Financials NextEd Group Limited

Equities

NXD

AU0000258865

Professional & Business Education

Market Closed - Australian S.E. Other stock markets 07:10:38 17/05/2024 BST			5-day change	1st Jan Change
0.275 ^AUD	+12.24%		-1.79%	-62.33%

02-25	NextEd Group Limited Reports Earnings Results for the Half Year Ended December 31, 2023	CI
2023	NextEd Group Limited authorizes a Buyback Plan.	CI

Valuation

Fiscal Period: Juni	2021	2022	2023	2024	2025	2026
Capitalization ¹	69.79	142.4	331.3	60.26	-	-
Enterprise Value (EV) ¹	69.79	115.7	301	46.54	45.27	41.46
P/E ratio	222 x	-13.8 x	93.8 x	-19.5 x	-29.5 x	208 x
Yield	-	-	-	9.09%	18.2%	18.2%
Capitalization / Revenue	-	3.04 x	3.24 x	0.54 x	0.52 x	0.46 x
EV / Revenue	-	2.47 x	2.94 x	0.42 x	0.39 x	0.32 x
EV / EBITDA	-	32.3 x	18.1 x	3.43 x	2.65 x	1.83 x
EV / FCF	-	14 x	15.8 x	-2.04 x	9.84 x	3.67 x
FCF Yield	-	7.15%	6.32%	-49%	10.2%	27.3%
Price to Book	-	2.31 x	-	-	-	-
Nbr of stocks (in thousands)	116,313	219,077	219,377	219,116	-	-
Reference price ²	0.6000	0.6500	1.510	0.2750	0.2750	0.2750
Announcement Date	12/08/21	28/08/22	27/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni	2021	2022	2023	2024	2025	2026
Net sales ¹	-	46.82	102.2	112	115.3	130
EBITDA ¹	-	3.585	16.67	13.56	17.1	22.68
EBIT ¹	-	-0.502	4.688	-0.79	2.32	7.215
Operating Margin	-	-1.07%	4.59%	-0.71%	2.01%	5.55%
Earnings before Tax (EBT) ¹	-	-	2.916	-3.6	0.3	6.5
Net income ¹	0.3173	-8.695	3.608	-3.215	-0.665	3.715
Net margin	-	-18.57%	3.53%	-2.87%	-0.58%	2.86%
EPS ²	0.002700	-0.0470	0.0161	-0.0141	-0.009330	0.001320
Free Cash Flow ¹	-	8.273	19.03	-22.8	4.6	11.3
FCF margin	-	17.67%	18.62%	-20.36%	3.99%	8.69%
FCF Conversion (EBITDA)	-	230.77%	114.15%	-	26.89%	49.82%
FCF Conversion (Net income)	-	-	527.55%	-	-	304.17%
Dividend per Share ²	-	-	-	0.0250	0.0500	0.0500
Announcement Date	12/08/21	28/08/22	27/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juni	2023 S1	2023 S2	2024 S1	2024 S2
Net sales ¹	43.57	58.65	59.2	53.5
EBITDA ¹	6.648	10.03	8.264	5.7
EBIT ¹	1.017	-	-	0.1
Operating Margin	2.33%	-	-	0.19%
Earnings before Tax (EBT) ¹	0.102	2.814	-	-3
Net income	0.466	3.142	-	-
Net margin	1.07%	5.36%	-	-
EPS	-	0.0140	-	-
Dividend per Share	-	-	-	-
Announcement Date	26/02/23	27/08/23	25/02/24	-

¹AUD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: Juni	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	-	26.7	30.3	13.7	15	18.8
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-	8.27	19	-22.8	4.6	11.3
ROE (net income / shareholders' equity)	-	-27.4%	5.68%	-4.75%	-1.25%	5.75%
ROA (Net income/ Total Assets)	-	-	2.35%	-0.3%	2%	5.6%
Assets ¹	-	-	153.4	1,072	-33.25	66.34
Book Value Per Share	-	0.2800	-	-	-	-
Cash Flow per Share ²	-	0.0600	0.1200	0.0100	0.0700	0.0800
Capex ¹	-	2.93	6.15	12.5	3.85	4.25
Capex / Sales	-	6.25%	6.01%	11.12%	3.34%	3.27%
Announcement Date	12/08/21	28/08/22	27/08/23	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for NextEd Group Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.275 AUD

Average target price

0.775 AUD

Spread / Average Target

+181.82%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Professional & Business Education

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AFYA LIMITED	-11.58%	1.71B
SHANGHAI ACTION EDUCATION TECHNOLOGY CO.,LTD.	+33.57%	842M
PORTER HOLDING INTERNATIONAL, INC.	-.--%	813M
UNIVERSAL TECHNICAL INSTITUTE, INC.	+19.65%	806M
NIIT LEARNING SYSTEMS LIMITED	+6.73%	761M
CHINA EAST EDUCATION HOLDINGS LIMITED	+0.75%	754M

Professional & Business Education