Nayax Ltd. Ordinary Shares (NYAX)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Nayax with Graham's caution. It sells payment hardware and software into self-service vending, EV charging, and kiosks—a real business with recurring software potential. But the numbers as of the 2026-10-13 close show a $2.5B market value on a $43.80 share price, against a FairStock P/E of 208.57, P/B of 6.71, and EV/EBITDA of 41.27. Those are not bargain multiples; they price in a lot of future success. The latest filed quarter, fiscal Q2 2026, had revenue of $122.6M but a net loss of $10.1M and a negative 8.25% margin. Trailing free cash flow is -$6.8M, and the FCF yield is -0.3%. Return on equity is only 3.52% and ROCE 1.41%, while debt-to-equity is 1.46. Graham Number is $5.58, so the price is far above a conservative asset-earnings value; the margin of safety is deeply negative. The Piotroski F-Score is 3/9, Altman Z-Score 2.75, and FairStock Score 37/100. FairStock's Lynch category is 'none' because there are only 0 years of filed annual results, not the three needed. Growth is evident in the $122.6M quarterly revenue, and the PEG ratio of 0.30 hints that if profits grow as expected, the multiple could fade. Yet a P/E of 208.57 on very thin earnings leaves no room for error. I want to see consistent profits and positive cash flow before calling this a durable compounding machine. Until then, it is a speculative growth story, not a value investment.

In plain English: Nayax makes payment devices and software for self-service machines such as vending machines, kiosks, and EV chargers. The company is growing sales, but it is still losing money and burning cash, and its stock price looks high compared with its small profits and net assets. Overall, the business looks promising but financially weak, and the shares look expensive based on the numbers given.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer