Nextracker Inc
NASDAQ:NXT

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Nextracker Inc Logo
Nextracker Inc
NASDAQ:NXT
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Price: 38.6 USD 3.21% Market Closed
Market Cap: 5.6B USD
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Intrinsic Value

The intrinsic value of one NXT stock under the Base Case scenario is 43.84 USD. Compared to the current market price of 38.6 USD, Nextracker Inc is Undervalued by 12%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

NXT Intrinsic Value
43.84 USD
Undervaluation 12%
Intrinsic Value
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Base Case
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Nextracker Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
Nextracker Inc

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Financials
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Balance Sheet Decomposition
Nextracker Inc

Current Assets 1.8B
Cash & Short-Term Investments 561.9m
Receivables 717.6m
Other Current Assets 505.3m
Non-Current Assets 983.9m
PP&E 47.2m
Intangibles 419.9m
Other Non-Current Assets 516.9m
Current Liabilities 806.3m
Accounts Payable 406.5m
Accrued Liabilities 77.1m
Other Current Liabilities 322.6m
Non-Current Liabilities 696.4m
Long-Term Debt 140.5m
Other Non-Current Liabilities 555.9m
Efficiency

Earnings Waterfall
Nextracker Inc

Revenue
2.8B USD
Cost of Revenue
-1.8B USD
Gross Profit
1B USD
Operating Expenses
-297.7m USD
Operating Income
714.7m USD
Other Expenses
-229.1m USD
Net Income
485.6m USD

Free Cash Flow Analysis
Nextracker Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Nextracker achieved a remarkable 29% increase in revenue for the first half of fiscal '25, marking seven consecutive quarters of double-digit growth. The company's backlog reached a record $4.5 billion, with 90% expected to be recognized over the next eight quarters. Nextracker is raising its profit target by $20 million to $645 million, reflecting strong demand for its innovative solar tracking products. The firm anticipates continued growth in fiscal '26, fueled by both legacy and new offerings. The advantages of its 100% domestically manufactured tracker further enhance competitiveness in the market.

What is Earnings Call?
Fundamental Scores

NXT Profitability Score
Profitability Due Diligence

Nextracker Inc's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

Exceptional ROIC
Positive 3-Year Average ROIC
Positive Free Cash Flow
Exceptional 1-Year Revenue Growth
51/100
Profitability
Score

Nextracker Inc's profitability score is 51/100. The higher the profitability score, the more profitable the company is.

NXT Solvency Score
Solvency Due Diligence

Nextracker Inc's solvency score is 69/100. The higher the solvency score, the more solvent the company is.

Negative Net Debt
Low D/E
Short-Term Solvency
Long-Term Solvency
69/100
Solvency
Score

Nextracker Inc's solvency score is 69/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

NXT Price Targets Summary
Nextracker Inc

Wall Street analysts forecast NXT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NXT is 56.07 USD with a low forecast of 37.58 USD and a high forecast of 73.5 USD.

Lowest
Price Target
37.58 USD
3% Downside
Average
Price Target
56.07 USD
45% Upside
Highest
Price Target
73.5 USD
90% Upside
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Dividends

Nextracker Inc
does not pay dividends
Shareholder Yield

Current shareholder yield for NXT is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

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Ownership

NXT Insider Trading
Buy and sell transactions by insiders

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Profile

Nextracker Inc Logo
Nextracker Inc

Country

United States of America

Industry

Electrical Equipment

Market Cap

5.6B USD

Dividend Yield

0%

Description

Nextracker, a Flex company, provides intelligent solar tracker solutions for utility-scale and distributed generation projects that transform PV plant performance with advanced data monitoring and control software and global services. The company is headquartered in Fremont, California. The company went IPO on 2023-02-09. Its products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. The company has operations in the United States, Mexico, Chile, Spain, India, Australia, the Middle East and Brazil. Its products include NX Horizon, NX Horizon-XTR, NX Gemini, TrueCapture, and NX Navigator. Its solutions include Bifacial PV modules, Large Format Modules, and First Solar Series 6 (FSLR6) Modules. NX Horizon is a one-in-portrait (1P) smart solar tracker system that delivers the lowest levelized cost of energy (LCOE). NX Gemini is its two-in-portrait (2P) format tracker which holds two rows of solar panels along the central support beam. TrueCapture is its flagship software offering, which is a self-adjusting tracker control system that uses machine learning to enhance solar power plant energy yield.

Contact

CALIFORNIA
Fremont
6200 Paseo Padre Pkwy
+15102702500
www.nextracker.com

IPO

2023-02-09

Employees

-

Officers

Co-Founder, CEO & Director
Mr. Daniel S. Shugar
Director & President
Mr. Howard J. Wenger
Co-Founder & COO
Mr. Nicholas Miller
Chief Financial Officer
Mr. Charles D. Boynton
Chief Accounting Officer
Mr. David P. Bennett
President of Strategy, Software & Administration
Mr. Bruce R. Ledesma
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Co-Founder & Chief Commercial Officer
Mr. Marco Garcia
Co-Founder & CTO
Mr. Alex Au
Co-Founder & Chief Strategy Officer
Mr. Mike Mehawich
Vice President of IR & Financial Communications
Ms. Mary Lai
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See Also

Discover More
What is the Intrinsic Value of one NXT stock?

The intrinsic value of one NXT stock under the Base Case scenario is 43.84 USD.

Is NXT stock undervalued or overvalued?

Compared to the current market price of 38.6 USD, Nextracker Inc is Undervalued by 12%.

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