NCR Atleos, LLC (NATL) AI Stock Analysis

• Market Cap: $2.74B
• Dividend Yield: N/A
• Average Volume (3M): 481.78K
• Price to Earnings (P/E): 23.1
• Beta (1Y): 0.97
• 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: 313,358
• 30 Day Avg. Volume: 481,777
• 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: 1.97
• Enterprise Value/Revenue: 1.27
• Enterprise Value/Gross Profit: 5.17
• Enterprise Value/Ebitda: 7.76
• 1Y Price Target: $48.25
• Price Target Upside: 27.31% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 4.01
• Revenue Forecast (FY): $4.35B

• Rating: 69 Neutral
• Price Target: $40.00 ▲(5.54% Upside)

NCR Atleos, LLC's overall stock score is driven by strong earnings call insights and solid financial performance. Technical analysis and valuation present moderate conditions, with no dividend yield impacting valuation attractiveness. The company's strategic growth initiatives and resilience in the face of challenges are key strengths.

Positive Factors

Revenue Growth

Consistent revenue growth and EBITDA improvement indicate strong market demand and effective operational strategies, supporting long-term business expansion.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, allowing for reinvestment in growth initiatives and debt reduction, supporting sustainable operations.

ATM-as-a-Service Growth

Significant growth in ATM-as-a-Service reflects successful product adoption and market penetration, contributing to long-term revenue streams and competitive positioning.

Negative Factors

Operational Challenges

Declining EBIT margins suggest operational inefficiencies, which could hinder profitability and require strategic adjustments to maintain competitive advantage.

Equity Strength

A low equity ratio indicates limited financial buffer, which may pose risks during economic downturns or financial stress, impacting long-term stability.

Tariff Impact

Tariff-related costs introduce financial uncertainty, potentially affecting profitability and requiring strategic cost management to mitigate long-term impacts.

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 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: Positive
• Last Price: 37.90
• 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 NATL, the sentiment is Positive. The current price of 37.9 is above the 20-day moving average (MA) of 36.29, above the 50-day MA of 37.18, and above the 200-day MA of 31.99, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 58.42 is Neutral, neither overbought nor oversold. The STOCH value of 57.94 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	$3.59B	146.08	8.74%	―	17.77%	-76.05%
ALRM	72 Outperform	$2.62B	22.37	16.89%	―	7.35%	2.44%
BL	71 Outperform	$3.47B	53.30	21.85%	―	7.36%	-40.62%
NATL	69 Neutral	$2.74B	23.13	41.41%	―	-0.14%	―
RNG	63 Neutral	$2.63B	217.46	―	―	5.45%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
DBD	58 Neutral	$2.35B	49.19	4.66%	―	-2.86%	985.78%

NCR Atleos, LLC Corporate Events

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.

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.

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.