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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#3658
Positioning
Market Dominance
Manufacturing
Computer Hardware
$1.7B
Michael D. Hayford
NCR Corporation provides various software and services worldwide. It operates through Banking, Retail, Hospitality, and Telecommunications and Technology segments. The company offers managed services and ATM-as-a-Service that allow banks to run their end-to-end ATM channels.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = VYX ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | 28.5% | 8.0% | 100.0% | 100.0% | 10.4% | -4.6% | 3.3% | 0.0x | $141.8B | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | 46.1% | 16.6% | 51.3% | 31.9% | 26.8% | -4.0% | 1.0% | 25.0x | $272.1B | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | 10.3% | 3.1% | 24.1% | 7.2% | 4.7% | 14.3% | 0.8% | 25.0x | $11.4B | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | 2.2% | 1.5% | 9.3% | 5.3% | 2.2% | -8.5% | 2.2% | 16.0x | $18.9B | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 35.5% | 19.8% | 48.7% | 29.2% | 24.7% | 4.4% | 0.8% | 32.0x | $181.9B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | 11.8% | 8.8% | 45.9% | 11.3% | 11.1% | 25.7% | 3.7% | 0.0x | $1.8B | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.6% | 7.0% | 66.5% | 17.1% | 15.6% | 39.0% | 0.0% | 0.0x | $115M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | 22.6% | 4.9% | 71.2% | 12.8% | 9.4% | 1.7% | 5.9% | 124.0x | $72.1B | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | 3.0% | 1.1% | 20.9% | 7.3% | 1.3% | 3.0% | 0.9% | 67.0x | $1.2B | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | 8.2% | 3.5% | 55.3% | 25.9% | 12.4% | 0.7% | 1.7% | 0.0x | $87.0B | VS | |
$VYX NCR Voyix Corp | 39 | 46 | 51 | 28 | 1.3x | 55.4x | 122.9% | 26.0% | 23.4% | 0.8% | 36.5% | -5.3% | 0.0% | 340.0x | $1.7B | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -2.5% | -0.1% | 42.5% | 1.3% | -0.2% | 5.9% | 0.0% | 0.2x | - | REF |
NCR Voyix Corp (VYX) receives a "Avoid" rating with a composite score of 39.1/100. It ranks #3658 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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YOY expansion rate
Core pricing power
Operating efficiency
Bottom-line conversion
Equity capital efficiency
Asset base utilization
Financial leverage load
Direct cash return
Michael D. Hayford
Chief Executive Officer
Labor Force
35,000
46
35
57
Audit Verdict: Lower quality and stability scores may indicate governance concerns.
No recent insider transactions available for VYX
Lagging peers — losers tend to keep underperforming
Fair valuation relative to peers
Average quality profile
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for VYX.
View All RatingsMaterial decline in asset turnover efficiency detected
High margin volatility — erratic forensic earnings quality
ROIC 1.5% vs WACC 5.8% (spread -4.4%)
GM 23% vs sector 43%, OM 1% vs sector 1%
Capital turnover 0.84x, R&D intensity 5.7%
Rev growth -5%, 10yr history
Interest coverage 1.0x, Net debt/EBITDA 54.5x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
Our quantitative model flags NCR Voyix Corp with an Avoid rating, assigning a composite score of 39.1/100 and 1 out of 5 stars. Ranked #3658 of 7,333 stocks, VYX falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
With a quality score of 46/100, VYX shows adequate but unremarkable business quality. The company reports a return on equity of 122.9% (sector avg: -2.5%), gross margins of 23.4% (sector avg: 42.5%), net margins of 36.5% (sector avg: -0.2%). This suggests the company generates acceptable returns but may lack the competitive positioning or operational efficiency to stand out from peers.
VYX's value score of 51/100 indicates the stock is fairly valued based on its current fundamentals. Key valuation metrics include a P/E ratio of 1.28x, an EV/EBITDA of 55.40x, a P/B ratio of 1.57x. At this level, neither a clear bargain nor overpriced, the stock's attractiveness depends more on forward growth expectations and qualitative factors.
NCR Voyix Corp's investment score of 35/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -5.3% vs. a sector average of 5.9% and a return on assets of 26.0% (sector: -0.1%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
NCR Voyix Corp is experiencing notably weak momentum with a score of just 28/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at -5.3% year-over-year, while a beta of 1.49 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
With a stability score of 57/100, VYX exhibits average financial resilience. Key stability metrics include a beta of 1.49 and a debt-to-equity ratio of 340.00x (sector avg: 0.2x). While the balance sheet is not a major concern, the stock is subject to typical market volatility and may experience sharper drawdowns during risk-off episodes.
