Up 186% in 2024, this ASX tech stock 'still trades at a significant discount to global peers'

MotleyFool09-18

The ASX tech stock Nuix Ltd (ASX: NXL) has soared 186% in 2024 to date and has rocketed 294% in the last 12 months. After such an incredible rise, some investors may worry the business is close to the...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2468543325?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-18 12:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2468543325","market":"hk","top_or_hot":-1,"title":"Up 186% in 2024, this ASX tech stock 'still trades at a significant discount to global peers'","media":"MotleyFool","content":"<div>\n<p>The ASX tech stock Nuix Ltd (ASX: NXL) has soared 186% in 2024 to date and has rocketed 294% in the last 12 months. After such an incredible rise, some investors may worry the business is close to the...</p>\n\n<a href=\"https://www.fool.com.au/2024/09/18/up-186-in-2024-this-asx-tech-stock-still-trades-at-a-significant-discount-to-global-peers/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Up 186% in 2024, this ASX tech stock 'still trades at a significant discount to global peers'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUp 186% in 2024, this ASX tech stock 'still trades at a significant discount to global peers'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-18 12:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/09/18/up-186-in-2024-this-asx-tech-stock-still-trades-at-a-significant-discount-to-global-peers/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The ASX tech stock Nuix Ltd (ASX: NXL) has soared 186% in 2024 to date and has rocketed 294% in the last 12 months. After such an incredible rise, some investors may worry the business is close to the...</p>\n\n<a href=\"https://www.fool.com.au/2024/09/18/up-186-in-2024-this-asx-tech-stock-still-trades-at-a-significant-discount-to-global-peers/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NXL.AU","symbol_name":"NUIX LTD","start_time":0,"source_url":"https://www.fool.com.au/2024/09/18/up-186-in-2024-this-asx-tech-stock-still-trades-at-a-significant-discount-to-global-peers/","article_id":"2468543325","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468543325","pubTimestamp":1726633450,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"The ASX tech stock Nuix Ltd  has soared 186% in 2024 to date and has rocketed 294% in the last 12 months. After such an incredible rise, some investors may worry the business is close to the end of its rally.However, the investment team at Blackwattle believes the Nuix valuation is still attractive. The fund manager described the business as a provider of specialised software used to investigate and analyse large pools of data.Reporting season was a strong period for the ASX tech stock, with a rise of 38% in August after the company announced better-than-expected earnings guidance for FY25, according to Blackwattle.As mentioned, the business gave some commentary about its strategic targets for the 2025 financial year.Nuix is a clear leader in its field, has enviable blue-chip clients and it's aided by strong sector tailwinds given the world's increasing data usage. Despite the recent share price run we see plenty more upside as the stock still trades at a significant discount to global","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"NXL.AU":"NUIX LTD","BK7016":"应用软件","ACV":"Virtus AllianzGI Diversified Income & Convertible Fund"},"translate_title":"这只澳大利亚证券交易所科技股到2024年将上涨186%，“交易价格仍较全球同行大幅折扣”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACV":1,"NXL.AU":1},"content_text":"The ASX tech stock Nuix Ltd (ASX: NXL) has soared 186% in 2024 to date and has rocketed 294% in the last 12 months. After such an incredible rise, some investors may worry the business is close to the end of its rally. \nHowever, the investment team at Blackwattle believes the Nuix valuation is still attractive. The fund manager described the business as a provider of specialised software used to investigate and analyse large pools of data.\nReporting season was a strong period for the ASX tech stock, with a rise of 38% in August after the company announced better-than-expected earnings guidance for FY25, according to Blackwattle.\nEarnings recap\nIn the FY24 result, annualised contract value (ACV) grew 14% to $211.5 million, revenue grew 20.9% to $220.6 million, operating profit (EBITDA) increased 60.2% to $55.9 million, and the bottom line improved more than 100% to $5 million.\nAs mentioned, the business gave some commentary about its strategic targets for the 2025 financial year.\nIt's expecting around 15% ACV growth in constant currency terms compared to FY24.\nThe ASX tech stock said that it's expecting a continued successful rollout of Nuix Neo. Why is that good? Each Nuix Neo sale is approximately two to three times the size of a non-Neo sale. The Nuix Neo ACV at the end of FY24 was $12.1 million, up from $4.1 million in the first half of FY24. These sales are to both new and existing customers, with a significant take-up by customers with existing Nuix products.\nThere are three core use cases for Nuix Neo – data privacy, investigations and legal. The legal offering was launched in June 2024.\nAnother expectation for FY25 is that revenue growth should exceed operating cost growth.\nExcluding net non-operational legal costs, the underlying cash flow is forecast to be positive for the 2025 financial year annual result. In FY24, underlying cash flow rose 171% to $24.7 million.\nWhy be positive on this ASX tech stock?\nBlackwattle revealed that its current investment in the company is based on an expectation of improving quality for Nuix following its organisational rebuild.\nThe fund manager said in the last two years, CEO Jonathan Rubinsztein has built a new senior leadership team and helped develop a new company culture that \"matches the quality of the company's products.\"\nConcluding its buy-case for Nuix shares, Blackwattle said:             \n\nNuix is a clear leader in its field, has enviable blue-chip clients and it's aided by strong sector tailwinds given the world's increasing data usage. Despite the recent share price run we see plenty more upside as the stock still trades at a significant discount to global peers.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468543325"}