NBXG Stock Analysis: Neuberger Berman Next | NYSE
Asset Management | NYSE, USA | Market Cap: 1.176m USD | 12M Return: 10.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.70M
Rev. Trend: 89.8%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 5.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE: NBXG) is a U.S.-domiciled closed-end fund managed by Neuberger Berman, a New York-based asset management firm. The fund is classified under the Financials sector (Asset Management & Custody Banks sub-industry) and began trading on the NYSE following its IPO in May 2021. With a small-cap market capitalization of approximately $1.3 billion USD, it invests primarily in companies tied to next-generation connectivity themes such as digital infrastructure, telecommunications, and related technology sectors.
As a closed-end fund, NBXG issues a fixed number of shares that trade on the open market, allowing investors to gain exposure to a portfolio of connectivity-focused assets through a single security. The fund is overseen by Neuberger Berman, a long-established private, independent, employee-owned investment manager, and is designed to provide shareholders with income and capital appreciation derived from the growth of digital communications infrastructure.
- 5G and fiber infrastructure spending accelerates among holdings
- AI data center buildout lifts connectivity portfolio valuations
- Distribution yield and discount to NAV attract income investors
| Net Income: 321.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -1.30 > 1.0 |
| NWC/Revenue: -2.94% < 20% (prev 2.38%; Δ -5.32% < -1%) |
| CFO/TA 0.07 > 3% & CFO 99.3m > Net Income 321.3m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 0.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (78.8m) vs 12m ago 0.0% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 26.64% > 50% (prev 27.48%; Δ -0.83% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: -0.01 (Total Current Assets 911k - Total Current Liabilities 10.5m) / Total Assets 1.35b |
| B: 0.15 (Retained Earnings 197.2m / Total Assets 1.35b) |
| C: 0.26 (EBIT TTM 321.3m / Avg Total Assets 1.22b) |
| D: 96.29 (Book Value of Equity 1.33b / Total Liabilities 13.9m) |
| Altman-Z'' = 103.3 = AAA |
As of July 28, 2026, the stock is trading at USD 14.84 with a total of 236,146 shares traded. Over the past week, the price has changed by -1.26%, over one month by -8.04%, over three months by +4.11% and over the past year by +10.42%.
Current recommended Stop Loss: 14.10 (which is 5% or 1.7 ATR below the current price).
Neuberger Berman Next has no consensus analysts rating.
P/E Trailing = 3.3702
P/S = 3.7174
P/B = 0.8957
Revenue TTM = 325.8m USD
EBIT TTM = 321.3m USD
EBITDA TTM = 321.3m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.17b USD (1.18b + (null Debt) - CCE 911k)
Interest Coverage Ratio = unknown (Ebit TTM 321.3m / Interest Expense TTM 0.0)
EV/FCF = 11.83x (Enterprise Value 1.17b / FCF TTM 99.3m)
FCF Yield = 8.45% (FCF TTM 99.3m / Enterprise Value 1.17b)
FCF Margin = 30.47% (FCF TTM 99.3m / Revenue TTM 325.8m)
Net Margin = 98.60% (Net Income TTM 321.3m / Revenue TTM 325.8m)
Gross Margin = unknown ((Revenue TTM 325.8m - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.87 (Enterprise Value 1.17b / Total Assets 1.35b)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 253.8m (EBIT 321.3m * (1 - 21.00%))
Current Ratio = 0.09 (Total Current Assets 911k / Total Current Liabilities 10.5m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 321.3m)
Debt / FCF = unknown (Net Debt none / FCF TTM 99.3m)
Total Stockholder Equity = 1.23b (last 4 quarters mean from totalStockholderEquity)
RoA = 26.27% (Net Income 321.3m / Total Assets 1.35b)
RoE = 26.05% (Net Income TTM 321.3m / Total Stockholder Equity 1.23b)
RoCE = 24.01% (EBIT 321.3m / Capital Employed (Total Assets 1.35b - Current Liab 10.5m))
RoIC = 18.98% (NOPAT 253.8m / Invested Capital 1.34b)
WACC = 10.36% (E(1.18b)/V(1.18b) * Re(10.36%) + (debt-free company))
Discount Rate = 10.36% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 69.40% ; FCFF base≈97.6m ; Y1≈101.6m ; Y5≈115.7m
[DCF] Fair Price = 16.86 (EV 1.33b - Net Debt 0.0 = Equity 1.33b / Shares 78.8m; r=10.36% [WACC]; 5y FCF grow 4.43% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 89.81 | Revenue CAGR: 66.83% | SUE: N/A | # QB: 0