Next Hydrogen Solutions Inc. (NXH) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Next Hydrogen Solutions Inc. stock C$0.04, price C$0.40, that is 89.4% below the price, quality 34 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range C$0.3700 – C$6.70 · fair‑value band C$0.0340 – C$0.0595 · the C$0.4000 price screens above the C$0.0425 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Next Hydrogen Solutions Inc. designs, manufactures, and sells electrolyzers and other plant equipment to generate clean hydrogen in Canada. Next Hydrogen Solutions Inc. was founded in 2007 and is headquartered in Mississauga, Canada.
Stock analysis
Next Hydrogen Solutions Inc. (NXH) currently trades at C$0.4000, while our model-based Fair Value estimate is C$0.0425, 89% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.
Scenario range: C$0.0340 (bear) to C$0.0595 (bull), the price of C$0.4000 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Next Hydrogen Solutions Inc. reported revenue of C$3.4M in FY2025 versus C$178K in FY2021, a compound +109.5%/yr. Reported net income was −C$7.7M in FY2025.
Key figures
Market cap C$27.7M (≈ $19.6M) Micro · P/S ratio 6.94 · EPS (TTM) C$−0.1400 · Return on equity −281% · Return on assets (EBIT) −48.8% (5-year average) · Operating margin −317% · Revenue (TTM) C$4.0M · Revenue growth (YoY) +220%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).
What moves the price
The share trades about 49% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −89%, NXH screens richer than that median.
Fair Value models
BearC$0.0340Fair Value C$0.0425BullC$0.0595
Price C$0.4000 · Downside -89.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham)C$0.0400C$0.0500C$0.070054
All 1 models by family
Asset-Based
NCAV (Graham)C$0.0400C$0.0500C$0.070054
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+151.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+68.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+353.9%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−280,105.9% (2020) → −187.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−89.4% · Bottom 25%
Profitability
Return on assets−26.4% · Bottom 25%
Net margin (12 months)−188.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)219.9% · Top 25%
Balance sheet
Debt / equity0.10× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/B2.29× · Pricier than median
P/S (12 months)6.94× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 30
PAST (return on equity)0· sector 28
HEALTH (low debt)95· sector 96
DIVIDEND (yield)0· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Next Hydrogen Solutions Inc. Fair Value". https://www.fairvalue-calculator.com/stock/NXH
Frequently asked questions
Is Next Hydrogen Solutions Inc. (NXH) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of C$0.0425 versus a price of C$0.4000, about 89% lower (overvalued).
What is the fair value of NXH?
Our model-based fair value for Next Hydrogen Solutions Inc. is C$0.0425 (as of Nov 4, 2026), built from audited fundamentals. The current price: C$0.4000.
What is the quality score of NXH?
Next Hydrogen Solutions Inc. has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Next Hydrogen Solutions Inc. (NXH)?
Our model-based price target is the fair value of C$0.0425 (as of Nov 4, 2026) from 1 valuation models. Cautious scenario C$0.0340, optimistic scenario C$0.0595. It is a calculation from audited fundamentals, not an analyst target.
What is the Next Hydrogen Solutions Inc. stock forecast for 2026?
Our models put fair value at C$0.0425, about 89% lower versus a price of C$0.4000 (overvalued). Cautious scenario C$0.0340, optimistic scenario C$0.0595. The calculation is refreshed regularly with new filings.
What is the revenue of Next Hydrogen Solutions Inc. (NXH)?
Next Hydrogen Solutions Inc. reported trailing-twelve-month revenue of about C$4.0M (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Next Hydrogen Solutions Inc. (NXH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Next Hydrogen Solutions Inc. it is C$0.0425 per share (as of Nov 4, 2026), against a price of C$0.4000. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Next Hydrogen Solutions Inc. stock overvalued or undervalued in 2026?
As of Nov 4, 2026, NXH trades above its calculated fair value: price C$0.4000, fair value C$0.0425, a gap of about −89% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NXH?
No. The price is what the market pays today (C$0.4000); the fair value is what the company's own numbers justify (C$0.0425). For Next Hydrogen Solutions Inc. the two are C$0.3575 per share apart. That gap is exactly why we show both numbers side by side.
How much is Next Hydrogen Solutions Inc. worth?
The market values Next Hydrogen Solutions Inc. at about C$27.7M (market capitalisation, as of Nov 4, 2026). Per share that is C$0.4000; our models calculate a fair value of C$0.0425 per share.
What do the bullish and bearish scenarios say about NXH?
Our models span a range for Next Hydrogen Solutions Inc.: cautious scenario C$0.0340, base C$0.0425, optimistic C$0.0595 per share (as of Nov 4, 2026, price C$0.4000). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Next Hydrogen Solutions Inc. (NXH)?
Balance-sheet figures for Next Hydrogen Solutions Inc. (as of Nov 4, 2026): return on equity −280.5%, debt of 0.10 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is NXH from its 52-week high?
Next Hydrogen Solutions Inc. trades at C$0.4000, about 49% below its 52-week high of C$0.7800 and 8% above the low of C$0.3700 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0425 is for.
Which stocks are comparable to Next Hydrogen Solutions Inc.?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Next Hydrogen Solutions Inc. stock attractive at the current price?
The data as of Nov 4, 2026: price C$0.4000, calculated fair value C$0.0425 (−89%), Quality Score 34/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NXH calculated?
We run Next Hydrogen Solutions Inc. through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of C$0.0425 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Next Hydrogen Solutions Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Next Hydrogen Solutions Inc. (NXH)?
The closing price on Nov 5, 2026 was C$0.4000. Our model-based fair value is C$0.0425, about 89% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Next Hydrogen Solutions Inc. right now?
The price sits above even our optimistic bull case (C$0.0595). The favourable scenario is already priced in. Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Next Hydrogen Solutions Inc.
How large is the market capitalisation of Next Hydrogen Solutions Inc. (NXH)?
The market capitalisation of Next Hydrogen Solutions Inc. is C$27.7M (≈ $19.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Next Hydrogen Solutions Inc. (NXH)?
The price-to-sales ratio of Next Hydrogen Solutions Inc. is 6.94 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Next Hydrogen Solutions Inc. (NXH)?
Earnings per share at Next Hydrogen Solutions Inc. are C$−0.1400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Next Hydrogen Solutions Inc. (NXH)?
The return on equity (ROE) of Next Hydrogen Solutions Inc. is −281% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Next Hydrogen Solutions Inc. (NXH)?
On an EBIT basis the return on assets of Next Hydrogen Solutions Inc. is −48.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Next Hydrogen Solutions Inc. (NXH)?
The operating margin of Next Hydrogen Solutions Inc. is −317% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Next Hydrogen Solutions Inc. (NXH)?
Revenue at Next Hydrogen Solutions Inc. is growing +220% versus a year earlier (3y avg +68.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Next Hydrogen Solutions Inc. (NXH) generate?
The free cash flow of Next Hydrogen Solutions Inc. is −C$8.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Thin data
Nov 4, 2026
