| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 13 | 260.5x | 17.3x | Bottom tier | |
Growth | 79 | 30.8% | 7.1% | Top tier | |
Quality | 55 | 3.7% | 4.5% | Around median | |
Safety | 53 | 1.0x | 2.6x | Around median | |
Capital Return | 8 | 0.00% | 0.06% | Bottom tier | |
Momentum | 33 | -5.2% | -1.6% | Bottom tier | |
Sentiment | 85 | 2 | 3 | Top tier |
The floor: what the company is worth if growth stopped today
93% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Nayax Ltd. provides a global commerce and payments platform serving businesses that rely on self-service or unattended points of sale. Its model begins with selling payment devices and connecting them to the platform, then generating recurring revenue from payment processing, software, and services provided to merchants; in Q2 fiscal 2026, the number of connected and managed devices exceeded 1.55 million, and the customer base reached 125 thousand customers across more than 40 sectors. Recurring revenue represented approximately 72% of total revenue, showing that most of the business has become tied to processing and software after device installation.
In Q2 fiscal 2026, revenue increased 28% year over year to approximately $123 million, including organic growth of 21%, while recurring revenue increased 24%. Device revenue reached $35 million after growing 40%, with approximately two-thirds of its year-over-year increase coming from Lynkwell, while total transaction value increased 29% to $2.1 billion. Gross margin was 47%, recurring revenue margin increased to 54% from 53%, and processing margin improved to approximately 41% from 39%, while device margin was 28.1%.
Adjusted earnings before interest, taxes, depreciation, and amortization reached $14 million in Q2 fiscal 2026, an increase of 12%, but the company recorded a net loss of $10.1 million compared with net income of $11.7 million in the corresponding period. The shift to a loss was primarily associated with an increase in stock-based compensation to $12.4 million, alongside higher financial expenses, while adjusted net income was $6 million. For fiscal 2025, Nayax generated revenue of $400.4 million, gross profit of $193 million, and net income of $35.5 million, compared with a net loss of $5.6 million in fiscal 2024.
The analyst consensus is "Buy," with an average price target of $75.95 and a range between $68 and $86; the average is slightly below the annual high of $76.86, while the highest target exceeds that high. The 52-week range is between $39.17 and $76.86, and no price-to-earnings ratio is available in the data, so the stock's valuation depends heavily on executing the fiscal 2026 guidance and improving cash flow following the reduced conversion guidance, rather than on an established earnings multiple.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Nayax sells payment devices to merchants and then connects them to a platform that processes transactions and provides software and operational services. In Q2 fiscal 2026, recurring revenue represented 72% of total revenue of approximately $123 million, while device revenue was $35 million. The platform includes more than 1.55 million connected and managed devices across 125 thousand customers, enabling additional revenue from every transaction and software service.
Revenue increased 28% year over year to approximately $123 million, and organic growth was 21%. The company recorded adjusted earnings before interest, taxes, depreciation, and amortization of $14 million, but incurred a net loss of $10.1 million due to stock-based compensation and higher financial expenses. Gross margin was 47%, while recurring revenue margin increased to 54% and processing margin improved to approximately 41%.
Lynkwell contributed approximately 65% of device revenue growth in Q2 fiscal 2026, amid expanding demand for electric vehicle charging solutions. Nayax combines payment solutions with Lynkwell's charge point management system, turning device installations into an opportunity for recurring software and payment revenue. Management stated that the pace of deploying DC fast chargers exceeded twice the pace recorded at the time of the acquisition, but Lynkwell's lower-margin device mix pressured the device margin to 28.1%.
Automated analysis for informational purposes only — not investment advice.
On August 6, 2026, Nayax submitted an application to establish a non-depository commercial innovation bank in Connecticut named Nayax American Bank. The charter is intended to support lending, card issuance, and other financial services for existing payment customers, using settlement data for underwriting and collection. Management expects a review lasting approximately six months, does not guarantee approval, and if approved, plans to operate the bank in 2027 with initial capitalization of $10 million.
Management expects revenue between $510 million and $520 million in fiscal 2026, with organic growth between 22% and 25%. It also expects adjusted earnings before interest, taxes, depreciation, and amortization between $85 million and $90 million and a margin of approximately 17%. In contrast, it lowered its expected conversion of these earnings into free cash flow to a range between 5% and 10% due to investments in Lynkwell, financial services, and component security.
The first risk is weak cash conversion, as free cash flow was negative $13.1 million in Q2 fiscal 2026, despite the reaffirmation of revenue and adjusted earnings guidance. The second is that stock-based compensation reached $12.4 million in the quarter and, together with financial expenses, contributed to a net loss of $10.1 million. The expansion of financial services also depends on regulatory approval that is not guaranteed, while the Lynkwell mix and shipping and logistics costs pressure the device margin.