Nayax (NYAX) AI Stock Analysis

• Market Cap: 5.77B
• Dividend Yield: N/A
• Average Volume (3M): 66.96K
• Price to Earnings (P/E): 245.8
• Beta (1Y): 0.66
• Revenue Growth: 32.81%
• EPS Growth: N/A
• Country: IL
• Employees: 1,100
• Sector: Financial
• Sector Strength: 79
• Industry: Information Technology Services
• EPS (TTM): 67.99
• Shares Outstanding: 36,607,407
• 10 Day Avg. Volume: 63,128
• 30 Day Avg. Volume: 66,956
• PEG Ratio: -0.41
• Price to Book (P/B): 5.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -14.02
• Enterprise Value/Market Cap: 0.10
• Enterprise Value/Revenue: 0.53
• Enterprise Value/Gross Profit: 4.21
• Enterprise Value/Ebitda: 8.58
• 1Y Price Target: 15,748.42
• Price Target Upside: 0.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 69 Neutral
• Price Target: 17,575.00 ▲(12.30%Upside)

Nayax's strong financial performance and positive earnings call sentiment are key drivers of the score. The technical analysis supports a bullish trend, though potential overvaluation and short-term overbought signals are risks. The high P/E ratio negatively impacts valuation, while the lack of dividend yield detracts from the stock's overall appeal.

Positive Factors

Market Position

Improved integration with over 2,400 original equipment manufacturers should help reduce customer acquisition costs and support growth in new verticals.

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.

Revenue Growth

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.

Negative Factors

Stock Liquidity

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

Stock Volatility

Nayax maintains a strong trajectory, and there is encouragement from improving trading liquidity with average daily volume on the Nasdaq increasing.

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 generates revenue through multiple streams, primarily by offering payment processing services, telemetry, and management software solutions. The company charges transaction fees to merchants for processing cashless payments, which form a significant portion of its income. Additionally, Nayax sells its proprietary POS terminals and related hardware, thereby earning revenue from equipment sales. The company also offers subscription-based services for its management and telemetry software, providing businesses with data analytics and operational insights. Strategic partnerships with financial institutions and technology providers further enhance Nayax's offerings and expand its market reach, contributing to its financial performance.

Nayax Financial Statement Overview

Summary

Nayax demonstrates strong revenue growth and improved operational efficiency, with significant progress in cash flow generation. Despite persistent net losses, the trajectory is positive, and cash flow improvements are a strong indicator of future potential. The balance sheet remains solid, though profitability and return on equity are key areas for improvement.

Income Statement

The company has shown a strong revenue growth with a 33% increase from the previous year. Gross profit margin improved to 45.1%, indicating efficient cost management. However, the net profit margin remains negative due to persistent net losses, though the losses have reduced significantly compared to prior years. EBIT and EBITDA margins have improved, reflecting better operational performance, but profitability remains a challenge.

Balance Sheet

The company maintains a healthy equity position with an equity ratio of 38.2%, up from the previous year. The debt-to-equity ratio has improved, indicating better leverage management. However, the return on equity is still negative due to net losses, but the narrowing losses suggest potential for future improvement.

Cash Flow

Operating cash flow has significantly improved, showing positive cash generation. The free cash flow has turned positive, indicating improved liquidity and financial flexibility. Free cash flow to net income ratio is positive, suggesting that the company is generating cash even though it is not yet profitable.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
314.01M	235.49M	173.51M	119.13M	78.78M
	Gross Profit
141.53M	88.29M	60.04M	48.16M	37.18M
	EBIT
3.10M	-12.38M	-34.04M	-22.48M	-2.22M
	EBITDA
23.70M	458.00K	-28.66M	-15.54M	1.26M
	Net Income Common Stockholders
-5.63M	-15.89M	-37.51M	-24.76M	-6.25M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
92.46M	39.66M	33.96M	87.38M	8.28M
	Total Assets
432.89M	323.86M	230.49M	216.01M	92.75M
	Total Debt
54.90M	75.10M	29.52M	19.96M	31.09M
	Net Debt
-28.23M	36.71M	-4.36M	-67.37M	22.90M
	Total Liabilities
267.65M	226.27M	125.85M	84.33M	80.25M
	Stockholders Equity
165.25M	97.59M	104.64M	131.68M	12.50M
Cash Flow		Free Cash Flow
17.93M	-7.76M	-42.77M	-21.50M	-1.37M
	Operating Cash Flow
42.90M	8.80M	-27.55M	-12.81M	6.49M
	Investing Cash Flow
-45.91M	-36.83M	-26.54M	-22.64M	-8.57M
	Financing Cash Flow
50.84M	31.55M	6.21M	114.14M	6.05M

Nayax Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15650.00
• 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 15650 is above the 20-day moving average (MA) of 15195.00, above the 50-day MA of 14492.00, and above the 200-day MA of 12019.27, indicating a bullish trend. The MACD of 355.80 indicates Negative momentum. The RSI at 57.30 is Neutral, neither overbought nor oversold. The STOCH value of 41.30 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
CAMT	77 Outperform	$3.45B	28.63	24.82%	1.76%	32.63%	46.16%
SPNS	76 Outperform	$1.66B	22.93	16.09%	1.95%	3.84%	10.25%
TSEM	74 Outperform	$4.59B	22.86	7.88%	―	5.22%	-58.99%
NYAX	69 Neutral	5.77B	245.81		―	32.81%	―
Sector *	64 Neutral	$12.85B	9.81	7.79%	78.20%	12.23%	-7.93%
GILT	64 Neutral	$360.92M	25.82	4.79%	―	13.49%	-39.61%
NCSYF		$11.22B	24.88	13.40%	―	―	―

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.