NCR Voyix Corp's short interest score of 20/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include above-average market sensitivity (beta: 1.49), elevated leverage (D/E: 340.00x), small-cap liquidity risk. At $1.7B (small-cap), VYX carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
NCR Voyix Corp is a small-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #3658 of 7,333 overall (50th percentile). Key comparisons include ROE of 122.9% exceeding the -2.5% sector median and operating margins of 0.8% below the 1.3% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While VYX currently exhibits a AVOID profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Manufacturing Alpha →Quant Factor Profile
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Improvement in Short Int. (20) would have the largest impact on the composite score.
EV/EBITDA 383% ABOVE SECTOR MEDIAN
ROE 5055% BELOW SECTOR MEDIAN
Gross Margin 45% BELOW SECTOR MEDIAN
AUDIT DATA AS OF SEP 30, 2025 (Q2 FY2025)
We rate NCR Voyix Corp (VYX) as Avoid with a composite score of 39.1/100 at a current price of $8.99. The stock falls in the bottom quintile of our universe across key quantitative factors, and the multi-factor weakness suggests a high probability of continued underperformance.
The rating is primarily driven by strength in stability (57th percentile) and value (51th percentile), which together account for the majority of the composite score. Offsetting weakness in momentum (28th percentile) and investment (35th percentile) tempers our overall conviction. We assign a No Moat rating (22/100), High uncertainty, and Standard capital allocation.
Key items to watch: momentum to confirm whether the current price trend has legs; balance sheet deleveraging progress. Any material change in these dynamics could warrant a reassessment of our rating. The moat trend is stable, which suggests the competitive landscape is stable for now.
NCR Voyix Corp holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 39.1/100 places it at rank #3658 in our full 7,333-stock universe. At $1.7B in market capitalization, NCR Voyix Corp is a small-cap player in the Manufacturing space, which limits certain scale advantages but may allow for more agile strategic execution.
Revenue contraction of -5% combined with momentum at the 28th percentile paints a cautious picture of the near-term business outlook. The market appears to be pricing in continued challenges, and a catalyst for reversal is not clearly visible from current data.
The margin cascade tells an important story: gross margins of 23% (-19.1pp vs sector) narrow to operating margins of 1% (-0.5pp vs sector) and net margins of 36.5%, yielding a gross-to-net conversion rate of 156%. This efficient conversion suggests well-controlled operating costs and limited margin leakage between the gross and net levels.
At a current price of $8.99, NCR Voyix Corp is trading near fair value based on current fundamentals. Our value factor score of 51/100 reflects a composite assessment across multiple valuation metrics including price-to-earnings, price-to-book, EV/EBITDA, and price-to-sales ratios relative to both sector peers and the broader market. Valuation metrics are mixed, with no strong signal of mispricing in either direction.
The stock currently trades at a P/E of 1.3x (a 94% discount to the sector median of 22.3x), EV/EBITDA of 55.4x (at a premium), P/B of 1.6x, P/S of 0.5x. The below-sector P/E suggests possible undervaluation or the market pricing in near-term headwinds.
Returns on equity of 122.9% exceed the cost of equity for most companies, indicating genuine shareholder value creation and a reinvestment engine that compounds wealth over time.
Return on assets of 26.0% indicates efficient deployment of the full asset base, not just equity capital.
The Avoid rating (composite 39.1/100) reflects multi-factor weakness, and historically, stocks in this scoring range have underperformed the market by a meaningful margin.
Elevated leverage (340% D/E) amplifies downside risk and limits management's financial flexibility in adverse scenarios.
Revenue decline of -5% signals business deterioration — declining revenues make it difficult to grow into the current valuation and often precede further negative revisions.
We assign a High uncertainty rating to NCR Voyix Corp. Key risk factors include elevated market sensitivity (beta of 1.49), significant leverage (340% debt-to-equity). The wide range of potential outcomes widens our fair value estimate and increases the possibility of permanent capital impairment. Investors considering this name should size positions accordingly and demand a meaningful margin of safety before initiating.
