NCR Atleos, LLC (NATL) AI Stock Analysis

• Market Cap: $2.61B
• Dividend Yield: N/A
• Average Volume (3M): 439.59K
• Price to Earnings (P/E): 21.6
• Beta (1Y): 0.95
• Revenue Growth: -0.14%
• EPS Growth: N/A
• Country: US
• Employees: 20,000
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 1.09
• Shares Outstanding: 73,904,140
• 10 Day Avg. Volume: 625,531
• 30 Day Avg. Volume: 439,592
• PEG Ratio: -0.16
• Price to Book (P/B): 9.42
• Price to Sales (P/S): 0.57
• P/FCF Ratio: 11.95
• Enterprise Value/Market Cap: 2.07
• Enterprise Value/Revenue: 1.27
• Enterprise Value/Gross Profit: 5.17
• Enterprise Value/Ebitda: 7.76
• 1Y Price Target: $48.25
• Price Target Upside: 36.53% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 4.01
• Revenue Forecast (FY): $4.35B

• Rating: 64 Neutral
• Price Target: $37.00 ▲(4.70% Upside)

The overall stock score of 64 reflects NCR Atleos, LLC's solid financial performance and positive earnings call sentiment, offset by bearish technical indicators and moderate valuation. The company's strategic initiatives and growth in key segments are significant strengths, while operational challenges and market momentum pose risks.

Positive Factors

Revenue Growth

Strong growth in ATM-as-a-Service and hardware revenue indicates robust demand and expanding market presence, supporting long-term revenue growth.

Cash Flow Generation

Improved cash flow generation enhances financial flexibility, enabling reinvestment in growth opportunities and debt reduction, strengthening long-term business health.

Partnership Expansion

Strategic partnerships like with Kuwait Finance House enhance product offerings and market reach, fostering innovation and competitive advantage in the long term.

Negative Factors

Operational Challenges

Decreasing EBIT margin suggests operational inefficiencies, which could impact profitability if not addressed, posing a risk to long-term financial performance.

Tariff Impact

Tariff-related costs introduce uncertainty and potential margin pressure, affecting cost structure and competitiveness over the medium term.

Equity Strength

A low equity ratio indicates limited financial buffer, which could constrain growth initiatives and increase vulnerability to economic downturns.

NCR Atleos, LLC Business Overview & Revenue Model

Company Description

NCR Atleos, LLC (NATL) is a technology-driven company specializing in providing advanced analytics and cloud-based solutions tailored for the retail and hospitality sectors. With a focus on enhancing customer engagement and operational efficiency, NATL offers a range of services, including data analytics, payment processing, and point-of-sale systems. The company aims to empower businesses to leverage data-driven insights to optimize their performance and improve customer experiences.

How the Company Makes Money

NCR Atleos, LLC generates revenue through multiple streams, primarily by offering subscription-based services that include cloud solutions for data analytics and payment processing. These services are designed to provide businesses with insights and tools necessary for effective decision-making. Key revenue streams include recurring subscription fees from clients utilizing their cloud-based platforms, transaction fees from payment processing services, and revenue from professional services such as consulting and system integration. Additionally, partnerships with major retail and hospitality brands enhance NATL's market reach, allowing for increased customer acquisition and retention, which further contributes to its overall earnings.

NCR Atleos, LLC Financial Statement Overview

Summary

NCR Atleos, LLC demonstrates a solid financial position with stable revenue and profitability, improved debt management, and strong cash flow generation. However, challenges remain in terms of operational efficiency and equity strength.

Income Statement

NCR Atleos, LLC shows a stable revenue base with a TTM (Trailing-Twelve-Months) revenue of $4.27 billion, although the revenue growth rate is currently flat. The gross profit margin has improved slightly to 24.52% in TTM, indicating efficient cost management. The net profit margin has improved to 3.09% in TTM, reflecting better profitability. However, the EBIT margin has decreased to 8.69% in TTM, suggesting potential operational challenges. Overall, the company demonstrates stable profitability with room for operational improvements.

Balance Sheet

The balance sheet shows a significant reduction in total debt to $207 million in TTM, improving the debt-to-equity ratio to 0.63, which is a positive trend. The return on equity (ROE) has increased to 43.46% in TTM, indicating strong profitability relative to equity. However, the equity ratio remains low at 5.84%, suggesting limited equity buffer. The company has made progress in deleveraging, but the low equity ratio poses a risk.

Cash Flow

The cash flow statement reveals a positive free cash flow growth rate of 11.54% in TTM, indicating improved cash generation. The operating cash flow to net income ratio is 1.55, showing strong cash conversion. The free cash flow to net income ratio is 0.85, reflecting efficient cash utilization. While cash flow metrics are strong, the company should continue to focus on sustaining cash flow growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.27B	4.32B	4.19B	4.13B	3.55B
Gross Profit	1.05B	1.03B	933.00M	919.00M	892.00M
EBITDA	697.00M	449.00M	451.00M	447.00M	459.00M
Net Income	132.00M	91.00M	-134.00M	108.00M	186.00M
Balance Sheet
Total Assets	5.65B	5.55B	5.74B	5.77B	5.58B
Cash, Cash Equivalents and Short-Term Investments	412.00M	419.00M	339.00M	293.00M	238.00M
Total Debt	207.00M	3.05B	3.12B	884.00M	1.46B
Total Liabilities	5.32B	5.29B	5.45B	2.51B	3.24B
Stockholders Equity	330.00M	260.00M	284.00M	3.26B	2.33B
Cash Flow
Free Cash Flow	55.00M	205.00M	223.00M	177.00M	338.00M
Operating Cash Flow	205.00M	344.00M	355.00M	274.00M	449.00M
Investing Cash Flow	-113.00M	-135.00M	-316.00M	-417.00M	-2.49B
Financing Cash Flow	-187.00M	-134.00M	31.00M	183.00M	2.35B

NCR Atleos, LLC Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 35.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NATL, the sentiment is Negative. The current price of 35.34 is below the 20-day moving average (MA) of 36.54, below the 50-day MA of 37.94, and above the 200-day MA of 31.53, indicating a neutral trend. The MACD of -0.85 indicates Positive momentum. The RSI at 33.76 is Neutral, neither overbought nor oversold. The STOCH value of 18.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NATL.

