Nayax (NYAX) AI Stock Analysis

• Market Cap: 6.17B
• Dividend Yield: N/A
• Average Volume (3M): 82.61K
• Price to Earnings (P/E): 79.6
• Beta (1Y): 0.53
• Revenue Growth: 26.54%
• EPS Growth: N/A
• Country: IL
• Employees: 1,100
• Sector: Financial
• Sector Strength: 73
• Industry: Information Technology Services
• EPS (TTM): 103.06
• Shares Outstanding: 36,607,407
• 10 Day Avg. Volume: 56,574
• 30 Day Avg. Volume: 82,614
• 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: 16,730.74
• Price Target Upside: 0.79% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 69 Neutral
• Price Target: 17,246.00 ▲(3.89% 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

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial health and expansion.

Strategic Partnerships

Strategic partnerships in the EV charging sector enhance market presence and open new revenue streams, strengthening competitive positioning.

Profitability Improvement

Improved profitability through higher gross margins reflects efficient cost management, supporting sustainable financial performance.

Negative Factors

Increased Leverage

Higher leverage increases financial risk, potentially impacting cash flow and limiting flexibility for future investments or downturns.

Cash Flow Alignment

Misalignment between cash flows and earnings suggests operational inefficiencies, which could affect liquidity and investment capacity.

Competitive Pressures

Intense competition in the EV charging sector necessitates continuous innovation and strategic execution to maintain market share and growth.

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 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: Positive
• Last Price: 16600.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 16600 is above the 20-day moving average (MA) of 16160.00, above the 50-day MA of 15569.60, and above the 200-day MA of 13918.65, indicating a bullish trend. The MACD of 395.97 indicates Negative momentum. The RSI at 58.23 is Neutral, neither overbought nor oversold. The STOCH value of 67.59 is Neutral, 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	7.09B	24.80		3.29%	6.03%	13.51%
MLTM	71 Outperform	2.67B	26.77		―	12.51%	45.01%
NYAX	69 Neutral	6.17B	79.60		―	26.54%	―
Sector *	68 Neutral	$17.85B	11.54	9.95%	3.76%	9.70%	1.08%
CMDR	―	1.60B	16.86		3.52%	―	―
TOPG	―	277.13M	16.29		2.73%	―	―

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.