Nayax (NYAX) AI Stock Analysis

• Market Cap: 5.03B
• Dividend Yield: N/A
• Average Volume (3M): 61.08K
• Price to Earnings (P/E): 66.5
• Beta (1Y): 0.58
• Revenue Growth: 20.86%
• EPS Growth: N/A
• Country: IL
• Employees: 1,100
• Sector: Services
• Sector Strength: N/A
• Industry: Information Technology Services
• EPS (TTM): 29.95
• Shares Outstanding: 36,607,407
• 10 Day Avg. Volume: 55,479
• 30 Day Avg. Volume: 61,082
• PEG Ratio: 2.71
• Price to Book (P/B): 6.15
• Price to Sales (P/S): 3.24
• P/FCF Ratio: 56.66
• 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: 15,452.93
• Price Target Upside: 4.98% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: 16,086.00 ▲(9.28% Upside)

Nayax's strong financial performance and positive earnings call are the primary drivers of its stock score. The company's strategic partnerships and revenue growth are significant strengths. However, the high P/E ratio and competitive pressures in the EV market are notable risks. Technical indicators suggest mixed signals, with potential short-term weakness.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for Nayax's solutions, enhancing its market position and supporting long-term expansion.

Strategic Partnerships

Strategic partnerships in the EV sector diversify revenue streams and strengthen Nayax's competitive edge in emerging markets.

Profitability Improvement

Improved profitability reflects effective cost management and operational efficiency, enhancing financial stability and investor confidence.

Negative Factors

Increased Leverage

Higher leverage can limit financial flexibility and increase risk, potentially affecting long-term sustainability if not managed carefully.

Cash Flow Alignment

Misalignment between cash flows and earnings may indicate inefficiencies, impacting the company's ability to reinvest and sustain growth.

Reliance on Organic Growth

Heavy reliance on organic growth may limit adaptability and responsiveness to market shifts, potentially hindering long-term expansion.

Nayax Business Overview & Revenue Model

Company Description

Nayax (NYAX) is a prominent provider of cashless payment solutions and management systems for the unattended retail market, particularly focusing on vending machines, kiosks, and other automated retail environments. The company offers a comprehensive suite of products that includes payment processing, telemetry, inventory management, and customer engagement tools, enabling operators to optimize their businesses and enhance user experiences.

How the Company Makes Money

Nayax generates revenue through several key streams. Primarily, the company earns money by providing payment processing services, charging transaction fees for cashless payments made through its systems. Additionally, Nayax offers subscription-based services for its software solutions, which include telemetry and inventory management, allowing clients to monitor and manage their machines effectively. The company also generates revenue from hardware sales, including payment terminals and other devices used in vending operations. Significant partnerships with payment networks and financial institutions enhance its service offerings and market reach, contributing to its overall earnings.

Nayax Financial Statement Overview

Summary

Nayax shows a positive growth trajectory with improving profitability and cash flow metrics. The transition to positive net income and strong gross profit margin are highlights. 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	371.46M	314.01M	235.49M	173.51M	119.13M	78.78M
Gross Profit	175.19M	141.53M	88.29M	60.04M	48.16M	37.18M
EBITDA	62.33M	23.70M	458.00K	-26.71M	-15.54M	1.26M
Net Income	24.04M	-5.63M	-15.89M	-37.51M	-24.76M	-6.25M
Balance Sheet
Total Assets	635.71M	432.89M	323.86M	230.49M	216.01M	92.75M
Cash, Cash Equivalents and Short-Term Investments	263.39M	92.46M	39.66M	33.96M	87.38M	8.28M
Total Debt	166.48M	54.90M	75.10M	29.52M	19.96M	31.09M
Total Liabilities	428.24M	267.65M	226.27M	125.85M	84.33M	80.25M
Stockholders Equity	207.45M	165.25M	97.59M	104.64M	131.68M	12.50M
Cash Flow
Free Cash Flow	24.58M	17.93M	-7.76M	-42.77M	-21.50M	-1.37M
Operating Cash Flow	48.86M	42.90M	8.80M	-27.55M	-12.81M	6.49M
Investing Cash Flow	-36.21M	-45.91M	-36.83M	-26.54M	-22.64M	-8.57M
Financing Cash Flow	92.20M	50.84M	31.55M	6.21M	114.14M	6.05M

Nayax Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 14720.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 Neutral. The current price of 14720 is above the 20-day moving average (MA) of 13963.50, above the 50-day MA of 14638.40, and below the 200-day MA of 14766.00, indicating a neutral trend. The MACD of 161.18 indicates Negative momentum. The RSI at 53.77 is Neutral, neither overbought nor oversold. The STOCH value of 63.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IL:NYAX.

Nayax Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FORTY	73 Outperform	7.55B	26.39	―	3.08%	1.94%	-8.81%
NYAX	69 Neutral	5.03B	66.47	―	―	20.86%	―
MLTM	63 Neutral	2.87B	28.00	―	―	11.90%	13.57%
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.