Specific risk factors that inform our assessment include: elevated market sensitivity (beta of 1.49); significant leverage (340% debt-to-equity). Each of these factors independently widens the distribution of potential outcomes, and in combination they create a risk profile that demands careful position sizing. The stability factor at the 57th percentile and quality factor at the 46th percentile provide a quantitative summary of the overall risk landscape.
We identify limited risk mitigants at this time, which contributes to our high uncertainty assessment. Investors should monitor for improvement in balance sheet metrics, margin stability, and business predictability that could warrant a downgrade in our risk assessment over time.
We rate NCR Voyix Corp's capital allocation as Standard. Management has shown adequate — though not exceptional — stewardship of shareholder capital. Returns on equity stand at 122.9%, and the balance sheet is managed within acceptable parameters (D/E: 340%). Exemplary allocators typically sustain ROE above 20% and D/E below 50%; NCR Voyix Corp falls short on at least one dimension.
There is room for improvement in optimizing the capital structure or enhancing shareholder returns. Absent a dividend, the overall capital allocation framework would benefit from either higher reinvestment returns, improved balance sheet efficiency, or increased shareholder distributions. We will monitor for signs of strategic improvement that could warrant an upgrade.
In summary, NCR Voyix Corp receives a Avoid rating with a composite score of 39.1/100 (rank #3658 of 7,333). Our quantitative framework assigns a No Moat (22/100, trend: stable), High uncertainty, and Standard capital allocation. The average factor score across quality, value, momentum, stability, and investment is 43/100.
Our analysis does not support a constructive view on NCR Voyix Corp at this time. The combination of limited competitive advantages, high uncertainty, and standard capital allocation suggests unfavorable risk-reward at current levels. We recommend investors avoid new positions and existing holders consider reducing exposure.
Analysis derived from Blank Capital Research quantitative terminal. For informational purposes only. No trade solicitation. Past performance not indicative of future results. Consult a qualified advisor.
We do not assign NCR Voyix Corp a meaningful economic moat, scoring 22/100 on our composite assessment. The ROIC-WACC spread of -4.4% is the primary signal of economic value creation. Current fundamentals do not demonstrate the kind of durable competitive advantages — such as superior returns on invested capital, margin superiority, or reinvestment efficiency — that would protect the company from competitive erosion over the long term. The highest-scoring pillar, margin superiority, reached only 9.7/20.
The strongest moat sources are margin superiority (9.7/20) and financial resilience (3.8/20). GM 23% vs sector 43%, OM 1% vs sector 1%. Interest coverage 1.0x, Net debt/EBITDA 54.5x. These pillars form the core of NCR Voyix Corp's competitive identity and are the primary drivers of excess returns in our framework.
Areas of relative weakness include reinvestment efficiency (2.8/20) and growth durability (2.8/20). Capital turnover 0.84x, R&D intensity 5.7%. Improvement in these areas could meaningfully widen the moat over time, while deterioration would be an early warning of competitive erosion.
Our moat trend assessment is Stable. Multi-year ROIC and operating margin trajectories show neither meaningful improvement nor deterioration, suggesting the competitive position is steady. We expect NCR Voyix Corp's moat profile to remain largely unchanged absent a material shift in return on capital or industry dynamics.
Key profit drivers include declining revenues (-5%) that pressure the earnings outlook, returns on equity of 122.9% driving shareholder value creation. The margin cascade from 23% gross to 1% operating to 36.5% net reveals the company's cost structure and reinvestment intensity. Our analysis indicates that profit quality is adequate though not exceptional, with the quality factor at the 46th percentile.
The margin profile shows gross margins of 23%, operating margins of 1%, net margins of 36.5%. Return metrics include ROE of 122.9% and ROA of 26.0%. Relative to the Manufacturing sector, gross margins are 19.1 percentage points below the sector median of 43%, and ROE of 122.9% compares to a sector median of -2.5%.
The balance sheet reflects high leverage with D/E of 340%, which may limit financial flexibility, revenue growth of -5%. The sector median D/E is 0%, putting NCR Voyix Corp at higher leverage than the typical peer. Elevated leverage in combination with the current margin profile warrants close monitoring for any deterioration in debt-servicing capacity.
Weak momentum (28th percentile) suggests institutional selling pressure and unfavorable technical dynamics that may persist.
High beta of 1.49 means amplified losses in market selloffs — in a broad market correction, this stock would likely decline more than the index.
Above 50MA
37.18%
Net New Highs
+51081
NCR Voyix (VYX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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VYX earnings call for the period ending March 31, 2024.