Nextdc Ltd
NXT: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$86.00 | Ccgb | Xscbzpfm |
NextDC Reports Strong First Half of Fiscal 2022 and Is Executing on Its Plans for Expansion
NextDC’s fiscal first-half revenue and EBITDA came in higher than we anticipated, and significant margin expansion showcases the operating leverage we believe it has as it increases capacity and utilization in its data centres. The firm is on track with the near-term projects that should be completed over the next year and continues to successfully lease new space. With nothing to change our long-term thesis, we are maintaining our AUD 11 fair value estimate.