Stock NXT NEXTRACKER INC.
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Financials Nextracker Inc.

Equities

NXT

US65290E1010

Renewable Energy Equipment & Services

Real-time Estimate Cboe BZX
Other stock markets
 02:31:34 2024-05-20 pm EDT 		5-day change 1st Jan Change
43.92 USD -0.63% Intraday chart for Nextracker Inc. +1.46% -6.72%
May. 15 Fox Advisors Upgrades Nextracker to Outperform From Equal Weight, $60 Price Target MT
May. 15 BMO Capital Adjusts Price Target on Nextracker to $56 From $62, Maintains Market Perform Rating MT

Valuation

Fiscal Period: March 2023 2024 2025 2026
Capitalization 1 1,663 6,035 - -
Enterprise Value (EV) 1 1,680 7,683 5,335 4,900
P/E ratio 4,625 x 16.7 x 16.4 x 14 x
Yield - - - -
Capitalization / Revenue 0.87 x 3.07 x 2.1 x 1.87 x
EV / Revenue 0.88 x 3.07 x 1.86 x 1.52 x
EV / EBITDA 8.04 x 14.7 x 8.8 x 7.1 x
EV / FCF 16.1 x 15.1 x 13.9 x 10.3 x
FCF Yield 6.22% 6.61% 7.2% 9.74%
Price to Book 10.8 x 7.21 x 4.43 x 3.31 x
Nbr of stocks (in thousands) 45,869 136,542 - -
Reference price 2 36.26 44.20 44.20 44.20
Announcement Date 5/10/23 5/14/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2022 2023 2024 2025 2026
Net sales 1 1,458 1,902 2,500 2,873 3,224
EBITDA 1 - 209 521.5 606.6 690.3
EBIT 1 - 168.5 522.8 572.5 638
Operating Margin - 8.86% 20.91% 19.93% 19.79%
Earnings before Tax (EBT) 1 - 169.1 608 523 600
Net income 1 50.91 1.143 306.2 398.6 462.8
Net margin 3.49% 0.06% 12.25% 13.87% 14.36%
EPS 2 - 0.007840 3.370 2.701 3.156
Free Cash Flow 1 - 104.5 376.1 384.1 477.3
FCF margin - 5.49% 15.35% 13.37% 14.81%
FCF Conversion (EBITDA) - 50% 76.07% 63.33% 69.14%
FCF Conversion (Net income) - 9,141.38% 110.08% 96.38% 103.12%
Dividend per Share 2 - - - - -
Announcement Date 9/23/22 5/10/23 5/14/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 513.4 518.4 479.5 573.4 710.4 736.5 617.8 692.2 775.9 787.9
EBITDA 1 62.7 72.51 83.67 110.2 167.8 159.6 128.4 148.2 171 171.7
EBIT 1 59.66 40.58 82.4 112.4 161.6 166.2 119.1 138.8 166.5 166.6
Operating Margin 11.62% 7.83% 17.18% 19.6% 22.74% 22.57% 19.28% 20.05% 21.45% 21.15%
Earnings before Tax (EBT) 1 61.03 40.06 72.75 85.41 166.8 283.1 104.7 120.5 143 145.4
Net income 1 42.59 1.143 20.43 39.25 41.4 205.2 80.8 94.1 111.9 116.3
Net margin 8.3% 0.22% 4.26% 6.85% 5.83% 27.86% 13.08% 13.59% 14.42% 14.76%
EPS 2 - 0.007840 0.4300 0.5500 0.8700 1.510 0.5104 0.6200 0.7509 0.7927
Dividend per Share 2 - - - - - - - - - -
Announcement Date 3/9/23 5/10/23 7/26/23 10/25/23 1/31/24 5/14/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2022 2023 2024 2025 2026
Net Debt 1 - 17.1 - - -
Net Cash position 1 - - 343 700 1,135
Leverage (Debt/EBITDA) - 0.082 x - - -
Free Cash Flow 1 - 104 376 384 477
ROE (net income / shareholders' equity) - 30.8% 52% 34.3% 28.1%
ROA (Net income/ Total Assets) - 2.7% 21.4% 17.4% 16.8%
Assets 1 - 42.33 1,599 2,289 2,754
Book Value Per Share 2 - 3.370 6.130 9.970 13.40
Cash Flow per Share 2 - 0.7400 2.530 3.460 3.690
Capex 1 - 3.18 5.6 8.2 7.95
Capex / Sales - 0.17% 0.23% 0.29% 0.25%
Announcement Date 9/23/22 5/10/23 5/14/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Nextracker Inc.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
28
Last Close Price
44.2 USD
Average target price
61.33 USD
Spread / Average Target
+38.76%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Photovoltaic Solar Systems & Equipment

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Photovoltaic Solar Systems & Equipment
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