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iCollege Ltd.
(Sydney:NXD)
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Rating:41Neutral
Price Target:
AU$0.04
▼(-52.22% Downside)
Action:Reiterated
Date:09/22/26
The score is primarily held down by weak financial quality—ongoing net losses, declining revenue, and especially a highly levered balance sheet after significant equity erosion—despite improved EBIT/EBITDA and positive recent free cash flow. Technicals add further pressure as the stock trades well below key moving averages with bearish momentum. Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Improving operating profitability
The return to positive EBIT and stronger EBITDA margin indicates that operating performance has improved despite weak revenue and bottom-line results. If maintained, this progress could improve the economics of course delivery and provide a foundation for future earnings recovery.
Negative Factors
Declining revenue and persistent losses
Falling revenue combined with a persistent net loss signals that recent operating improvements have not yet translated into sustainable company-wide profitability. Continued losses can weaken retained capital and make it harder for iCollege to fund growth or absorb further pressure in its education operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving operating profitability
The return to positive EBIT and stronger EBITDA margin indicates that operating performance has improved despite weak revenue and bottom-line results. If maintained, this progress could improve the economics of course delivery and provide a foundation for future earnings recovery.
Read all positive factors
iCollege Ltd. (NXD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.73M
Dividend YieldN/A
Average Volume (3M)141.77K
Price to Earnings (P/E)―
Beta (1Y)-0.89
Revenue Growth-7.29%
EPS Growth18.24%
CountryAU
Employees405
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)-0.05
Shares Outstanding223,609,730
10 Day Avg. Volume44,497
30 Day Avg. Volume141,767
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)3.20
Price to Sales (P/S)0.21
P/FCF Ratio1.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.24Price Target Upside166.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$87.20M
iCollege Ltd. Business Overview & Revenue Model
Company Description
NextEd Group Limited provides educational services in Australia, Europe, and South America. It operates through four segments: Technology & Design, International, Go Study, and Domestic Vocational. The International segment provides english langua...
iCollege Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
56
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 88.88M | 95.87M | 111.37M | 102.22M | 46.82M |
| Gross Profit | 15.40M | 51.08M | 57.28M | 20.31M | 28.73M |
| EBITDA | 14.53M | 12.32M | -13.12M | 17.51M | 343.00K |
| Net Income | -12.02M | -14.57M | -31.23M | 3.61M | -8.70M |
Balance Sheet | |||||
| Total Assets | 93.00M | 117.84M | 134.28M | 172.07M | 134.69M |
| Cash, Cash Equivalents and Short-Term Investments | 18.23M | 18.89M | 19.34M | 30.26M | 27.16M |
| Total Debt | 35.70M | 40.57M | 47.87M | 43.84M | 21.39M |
| Total Liabilities | 87.26M | 97.66M | 99.66M | 106.63M | 73.12M |
| Stockholders Equity | 5.74M | 20.18M | 34.62M | 65.44M | 61.57M |
Cash Flow | |||||
| Free Cash Flow | 10.73M | 11.11M | -9.70M | 19.03M | 8.27M |
| Operating Cash Flow | 10.87M | 11.25M | 1.71M | 25.18M | 11.20M |
| Investing Cash Flow | -249.00K | -1.03M | -11.41M | -6.15M | 18.42M |
| Financing Cash Flow | -11.29M | -10.67M | -1.22M | -15.93M | -7.00M |
iCollege Ltd. Technical Analysis
Neutral
0.09
Price Trends
0.06
Negative
0.07
Negative
0.12
Negative
Market Momentum
>-0.01
Negative
42.73
Neutral
41.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NXD, the sentiment is Neutral. The current price of 0.09 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.06, and below the 200-day MA of 0.12, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.73 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NXD.
iCollege Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$38.06M | 15.38 | 13.76% | 9.66% | -4.20% | ― | |
65 Neutral | AU$84.60M | 8.56 | 6.79% | 11.35% | -5.02% | 4425.00% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
52 Neutral | AU$611.93M | 50.91 | 2.90% | 4.09% | -9.92% | -72.48% | |
47 Neutral | AU$12.76M | -9.35 | -9.50% | 6.02% | -7.02% | -11.46% | |
41 Neutral | AU$10.73M | -0.89 | -93.41% | ― | -7.29% | 18.24% |
* Consumer Defensive Sector Average
AU:NXD
iCollege Ltd.
0.05
-0.19
-79.58%
AU:IEL
IDP Education Ltd.
2.22
-3.18
-58.89%
AU:AKG
Academies Australasia Group Limited
0.10
-0.02
-16.67%
AU:3PL
3P Learning Ltd.
0.30
-0.25
-45.77%
AU:KME
Kip McGrath Education Centres Limited
0.70
0.18
34.17%
iCollege Ltd. Corporate Events
NextEd Sets AGM Date and Director Nomination Deadline
Oct 8, 2026
NextEd Group Limited, a major listed private education provider with campuses across Australia’s key cities and a diversified portfolio spanning English language, vocational, and higher education, focuses on delivering industry-aligned progr...
NextEd Group Limits Future Dilution as Performance Rights and Options Lapse
Sep 8, 2026
NextEd Group Limited has notified the market of the cessation of a significant parcel of equity-linked instruments, including 6,091,174 performance rights and 1,200,000 options, after the conditions attached to these securities were not met or bec...
NextEd director restructures holdings via off-market transfer to spouse
Sep 1, 2026
NextEd Group Limited has disclosed a change in the structure of director Simon Tolhurst’s relevant interests in company securities, noting that his holdings have been transferred off-market to his spouse as part of a personal restructuring. ...
NextEd Group Names Rob Arthur as New CEO to Lead Next Growth Phase
Aug 18, 2026
NextEd Group Limited has announced a leadership change, with Chief Executive Officer Mark Kehoe stepping down and experienced education-sector executive Rob Arthur appointed CEO effective 19 August 2026. Kehoe is credited by the board with steerin...
NextEd Delivers Resilient FY26 Results as Vocational Pivot Lifts Margins
Aug 18, 2026
NextEd Group Limited reported its full-year 2026 results, showing resilient performance amid one of the toughest trading periods for international education. Revenue declined 6.7% to $88.9 million, but underlying EBITDA rose 7.0% to $15.3 million,...
NextEd Narrows Annual Loss as Revenue Declines and Net Tangible Assets Stay Negative
Aug 18, 2026
NextEd Group Limited reported a 6.7% decline in revenues from ordinary activities to $88.9 million for the year ended 30 June 2026, following a prior-period restatement. Despite weaker top-line performance, the group reduced its loss from ordinary...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.