NCR Voyix (VYX) AI Stock Analysis

• Market Cap: $1.74B
• Dividend Yield: N/A
• Average Volume (3M): 1.75M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.34
• Revenue Growth: -43.28%
• EPS Growth: 15.29%
• Country: US
• Employees: 14,000
• Sector: Technology
• Sector Strength: 83
• Industry: Information Technology Services
• EPS (TTM): 0.19
• Shares Outstanding: 138,234,330
• 10 Day Avg. Volume: 1,445,952
• 30 Day Avg. Volume: 1,745,756
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.67
• Enterprise Value/Revenue: 1.09
• Enterprise Value/Gross Profit: 4.78
• Enterprise Value/Ebitda: 10.77
• 1Y Price Target: $23.00
• Price Target Upside: 72.80% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 51 Neutral
• Price Target: $13.50 ▲(1.43% Upside)

NCR Voyix's overall stock score is primarily influenced by its challenging financial performance, with declining revenues and cash flow issues. However, the positive sentiment from the earnings call, highlighting growth in recurring revenue and strategic initiatives, provides some optimism. The technical analysis and valuation metrics present additional concerns, with bearish signals and a negative P/E ratio.

Positive Factors

Earnings

VYX posted results which came in better than expected, highlighting strong performance.

SaaS Growth

SaaS ARR grew 6.8% year-over-year and platform sites increased 16%, showing strong customer conversion to its SaaS offering.

Valuation

Valuation at an inexpensive ~6x EV/EBITDA on future estimates makes the risk-reward attractive.

Negative Factors

Hardware Sales

Hardware revenue continues to decline significantly, with a 29% year-over-year decrease, highlighting ongoing challenges in this segment.

Partnership Delays

The Ennoconn ODM agreement is taking longer than expected to become operational, potentially impacting supply chain strategy.

Revenue Decline

Revenue declined approximately 13% year-over-year, impacted by soft hardware sales and the departure of a one-time $20 million software and services benefit.

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 through multiple streams, primarily by providing payment processing services to businesses, which includes transaction fees for each payment processed. Additionally, they offer subscription-based models for their software solutions, allowing businesses to access advanced analytics and customer engagement tools. Revenue is further supplemented through strategic partnerships with financial institutions and technology providers, facilitating integrated solutions that enhance the overall value proposition. Furthermore, NCR Voyix benefits from service contracts and ongoing maintenance agreements, ensuring a steady income flow from existing clients.

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.

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	2.68B	2.83B	3.83B	3.17B	3.69B	6.21B
Gross Profit	611.00M	579.00M	962.00M	919.00M	957.00M	1.52B
EBITDA	271.00M	232.00M	530.00M	783.00M	1.07B	528.00M
Net Income	977.00M	958.00M	-423.00M	60.00M	97.00M	-79.00M
Balance Sheet
Total Assets	3.98B	4.45B	4.99B	11.51B	11.64B	8.41B
Cash, Cash Equivalents and Short-Term Investments	276.00M	724.00M	262.00M	221.00M	447.00M	338.00M
Total Debt	1.34B	1.35B	2.89B	6.02B	6.08B	3.73B
Total Liabilities	2.84B	3.25B	4.69B	9.75B	10.11B	7.09B
Stockholders Equity	1.14B	1.21B	301.00M	1.75B	1.53B	1.32B
Cash Flow
Free Cash Flow	-565.00M	-349.00M	317.00M	70.00M	729.00M	378.00M
Operating Cash Flow	-443.00M	-132.00M	694.00M	447.00M	1.08B	641.00M
Investing Cash Flow	2.19B	2.19B	-290.00M	-387.00M	-2.83B	-277.00M
Financing Cash Flow	-1.66B	-1.56B	-839.00M	1.00M	2.18B	-514.00M

NCR Voyix Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.31
• 50DMA: Positive
• 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 VYX, the sentiment is Positive. The current price of 13.31 is above the 20-day moving average (MA) of 12.90, above the 50-day MA of 13.20, and above the 200-day MA of 12.00, indicating a bullish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 53.76 is Neutral, neither overbought nor oversold. The STOCH value of 31.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VYX.

NCR Voyix Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FORTY	76 Outperform	$2.06B	26.19	11.46%	1.43%	9.16%	16.38%
FLYW	72 Outperform	$1.60B	316.06	0.86%	―	22.20%	―
TASK	70 Outperform	$1.62B	26.95	12.49%	―	19.04%	24.49%
NABL	63 Neutral	$1.47B	512.42	0.37%	―	7.40%	-90.72%
Sector *	61 Neutral	$35.52B	8.84	-11.06%	1.87%	8.55%	-8.14%
PSFE	61 Neutral	$798.03M	39.11	-5.88%	―	0.47%	-292.07%
VYX	51 Neutral	$1.74B	―	-8.85%	―	-43.28%	15.29%

NCR Voyix Corporate Events

NCR Voyix Reports Q2 2025 Financial Results

On August 7, 2025, NCR Voyix reported its financial results for the second quarter of 2025, ending June 30. The company saw a decrease in revenue to $666 million from $722 million in the previous year, but net income improved to $1 million from a $90 million loss. Adjusted EBITDA increased to $95 million, and the company maintained its full-year 2025 outlook. NCR Voyix continues to focus on strategic initiatives, including product innovation and expanding payment capabilities, which are expected to drive value for customers and shareholders.

NCR Voyix Holds Annual Stockholders Meeting

On June 6, 2025, NCR Voyix Corporation held its Annual Meeting of Stockholders where key decisions were made regarding the company’s governance and financial oversight. During the meeting, nine directors were elected, executive compensation was approved on a non-binding advisory basis, and PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2025. These decisions reflect the company’s commitment to maintaining strong leadership and financial integrity, potentially impacting its operational strategies and stakeholder confidence.