(VYX) NCR Voyix - Overview
Sector: Technology | Industry: Information Technology Services | Exchange: NYSE (USA) | Market Cap: 896m USD | Total Return: -41.1% in 12m
Avg Turnover: 13.3M
EPS Trend: -12.8%
Qual. Beats: 0
Rev. Trend: 16.5%
Qual. Beats: 0
Warnings
High Debt while negative Cash Flow
Interest Coverage Ratio 0.9 is critical
Altman Z'' 0.73 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
NCR Voyix Corporation (VYX) is a global provider of digital commerce software and hardware, specializing in the retail and hospitality sectors. Following its rebranding from NCR Corporation in 2023, the company focused its operations on two primary segments: Retail and Restaurants. Its portfolio includes cloud-native POS systems, self-checkout kiosks, payment processing, and back-office management tools for inventory and labor.
The business model relies on a combination of hardware sales and recurring software-as-a-service (SaaS) revenue. In the broader application software sector, companies are increasingly shifting toward platform-based models that integrate payment processing directly into the commerce software to capture higher margins. NCR Voyix maintains a significant global footprint, servicing diverse clients from small-scale restaurants to large-scale big-box retailers and grocery chains.
Reviewing the companys historical performance on ValueRay can provide deeper insights into its valuation since the corporate spin-off.
The company’s hardware division provides critical infrastructure such as kitchen display systems and barcode scanners, while its professional services arm handles field maintenance and installation. This dual approach allows the firm to manage the entire technology stack for physical storefronts transitioning to digital-first operations.
- Self-checkout adoption rates in grocery and retail sectors impact hardware revenue
- Shift to subscription-based software models determines long-term recurring revenue growth
- Labor shortage in hospitality drives demand for restaurant automation solutions
- High debt levels post-spinoff increase sensitivity to interest rate fluctuations
- Competition from cloud-native POS providers pressures market share in mid-market retail
| Net Income: -3.00m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.10 > 0.02 and ΔFCF/TA -4.90 > 1.0 |
| NWC/Revenue: 2.39% < 20% (prev 5.97%; Δ -3.57% < -1%) |
| CFO/TA -0.03 > 3% & CFO -126.0m > Net Income -3.00m |
| Net Debt (1.29b) to EBITDA (301.0m): 4.30 < 3 |
| Current Ratio: 1.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (139.0m) vs 12m ago -0.64% < -2% |
| Gross Margin: 23.58% > 18% (prev 0.21%; Δ 2.34k% > 0.5%) |
| Asset Turnover: 64.80% > 50% (prev 63.01%; Δ 1.79% > 0%) |
| Interest Coverage Ratio: 0.91 > 6 (EBITDA TTM 301.0m / Interest Expense TTM 86.0m) |
| A: 0.02 (Total Current Assets 1.17b - Total Current Liabilities 1.11b) / Total Assets 3.92b |
| B: 0.14 (Retained Earnings 551.0m / Total Assets 3.92b) |
| C: 0.02 (EBIT TTM 78.0m / Avg Total Assets 4.13b) |
| D: 0.04 (Book Value of Equity 104.0m / Total Liabilities 2.79b) |
| Altman-Z'' = 0.73 = B |
| DSRI: 0.82 (Receivables 457.0m/567.0m, Revenue 2.68b/2.73b) |
| GMI: 0.89 (GM 23.58% / 21.08%) |
| AQI: 1.11 (AQ_t 0.61 / AQ_t-1 0.54) |
| SGI: 0.98 (Revenue 2.68b / 2.73b) |
| TATA: 0.03 (NI -3.00m - CFO -126.0m) / TA 3.92b) |
| Beneish M = -3.18 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at USD 6.59 with a total of 1,757,295 shares traded.
Over the past week, the price has changed by -1.05%,
over one month by -6.66%,
over three months by -26.70% and
over the past year by -41.06%.