NCR Atleos, LLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGYS	76 Outperform	$3.47B	143.81	8.74%	―	17.77%	-76.05%
ALRM	69 Neutral	$2.41B	20.67	16.89%	―	7.35%	2.44%
BL	67 Neutral	$3.12B	49.50	21.85%	―	7.36%	-40.62%
NATL	64 Neutral	$2.61B	21.56	41.41%	―	-0.14%	―
RNG	63 Neutral	$2.29B	186.93	―	―	5.45%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
DBD	58 Neutral	$2.23B	45.56	4.66%	―	-2.86%	985.78%

NCR Atleos, LLC Corporate Events

NCR Atleos Reports Strong Q3 2025 Earnings

NCR Atleos Corporation, a leader in self-service financial access, specializes in providing comprehensive solutions for financial institutions, retailers, and consumers, with a focus on ATM services and self-service banking.

NCR Atleos Reports Strong Q3 2025 Financial Results

NCR Atleos Corporation reported its third quarter 2025 financial results, showing a 4% year-over-year increase in total revenue to $1.12 billion, with 70% of this from recurring revenue streams. The company’s ATM as a Service (ATMaaS) business saw significant growth, with revenue increasing by 37% year-over-year and expectations for over 40% growth in the fourth quarter. Net income attributable to Atleos rose by 24% to $26 million, and adjusted EBITDA increased by 7% to $219 million. Despite challenges such as tariff volatility and immigration-related payroll changes, the company maintained its financial commitments and is on track for its 2025 goals, including beginning share repurchases and achieving a net leverage of 2.8x by year-end.

The most recent analyst rating on (NATL) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on NCR Atleos, LLC stock, see the NATL Stock Forecast page.

NCR Atleos Updates Bylaws to Enhance Governance

On October 28, 2025, NCR Atleos Corporation’s Board of Directors approved significant amendments to the company’s bylaws. These changes, effective immediately, aim to enhance procedural and disclosure requirements for stockholder proposals and director nominations, confirm the Board’s authority over committee and officer adjustments, and make various clarifying updates. This move is expected to streamline governance processes and potentially impact stakeholder engagement and corporate governance dynamics.

The most recent analyst rating on (NATL) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on NCR Atleos, LLC stock, see the NATL Stock Forecast page.

NCR Atleos Amends CEO Employment Agreement

On September 23, 2025, NCR Atleos Corporation’s Compensation and Human Resource Committee approved an amendment to CEO Timothy C. Oliver’s employment agreement. This amendment, effective October 16, 2025, maintains Oliver’s 300% Separation Multiplier under the Change in Control Severance Plan, which was set to reduce to 200%. The decision reflects the committee’s view of Oliver’s performance and importance to the company.

The most recent analyst rating on (NATL) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on NCR Atleos, LLC stock, see the NATL Stock Forecast page.

NCR Atleos Highlights Growth at Investor Conference

NCR Atleos, LLC announced its participation in an investor conference on September 3-4, 2025, highlighting its strategic growth initiatives and transformation into a software-led ATM as a service company. The company aims to drive growth and profitability through recurring revenue streams and plans to return cash to stockholders, while addressing risks related to its spin-off from NCR Corporation and evolving global regulations.

The most recent analyst rating on (NATL) stock is a Hold with a $41.00 price target. To see the full list of analyst forecasts on NCR Atleos, LLC stock, see the NATL Stock Forecast page.

NCR Atleos Reports Strong Q2 Earnings Amid Challenges

The recent earnings call for NCR Atleos, LLC painted a picture of a company experiencing a successful quarter, marked by robust revenue and profitability growth. The sentiment was largely positive, driven by significant achievements in the self-service banking and ATM-as-a-Service segments. Strategic initiatives, such as the Service First program, have led to enhanced customer satisfaction. However, the Network segment faced some revenue challenges, primarily due to external factors like tariffs and interest rates. Despite these hurdles, the overall performance and strategic direction of the company remain promising.

NCR Atleos Reports Strong Q2 2025 Financial Results

NCR Atleos, LLC, a leader in self-service financial technology, specializes in ATM services and operates in the financial technology sector, offering innovative solutions for financial institutions and retailers. In its second quarter of 2025, NCR Atleos reported strong financial results with a revenue of $1.10 billion, 70% of which came from recurring revenue streams, and a GAAP net income of $45 million. The company also announced a $200 million share repurchase authorization, reflecting its confidence in future growth. Key financial metrics showed a 2% year-over-year revenue increase and a 46% rise in GAAP diluted earnings per share, driven by robust demand for self-service banking technology and ATM outsourcing services. Despite a slight decrease in gross margin, the company achieved an 11% increase in income from operations and a 4% rise in adjusted EBITDA. Looking ahead, NCR Atleos remains optimistic about its growth prospects, reaffirming its full-year guidance and focusing on strategic initiatives to enhance shareholder value.