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Nayax Ltd. (NYAX) 10-Year Financial Performance & Capital Metrics

NYAX • • Industrial / General
TechnologyIT ServicesPayment Processing & Financial TechnologySpecialized Payment Solutions
AboutNayax Ltd., a fintech company, operates system and payment platform worldwide. The company offers VPOS TOUCH that provides contactless and contact payment options; VPOS FUSION, a cashless payment card reader; ONYX, a contactless card reader and telemetry device; AMIT 3.0, a M2M vending telemetry solution; NOVA 156, a points of sale(POS)-handheld smart POS terminal; NOVA 125,a combined dual interface product with a printer and a barcode scanner; NOVA 55, an android-based that enables clearing payments using swipe, contactless, and contact payment methods, as well as accepting alternative payment methods, such as digital wallets and tap on pay; and NOVA 45 and NOVA 40, a handheld mini smart terminals for attended POS. It also provides electric vehicle charging stations; and Monyx Wallet, a digital wallet app installed on the consumer's mobile phone that enables cashless payments using only the mobile phone. In addition, the company provides cashless payments systems; telemetry services, including remote management, monitoring, and control of the unattended POS and service; closed-circuit prepaid card solutions; and management software for unattended machines. Further, it operates marketing, loyalty, and consumer engagement platform. The company sells its products directly, as well as through resellers and distributors. It serves various verticals, including snacks and drinks automatic vending machines, coffee machines, kiddie and amusement rides, massage chairs, laundromats, machines for selling non-prescription drugs, car wash, parking, tourist, fueling, and ticket machines, as well as kiosks, public restrooms, photo booth, donations, AIR/VAC, and ice cream vending machines. The company was incorporated in 2005 and is based in Herzliya, Israel.Show more
  • Revenue $314M +33.3%
  • EBITDA $24M +7608.1%
  • Net Income -$6M +64.6%
  • EPS (Diluted) -0.16 +66.7%
  • Gross Margin 45.07% +20.2%
  • EBITDA Margin 7.79% +5682.1%
  • Operating Margin 0.99% +118.8%
  • Net Margin -1.79% +73.4%
  • ROE -4.28% +72.7%
  • ROIC 1.72% +121.7%
  • Debt/Equity 0.33 -56.8%
  • Interest Coverage 0.37 +108.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 80 (top 20%)
  • ✓Strong 5Y sales CAGR of 37.6%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Expensive at 12.8x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y37.61%
3Y38.14%
TTM25.85%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM323.79%

EPS CAGR

10Y-
5Y-
3Y-
TTM306.91%

ROCE

10Y Avg-13.4%
5Y Avg-13.53%
3Y Avg-11.34%
Latest1.86%

Peer Comparison

Specialized Payment Solutions
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Sector-Specific
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FLYWFlywire Corporation1.67B13.87619.2022.09%-0.42%-0.29%5.43%0.00
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USIOUsio, Inc.37.41M1.3711.420.41%-0.46%-2.08%5.09%0.20
JFU9F Inc.52.73M6.051.44-24.85%16.13%1.37%86.01%0.00
NYAXNayax Ltd.2.18B59.08-369.2533.34%6.47%11.59%0.82%0.33

