Company Valuation: NCR Voyix Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,298 3,217 2,388 2,020 1,413 944.4 - -
Change - -39.29% -25.77% -15.39% -30.07% -33.15% - -
Enterprise Value (EV) 1 10,413 8,273 4,689 2,701 2,287 1,832 1,666 1,439
Change - -20.56% -43.32% -42.39% -15.35% -19.9% -9.03% -13.62%
P/E 69.3x 68.9x -5.42x 2.12x 34x 33.4x 29.1x -
PBR 4.23x 2.18x - 2.11x - - - -
PEG - -1.7x 0x -0x -0.4x -1.1x 2x -
Capitalization / Revenue 0.74x 0.41x 0.62x 0.72x 0.53x 0.43x 0.44x 0.43x
EV / Revenue 1.46x 1.05x 1.22x 0.96x 0.85x 0.83x 0.77x 0.65x
EV / EBITDA 8.37x 6.04x 7.59x 7.44x 5.38x 4.21x 3.6x 3.1x
EV / EBIT 13.9x 10.3x 21.7x 26.7x 11.9x 7.44x 6.35x 5.35x
EV / FCF 14.3x 118x 8.31x 19.7x -6.1x -26.2x 23.8x -
FCF Yield 7% 0.85% 12% 5.07% -16.4% -3.82% 4.2% -
Dividend per Share 2 - - - - - 0.09 0.09 0.09
Rate of return - - - - - 1.32% 1.32% 1.32%
EPS 2 0.58 0.34 -3.12 6.52 0.3 0.205 0.235 -
Distribution rate - - - - - 43.9% 38.3% -
Net sales 1 7,156 7,844 3,830 2,818 2,687 2,199 2,171 2,202
EBITDA 1 1,244 1,370 618 363 425 435.1 462.3 465
EBIT 1 751 803 216 101 192 246.2 262.2 268.9
Net income 1 81 44 -438 943 42 30 35 -
Net Debt 1 5,115 5,056 2,301 681 874 887.3 721.9 494.9
Reference price 2 40.200 23.410 16.910 13.840 10.200 6.840 6.840 6.840
Nbr of stocks (in thousands) 131,800 137,400 141,200 145,968 138,498 138,070 - -
Announcement Date 2/8/22 2/7/23 2/29/24 2/27/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.37x0.83x4.21x1.32% 944M
21.6x3.56x12.43x3.08% 207B
21.99x4.64x11.38x0.76% 189B
-599.1x42.61x175.06x-.--% 124B
-133.59x18.57x102.82x-.--% 120B
13.62x1.52x7.99x3.52% 112B
13.27x2.4x9.06x6.19% 77.38B
19.25x5.15x12.66x2.92% 57.65B
-17.04x7.34x12.48x-.--% 48.05B
22.15x1.83x11.6x1.4% 43.68B
Average -60.45x 8.85x 35.97x 1.92% 97.94B
Weighted average by Cap. -79.23x 10.41x 43.00x 1.93%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation NCR Voyix Corporation