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1. Company Snapshot

1.a. 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.

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1.b. Last Insights on VYX

The recent 3-month performance of NCR Voyix Corporation was marred by a quarterly loss of $0.08 per share, surpassing the Zacks Consensus Estimate of $0.07. This decline in earnings was a stark contrast to the $0.34 per share earned in the same period last year. The company's leadership change, with James G. Kelly taking over as President and CEO, may have contributed to the uncertainty surrounding the company's performance. Additionally, the announcement of a quarterly loss may have dampened investor sentiment, particularly in light of the company's recent contract award with the Defense Commissary Agency.

1.c. Company Highlights

2. NCR Voyix Q3 2025 Earnings: A Strong Step Towards Becoming a Software-Led Business

NCR Voyix reported total revenue of $684 million for the third quarter, a 3% decline due to lower hardware sales and one-time software and services revenue. However, recurring revenue increased 5% to $425 million, driven by 7% growth in restaurants and 4% growth in retail. Adjusted EBITDA was $125 million, a 32% increase, with a margin expansion of 490 basis points to 18.3%. The company's EPS came in at $0.31, beating estimates of $0.22. The strong performance was largely driven by the company's focus on high-margin software and services businesses.

Publication Date: Nov -25

📋 Highlights

Operational Highlights

The company is making significant progress in its transformation into a software-led business, with the outsourcing of its hardware business to Ennoconn beginning in January. This shift is expected to reduce capital intensity, streamline the operating model, and enable greater focus on high-margin software and services businesses. The company is also modernizing legacy commercial structures, introducing price escalators to better align pricing with the value delivered.

Growth Prospects

NCR Voyix is well-positioned for growth, with a strong pipeline of RFPs and a focus on expanding its payments presence across enterprise, grocery, fuel, and restaurant verticals. The company has signed a new 6-year exclusive agreement with Chipotle, expanding their relationship and implementing the Aloha next-generation point-of-sale and supporting applications across 4,000 restaurants worldwide. As Nick East noted, customers are "hungry to compete for consumer business, wanting to deliver faster experiences and competing offers, which is driving technology investments."

Valuation

With a P/E Ratio of 1.37 and an EV/EBITDA of 12.1, the company's valuation appears reasonable. However, the Net Debt / EBITDA ratio of 5.24 raises some concerns about the company's leverage. Analysts estimate next year's revenue growth at -16.2%, which may put pressure on the stock. Nevertheless, the company's focus on high-margin software and services businesses and its strong pipeline of RFPs position it for long-term growth.

Outlook

NCR Voyix expects revenue to be between $2.65 billion and $2.67 billion, with adjusted EBITDA ranging from $420 million to $435 million, and non-GAAP diluted EPS between $0.85 and $0.90. The company is taking incremental cost actions, including headcount reductions, and expects adjusted free cash flow to be between $170 million and $175 million, excluding restructuring and transformation costs. With its strong operational performance and growth prospects, NCR Voyix is well-positioned to achieve its financial objectives.

3. NewsRoom

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Creative Planning Boosts Position in NCR Voyix Corporation $VYX

Nov -29

Source: defenseworld.net

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NCR Voyix to Present at Upcoming Investor Conferences

Nov -14

Source: businesswire.com

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NCR Voyix Corporation (VYX) Q3 2025 Earnings Call Transcript

Nov -06

Source: seekingalpha.com

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NCR Voyix (VYX) Beats Q3 Earnings and Revenue Estimates

Nov -06

Source: zacks.com

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Cash is Old School, Code is Cool: Top Mobile Payment Stocks to Buy

Oct -27

Source: zacks.com

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3 Stocks to Buy From a Prospering Technology Solutions Industry

Oct -23

Source: zacks.com

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Yousif Capital Management LLC Decreases Position in NCR Voyix Corporation $VYX

Oct -23

Source: defenseworld.net

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Marco's Pizza Selects NCR Voyix to Power International Expansion

Oct -22

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (1.14%)

6. Segments

Retail

Expected Growth: 1.2%

NCR Voyix Corporation's 1.2% retail growth is driven by increasing adoption of omnichannel retailing, rising demand for self-service kiosks, and growing need for inventory management and supply chain optimization. Additionally, the company's focus on providing seamless customer experiences and its expansion into new markets also contribute to its growth.

