XERO LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 125.2 AUD | +1.29% |
|
+4.52% | +11.50% |
| May. 03 | Mining and tech stocks lift Australia shares; RBA meeting on tap | RE |
| Apr. 16 | Australian shares follow Wall Street lower, commodity stocks top drag | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,097 | 9,899 | 20,146 | 16,527 | 14,338 | 20,957 | - | - |
| Enterprise Value (EV) 1 | 6,997 | 9,787 | 19,889 | 16,475 | 14,240 | 20,690 | 20,280 | 20,067 |
| P/E ratio | -267 x | 3,501 x | 983 x | -1,849 x | -126 x | 138 x | 84.5 x | 61.3 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 12.8 x | 13.8 x | 23.7 x | 15.1 x | 10.2 x | 12.3 x | 10.4 x | 8.98 x |
| EV / Revenue | 12.7 x | 13.6 x | 23.4 x | 15 x | 10.2 x | 12.2 x | 10.1 x | 8.6 x |
| EV / EBITDA | 76.2 x | 70.3 x | 104 x | 77.5 x | 47.2 x | 43.9 x | 33.2 x | 25.7 x |
| EV / FCF | -267 x | 361 x | 291 x | 7,948 x | 139 x | 93.1 x | 67.6 x | 56.6 x |
| FCF Yield | -0.38% | 0.28% | 0.34% | 0.01% | 0.72% | 1.07% | 1.48% | 1.77% |
| Price to Book | 20.1 x | 23.5 x | 27.1 x | 16 x | 13.7 x | 16.3 x | 13.3 x | 10.3 x |
| Nbr of stocks (in thousands) | 139,934 | 141,375 | 146,413 | 148,934 | 150,173 | 152,296 | - | - |
| Reference price 2 | 50.72 | 70.02 | 137.6 | 111.0 | 95.48 | 137.6 | 137.6 | 137.6 |
| Announcement Date | 5/15/19 | 5/13/20 | 5/12/21 | 5/11/22 | 5/17/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 552.8 | 718.2 | 848.8 | 1,097 | 1,400 | 1,697 | 2,008 | 2,334 |
| EBITDA 1 | 91.78 | 139.2 | 191.2 | 212.7 | 301.7 | 471.5 | 611.5 | 782.3 |
| EBIT 1 | 9.927 | 34.11 | 61.69 | 66.67 | -59.8 | 219.7 | 335.9 | 482.8 |
| Operating Margin | 1.8% | 4.75% | 7.27% | 6.08% | -4.27% | 12.94% | 16.72% | 20.68% |
| Earnings before Tax (EBT) 1 | -23.14 | 9.837 | -43.94 | 2.363 | -75.68 | 234.5 | 356.6 | 515.2 |
| Net income 1 | -27.14 | 3.336 | 19.77 | -9.114 | -113.5 | 154.4 | 255 | 359.4 |
| Net margin | -4.91% | 0.46% | 2.33% | -0.83% | -8.11% | 9.1% | 12.7% | 15.4% |
| EPS 2 | -0.1900 | 0.0200 | 0.1400 | -0.0600 | -0.7600 | 0.9946 | 1.629 | 2.244 |
| Free Cash Flow 1 | -26.24 | 27.1 | 68.27 | 2.073 | 102.3 | 222.2 | 300.2 | 354.4 |
| FCF margin | -4.75% | 3.77% | 8.04% | 0.19% | 7.31% | 13.09% | 14.95% | 15.18% |
| FCF Conversion (EBITDA) | - | 19.47% | 35.7% | 0.97% | 33.91% | 47.13% | 49.1% | 45.3% |
| FCF Conversion (Net income) | - | 812.35% | 345.25% | - | - | 143.9% | 117.74% | 98.6% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 5/15/19 | 5/13/20 | 5/12/21 | 5/11/22 | 5/17/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 379.6 | 409.8 | 438.9 | 505.7 | 591.1 | 658.5 | 741.4 | 799.5 | 902.1 | 969 | 1,084 |
| EBITDA 1 | - | 73.25 | 120.8 | 70.46 | 98.08 | 114.6 | 108.6 | - | 206.1 | 280 | - | - |
| EBIT 1 | - | 18.3 | 59.69 | 1.998 | 19.82 | 46.85 | 32.91 | -92.71 | 77.82 | 150.8 | - | - |
| Operating Margin | - | 4.82% | 14.56% | 0.46% | 3.92% | 7.93% | 5% | -12.5% | 9.73% | 16.72% | - | - |
| Earnings before Tax (EBT) | - | 6.04 | 44.5 | -88.44 | -3.437 | - | - | - | - | - | - | - |
| Net income | - | 2 | 34.49 | -14.71 | -5.922 | -3.192 | - | - | 54.08 | - | - | - |
| Net margin | - | 0.53% | 8.41% | -3.35% | -1.17% | -0.54% | - | - | 6.76% | - | - | - |
| EPS | 0.0100 | - | 0.2400 | -0.1000 | -0.0400 | -0.0200 | -0.1100 | - | 0.3500 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/6/19 | 5/13/20 | 11/11/20 | 5/12/21 | 11/10/21 | 5/11/22 | 11/9/22 | 5/17/23 | 11/8/23 | - | - | - |
1NZD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 101 | 111 | 257 | 51.2 | 97.4 | 267 | 677 | 890 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -26.2 | 27.1 | 68.3 | 2.07 | 102 | 222 | 300 | 354 |
| ROE (net income / shareholders' equity) | -2.87% | 1.23% | 3.39% | 1.75% | -10.9% | 13.3% | 17.7% | 19.4% |
| ROA (Net income/ Total Assets) | -1.29% | 0.45% | 1.24% | 0.71% | -4.7% | 5.34% | 8.05% | 10.7% |
| Assets 1 | 2,099 | 743.8 | 1,589 | -1,277 | 2,417 | 2,894 | 3,170 | 3,347 |
| Book Value Per Share 2 | 2.520 | 2.980 | 5.080 | 6.920 | 6.980 | 8.420 | 10.30 | 13.30 |
| Cash Flow per Share 2 | 0.7900 | 1.110 | 1.580 | 1.600 | 2.280 | 3.320 | 4.100 | 4.690 |
| Capex 1 | 140 | 140 | 150 | 222 | 286 | 271 | 308 | 345 |
| Capex / Sales | 25.41% | 19.43% | 17.72% | 20.21% | 20.42% | 15.98% | 15.31% | 14.78% |
| Announcement Date | 5/15/19 | 5/13/20 | 5/12/21 | 5/11/22 | 5/17/23 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
137.6
NZD
Average target price
144.1
NZD
Spread / Average Target
+4.73%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.50% | 12.32B | |
| -18.51% | 214B | |
| -7.35% | 66.55B | |
| -5.13% | 54.68B | |
| -11.62% | 44.91B | |
| +2.38% | 41.93B | |
| -5.30% | 34.35B | |
| -11.95% | 27.46B | |
| +88.38% | 23.87B | |
| +0.46% | 20.4B |
- Stock Market
- Equities
- XRO Stock
- Financials Xero Limited
