Nextensa NV/SA stock: fair value
NEXTA.BRThe fair value of Nextensa NV/SA under our model is $53.78, the price is 6% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $44.82 and expensive above $67.23 (uncertainty low, based on the price swings of the past year).
Calculated with a cost of equity of 7.7%. At 8.7% the fair value would be $44.86, at 6.7% it would be $67.17.
Where the number comes from
From the cash-flow model alone; without FFO and without operating cash flow there is no industry value. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 4% of revenue. New construction and acquisitions do not count as running costs there.
Ten-year cash-flow model on AFFO over the last twelve months: it grows as revenue per share has so far, at most as fast as the company's revenue, until growth reaches 2.7%. Discounted at 7.7% (floor: government bond yield 2.7% plus 5 percentage points, since beta 0.8 times the risk premium would give less); analyst estimates were not available or did not match revenue.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $53.78 per share: AFFO for the next ten years, each year discounted to today at 7.7%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | AFFO | Source | Discount factor | Present value (discounted at 7.7%) |
|---|---|---|---|---|
| 2026 | $28.31M | extrapolated at 0.9% | 0.9289 | $26.3M |
| 2027 | $28.71M | extrapolated at 1.4% | 0.8628 | $24.77M |
| 2028 | $29.22M | extrapolated at 1.8% | 0.8014 | $23.41M |
| 2029 | $29.81M | extrapolated at 2.0% | 0.7444 | $22.19M |
| 2030 | $30.48M | extrapolated at 2.2% | 0.6914 | $21.07M |
| 2031 | $31.19M | extrapolated at 2.4% | 0.6422 | $20.03M |
| 2032 | $31.96M | extrapolated at 2.5% | 0.5965 | $19.06M |
| 2033 | $32.76M | extrapolated at 2.5% | 0.5541 | $18.15M |
| 2034 | $33.6M | extrapolated at 2.6% | 0.5146 | $17.29M |
| 2035 | $34.47M | extrapolated at 2.6% | 0.4780 | $16.48M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $208.76M |
| Terminal value: cash flow 2035 × (1 + 2.7%) / (7.7% − 2.7%) | $707.66M |
| Present value of terminal value (× 0.4780) | $338.29M |
| Equity value (sum plus present value of terminal value) | $547.04M |
| Shares (diluted) | 10.17M |
| Value per share (equity value divided by shares) | $53.78 |
| Fair value (from the cash flow model alone) | $53.78 |
The model uses AFFO after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 1 May 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.