58%
Max EPS beat(2)30.86%
EPS beat(4)4
Avg EPS beat(4)42.45%
Min EPS beat(4)8.58%
Max EPS beat(4)71.65%
EPS beat(8)8
Avg EPS beat(8)51.16%
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)5.5%
Min Revenue beat(2)0.65%
Max Revenue beat(2)10.35%
Revenue beat(4)4
Avg Revenue beat(4)4.15%
Min Revenue beat(4)0.65%
Max Revenue beat(4)10.35%
Revenue beat(8)8
Avg Revenue beat(8)7.26%
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)1.04%
PT rev (3m)13.79%
EPS NQ rev (1m)0.47%
EPS NQ rev (3m)0.13%
EPS NY rev (1m)6.54%
EPS NY rev (3m)6.72%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)1.52%
Revenue NY rev (3m)1.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.99 | ||
| Fwd PE | 14.89 | ||
| P/S | 3.18 | ||
| P/FCF | 17.19 | ||
| P/OCF | 16.01 | ||
| P/B | 5.46 | ||
| P/tB | 7.63 | ||
| EV/EBITDA | 13.33 |
EPS(TTM)4.45
EY6.67%
EPS(NY)4.48
Fwd EY6.72%
FCF(TTM)3.88
FCFY5.82%
OCF(TTM)4.17
OCFY6.24%
SpS20.98
BVpS12.21
TBVpS8.74
PEG (NY)N/A
PEG (5Y)0.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.07% | ||
| ROE | 30.14% | ||
| ROCE | 28.26% | ||
| ROIC | 22.81% | ||
| ROICexc | 33.31% | ||
| ROICexgc | 48.86% | ||
| OM | 21.47% | ||
| PM (TTM) | 17.55% | ||
| GM | 33.93% | ||
| FCFM | 18.49% |
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-Score6
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 231.66% | ||
| Cap/Sales | 1.36% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 90.02% | ||
| Profit Quality | 105.39% | ||
| Current Ratio | 2.16 | ||
| Quick Ratio | 1.94 | ||
| Altman-Z | 4.74 |
F-Score6
WACC8.67%
ROIC/WACC2.63
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)27.14%
EPS 3Y41.03%
EPS 5Y32.95%
EPS Q2Q%24.73%
EPS Next Y-0.35%
EPS Next 2Y3.02%
EPS Next 3Y6.94%
EPS Next 5Y8.2%
Revenue 1Y (TTM)13.26%
Revenue growth 3Y26.62%
Revenue growth 5Y20.37%
Sales Q2Q%20.05%
Revenue Next Year17.85%
Revenue Next 2Y13.64%
Revenue Next 3Y13.51%
Revenue Next 5Y11.34%
EBIT growth 1Y-1.26%
EBIT growth 3Y113.25%
EBIT growth 5Y33.82%
EBIT Next Year23.89%
EBIT Next 3Y16.18%
EBIT Next 5Y11.62%
FCF growth 1Y75.43%
FCF growth 3YN/A
FCF growth 5Y21.04%
OCF growth 1Y86.39%
OCF growth 3YN/A
OCF growth 5Y22.17%