NCR Voyix (VYX) AI Stock Analysis

• Market Cap: $1.44B
• Dividend Yield: N/A
• Average Volume (3M): 2.55M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.36
• Revenue Growth: -22.36%
• EPS Growth: 94.85%
• Country: US
• Employees: 14,000
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.31
• Shares Outstanding: 138,497,530
• 10 Day Avg. Volume: 2,142,473
• 30 Day Avg. Volume: 2,553,899
• PEG Ratio: 0.07
• Price to Book (P/B): 1.66
• Price to Sales (P/S): 0.71
• P/FCF Ratio: -5.74
• Enterprise Value/Market Cap: 2.13
• Enterprise Value/Revenue: 1.15
• Enterprise Value/Gross Profit: 5.05
• Enterprise Value/Ebitda: 11.97
• 1Y Price Target: $16.17
• Price Target Upside: 55.93% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 0.81
• Revenue Forecast (FY): $2.66B

• Rating: 49 Neutral
• Price Target: $11.50 ▲(10.90% Upside)

NCR Voyix's overall stock score reflects significant financial challenges, including declining revenues and cash flow issues, which are the most impactful factors. Technical analysis also indicates bearish trends, further weighing on the score. While the earnings call highlighted strategic initiatives and partnerships, these positives are overshadowed by the broader financial and operational difficulties.

Positive Factors

Strategic Shift to Software

The shift to a software-led business model can enhance margins and recurring revenue, providing a more stable and scalable growth path.

Partnership with Chipotle

The exclusive agreement with Chipotle strengthens market position and demonstrates trust in NCR Voyix's technology, potentially leading to further partnerships.

Recurring Revenue Growth

Growth in recurring revenue indicates a successful transition to a more predictable revenue model, enhancing financial stability and investor confidence.

Negative Factors

Declining Total Revenue

A decline in total revenue suggests challenges in maintaining sales momentum, which could impact long-term growth and profitability.

Cash Flow Challenges

Negative cash flow highlights liquidity issues, potentially limiting the company's ability to invest in growth and manage debt obligations effectively.

Operational Inefficiencies

Low EBIT margin indicates inefficiencies that could hinder profitability improvements, necessitating operational restructuring for better cost management.

NCR Voyix Business Overview & Revenue Model

Company Description

NCR Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service Banking segments. It offers managed services, including ATM-as-a-Service solutions that allow banks to run their end-to-end ATM channels; software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers. The company also provides solutions for banking channel services, transaction processing, imaging, and branch services. In addition, it offers solutions for retail industry comprising comprehensive API-point of sale (POS) retail software platforms and applications, hardware terminals and peripherals, payment processing solutions, and consumer engagement solutions, as well as self-service kiosks, which consists of self-checkout (SCO). Further, the company provides technology solutions to customers in the hospitality industry comprising table-service, quick-service, and fast casual restaurants. It also offers cloud-based and cloud-enabled software applications for point-of-sale, back office, payment processing, kitchen production, restaurant management, eCommerce, and consumer marketing and loyalty; and hospitality-oriented hardware products, such as POS terminals, kitchen display systems, handheld devices, printers, and peripherals. Additionally, the company provides managed network and infrastructure services to enterprise clients, as well as professional, field, and remote services for network technologies. It also offers solutions for customer account opening and onboarding across digital, branch, and call center channels. NCR Corporation was founded in 1881 and is headquartered in Atlanta, Georgia.

How the Company Makes Money

NCR Voyix generates revenue primarily through the sale of its POS hardware and software solutions, subscription fees for its cloud services, and transaction fees from payment processing services. The company has established significant partnerships with various financial institutions and technology providers, which contribute to its revenue by facilitating seamless payment processing and expanding its market reach. Additionally, NCR Voyix earns recurring revenue from maintenance contracts, software updates, and customer support services, creating a stable income stream while enhancing customer loyalty.

NCR Voyix Financial Statement Overview

Summary

NCR Voyix faces a challenging financial landscape with declining revenues and operational inefficiencies impacting profitability. While leverage has improved, cash flow issues persist, highlighting the need for strategic interventions to stabilize operations and enhance liquidity. The company must focus on sustainable revenue growth and operational efficiency to improve its financial health.

Income Statement

NCR Voyix's income statement reveals a challenging environment with declining revenue and profitability. The TTM data shows a negative revenue growth rate of -7.28%, indicating a contraction in sales. Despite a gross profit margin of 22.83%, the net profit margin is notably high at 36.51% due to a significant net income figure, which may be influenced by non-operational factors. The EBIT margin is low at 0.86%, reflecting operational inefficiencies. Overall, the income statement suggests a need for strategic improvements to stabilize revenue and enhance operational efficiency.

