Nayax (NYAX) AI Stock Analysis

• Market Cap: 5.74B
• Dividend Yield: N/A
• Average Volume (3M): 72.30K
• Price to Earnings (P/E): 75.8
• Beta (1Y): 0.52
• Revenue Growth: 26.54%
• EPS Growth: N/A
• Country: IL
• Employees: 1,100
• Sector: Financial
• Sector Strength: 72
• Industry: Information Technology Services
• EPS (TTM): 105.03
• Shares Outstanding: 36,607,407
• 10 Day Avg. Volume: 85,881
• 30 Day Avg. Volume: 72,304
• 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: 17,386.27
• Price Target Upside: 10.74% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 69 Neutral
• Price Target: 17,246.00 ▲(9.85% Upside)

Nayax's strong earnings call performance and financial growth trajectory are the primary drivers of its score. However, high valuation metrics and technical indicators suggest caution. The company's strategic partnerships and expansion in the EV charging sector are promising, but increased leverage and competitive pressures warrant attention.

Positive Factors

Growth Outlook

Management expressed confidence in reaching the company’s 2025 guidance, which calls for 30%-35% revenue growth and adjusted EBITDA of $65 million to $70 million, implying 16% margin at the midpoint.

Market Expansion

Emerging priorities include increasing presence among original equipment manufacturers and expanding into new geographies such as Latin America and Asia-Pacific.

Strategic Partnerships

Nayax announced a new partnership with Lynkwell, a top 10 charging network in the U.S., which will leverage the company’s Uno Mini device.

Negative Factors

Device Sales

The company reported June-quarter results that were slightly below expectations primarily due to lower-than-expected device sales.

Stock Liquidity

Low stock liquidity will likely remain a challenge and could create stock price volatility.

Nayax Business Overview & Revenue Model

Company Description

Nayax (NYAX) is a global fintech company that specializes in providing comprehensive payment solutions and management systems for unattended and automated machines. Operating within the financial technology sector, Nayax offers a wide range of products, including payment processing services, telemetry systems, and management software, catering primarily to vending machines, kiosks, and other unattended retail environments. The company's solutions are designed to enable cashless transactions, improve operational efficiency, and enhance customer engagement for businesses worldwide.

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 has shown a strong recovery with significant improvements in revenue, profitability, and cash flows. The company's strategic focus on efficiency and growth is evident in its improved margins and cash generation. However, maintaining a balanced approach with capital expenditures and debt management will be crucial to sustain this positive trajectory.

Income Statement

Nayax demonstrates strong revenue growth with a 89.5% increase from 2020 to TTM, which is impressive. The gross profit margin improved to 46.3% in TTM, indicating efficient production processes. While net profit margin turned positive at 2.0% in the TTM, it marks a significant improvement from consecutive losses in previous years. EBITDA margin improved to 11.3% in the TTM, showcasing enhanced operational efficiency.

Balance Sheet

The company has a solid equity base with an equity ratio of 31.9% in TTM. The debt-to-equity ratio is at a moderate 0.82 in TTM, reflecting a balanced leverage position. Return on Equity is positive at 3.6% in TTM, a turnaround from negative returns in previous years, indicating improved profitability.

Cash Flow

Operating cash flow has shown consistent growth, reaching $44 million in TTM, supporting robust free cash flow growth. Free cash flow to net income ratio is 2.56, highlighting strong cash generation relative to profits. However, the capital expenditure remains substantial, which could impact liquidity if not managed well.

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: Positive
• Last Price: 15700.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:NYAX, the sentiment is Positive. The current price of 15700 is above the 20-day moving average (MA) of 15117.00, above the 50-day MA of 15555.00, and above the 200-day MA of 13510.55, indicating a bullish trend. The MACD of 55.24 indicates Negative momentum. The RSI at 56.98 is Neutral, neither overbought nor oversold. The STOCH value of 80.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	6.55B	22.92		3.62%	6.03%	13.51%
MLTM	74 Outperform	2.52B	25.93		―	15.05%	48.85%
NYAX	69 Neutral	5.74B	75.81		―	26.54%	―
Sector *	64 Neutral	£5.46B	9.22	9.73%	4.98%	9.83%	-15.31%

Nayax Corporate Events

Nayax Reports Significant Holdings Following Private Offering

Nayax has announced a notice of significant holdings following a private offering conducted on February 14th. The notice details the acquisition of securities, including a series of bonds, and reflects on changes in the number of shares registered under the company’s name as of December 31, 2024. This development, according to an SEC filing on February 11, 2025, indicates strategic financial maneuvers as part of a private purchase agreement, potentially impacting Nayax’s market positioning and stakeholder interests.