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iCollege Ltd.
(Sydney:NXD)
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Rating:43Neutral
Price Target:
AU$0.08
▼(-14.44% Downside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by weak financial quality: ongoing net losses and a materially stressed balance sheet with very high leverage and depleted equity, partially offset by improved EBIT/EBITDA and positive recent free cash flow. Technicals remain soft (below key moving averages with negative MACD), and valuation is constrained by negative earnings and no dividend support.
Positive Factors
Improved operating performance
The return to positive EBIT and a stronger EBITDA margin indicate that underlying operations have improved despite the company remaining loss-making. If maintained, this progress could support better earnings conversion and provide a foundation for restoring profitability over the next several quarters.
Negative Factors
Revenue decline and net losses
Falling revenue combined with a substantial net loss indicates that the business has not yet established dependable top-line momentum or bottom-line profitability. Persistent losses can reduce reinvestment capacity and make the recent operating improvement less durable if revenue weakness continues.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved operating performance
The return to positive EBIT and a stronger EBITDA margin indicate that underlying operations have improved despite the company remaining loss-making. If maintained, this progress could support better earnings conversion and provide a foundation for restoring profitability over the next several quarters.
Read all positive factors
iCollege Ltd. (NXD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.89M
Dividend YieldN/A
Average Volume (3M)202.39K
Price to Earnings (P/E)―
Beta (1Y)-0.99
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. Volume37,762
30 Day Avg. Volume202,390
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)N/A
Revenue Forecast (FY)AU$106.39M
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 | 4.31M | -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
Negative
0.09
Price Trends
0.08
Negative
0.10
Negative
0.17
Negative
Market Momentum
>-0.01
Positive
42.56
Neutral
18.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NXD, the sentiment is Negative. The current price of 0.09 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.56 is Neutral, neither overbought nor oversold. The STOCH value of 18.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | 15.93 | 13.76% | 2.03% | -4.20% | ― | |
65 Neutral | AU$85.97M | 8.70 | 6.79% | 11.17% | -5.02% | 4425.00% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
52 Neutral | AU$475.64M | 38.86 | 2.90% | 5.49% | -9.92% | -72.48% | |
43 Neutral | AU$17.89M | -1.49 | -93.41% | ― | -7.29% | 18.24% | |
41 Neutral | AU$6.64M | -4.86 | -9.50% | 6.02% | -7.02% | -11.46% | |
41 Neutral | AU$4.52M | -0.43 | -451.00% | ― | -5.29% | -53.01% |
* Consumer Defensive Sector Average
AU:NXD
iCollege Ltd.
0.08
-0.14
-63.64%
AU:IEL
IDP Education Ltd.
1.71
-3.51
-67.27%
AU:AKG
Academies Australasia Group Limited
0.05
-0.06
-52.73%
AU:CLU
Cluey Ltd
0.01
-0.07
-86.25%
AU:3PL
3P Learning Ltd.
0.32
-0.26
-45.69%
AU:KME
Kip McGrath Education Centres Limited
0.73
0.14
23.09%
iCollege Ltd. Corporate Events
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.