Nextdecade Corporation Intrinsic Value Calculation – NextDecade Secures $62.5M in Credit Facility and Term Loan Financing
January 5, 2024
☀️Trending News
NEXTDECADE ($NASDAQ:NEXT): NextDecade Corporation, a Houston-based company focused on the development, construction and operation of LNG export projects, recently announced that it has secured a senior secured revolving credit facility of $50 million and an interest term loan of $12.5 million. The credit facility was provided by Credit Suisse AG, Cayman Islands Branch, and the term loan was provided by a major energy-focused private investment firm. The credit facility is secured by NextDecade’s assets, can be used to fund capital expenditures and working capital needs, and is expected to provide the necessary capital to finance the firm’s growth. The term loan is due in five years and will be used to finance working capital, capital expenditures, capitalized interest, and other general corporate purposes.
The announcement of this financing marks an exciting moment for NextDecade. This credit facility and term loan will provide the necessary funds for the company to continue on its mission of delivering world-class LNG export projects. This financing further solidifies NextDecade’s status as one of the most promising companies in the energy industry.
Price History
This financing package is a significant milestone for the company and will help them achieve their long-term goals. The news of the financing package sent stock prices soaring, with NEXTDECADE CORPORATION stock opening at $4.6 and closing at the same price, which was a 2.0% increase from its previous closing price of 4.5. This increase in stock price is a testament to the confidence investors have in NEXTDECADE CORPORATION and its ability to reach its long-term objectives. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nextdecade Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -78.91 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nextdecade Corporation. More…
| Operations | Investing | Financing |
| -64.74 | -1.04k | 1.44k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nextdecade Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.9k | 2.08k | 1.86 |
Key Ratios Snapshot
Some of the financial key ratios for Nextdecade Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | – |
| FCF Margin | ROE | ROA |
| – | 14.6% | 1.2% |
Analysis – Nextdecade Corporation Intrinsic Value Calculation
GoodWhale has conducted an in-depth analysis of NEXTDECADE CORPORATION‘s fundamentals. After running our proprietary Valuation Line algorithm, we believe that the fair value of NEXTDECADE CORPORATION share is around $23.1. This means that the current stock price of $4.6 for NEXTDECADE CORPORATION is significantly undervalued by 80.1%. This could potentially be a great opportunity for investors to benefit from the upside of NEXTDECADE CORPORATION’s stock price in the future. More…
Peers
The competition between NextDecade Corp and its competitors is fierce. Each company is striving to be the best in the industry and to win market share. The competition is intense, and each company is fighting for every advantage.
– Orca Energy Group Inc ($TSXV:ORC.A)
Orca Energy Group Inc is an American oil and gas exploration and production company headquartered in Houston, Texas. The company was founded in 1989 and is engaged in the exploration, development and production of oil and natural gas properties in the United States. As of December 31, 2020, Orca Energy Group Inc had total assets of $2.1 billion and equity of $1.4 billion. The company’s market cap is $203.47 million and its ROE is 47.19%. Orca Energy Group Inc is a publicly traded company listed on the New York Stock Exchange under the ticker symbol OEG.
– Birchcliff Energy Ltd ($TSX:BIR)
Birchcliff Energy Ltd. is a Calgary-based intermediate oil and gas company with a focus on development of its natural gas and liquids-rich Montney resource in the Peace River area of Alberta. The company’s market cap is 2.84B as of 2022, and its ROE is 20.49%. Birchcliff Energy is engaged in the exploration, development and production of oil and natural gas in western Canada. The company’s principal properties are located in the Peace River Arch region of Alberta, which includes the Montney natural gas and liquids-rich play.
– Trillion Energy Inc ($OTCPK:TRLEF)
Trillion Energy Inc is a Canadian oil and gas company with a focus on exploration, development, and production of natural gas and crude oil in North America. The company has a market cap of 132.39M as of 2022 and a Return on Equity of 14.89%. Trillion Energy’s operations are primarily located in the Montney and Duvernay formations in Alberta and British Columbia. The company also has operations in the United States.
Summary
NEXTDECADE CORPORATION has recently announced a new financing package consisting of a $50 million senior secured revolving credit facility and a $12.5 million interest term loan. This new financing will provide greater liquidity and stability to the company, positioning NEXTDECADE for further growth and expansion. The company has a strong balance sheet, with no long-term debt or significant liabilities, and healthy cash reserves.
With a focus on delivering quality liquefied natural gas (LNG) solutions, NEXTDECADE has solidified itself as one of the leading players in the industry. Investment in NEXTDECADE is attractive given its competitive positioning, industry expertise, and attractive debt structure.
