NYAX
Nayax Ltd.
NYAX's fundamentals are mixed, but it looks expensive: trading at 246x earnings, about three times its usual 82x. Its downside scenario is about four times its upside.
NYAX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Healthy |
NYAX's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
NYAX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 48x | $52.18 | — |
| Cheap | 66x | $13.83 | -73% |
| Fair | 82x | $17.22 | -67% |
| Expensive | 228x | $47.78 | -8.4% |
| Current | 246x | $52.18 | — |
Historical ranges are pointers, not guarantees.
NYAX's PE is in its expensive range at 246x. If earnings grow as analysts expect, today's price would be 48x next year's earnings, in its cheap range.
NYAX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for NYAX, with profitability improving.
NYAX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.08 | +414% |
| Q2 2026 | $0.21 | -63% |
| Q1 2026 | $0.79 | +339% |
| Q4 2025 | $0.96 | +$1.13 |
| Q3 2025 | $0.65 | +$0.96 |
| Q2 2025 | $0.57 | +$1.00 |
| Q1 2025 | $0.18 | +$0.64 |
| Q4 2024 | -$0.17 | +$0.31 |
| Q3 2024 | -$0.31 | +$0.30 |
NYAX earned $0.21 per share over the past year, down 63% from the year before.
NYAX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $122.6M | +28% |
| Q1 2026 | $105.9M | +31% |
| Q4 2025 | $121.9M | +37% |
| Q3 2025 | $105.8M | +27% |
| Q2 2025 | $95.6M | +22% |
| Q1 2025 | $81.1M | +27% |
| Q4 2024 | $89M | +27% |
| Q3 2024 | $83M | +38% |
NYAX's revenue has grown year over year every quarter since early 2021: $123M last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -5.4% | -15 points |
| Q1 2026 | 3.9% | -5.9 points |
| Q4 2025 | 11% | +6.9 points |
| Q3 2025 | 8.3% | +6.5 points |
| Q2 2025 | 10% | +8.8 points |
| Q1 2025 | 9.7% | +14 points |
| Q4 2024 | 4% | +5.9 points |
| Q3 2024 | 1.8% | +4.2 points |
NYAX's operating margin was −5.4% last quarter, down 15 points from the same quarter a year ago.
NYAX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$3.7M | -167% |
| Q1 2026 | $977.3K | +$6.7M |
| Q4 2025 | $16.3M | +76% |
| Q3 2025 | $15.5M | +53% |
| Q2 2025 | $5.6M | +91% |
| Q1 2025 | -$5.7M | -$1.3M |
| Q4 2024 | $9.3M | +$10.8M |
| Q3 2024 | $10.1M | +1431% |
NYAX usually generates cash, though not every quarter: the latest was −$4M, but it generated $29M over the past year.
NYAX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -9.6% | -4M shares |
| 1 year | -0.6% | -211K shares |
| 3 years | +14% | +4.6M shares |
| 5 years | +23% | +7.1M shares |
| Available history | +51% | +12.7M shares |
NYAX has 38M diluted shares, down 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NYAX hasn't bought back shares in the past year.
NYAX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.0x | Healthy |
| Q1 2026 | -0.9x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.5x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
| Q3 2024 | -0.5x | Net Cash |
NYAX's net debt is about a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
NYAX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.5 | Neutral |
| Stochastic | 28.3 | Neutral |
NYAX's weekly RSI is 48 (neutral) and its Stochastic is 28 (neutral).
NYAX PE vs Technology Sector
| Metric | NYAX | Sector median | Relative |
|---|---|---|---|
| PE | 246x | 28x | 781% above |
| PE % | 91 | 40 | 51 pts above |
NYAX is trading at 246x earnings, a 781% premium to the Technology sector's median of 28x.
NYAX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $47.7 | 9.3% above |
| 20 week MA | $54.0 | 3.4% below |
| 50 week MA | $57.2 | 8.8% below |
| 100 week MA | $49.3 | 5.8% above |
| 200 week MA | $36.0 | 45% above |
NYAX's trend is mixed: it's above three of its five weekly moving averages, and 45% above its 200-week average.
NYAX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $26.5 | $19.7 | -26% |
| 2023 | $19.7 | $19.1 | -3.3% |
| 2024 | $19.1 | $27.8 | +46% |
| 2025 | $27.8 | $48.3 | +74% |
| 2026 YTD | $48.3 | $52.2 | +8% |
NYAX has finished lower in two of the last four years. It's up 8% so far in 2026.