NXT 0.56% $17.80 nextdc limited

Why does NXT trade at 26 times the very rubbery contracted...

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    Why does NXT trade at 26 times the very rubbery contracted EBITDA, of circa $400M, whereas Airtrunk just transacted at 21 times?

    From the AFR
    the AirTrunk deal is understood to have been struck on a multiple of 21 times run-rate earnings before interest, tax, depreciation and amortisation (EBITDA), a slightly rubbery number that takes in the commitments AirTrunk has secured from customers for the next few years.

    NXT still looks expensive to me..
 
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