NEXI Stock Analysis: Nexi S.p.A | MI
Software - Infrastructure | MI, Italy | Market Cap: 4.641m EUR | 12M Return: -17.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 44.5M
Warnings
Tailwinds
No distinct edge detected
Seasonality 7.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Nexi S.p.A. is a payment services provider headquartered in Milan, Italy, operating across Italy, the Nordics and Baltics, Germany, Austria, Switzerland, Poland, and Southeast Europe. Founded in 1939, the company serves banks, SMEs, large international corporations, institutions, and public administrations, offering payment processing and acceptance, POS terminal management, fraud prevention, dispute management, card issuing and management, ATM installation, clearing, and digital banking services. It also provides applications for invoice management, prepaid card reloading, bill payments, and postal payments.
The company is classified within the Application Software sub-industry of the Information Technology sector. As a payment services business, Nexi operates in a sector that sits at the intersection of financial services and software, providing the technology infrastructure that enables electronic transactions between consumers, merchants, and financial institutions.
- ECB rate cuts reduce payment float income
- EU interchange fee caps pressure processing margins
- Merchant volume growth offset by competitive pricing in Nordics
| Net Income: -3.38b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.84 > 1.0 |
| NWC/Revenue: 7.84% < 20% (prev 6.42%; Δ 1.42% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.23b > Net Income -3.38b |
| Net Debt (-2.84b) to EBITDA (1.22b): -2.33 < 3 |
| Current Ratio: 1.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.17b) vs 12m ago -10.29% < -2% |
| Gross Margin: 48.09% > 18% (prev 45.97%; Δ 2.11% > 0.5%) |
| Asset Turnover: 28.05% > 50% (prev 24.93%; Δ 3.12% > 0%) |
| Interest Coverage Ratio: 1.24 > 6 (EBIT TTM 312.0m / Interest Expense TTM 252.0m) |
| A: 0.02 (Total Current Assets 6.85b - Total Current Liabilities 6.36b) / Total Assets 20.2b |
| B: -0.17 (Retained Earnings -3.38b / Total Assets 20.2b) |
| C: 0.01 (EBIT TTM 312.0m / Avg Total Assets 22.4b) |
| D: 0.54 (Book Value of Equity 7.06b / Total Liabilities 13.2b) |
| Altman-Z'' = 0.27 = B |
| DSRI: 1.03 (Receivables 874.0m/824.0m, Revenue 6.27b/6.11b) |
| GMI: 0.96 (GM 45.97% / 48.09%) |
| AQI: 0.92 (AQ_t 0.64 / AQ_t-1 0.69) |
| SGI: 1.03 (Revenue 6.27b / 6.11b) |
| TATA: -0.23 (NI -3.38b - CFO 1.23b) / TA 20.2b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of July 28, 2026, the stock is trading at EUR 4.05 with a total of 8,452,293 shares traded. Over the past week, the price has changed by -3.02%, over one month by +17.08%, over three months by +13.86% and over the past year by -17.19%.
Current recommended Stop Loss: 3.70 (which is 8.6% or 2.7 ATR below the current price).
Nexi S.p.A has no consensus analysts rating.
P/E Forward = 6.4725
P/S = 0.7412
P/B = 0.6573
P/EG = 0.0746
Revenue TTM = 6.27b EUR
EBIT TTM = 312.0m EUR
EBITDA TTM = 1.22b EUR
Long Term Debt = 5.56b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.04b EUR (from shortLongTermDebt, last quarter)
Debt = 127.0m EUR (Leases only: 127.0m)
Net Debt = -2.84b EUR (calculated: Debt 127.0m - CCE 2.97b)
Enterprise Value = 1.80b EUR (4.64b + Debt 127.0m - CCE 2.97b)
Interest Coverage Ratio = 1.24 (Ebit TTM 312.0m / Interest Expense TTM 252.0m)
EV/FCF = 2.23x (Enterprise Value 1.80b / FCF TTM 806.0m)
FCF Yield = 44.76% (FCF TTM 806.0m / Enterprise Value 1.80b)
FCF Margin = 12.85% (FCF TTM 806.0m / Revenue TTM 6.27b)
Net Margin = -53.83% (Net Income TTM -3.38b / Revenue TTM 6.27b)
Gross Margin = 48.09% ((Revenue TTM 6.27b - Cost of Revenue TTM 3.26b) / Revenue TTM)
Gross Margin QoQ = 7.94% (prev 40.90%)
Tobins Q-Ratio = 0.09 (Enterprise Value 1.80b / Total Assets 20.2b)
Interest Expense / Debt = 198.4% (Interest Expense 252.0m / Debt 127.0m)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 234.0m (EBIT 312.0m * (1 - 25.00%))
Current Ratio = 1.08 (Total Current Assets 6.85b / Total Current Liabilities 6.36b)
Debt / Equity = 0.02 (Debt 127.0m / totalStockholderEquity, last quarter 7.06b)
Debt / EBITDA = -2.33 (Net Debt -2.84b / EBITDA 1.22b)
Debt / FCF = -3.52 (Net Debt -2.84b / FCF TTM 806.0m)
Total Stockholder Equity = 9.93b (last 4 quarters mean from totalStockholderEquity)
RoA = -15.10% (Net Income -3.38b / Total Assets 20.2b)
RoE = -34.01% (Net Income TTM -3.38b / Total Stockholder Equity 9.93b)
RoCE = 2.02% (EBIT 312.0m / Capital Employed (Equity 9.93b + L.T.Debt 5.56b))
RoIC = 1.73% (NOPAT 234.0m / Invested Capital 13.6b)
WACC = 8.13% (E(4.64b)/V(4.77b) * Re(8.35%) + (debt cost/tax rate unavailable))
Discount Rate = 8.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 81.32 | Cagr: 36.63%
[DCF] Terminal Value 76.06% ; FCFF base≈791.2m ; Y1≈826.2m ; Y5≈946.5m
[DCF] Fair Price = 14.88 (EV 14.6b - Net Debt -2.84b = Equity 17.4b / Shares 1.17b; r=8.35% [WACC [floored]]; 5y FCF grow 4.81% → 2.50% )
Revenue Correlation: 99.62 | Revenue CAGR: 3.21% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.64 | Chg30d=+0.11% | Revisions=+7% | GrowthEPS=+5.4% | GrowthRev=+1.8%
EPS next Year (2027-12-31): EPS=0.66 | Chg30d=-0.21% | Revisions=-25% | GrowthEPS=+3.0% | GrowthRev=+2.3%
[Analyst] Revisions Ratio: +0% (up=6, down=6)