NEXTRACKER INC-CL A (NXT) Stock Fundamental Analysis
NASDAQ:NXT - Nasdaq - US65290E1010 - Common Stock - Currency: USD
Overall NXT gets a fundamental rating of 7 out of 10. We evaluated NXT against 94 industry peers in the Electrical Equipment industry. NXT has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. NXT is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings would make NXT suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
In the past year NXT was profitable.
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.
1.2 Ratios
NXT has a Return On Assets of 15.95%. This is amongst the best in the industry. NXT outperforms 96.81% of its industry peers.
NXT has a better Return On Equity (31.27%) than 96.81% of its industry peers.
The Return On Invested Capital of NXT (23.95%) is better than 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 9.89%.
The 3 year average ROIC (22.64%) for NXT is below the current ROIC(23.95%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
The Profit Margin of NXT (17.21%) is better than 96.81% of its industry peers.
NXT's Profit Margin has improved in the last couple of years.
NXT has a better Operating Margin (21.65%) than 98.94% of its industry peers.
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 Rank | Sector 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%
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 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 4.40 indicates that NXT is not in any danger for bankruptcy at the moment.
The Altman-Z score of NXT (4.40) is better than 75.53% 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 | 4.4 |
ROIC/WACC2.68
WACC8.95%
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.
The Current ratio of NXT (2.09) is comparable to the rest of the industry.
NXT has a Quick Ratio of 1.89. This is a normal value and indicates that NXT is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of NXT (1.89) is better than 72.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.09 | ||
| Quick Ratio | 1.89 |
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.
The Earnings Per Share has been growing by 32.95% on average over the past years. This is a very strong growth
Looking at the last year, NXT shows a quite strong growth in Revenue. The Revenue has grown by 18.38% in the last year.
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.
The Revenue is expected to grow by 9.87% on average over the next years. This is quite good.
EPS Next Y-6.46%
EPS Next 2Y1.63%
EPS Next 3Y4.62%
EPS Next 5Y3.13%
Revenue Next Year15.91%
Revenue Next 2Y13.09%
Revenue Next 3Y12.47%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.62, NXT is valued correctly.
NXT's Price/Earnings ratio is rather cheap when compared to the industry. NXT is cheaper than 91.49% of the companies in the same industry.
NXT is valuated rather cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 15.63, the valuation of NXT can be described as correct.
82.98% of the companies in the same industry are more expensive than NXT, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, NXT is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.62 | ||
| Fwd PE | 15.63 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NXT is valued cheaply inside the industry as 86.17% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, NXT is valued cheaply inside the industry as 91.49% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.51 | ||
| EV/EBITDA | 12.83 |
4.3 Compensation for Growth
The excellent profitability rating of NXT may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.44
EPS Next 2Y1.63%
EPS Next 3Y4.62%
5. Dividend
5.1 Amount
No dividends for NXT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
61.7
-0.92 (-1.47%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners105.45%
Inst Owner Change0.05%
Ins Owners0.92%
Ins Owner Change33.08%
Market Cap9.02B
Analysts79.31
Price Target63.8 (3.4%)
Short Float %5.76%
Short Ratio3.33
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)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)13.74%
PT rev (3m)12.15%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.58%
EPS NY rev (1m)0.19%
EPS NY rev (3m)0.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)10.18%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)4.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.62 | ||
| Fwd PE | 15.63 | ||
| P/S | 3.05 | ||
| P/FCF | 14.51 | ||
| P/OCF | 13.76 | ||
| P/B | 5.54 | ||
| P/tB | 7.5 | ||
| EV/EBITDA | 12.83 |
EPS(TTM)4.22
EY6.84%
EPS(NY)3.95
Fwd EY6.4%
FCF(TTM)4.25
FCFY6.89%
OCF(TTM)4.48
OCFY7.27%
SpS20.23
BVpS11.13
TBVpS8.23
PEG (NY)N/A
PEG (5Y)0.44
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 4.4 |
F-Score7
WACC8.95%
ROIC/WACC2.68
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-6.46%
EPS Next 2Y1.63%
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 Year15.91%
Revenue Next 2Y13.09%
Revenue Next 3Y12.47%
Revenue Next 5Y9.87%
EBIT growth 1Y9.11%
EBIT growth 3Y113.25%
EBIT growth 5Y33.82%
EBIT Next Year18.79%
EBIT Next 3Y13.95%
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%