NCR Voyix has received a consensus analysts rating of 4.38. Therefore, it is recommended to buy VYX.
- StrongBuy: 5
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 12.9 | 95.4% |
P/E Trailing = 23.2143
P/E Forward = 8.8339
P/S = 0.3341
P/B = 1.24
P/EG = 2.6842
Revenue TTM = 2.68b USD
EBIT TTM = 78.0m USD
EBITDA TTM = 301.0m USD
Long Term Debt = 1.10b USD (from longTermDebt, last quarter)
Short Term Debt = 52.0m USD (from shortTermDebt, last fiscal year)
Debt = 1.54b USD (from shortLongTermDebtTotal, last quarter) + Leases 219.0m
Net Debt = 1.29b USD (calculated: Debt 1.54b - CCE 243.0m)
Enterprise Value = 2.19b USD (895.7m + Debt 1.54b - CCE 243.0m)
Interest Coverage Ratio = 0.91 (Ebit TTM 78.0m / Interest Expense TTM 86.0m)
EV/FCF = -5.87x (Enterprise Value 2.19b / FCF TTM -373.0m)
FCF Yield = -17.03% (FCF TTM -373.0m / Enterprise Value 2.19b)
FCF Margin = -13.94% (FCF TTM -373.0m / Revenue TTM 2.68b)
Net Margin = -0.11% (Net Income TTM -3.00m / Revenue TTM 2.68b)
Gross Margin = 23.58% ((Revenue TTM 2.68b - Cost of Revenue TTM 2.04b) / Revenue TTM)
Gross Margin QoQ = 21.45% (prev 25.0%)
Tobins Q-Ratio = 0.56 (Enterprise Value 2.19b / Total Assets 3.92b)
Interest Expense / Debt = 5.59% (Interest Expense 86.0m / Debt 1.54b)
Taxrate = 21.0% (US default 21%)
NOPAT = 61.6m (EBIT 78.0m * (1 - 21.00%))
Current Ratio = 1.06 (Total Current Assets 1.17b / Total Current Liabilities 1.11b)
Debt / Equity = 1.36 (Debt 1.54b / totalStockholderEquity, last quarter 1.14b)
Debt / EBITDA = 4.30 (Net Debt 1.29b / EBITDA 301.0m)
Debt / FCF = -3.47 (negative FCF - burning cash) (Net Debt 1.29b / FCF TTM -373.0m)
Total Stockholder Equity = 1.14b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.07% (Net Income -3.00m / Total Assets 3.92b)
RoE = -0.26% (Net Income TTM -3.00m / Total Stockholder Equity 1.14b)
RoCE = 3.48% (EBIT 78.0m / Capital Employed (Equity 1.14b + L.T.Debt 1.10b))
RoIC = 2.15% (NOPAT 61.6m / Invested Capital 2.87b)
WACC = 7.71% (E(895.7m)/V(2.43b) * Re(13.36%) + D(1.54b)/V(2.43b) * Rd(5.59%) * (1-Tc(0.21)))
Discount Rate = 13.36% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -22.47 | Cagr: -0.76%
[DCF] Fair Price = unknown (Cash Flow -373.0m)
EPS Correlation: -12.82 | EPS CAGR: -14.24% | SUE: -0.04 | # QB: 0
Revenue Correlation: 16.47 | Revenue CAGR: 28.64% | SUE: 0.32 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.15 | Chg30d=-26.53% | Revisions=-60% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.28 | Chg30d=-2.54% | Revisions=+0% | Analysts=7
EPS current Year (2026-12-31): EPS=0.90 | Chg30d=-3.21% | Revisions=-60% | GrowthEPS=+0.5% | GrowthRev=-17.9%
EPS next Year (2027-12-31): EPS=0.99 | Chg30d=-2.43% | Revisions=-25% | GrowthEPS=+9.2% | GrowthRev=-1.4%
[Analyst] Revisions Ratio: -60%