Restaurants

Expected Growth: 0.8%

NCR Voyix Corporation's 0.8 growth in the restaurant segment is driven by increasing adoption of digital ordering and payment systems, rising demand for online food delivery, and strategic partnerships with food aggregators. Additionally, restaurants are investing in data analytics to enhance customer experience and optimize operations, contributing to moderate growth.

Digital Banking

Expected Growth: 1.5%

NCR Voyix Corporation's 1.5% growth in Digital Banking is driven by increasing adoption of online and mobile banking, demand for digital payment solutions, and the need for banks to reduce operational costs and enhance customer experience. Additionally, advancements in AI, blockchain, and cloud technology are fueling innovation and growth in the digital banking space.

Other

Expected Growth: 0.9%

NCR Voyix Corporation's 0.9 growth is driven by increasing demand for digital transformation in the retail industry, expansion into new markets, and strategic partnerships. Additionally, the company's focus on innovation, customer experience, and operational efficiency has contributed to its growth.

7. Detailed Products

Retail Point of Sale (POS) Solutions

NCR's retail POS solutions provide retailers with a comprehensive platform to manage their sales, inventory, and customer data.

Restaurant Point of Sale (POS) Solutions

NCR's restaurant POS solutions offer restaurants a flexible and scalable platform to manage orders, inventory, and customer data.

Banking and Financial Services Solutions

NCR's banking and financial services solutions provide banks and financial institutions with a range of solutions for branch transformation, digital banking, and ATM services.

Self-Checkout Solutions

NCR's self-checkout solutions enable retailers to provide customers with a convenient and efficient checkout experience.

Kiosk Solutions

NCR's kiosk solutions provide businesses with a range of self-service kiosks for ordering, payment, and information access.

Digital Signage Solutions

NCR's digital signage solutions enable businesses to create engaging and interactive experiences for customers.

8. NCR Voyix Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

NCR Voyix Corporation faces moderate threat from substitutes due to the presence of alternative solutions in the market.

Bargaining Power Of Customers

NCR Voyix Corporation's customers have significant bargaining power due to their ability to switch to alternative solutions.

Bargaining Power Of Suppliers

NCR Voyix Corporation has a diverse supplier base, reducing the bargaining power of individual suppliers.

Threat Of New Entrants

The threat of new entrants in the market is moderate due to the presence of barriers to entry, such as high capital requirements.

Intensity Of Rivalry

The market is highly competitive, with several established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 89.73%
Debt Cost 7.96%
Equity Weight 10.27%
Equity Cost 11.99%
WACC 8.37%
Leverage 873.75%

11. Quality Control: NCR Voyix Corporation passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Cantaloupe

A-Score: 5.2/10

Value: 3.3

Growth: 8.7

Quality: 7.1

Yield: 0.0

Momentum: 7.0

Volatility: 5.0

1-Year Total Return ->

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Stock-Card
Innodata

A-Score: 4.7/10

Value: 0.0

Growth: 9.3

Quality: 8.1

Yield: 0.0

Momentum: 10.0

Volatility: 0.7

1-Year Total Return ->

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Stock-Card
NCR Voyix

A-Score: 4.3/10

Value: 8.1

Growth: 3.0

Quality: 6.4

Yield: 0.0

Momentum: 4.0

Volatility: 4.7

1-Year Total Return ->

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Stock-Card
Castellum

A-Score: 3.9/10

Value: 7.6

Growth: 6.0

Quality: 4.1

Yield: 0.0

Momentum: 5.0

Volatility: 0.7

1-Year Total Return ->

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Stock-Card
Telos

A-Score: 3.6/10

Value: 6.8

Growth: 0.8

Quality: 3.3

Yield: 0.0

Momentum: 10.0

Volatility: 0.7

1-Year Total Return ->

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Stock-Card
Digimarc

A-Score: 2.8/10

Value: 6.8

Growth: 3.8

Quality: 4.5

Yield: 0.0

Momentum: 0.0

Volatility: 1.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

10.09$

Current Price

10.1$

Potential

-0.00%

Expected Cash-Flows