NEXTRACKER INC-CL A (NXT) Stock Fundamental Analysis
USA - NASDAQ:NXT - US65290E1010 - Common Stock
93.12 USD
+6.17 (+7.1%)
93.5 USD
+0.38 (+0.41%)
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 is not priced too expensively while it is growing strongly. 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.
NXT had a positive operating cash flow in the past year.
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 96.77% of its industry peers.
The Return On Equity of NXT (30.14%) is better than 97.85% of its industry peers.
NXT has a better Return On Invested Capital (22.81%) than 97.85% of its industry peers.
NXT had an Average Return On Invested Capital over the past 3 years of 22.64%. This is significantly above the industry average of 10.15%.
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
Looking at the Profit Margin, with a value of 17.55%, NXT belongs to the top of the industry, outperforming 94.62% of the companies in the same industry.
NXT's Profit Margin has improved in the last couple of years.
NXT's Operating Margin of 21.47% is amongst the best of the industry. NXT outperforms 98.92% of its industry peers.
NXT's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 33.93%, NXT is doing good in the industry, outperforming 77.42% of the companies in the same industry.
NXT's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NXT is creating value.
The number of shares outstanding for NXT has been increased compared to 1 year ago.
Compared to 5 years ago, NXT has more shares outstanding
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 5.87 indicates that NXT is not in any danger for bankruptcy at the moment.
NXT has a Altman-Z score of 5.87. This is amongst the best in the industry. NXT outperforms 80.65% of its industry peers.
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 | 5.87 |
ROIC/WACC2.64
WACC8.65%
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.
The Current ratio of NXT (2.16) is better than 63.44% of its industry peers.
A Quick Ratio of 1.94 indicates that NXT should not have too much problems paying its short term obligations.
NXT's Quick ratio of 1.94 is fine compared to the rest of the industry. NXT outperforms 75.27% 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.
The Revenue has grown by 13.26% in the past year. This is quite good.
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
The Earnings Per Share is expected to grow by 7.36% 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 11.57% yearly.
EPS Next Y-0.21%
EPS Next 2Y3.01%
EPS Next 3Y7.17%
EPS Next 5Y7.36%
Revenue Next Year17.92%
Revenue Next 2Y13.79%
Revenue Next 3Y13.96%
Revenue Next 5Y11.57%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 20.93, NXT is valued on the expensive side.
Based on the Price/Earnings ratio, NXT is valued cheaper than 87.10% of the companies in the same industry.
NXT is valuated rather cheaply when we compare the Price/Earnings ratio to 27.55, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 20.79 indicates a rather expensive valuation of NXT.
NXT's Price/Forward Earnings ratio is rather cheap when compared to the industry. NXT is cheaper than 86.02% of the companies in the same industry.
NXT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.93 | ||
| Fwd PE | 20.79 |
4.2 Price Multiples
79.57% 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 87.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24 | ||
| EV/EBITDA | 17.71 |
4.3 Compensation for Growth
The excellent profitability rating of NXT may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.63
EPS Next 2Y3.01%
EPS Next 3Y7.17%
5. Dividend
5.1 Amount
NXT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
93.12
+6.17 (+7.1%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners103.55%
Inst Owner Change0.23%
Ins Owners0.46%
Ins Owner Change32.79%
Market Cap13.78B
Analysts78.75
Price Target73.16 (-21.43%)
Short Float %5.93%
Short Ratio3.79
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)0.94%
PT rev (3m)14.68%
EPS NQ rev (1m)0.38%
EPS NQ rev (3m)1.21%
EPS NY rev (1m)0.15%
EPS NY rev (3m)6.69%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)0.36%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)1.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.93 | ||
| Fwd PE | 20.79 | ||
| P/S | 4.44 | ||
| P/FCF | 24 | ||
| P/OCF | 22.36 | ||
| P/B | 7.62 | ||
| P/tB | 10.65 | ||
| EV/EBITDA | 17.71 |
EPS(TTM)4.45
EY4.78%
EPS(NY)4.48
Fwd EY4.81%
FCF(TTM)3.88
FCFY4.17%
OCF(TTM)4.17
OCFY4.47%
SpS20.98
BVpS12.21
TBVpS8.74
PEG (NY)N/A
PEG (5Y)0.63
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 | 5.87 |
F-Score6
WACC8.65%
ROIC/WACC2.64
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-0.21%
EPS Next 2Y3.01%
EPS Next 3Y7.17%
EPS Next 5Y7.36%
Revenue 1Y (TTM)13.26%
Revenue growth 3Y26.62%
Revenue growth 5Y20.37%
Sales Q2Q%20.05%
Revenue Next Year17.92%
Revenue Next 2Y13.79%
Revenue Next 3Y13.96%
Revenue Next 5Y11.57%
EBIT growth 1Y-1.26%
EBIT growth 3Y113.25%
EBIT growth 5Y33.82%
EBIT Next Year24%
EBIT Next 3Y16.91%
EBIT Next 5Y12.29%
FCF growth 1Y75.43%
FCF growth 3YN/A
FCF growth 5Y21.04%
OCF growth 1Y86.39%
OCF growth 3YN/A
OCF growth 5Y22.17%