Balance Sheet

The balance sheet of NCR Voyix shows a mixed picture. The debt-to-equity ratio has improved to 1.17 in the TTM period, indicating better leverage management compared to previous years. However, the return on equity is exceptionally high at 86.88%, likely due to the high net income, which may not be sustainable. The equity ratio stands at 28.69%, suggesting a moderate reliance on equity financing. While leverage has improved, the company needs to focus on maintaining sustainable profitability.

Cash Flow

The cash flow statement highlights significant challenges for NCR Voyix. The operating cash flow is negative, and the free cash flow has deteriorated, with a growth rate of 99.65% indicating a worsening cash position. The operating cash flow to net income ratio is negative, suggesting cash flow issues despite reported profits. The free cash flow to net income ratio is positive at 1.28, indicating some ability to generate cash relative to net income. Overall, the cash flow situation requires urgent attention to improve liquidity and operational cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.65B	2.83B	3.18B	3.17B	3.69B	6.21B
Gross Profit	605.00M	579.00M	669.00M	684.00M	925.00M	1.52B
EBITDA	255.00M	232.00M	308.00M	578.00M	488.00M	523.00M
Net Income	-47.00M	958.00M	-423.00M	60.00M	97.00M	-79.00M
Balance Sheet
Total Assets	4.00B	4.45B	4.99B	11.51B	11.64B	8.41B
Cash, Cash Equivalents and Short-Term Investments	288.00M	724.00M	259.00M	221.00M	447.00M	338.00M
Total Debt	1.33B	1.35B	2.83B	5.94B	5.95B	3.60B
Total Liabilities	2.88B	3.25B	4.69B	9.75B	10.11B	7.09B
Stockholders Equity	1.12B	1.21B	301.00M	1.75B	1.53B	1.32B
Cash Flow
Free Cash Flow	-532.00M	-349.00M	317.00M	50.00M	661.00M	378.00M
Operating Cash Flow	-440.00M	-132.00M	694.00M	427.00M	1.01B	641.00M
Investing Cash Flow	62.00M	2.19B	-290.00M	-387.00M	-2.83B	-277.00M
Financing Cash Flow	-154.00M	-1.56B	-839.00M	1.00M	2.18B	-514.00M

NCR Voyix Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 10.37
• 50DMA: Negative
• 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 VYX, the sentiment is Neutral. The current price of 10.37 is above the 20-day moving average (MA) of 10.03, below the 50-day MA of 10.72, and below the 200-day MA of 11.32, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 51.28 is Neutral, neither overbought nor oversold. The STOCH value of 79.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for VYX.

NCR Voyix Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FLYW	69 Neutral	$1.81B	-528.57	-0.29%	―	22.71%	-111.24%
INOD	67 Neutral	$1.69B	54.64	46.40%	―	73.57%	56.21%
TASK	62 Neutral	$1.04B	13.13	15.40%	―	19.88%	51.03%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NABL	61 Neutral	$1.42B	-221.45	-0.83%	―	8.65%	-117.14%
BBAI	49 Neutral	$2.73B	-4.41	-111.83%	―	-6.95%	-53.69%
VYX	49 Neutral	$1.44B	-31.96	-3.73%	―	-22.36%	94.85%

NCR Voyix Corporate Events

NCR Voyix Reports Q3 2025 Financial Results

On November 6, 2025, NCR Voyix reported its financial results for the third quarter of 2025, showing a revenue of $684 million, a decrease from the previous year, but an improved net loss of $17 million compared to $29 million previously. The company also reported an adjusted EBITDA of $125 million, up from $95 million, and a non-GAAP diluted EPS of $0.31. The company announced partnerships with WEX and Corpay in October 2025 to enhance its payment acceptance capabilities, aiming to expand its cloud-native point-of-sale and fuel solutions in 2026. NCR Voyix remains focused on accelerating growth and solidifying its leadership in unified commerce as it looks towards 2026.

NCR Voyix Appoints New Chief Accounting Officer

On September 3, 2025, Anthony Radesca resigned as Chief Accounting Officer of NCR Voyix Corporation to pursue another opportunity, with no disagreements related to the company’s operations. Subsequently, on September 7, 2025, the board appointed James Wise as the new Senior Vice President & Chief Accounting Officer, effective September 12, 2025. Wise, who has been with the company since 2021, will receive a comprehensive compensation package, including a base salary of $320,000 and participation in the company’s incentive plans.