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+63.63M78.78M119.13M173.51M235.49M314.01M
Revenue Growth %-0.24%0.51%0.46%0.36%0.33%
Cost of Goods Sold+37.07M41.6M70.97M113.48M147.2M172.48M
COGS % of Revenue0.58%0.53%0.6%0.65%0.63%0.55%
Gross Profit+26.55M37.18M48.16M60.04M88.29M141.53M
Gross Margin %0.42%0.47%0.4%0.35%0.37%0.45%
Gross Profit Growth %-0.4%0.3%0.25%0.47%0.6%
Operating Expenses+29.64M39.4M70.65M94.08M100.68M138.43M
OpEx % of Revenue0.47%0.5%0.59%0.54%0.43%0.44%
Selling, General & Admin16.36M21.79M37.95M64.09M70.32M78.03M
SG&A % of Revenue0.26%0.28%0.32%0.37%0.3%0.25%
Research & Development7.33M9.3M19.04M22.13M28.36M25.37M
R&D % of Revenue0.12%0.12%0.16%0.13%0.12%0.08%
Other Operating Expenses5.96M8.32M13.65M7.85M2M35.02M
Operating Income+-3.09M-2.22M-22.48M-34.04M-12.38M3.1M
Operating Margin %-0.05%-0.03%-0.19%-0.2%-0.05%0.01%
Operating Income Growth %-0.28%-9.11%-0.51%0.64%1.25%
EBITDA+1.73M3.68M-15M-30.45M317.52K24.48M
EBITDA Margin %0.03%0.05%-0.13%-0.18%0%0.08%
EBITDA Growth %-1.13%-5.07%-1.03%1.01%76.08%
D&A (Non-Cash Add-back)4.82M5.91M7.48M3.59M12.7M21.37M
EBIT-4.53M-4.65M-22.74M-32.25M-10.36M2.33M
Net Interest Income+-1.28M-1.89M-1.8M-1.42M-2.75M-5.24M
Interest Income9.28K14.99K2.08K084.78K3.16M
Interest Expense1.29M1.9M1.8M1.42M2.83M8.39M
Other Income/Expense-2.54M-3.87M-1.66M-3.02M-2.29M-7.49M
Pretax Income+-5.63M-6.1M-24.14M-37.06M-14.67M-4.38M
Pretax Margin %-0.09%-0.08%-0.2%-0.21%-0.06%-0.01%
Income Tax+-143K-15K632K451K1.22M1.25M
Effective Tax Rate %0.93%1.03%1.03%1.01%1.08%1.28%
Net Income+-5.25M-6.25M-24.77M-37.51M-15.89M-5.63M
Net Margin %-0.08%-0.08%-0.21%-0.22%-0.07%-0.02%
Net Income Growth %--0.19%-2.96%-0.51%0.58%0.65%
Net Income (Continuing)-5.49M-6.08M-24.77M-37.51M-15.89M-5.63M
Discontinued Operations000000
Minority Interest1.01M00000
EPS (Diluted)+-0.16-0.19-0.82-1.14-0.48-0.16
EPS Growth %--0.19%-3.32%-0.39%0.58%0.67%
EPS (Basic)-0.17-0.19-0.82-1.14-0.48-0.16
Diluted Shares Outstanding32.52M32.52M30.19M32.82M33.15M35.76M
Basic Shares Outstanding31.67M31.67M30.19M32.82M33.15M35.76M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+40.21M54.52M156.05M150.46M203.41M287.66M
Cash & Short-Term Investments4.41M8.28M87.38M33.96M39.66M92.46M
Cash Only4.41M8.2M87.33M33.88M38.39M83.13M
Short-Term Investments087K48K83K1.27M9.33M
Accounts Receivable24.63M13.84M19.34M27.41M83.86M100.77M
Days Sales Outstanding141.3264.1259.2557.66129.98117.13
Inventory4.52M5.04M7.69M23.81M20.56M19.77M
Days Inventory Outstanding44.4944.2339.5576.5850.9941.83
Other Current Assets6.24M27.09M41.64M65.28M58.63M74.67M
Total Non-Current Assets+29.27M38.23M59.96M80.03M120.45M145.24M
Property, Plant & Equipment7.78M9.81M11.5M14.05M10.83M17.4M
Fixed Asset Turnover8.18x8.03x10.36x12.35x21.75x18.04x
Goodwill1.39M3.48M8.27M10.2M12.87M19.26M
Intangible Assets19.34M23.91M29.53M44.92M82.85M98.41M
Long-Term Investments625K798K9.36M7.92M7.33M5.91M
Other Non-Current Assets1K01.25M2.95M5.88M4.25M
Total Assets+69.49M92.75M216.01M230.49M323.86M432.89M
Asset Turnover0.92x0.85x0.55x0.75x0.73x0.73x
Asset Growth %-0.33%1.33%0.07%0.41%0.34%
Total Current Liabilities+45.22M62.25M70.19M110.21M203.78M219.48M
Accounts Payable7.62M11M9.14M14.57M17.46M21.06M
Days Payables Outstanding75.0196.4946.9946.8843.344.56
Short-Term Debt12.53M17.25M6.01M12.86M54M29.25M
Deferred Revenue (Current)1000K62K1000K793K00
Other Current Liabilities-2.45M4.2M10.72M79.77M130.17M1.35M
Current Ratio0.89x0.88x2.22x1.37x1.00x1.31x
Quick Ratio0.79x0.79x2.11x1.15x0.90x1.22x
Cash Conversion Cycle110.7911.8651.8287.36137.67114.39
Total Non-Current Liabilities+8.6M18M14.14M15.65M22.49M48.17M
Long-Term Debt1.08M11.43M7.06M8.51M14.8M18.61M
