2 models fit NCR Voyix Corporation Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Large discount(i)Bronze58
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionNCR Voyix Corporation Common Stock (VYX)
Fair value (2 models)
$15.03
ACCE price target
$7.50
Rating
Undervalued
Horizon
12 months
Fair value published on 14 Oct 2026, 00:00 CEST; previously $17.16 since 10 Oct 2026, 00:00 CEST.
ACCE price target published on 13 Oct 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 17:04 CEST.
Price used: $8.39 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
44.2% below
+79.2% to fair value
ACCE score
43
out of 100
Analysts
83% buy
6 covering
P/E
28.8x
forward 7.0x
1-year return
-29.0%
Dividend yield
0.00%
NCR Voyix Corporation Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
NCR Voyix sells point-of-sale software, payments processing and digital banking platforms to restaurants, retailers and banks, a business it carved out of the old NCR hardware company. The case for a closer look rests on the gap between a 7.0x forward multiple and a 27.0x trailing one, which implies the market expects earnings to recover sharply from current levels. Against that, revenue fell 20.8% and operating margin is just 2.5%, so the stock is priced for a turnaround that has not yet shown up in the reported numbers. The next thing to test is whether the restaurant and retail software base is stabilising enough to support the forward earnings the multiple assumes. At a score of 37/100 and no index membership, this is a name that needs evidence of margin repair before it earns a place on the list.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
severe
Free cash flow deeply negative
FCF of -$375M against a $987M market cap is a serious burn rate. Debt/Equity of 1.39 leaves little room to absorb it without new financing or asset sales.
high
Revenue and earnings collapsing
Revenue fell 20.8% year over year and earnings fell 60.8%, with a 5-year revenue CAGR of -15.4%. Operating margin of 2.5% leaves almost no buffer.
high
Heavy short interest
Short interest stands at 38.6% of float, which signals strong bearish conviction among informed traders and can amplify volatility in either direction.
AI research notes
AI-assisted·How I use AIWritten Oct 13, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Analysts are strongly positive, with 83% (5 of 6) rating the stock Buy or Strong Buy.
The stock trades at a forward P/E of 7.0x, well below the sector median of 29.3x.
Why it could disappoint
Revenue fell 20.8% year over year, and the five-year average decline is 15.4% per year.
Free cash flow over the last 12 months was negative at -$375M, and the yield is -38.0%.
Return on invested capital is only 1.2%, and debt equals 1.39 times equity.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where VYX's valuation models land
Price
$8.39
Model fair value
$15.03
Model range
$7.49 to $22.57
Fair value $15.03
Price $8.39
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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+Conviction breakdown and growth / value / quality / momentum scores