# NextEnergy Solar Ord (NESF.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Energy. Price 50p, market value 287 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). NextEnergy Solar Ord reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 8.4×**. Each dollar of revenue is priced at 8.4×.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 36.6%** (5-yr avg 0.1%). Free cash flow equals 36.6% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 89.1%**. NextEnergy Solar Ord keeps 89.1% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -181.3%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 124.8%**. 124.8% of each dollar of sales reaches the bottom line.
- **Return on equity: -14.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -10.2%**. Return on all capital, debt included, is -10.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -11.3%**. Each dollar of assets produces -11.3% of profit.

## Growth
- **EPS growth (1 yr): -381.7%**. Earnings per share fell 381.7%.
- **Free-cash-flow growth (3 yr): 20.0%/yr**. Free cash flow has compounded at 20.0% a year over three years.

## Financial health
- **Debt to equity: 0.45**. Debt is 0.45 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. NextEnergy Solar Ord holds more cash than debt.
- **Interest coverage: -4.3×**. Operating profit covers interest only -4.3×: fragile.
- **Current ratio: 9.44** (quick 9.44). Current assets cover the next year's liabilities 9.44 times.
- **Altman Z-score: 1.46**. A Z-score of 1.46 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 14.30%** (0p per share, trailing). NextEnergy Solar Ord yields 14.30%, high enough to check carefully: yields this high often precede a cut.
- **Consecutive years of increases: 12**. 12 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 3.9%/yr** (1-yr 0.5%). The dividend has grown 3.9% a year over five years.
- **Shareholder yield: 18.3%**. Dividends plus net buybacks return 18.3% of the market value a year.

## Price and momentum
- **Total return (1 yr): -25.2%** (YTD 0.1%, 3-mo 6.2%). The shares are down 25.2% over twelve months including dividends.
- **From 52-week high: -26.5%** (16.2% above the low). Trading 27% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.33** (volatility 32%). Beta of 0.33 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NESF.L · Page: https://foliofundamentals.com/stocks/nesf.l

Not investment advice.