Added to YB: 2024-09-20
Pitch date: 2024-09-18
NXT.L [neutral]
NEXT plc
+26.98%
current return
Author Info
Company Info
NEXT plc engages in the retail of clothing, homeware, and beauty products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally.
Market Cap
GBP 15.8B
Pitch Price
GBP 102.30
Price Target
N/A
Dividend
1.71%
EV/EBITDA
12.02
P/E
20.58
EV/Sales
2.73
Sector
Broadline Retail
Category
value
NEXT plc - $NXT.L
NXT.L (overvalued): UK large cap retailer w/ 160-year history. Strong online growth (17% overseas) & improved margins. Adapts well to retail changes. Resilient financials: 1.97% dividend yield, 26% FCF payout. Risks: product innovation, capital allocation. DCF valuation suggests overvalued at £103.35 vs £74.24 fair value. 4-6% growth expected.
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