Nextracker Inc.

Industrials
Industrial Machinery/Components
www.nextracker.com

Earnings Score
Moat Score
Safety Score

Market Cap $6.14B
PE 11
Debt $145.33M
Cash $693.54M
EV $5.59B
FCF $503.81M

Earnings

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Sales & Net Margins

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Earnings	$557.54M
EBIT	$732.42M
ROE	39%
ROA	25%
FCF	$503.81M
Equity	$1.42B
Growth Stability	100%
PE	11.01
PEG	0.02
PB	4.31
P/FCF	12.18
P/S	2.21
Price/Cash	0.11
Debt/Equity	0.1
Debt/FCF	0.29
Net Margins	17%
Gross Margins	38%
Op. Margins	26%
Earnings CAGR	577%
Sales Growth YoY	-4%
Sales Growth QoQ	7%
Sales CAGR	37%
FCF CAGR	139%
Equity CAGR	35%
Earnings Stability	-0.49
Earnings Growth YoY	178%
Earnings Growth QoQ	-0%

Earnings CAGR 5Y	577%
Sales CAGR 5Y	37%
FCF CAGR 5Y	139%
Equity CAGR 5Y	35%
Earnings CAGR 3Y	39%
Sales CAGR 3Y	39%
FCF CAGR 3Y	188%
Equity CAGR 3Y	94%
Market Cap	$6.14B
Revenue	$2.77B
Assets	$2.98B
Total Debt	$145.33M
Cash	$693.54M
Shares Outstanding	143.1M
EV	5.59B
Earnings Score	6%
Moat Score	97%
Safety Score	98%
Final Score	67%
Working Capital	1.09B
Current Ratio	2.2
Gross Profit	$1.04B
Shares Growth 3y	31%
Equity Growth QoQ	11%
Equity Growth YoY	-146%

Assets & ROA

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Stockholders Equity & ROE

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Nextracker Inc., an energy solutions company, provides solar tracker solutions for PV projects. The company offers solar trackers, such as Bifacial PV modules for large-scale solar; NX Horizon for solar power plants; NX Gemini two-in-portrait solar tracker that optimizes lifetime value and performance of power plants for project developers and asset owners; and NX Horizon XTR, an all-terrain solar tracker. It also provides TrueCapture, an intelligent and self-adjusting tracker control system for PV power plants; and NX Navigator, an operational control and risk mitigation software. The company was incorporated in 2013 and is based in Fremont, California. Nextracker Inc. operates as a subsidiary of Flex Ltd.

SEC Filings

Direct access to Nextracker Inc. (NXT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Dec 31
- 10-Q Sep 27
- 10-Q Jun 28
- 10-K Mar 31
2023
- 10-Q Dec 31
- 10-Q Sep 29
- 10-Q Jun 30
- 10-K Mar 31
2022
- 10-Q Dec 31

Sector Comparison

How does Nextracker Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Nextracker Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 577%

Stability -49%

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Nextracker Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Nextracker Inc..

Years

Calculation mode

= $14T

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$504M	$1.2B	$2.9B	$6.9B	$16B	$39B	$94B	$226B	$539B	$1.3T	$3.1T	$31T
DCF		$1.1B	$2.4B	$5.2B	$11B	$24B	$53B	$116B	$252B	$547B	$1.2T	$12T
Value	$14T

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	03/2021	03/2022	03/2023	03/2024	TTM
Net Margins	0%	0%	0%	12%	17%
ROA	-	-	12%	24%	25%
ROE	-	-	-0%	31%	39%

Good Net Margins (17.32%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	03/2021	03/2022	03/2023	03/2024	TTM
Debt over FCF	-	-	1.44	0.36	0.29
Debt over Equity	-	-	-0.05	0.15	0.1
Growth Stability	-	-	-	100%	100%

Good Debt/FCF ratio (0.29)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.1)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	03/2021	03/2022	03/2023	03/2024	CAGR 5Y
Revenue YoY growth	-	22%	30%	31%	37%
Earnings YoY growth	-	-	-	27K%	577%
Equity YoY growth	-	-100%	-	-132%	35%
FCF YoY growth	-	-267%	-168%	305%	139%