Capital Lease Obligations4.71M5.15M5.39M5.94M4.15M4.08M
Deferred Tax Liabilities381K526K1.09M793K3.11M4.27M
Other Non-Current Liabilities1.16M-454K602K403K427K21.21M
Total Liabilities53.82M80.25M84.33M125.85M226.27M267.65M
Total Debt+19.52M35.16M19.96M29.52M75.1M54.9M
Net Debt15.1M26.96M-67.37M-4.36M36.71M-28.23M
Debt / Equity1.25x2.81x0.15x0.28x0.77x0.33x
Debt / EBITDA11.29x9.54x--236.51x2.24x
Net Debt / EBITDA8.74x7.32x--115.62x-1.15x
Interest Coverage-2.39x-1.17x-12.48x-23.93x-4.38x0.37x
Total Equity+15.67M12.5M131.68M104.64M97.59M165.25M
Equity Growth %--0.2%9.53%-0.21%-0.07%0.69%
Book Value per Share0.480.384.363.192.944.62
Total Shareholders' Equity14.65M12.5M131.68M104.64M97.59M165.25M
Common Stock7K7K8K8K8K9K
Retained Earnings-11.03M-13.43M-28.7M-56.55M-65.58M-63.31M
Treasury Stock000000
Accumulated OCI8.98M9.24M10M9.77M9.64M7.83M
Minority Interest1.01M00000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-1.44M6.49M-12.81M-27.55M8.8M42.9M
Operating CF Margin %-0.02%0.08%-0.11%-0.16%0.04%0.14%
Operating CF Growth %-5.52%-2.97%-1.15%1.32%3.88%
Net Income-5.49M-6.08M-24.77M-37.51M-16.14M-5.72M
Depreciation & Amortization4.82M5.91M7.2M9.03M12.51M21.37M
Stock-Based Compensation1.4M2.96M8.85M8.75M6.03M7.19M
Deferred Taxes77K-119K895K-181K-298.62K-1.38M
Other Non-Cash Items1.73M3.43M243K6.37M2.74M10.92M
Working Capital Changes-3.97M389K-5.22M-14M3.96M10.52M
Change in Receivables-248K1.11M-5.14M-8.27M-30.84M-12.49M
Change in Inventory-466K-511K-2.63M-12.59M3.29M2.07M
Change in Payables-2.63M3.15M-3.77M4.52M1.21M3.36M
Cash from Investing+-8.32M-8.57M-22.64M-26.54M-36.83M-45.91M
Capital Expenditures-6.69M-7.86M-2.64M-15.22M-620.6K-3.08M
CapEx % of Revenue0.11%0.1%0.02%0.09%0%0.01%
Acquisitions------
Investments------
Other Investing-1.5M550K-6.19M76K-18M-19.42M
Cash from Financing+4.18M6.05M114.14M6.21M31.55M50.84M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing4.92M1.72M-12.87M-965.92K-2.99M-593K
Net Change in Cash------
Free Cash Flow+-8.12M-1.37M-21.5M-42.77M-7.76M17.93M
FCF Margin %-0.13%-0.02%-0.18%-0.25%-0.03%0.06%
FCF Growth %-0.83%-14.72%-0.99%0.82%3.31%
FCF per Share-0.25-0.04-0.71-1.30-0.230.50
FCF Conversion (FCF/Net Income)0.27x-1.04x0.52x0.73x-0.55x-7.62x
Interest Paid000000
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-33.53%-44.4%-34.36%-31.75%-15.71%-4.28%
Return on Invested Capital (ROIC)-7.53%-4.75%-32.5%-31.02%-7.92%1.72%
Gross Margin41.73%47.19%40.43%34.6%37.49%45.07%
Net Margin-8.26%-7.94%-20.79%-21.62%-6.75%-1.79%
Debt / Equity1.25x2.81x0.15x0.28x0.77x0.33x
Interest Coverage-2.39x-1.17x-12.48x-23.93x-4.38x0.37x
FCF Conversion0.27x-1.04x0.52x0.73x-0.55x-7.62x
Revenue Growth-23.82%51.22%45.65%35.72%33.34%

Revenue by Geography

202220232024
UNITED STATES60.27M83.53M123.03M
UNITED STATES Growth-38.59%47.30%
Europe48.66M72.89M76M
Europe Growth-49.78%4.27%
Rest Of World11.29M17.11M31.8M
Rest Of World Growth-51.58%85.92%
AUSTRALIA17.23M22.48M27.52M
AUSTRALIA Growth-30.46%22.40%
ISRAEL14.13M13.1M16.97M
ISRAEL Growth--7.32%29.57%

Frequently Asked Questions

Growth & Financials

Nayax Ltd. (NYAX) reported $371.5M in revenue for fiscal year 2024. This represents a 484% increase from $63.6M in 2019.

Nayax Ltd. (NYAX) grew revenue by 33.3% over the past year. This is strong growth.

Yes, Nayax Ltd. (NYAX) is profitable, generating $24.0M in net income for fiscal year 2024 (-1.8% net margin).

Dividend & Returns

Nayax Ltd. (NYAX) has a return on equity (ROE) of -4.3%. Negative ROE indicates the company is unprofitable.

Nayax Ltd. (NYAX) generated $24.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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