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NEXTRACKER INC-CL A (NXT) Stock Fundamental Analysis

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

49.92  +1.32 (+2.72%)

Fundamental Rating

7

Taking everything into account, NXT scores 7 out of 10 in our fundamental rating. NXT was compared to 93 industry peers in the Electrical Equipment industry. NXT scores excellent points on both the profitability and health parts. This is a solid base for a good stock. NXT has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! With these ratings, NXT could be worth investigating further 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.
In the past year NXT had a positive cash flow from operations.
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 18.75%, NXT belongs to the top of the industry, outperforming 98.91% of the companies in the same industry.
NXT has a Return On Equity of 39.27%. This is amongst the best in the industry. NXT outperforms 98.91% of its industry peers.
NXT has a Return On Invested Capital of 26.48%. This is amongst the best in the industry. NXT outperforms 97.83% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NXT is significantly above the industry average of 10.19%.
The 3 year average ROIC (17.04%) for NXT is below the current ROIC(26.48%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 18.75%
ROE 39.27%
ROIC 26.48%
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 20.19%, NXT belongs to the best of the industry, outperforming 98.91% of the companies in the same industry.
In the last couple of years the Profit Margin of NXT has grown nicely.
With an excellent Operating Margin value of 25.91%, 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 Operating Margin of NXT has grown nicely.
The Gross Margin of NXT (37.66%) is better than 88.04% of its industry peers.
In the last couple of years the Gross Margin of NXT has grown nicely.
Industry RankSector Rank
OM 25.91%
PM (TTM) 20.19%
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

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.
Compared to 5 years ago, NXT has less shares outstanding
Compared to 1 year ago, NXT has an improved debt to assets ratio.
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

The Debt to FCF ratio of NXT is 0.29, which is an excellent value as it means it would take NXT, only 0.29 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.29, NXT belongs to the top of the industry, outperforming 94.57% of the companies in the same industry.
A Debt/Equity ratio of 0.10 indicates that NXT is not too dependend on debt financing.
NXT has a better Debt to Equity ratio (0.10) than 63.04% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 0.29
Altman-Z N/A
ROIC/WACC2.57
WACC10.32%
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.
NXT has a better Current ratio (2.20) than 63.04% of its industry peers.
NXT has a Quick Ratio of 1.96. This is a normal value and indicates that NXT is financially healthy and should not expect problems in meeting its short term obligations.
NXT has a better Quick ratio (1.96) than 78.26% 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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7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 57.49% over the past year.
The earnings per share for NXT have been decreasing by -11.33% on average. This is quite bad
The Revenue has grown by 21.46% in the past year. This is a very strong growth!
The Revenue has been growing by 30.49% on average over the past years. This is a very strong growth!
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

Based on estimates for the next years, NXT will show a small growth in Earnings Per Share. The EPS will grow by 5.78% on average per year.
NXT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.99% yearly.
EPS Next Y8.29%
EPS Next 2Y5.37%
EPS Next 3Y5.62%
EPS Next 5Y5.78%
Revenue Next Year15.8%
Revenue Next 2Y13.13%
Revenue Next 3Y12.15%
Revenue Next 5Y10.99%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
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 5B
NXT Yearly EPS VS EstimatesNXT Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1 2 3 4

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7

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 12.83, the valuation of NXT can be described as correct.
Based on the Price/Earnings ratio, NXT is valued cheaply inside the industry as 89.13% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 28.36, NXT is valued rather cheaply.
A Price/Forward Earnings ratio of 14.74 indicates a correct valuation of NXT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NXT indicates a rather cheap valuation: NXT is cheaper than 88.04% of the companies listed in the same industry.
NXT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 92.49.
Industry RankSector Rank
PE 12.83
Fwd PE 14.74
NXT Price Earnings VS Forward Price EarningsNXT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

91.30% of the companies in the same industry are more expensive than NXT, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, NXT is valued cheaper than 89.13% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.44
EV/EBITDA 8.97
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
NXT has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.55
PEG (5Y)N/A
EPS Next 2Y5.37%
EPS Next 3Y5.62%

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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 (2/4/2025, 2:42:01 PM)

49.92

+1.32 (+2.72%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)01-28 2025-01-28/amc
Earnings (Next)N/A N/A
Inst Owners103.43%
Inst Owner Change-0.75%
Ins Owners0.36%
Ins Owner Change0.28%
Market Cap7.27B
Analysts80.61
Price Target53.92 (8.01%)
Short Float %8.29%
Short Ratio4.57
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)-1.17%
PT rev (3m)-9.27%
EPS NQ rev (1m)1.26%
EPS NQ rev (3m)-29.88%
EPS NY rev (1m)0.16%
EPS NY rev (3m)4.08%
Revenue NQ rev (1m)-0.5%
Revenue NQ rev (3m)-15.63%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 12.83
Fwd PE 14.74
P/S 2.62
P/FCF 14.44
P/OCF 13.71
P/B 5.1
P/tB 7.22
EV/EBITDA 8.97
EPS(TTM)3.89
EY7.79%
EPS(NY)3.39
Fwd EY6.78%
FCF(TTM)3.46
FCFY6.93%
OCF(TTM)3.64
OCFY7.29%
SpS19.04
BVpS9.79
TBVpS6.92
PEG (NY)1.55
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 18.75%
ROE 39.27%
ROCE 34.53%
ROIC 26.48%
ROICexc 39.74%
ROICexgc 56.92%
OM 25.91%
PM (TTM) 20.19%
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 72.85%
Profit Quality 89.95%
Current Ratio 2.2
Quick Ratio 1.96
Altman-Z N/A
F-Score6
WACC10.32%
ROIC/WACC2.57
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 Y8.29%
EPS Next 2Y5.37%
EPS Next 3Y5.62%
EPS Next 5Y5.78%
Revenue 1Y (TTM)21.46%
Revenue growth 3Y27.87%
Revenue growth 5Y30.49%
Sales Q2Q%-4.37%
Revenue Next Year15.8%
Revenue Next 2Y13.13%
Revenue Next 3Y12.15%
Revenue Next 5Y10.99%
EBIT growth 1Y101.09%
EBIT growth 3Y54.72%
EBIT growth 5Y247%
EBIT Next Year31.77%
EBIT Next 3Y13.88%
EBIT Next 5Y10.31%
FCF growth 1Y1725.96%
FCF growth 3Y66.61%
FCF growth 5YN/A
OCF growth 1Y1608.94%
OCF growth 3Y65.71%
OCF growth 5YN/A