NCR Atleos, LLC (NATL) AI Stock Analysis

• Market Cap: $2.79B
• Dividend Yield: N/A
• Average Volume (3M): 424.18K
• Price to Earnings (P/E): 21.8
• Beta (1Y): 0.91
• Revenue Growth: -0.61%
• EPS Growth: N/A
• Country: US
• Employees: 20,000
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.93
• Shares Outstanding: 73,585,990
• 10 Day Avg. Volume: 363,099
• 30 Day Avg. Volume: 424,180
• 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: 1.62
• Enterprise Value/Revenue: 1.06
• Enterprise Value/Gross Profit: 4.21
• Enterprise Value/Ebitda: 5.82
• 1Y Price Target: $48.25
• Price Target Upside: 25.85% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 59 Neutral
• Price Target: $40.00 ▲(4.33% Upside)

NCR Atleos, LLC has a mixed outlook. Strong revenue growth and positive earnings call sentiment are offset by financial risks due to high leverage and challenges in profitability. Technical indicators suggest potential short-term weakness, while valuation is moderate.

Positive Factors

Revenue Growth

The robust revenue growth rate indicates strong demand for NATL's services, suggesting effective market penetration and product adoption, which can support long-term business expansion.

ATM-as-a-Service Expansion

The significant growth in ATM-as-a-Service and backlog indicates strong future revenue potential, highlighting the company's ability to capture market share and enhance customer engagement.

Operational Efficiency

Enhancements in operational efficiency through AI and service optimization improve margins, indicating sustainable cost management and competitive advantage in service delivery.

Negative Factors

High Leverage

High leverage poses financial risks, potentially limiting the company's ability to invest in growth opportunities and increasing vulnerability to economic downturns.

Profitability Challenges

Low net profit margin indicates difficulties in converting revenue into profit, which may affect long-term financial health and the ability to reinvest in the business.

Cash Flow Generation

Limited cash generation relative to net income can constrain operational flexibility and investment capacity, impacting long-term growth and stability.

NCR Atleos, LLC Business Overview & Revenue Model

Company Description

NCR ATMCo, LLC operates as a financial technology company in the United States, rest of Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Payments and Network, and Telecommunications and Technology. It provides self-directed banking solutions through automated and interactive teller machine technology, including software, services, hardware, and Allpoint network. The company also offers managed network and infrastructure services to enterprise clients across various industries through direct relationships with communications service providers and technology manufacturers. It serves financial institutions, merchants, manufacturers, retailers, and consumers. The company is headquartered in Atlanta, Georgia.

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 shows strong revenue growth but faces challenges in profitability and cash flow generation. High leverage poses financial risks, and improvements in operational efficiency and cash flow management are needed.

Income Statement

NCR Atleos, LLC shows a strong revenue growth rate of 54.2% in the TTM, indicating robust top-line expansion. However, the net profit margin is relatively low at 1.17%, suggesting challenges in converting revenue into profit. The gross profit margin of 25.13% is healthy, but there is room for improvement in operational efficiency as indicated by the EBIT margin of 11.41%.

Balance Sheet

The company's balance sheet reveals a high debt-to-equity ratio of 8.62, indicating significant leverage which could pose financial risks. The return on equity is 17.41%, showing decent profitability for shareholders. However, the equity ratio is low, reflecting a heavy reliance on debt financing.

Cash Flow

The cash flow statement shows a decline in free cash flow growth by 7.69% in the TTM, which is a concern. The operating cash flow to net income ratio of 0.15 suggests limited cash generation relative to net income. However, the free cash flow to net income ratio of 0.54 indicates some ability to generate cash from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.27B	4.32B	4.19B	4.36B	3.55B
Gross Profit	1.07B	1.03B	933.00M	918.00M	892.00M
EBITDA	776.00M	449.00M	451.00M	447.00M	459.00M
Net Income	50.00M	91.00M	-134.00M	-284.00M	186.00M
Balance Sheet
Total Assets	5.81B	5.55B	5.74B	5.77B	5.58B
Cash, Cash Equivalents and Short-Term Investments	636.00M	419.00M	339.00M	293.00M	238.00M
Total Debt	3.02B	3.05B	3.12B	884.00M	1.46B
Total Liabilities	5.46B	5.29B	5.45B	2.51B	3.24B
Stockholders Equity	350.00M	260.00M	284.00M	3.26B	2.33B
Cash Flow
Free Cash Flow	156.00M	205.00M	223.00M	177.00M	338.00M
Operating Cash Flow	287.00M	344.00M	355.00M	274.00M	449.00M
Investing Cash Flow	-122.00M	-135.00M	-316.00M	-417.00M	-2.49B
Financing Cash Flow	-170.00M	-134.00M	31.00M	183.00M	2.35B

NCR Atleos, LLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 38.34
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NATL, the sentiment is Positive. The current price of 38.34 is below the 20-day moving average (MA) of 38.62, below the 50-day MA of 38.97, and above the 200-day MA of 31.18, indicating a neutral trend. The MACD of -0.23 indicates Positive momentum. The RSI at 49.80 is Neutral, neither overbought nor oversold. The STOCH value of 58.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	$3.18B	235.30	5.21%	―	17.91%	-86.60%
ALRM	68 Neutral	$2.55B	21.46	17.95%	―	7.81%	20.84%
BL	67 Neutral	$3.34B	42.48	23.79%	―	7.99%	-28.47%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NATL	59 Neutral	$2.79B	21.76	44.00%	―	-0.61%	―
RNG	54 Neutral	$2.60B	―	―	―	6.47%	90.60%
DBD	52 Neutral	$2.09B	―	-1.23%	―	-3.75%	-100.59%

NCR Atleos, LLC Corporate Events

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.

NCR Atleos Reports Strong Q2 2025 Financial Results

On August 6, 2025, NCR Atleos Corporation reported its second quarter 2025 financial results, highlighting strong performance with revenue reaching $1.10 billion, 70% of which came from recurring revenue. The company’s GAAP net income was $45 million, and adjusted EBITDA was $205 million. The results were driven by growth in ATM outsourcing services and robust hardware demand. The company reaffirmed its growth outlook and announced a $200 million share repurchase program, representing about 10% of its current market capitalization, signaling confidence in its strategic momentum and shareholder value creation.

The most recent analyst rating on (NATL) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on NCR Atleos, LLC stock, see the NATL Stock Forecast page.