XERO LIMITED |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 133.5 AUD | -0.40% |
|
+6.60% | +18.91% |
| May. 27 | Wilsons Downgrades Xero to Market-weight From Overweight; Price Target is AU$131.63 | MT |
| May. 24 | RBC Capital Markets Upgrades Xero to Outperform From Sector Perform, Price Target is AU$155 | MT |
Valuation
| Fiscal Period: März | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,899 | 20,146 | 16,527 | 14,338 | 22,049 | 22,012 | - | - |
| Enterprise Value (EV) 1 | 9,787 | 19,889 | 16,475 | 14,240 | 22,049 | 21,242 | 20,851 | 20,361 |
| P/E ratio | 3,501 x | 983 x | -1,849 x | -126 x | 127 x | 82.6 x | 61.9 x | 45.9 x |
| Yield | - | - | - | - | - | 0.03% | 0.24% | 0.38% |
| Capitalization / Revenue | 13.8 x | 23.7 x | 15.1 x | 10.2 x | 12.9 x | 10.6 x | 9.08 x | 7.86 x |
| EV / Revenue | 13.6 x | 23.4 x | 15 x | 10.2 x | 12.9 x | 10.2 x | 8.6 x | 7.27 x |
| EV / EBITDA | 70.3 x | 104 x | 77.5 x | 47.2 x | 41.9 x | 34.5 x | 26.4 x | 20.4 x |
| EV / FCF | 361 x | 291 x | 7,948 x | 139 x | - | 54.6 x | 47.1 x | 36.8 x |
| FCF Yield | 0.28% | 0.34% | 0.01% | 0.72% | - | 1.83% | 2.12% | 2.72% |
| Price to Book | 23.5 x | 27.1 x | 16 x | 13.7 x | - | 13 x | 10 x | 8.69 x |
| Nbr of stocks (in thousands) | 141,375 | 146,413 | 148,934 | 150,173 | 151,707 | 152,296 | - | - |
| Reference price 2 | 70.02 | 137.6 | 111.0 | 95.48 | 145.3 | 144.5 | 144.5 | 144.5 |
| Announcement Date | 5/13/20 | 5/12/21 | 5/11/22 | 5/17/23 | 5/22/24 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 718.2 | 848.8 | 1,097 | 1,400 | 1,714 | 2,073 | 2,423 | 2,801 |
| EBITDA 1 | 139.2 | 191.2 | 212.7 | 301.7 | 526.5 | 616 | 791.3 | 998.4 |
| EBIT 1 | 34.11 | 61.69 | 66.67 | -59.8 | 239.6 | 327.2 | 461.3 | 636.6 |
| Operating Margin | 4.75% | 7.27% | 6.08% | -4.27% | 13.98% | 15.78% | 19.04% | 22.73% |
| Earnings before Tax (EBT) 1 | 9.837 | -43.94 | 2.363 | -75.68 | 261.9 | 365.7 | 500.5 | 659.8 |
| Net income 1 | 3.336 | 19.77 | -9.114 | -113.5 | 174.6 | 272.7 | 366.6 | 482 |
| Net margin | 0.46% | 2.33% | -0.83% | -8.11% | 10.19% | 13.15% | 15.13% | 17.21% |
| EPS 2 | 0.0200 | 0.1400 | -0.0600 | -0.7600 | 1.140 | 1.750 | 2.336 | 3.149 |
| Free Cash Flow 1 | 27.1 | 68.27 | 2.073 | 102.3 | - | 389.1 | 442.3 | 553.4 |
| FCF margin | 3.77% | 8.04% | 0.19% | 7.31% | - | 18.76% | 18.25% | 19.76% |
| FCF Conversion (EBITDA) | 19.47% | 35.7% | 0.97% | 33.91% | - | 63.16% | 55.89% | 55.43% |
| FCF Conversion (Net income) | 812.35% | 345.25% | - | - | - | 142.66% | 120.63% | 114.8% |
| Dividend per Share 2 | - | - | - | - | - | 0.0462 | 0.3404 | 0.5519 |
| Announcement Date | 5/13/20 | 5/12/21 | 5/11/22 | 5/17/23 | 5/22/24 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 379.6 | 409.8 | 438.9 | 505.7 | 591.1 | 658.5 | 741.4 | 799.5 | 914.2 | 999 | 1,084 |
| EBITDA | 73.25 | 120.8 | 70.46 | 98.08 | 114.6 | 108.6 | - | 206.1 | 322 | - | - |
| EBIT | 18.3 | 59.69 | 1.998 | 19.82 | 46.85 | 32.91 | -92.71 | 77.82 | 160.1 | - | - |
| Operating Margin | 4.82% | 14.56% | 0.46% | 3.92% | 7.93% | 5% | -12.5% | 9.73% | 17.51% | - | - |
| Earnings before Tax (EBT) | 6.04 | 44.5 | -88.44 | -3.437 | - | - | - | - | 175 | - | - |
| Net income | 2 | 34.49 | -14.71 | -5.922 | -3.192 | - | - | 54.08 | 120.6 | - | - |
| Net margin | 0.53% | 8.41% | -3.35% | -1.17% | -0.54% | - | - | 6.76% | 13.19% | - | - |
| EPS | - | 0.2400 | -0.1000 | -0.0400 | -0.0200 | -0.1100 | - | 0.3500 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 5/13/20 | 11/11/20 | 5/12/21 | 11/10/21 | 5/11/22 | 11/9/22 | 5/17/23 | 11/8/23 | 5/22/24 | - | - |
1NZD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 111 | 257 | 51.2 | 97.4 | - | 770 | 1,161 | 1,651 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 27.1 | 68.3 | 2.07 | 102 | - | 389 | 442 | 553 |
| ROE (net income / shareholders' equity) | 1.23% | 3.39% | 1.75% | -10.9% | - | 17.8% | 18.8% | 20.7% |
| ROA (Net income/ Total Assets) | 0.45% | 1.24% | 0.71% | -4.7% | - | 8.23% | 9.95% | 12.5% |
| Assets 1 | 743.8 | 1,589 | -1,277 | 2,417 | - | 3,315 | 3,686 | 3,842 |
| Book Value Per Share 2 | 2.980 | 5.080 | 6.920 | 6.980 | - | 11.10 | 14.40 | 16.60 |
| Cash Flow per Share 2 | 1.110 | 1.580 | 1.600 | 2.280 | - | 4.280 | 4.650 | 5.560 |
| Capex 1 | 140 | 150 | 222 | 286 | - | 312 | 340 | 370 |
| Capex / Sales | 19.43% | 17.72% | 20.21% | 20.42% | - | 15.05% | 14.03% | 13.21% |
| Announcement Date | 5/13/20 | 5/12/21 | 5/11/22 | 5/17/23 | 5/22/24 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
144.5
NZD
Average target price
160.3
NZD
Spread / Average Target
+10.90%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +18.91% | 13.59B | |
| -19.81% | 213B | |
| -21.96% | 58.61B | |
| -2.23% | 58.3B | |
| -13.57% | 45.97B | |
| +0.60% | 41.34B | |
| -3.48% | 36.11B | |
| -9.59% | 28.91B | |
| +108.86% | 27.03B | |
| +2.63% | 21.91B |
- Stock Market
- Equities
- XRO Stock
- Financials Xero Limited
