Nayax (NYAX) AI Stock Analysis

• Market Cap: 5.28B
• Dividend Yield: N/A
• Average Volume (3M): 61.08K
• Price to Earnings (P/E): 69.5
• Beta (1Y): 0.56
• Revenue Growth: 26.54%
• EPS Growth: N/A
• Country: IL
• Employees: 1,100
• Sector: Services
• Sector Strength: N/A
• Industry: Information Technology Services
• EPS (TTM): 101.81
• Shares Outstanding: 36,607,407
• 10 Day Avg. Volume: 55,479
• 30 Day Avg. Volume: 61,082
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: 16,501.37
• Price Target Upside: 14.43% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 68 Neutral
• Price Target: 17,124.00 ▲(18.75% Upside)

Nayax's overall score is driven by strong earnings call results, showcasing robust revenue growth and strategic partnerships. Financial performance is stable but hindered by increased leverage. Technical analysis and valuation indicate potential risks, with the stock appearing overvalued and lacking strong momentum.

Positive Factors

Revenue Growth

The consistent revenue growth indicates strong market demand and effective sales strategies, enhancing long-term business stability and expansion potential.

Strategic Partnerships

Strategic partnerships, especially in the EV charging sector, expand market reach and diversify revenue streams, strengthening competitive positioning.

Improved Profitability

Improved profitability through higher gross margins reflects effective cost management and operational efficiency, supporting sustainable financial health.

Negative Factors

Increased Leverage

Higher leverage increases financial risk and can limit flexibility, potentially impacting long-term growth and stability if not managed carefully.

Cash Flow Alignment

Misalignment between cash flow and net income suggests inefficiencies in cash conversion, which could affect liquidity and operational funding.

Dependency on Organic Growth

Reliance on organic growth may limit adaptability to market shifts, potentially hindering competitive edge and expansion in a dynamic industry.

Nayax Business Overview & Revenue Model

Company Description

Nayax Ltd., a fintech company, operates system and payment platform worldwide. The company offers VPOS TOUCH that provides contactless and contact payment options; VPOS FUSION, a cashless payment card reader; ONYX, a contactless card reader and telemetry device; AMIT 3.0, a M2M vending telemetry solution; NOVA 156, a points of sale(POS)-handheld smart POS terminal; NOVA 125,a combined dual interface product with a printer and a barcode scanner; NOVA 55, an android-based that enables clearing payments using swipe, contactless, and contact payment methods, as well as accepting alternative payment methods, such as digital wallets and tap on pay; and NOVA 45 and NOVA 40, a handheld mini smart terminals for attended POS. It also provides electric vehicle charging stations; and Monyx Wallet, a digital wallet app installed on the consumer's mobile phone that enables cashless payments using only the mobile phone. In addition, the company provides cashless payments systems; telemetry services, including remote management, monitoring, and control of the unattended POS and service; closed-circuit prepaid card solutions; and management software for unattended machines. Further, it operates marketing, loyalty, and consumer engagement platform. The company sells its products directly, as well as through resellers and distributors. It serves various verticals, including snacks and drinks automatic vending machines, coffee machines, kiddie and amusement rides, massage chairs, laundromats, machines for selling non-prescription drugs, car wash, parking, tourist, fueling, and ticket machines, as well as kiosks, public restrooms, photo booth, donations, AIR/VAC, and ice cream vending machines. The company was incorporated in 2005 and is based in Herzliya, Israel.

How the Company Makes Money

Nayax makes money primarily through its payment processing services and management solutions. The company's core revenue streams include transaction fees collected from cashless payments processed through their systems, subscription fees for their telemetry and management software, and sales of their hardware products such as card readers and contactless payment devices. Additionally, Nayax benefits from strategic partnerships with financial institutions and technology providers, which help to expand its market reach and enhance its service offerings. The company also earns revenue from value-added services such as data analytics and customer loyalty programs, which are designed to increase client retention and generate additional income.

Nayax Financial Statement Overview

Summary

Nayax shows a consistent revenue growth trajectory with improved profitability, transitioning from negative to positive net income. However, increased leverage and the need for better cash flow alignment with earnings are areas to monitor.

Income Statement

Nayax has shown a consistent revenue growth trajectory, with a TTM revenue growth rate of 5.29%. The company has improved its profitability, evidenced by a positive net profit margin of 1.96% in the TTM, compared to negative margins in previous years. Gross profit margin remains strong at 45.50%, indicating effective cost management. However, the EBIT margin is relatively low at 4.57%, suggesting room for operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio has increased to 0.82 in the TTM, indicating a higher reliance on debt financing compared to previous years. Return on equity has improved to 3.88%, reflecting better profitability. The equity ratio stands at 31.81%, showing a moderate level of financial stability. While the balance sheet shows improvement, the increased leverage poses a potential risk.

Cash Flow

Nayax's free cash flow has grown by 15.98% in the TTM, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 0.19, suggesting that cash flows are not fully aligned with reported earnings. The free cash flow to net income ratio is 0.37, highlighting a need for better cash conversion. Overall, cash flow metrics show positive trends but require further alignment with profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	348.66M	314.01M	235.49M	173.51M	119.13M	78.78M
Gross Profit	165.03M	141.53M	88.29M	60.04M	48.16M	37.18M
EBITDA	53.11M	23.70M	458.00K	-28.66M	-15.54M	1.26M
Net Income	21.15M	-5.63M	-15.89M	-37.51M	-24.76M	-6.25M
Balance Sheet
Total Assets	633.31M	432.89M	323.86M	230.49M	216.01M	92.75M
Cash, Cash Equivalents and Short-Term Investments	172.91M	92.46M	39.66M	33.96M	87.38M	8.28M
Total Debt	161.65M	54.90M	75.10M	29.52M	19.96M	31.09M
Total Liabilities	431.82M	267.65M	226.27M	125.85M	84.33M	80.25M
Stockholders Equity	201.49M	165.25M	97.59M	104.64M	131.68M	12.50M
Cash Flow
Free Cash Flow	19.24M	17.93M	-7.76M	-42.77M	-21.50M	-1.37M
Operating Cash Flow	47.81M	42.90M	8.80M	-27.55M	-12.81M	6.49M
Investing Cash Flow	-28.39M	-45.91M	-36.83M	-26.54M	-22.64M	-8.57M
Financing Cash Flow	87.06M	50.84M	31.55M	6.21M	114.14M	6.05M

Nayax Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 14420.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:NYAX, the sentiment is Negative. The current price of 14420 is below the 20-day moving average (MA) of 15584.50, below the 50-day MA of 15738.00, and below the 200-day MA of 14529.85, indicating a bearish trend. The MACD of -306.58 indicates Positive momentum. The RSI at 32.82 is Neutral, neither overbought nor oversold. The STOCH value of 6.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:NYAX.

Nayax Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FORTY	76 Outperform	7.26B	25.39	―	3.16%	6.03%	13.51%
MLTM	72 Outperform	3.07B	30.80	―	―	12.51%	45.01%
NYAX	68 Neutral	5.28B	69.45	―	―	26.54%	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Nayax Corporate Events

Nayax Ltd. Reports Strong Q2 2025 Earnings Growth

Nayax Ltd.’s Q2 2025 earnings call painted a picture of robust growth and strategic advancements, with a positive sentiment surrounding the company’s financial performance. The call highlighted significant revenue growth and strategic partnerships, although it also acknowledged the challenges posed by a competitive EV charging market and the company’s reliance on organic growth.