Yes, I agree that the levels of disclosure are a bit frustrating (not just limited to NXT but across many ASX companies). Quite a good proxy/sense check can be found in the Equinix reporting. They report that "recurring capex" (which includes maintenance capex) have historically trended between 2% and 5% of revenue. In FY22 their recurring capex was $189m and revenue was $7,263m (2.6%), however annual depreciation was $1,531m. What this indicates is that accounting standards allow these DC companies to depreciate their assets at a substantially accelerated rate compared with their useful life. Hence the reason why the market focusses on EBITDA (or even revenue) when valuing these companies.
Yes, I agree that the levels of disclosure are a bit frustrating...
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Last
$17.09 |
Change
0.050(0.29%) |
Mkt cap ! $9.835B | |||
| Open | High | Low | Value | Volume |
| $17.19 | $17.37 | $17.01 | $34.78M | 2.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8559 | $17.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.10 | 836 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$17.10 |
Change
0.050 ( 0.11 %) |
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| Open | High | Low | Volume | ||
| $17.22 | $17.38 | $17.01 | 394417 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| NXT (ASX) Chart |