• If you are wondering whether NCR Voyix is priced attractively or not, this article will walk through what the current share price might be implying about value.
• The stock last closed at US$9.81, after a 7.0% gain over the past week, although returns over 30 days, year to date and the last year sit at 11.1%, 0.5% and 22.0% declines respectively.
• Recent attention on NCR Voyix has focused on how the business is reshaping itself around software and services for payments and retail technology, and how that positioning could affect investor sentiment over time. News around these focus areas helps frame the recent share price moves and why the stock has remained under pressure over the past few years.
• According to Simply Wall St's valuation checks, NCR Voyix scores a full 6 out of 6 on its valuation score. Next we will look at what that means across different valuation methods, and then finish with a way to put all of those methods into a single, easier to use view.

Approach 1: NCR Voyix Discounted Cash Flow (DCF) Analysis

A Discounted Cash Flow, or DCF, model estimates what a company might be worth by projecting its future cash flows and discounting them back to today using a required rate of return. It is essentially asking what those future dollars are worth in today's terms.

For NCR Voyix, the model used is a 2 Stage Free Cash Flow to Equity approach, based on cash flow projections in US$. The latest twelve months free cash flow is a loss of $799.76 million, so the model leans heavily on future improvement in cash generation. Ten year projections, combining analyst inputs and Simply Wall St extrapolations, indicate free cash flow of around $349.52 million in 2035, with intermediate years rising from $205 million in 2026 and $230 million in 2027.

After discounting these projected cash flows, the DCF model arrives at an estimated intrinsic value of US$23.22 per share. Compared with the recent share price of US$9.81, this output suggests the stock is 57.7% undervalued based on these cash flow assumptions.

Result: UNDERVALUED

Our Discounted Cash Flow (DCF) analysis suggests NCR Voyix is undervalued by 57.7%. Track this in your watchlist or portfolio, or discover 53 more high quality undervalued stocks.

Approach 2: NCR Voyix Price vs Sales

For companies where earnings are limited or volatile, the P/S ratio is often more useful because it compares the share price to revenue, which tends to be more stable than profit. Investors usually accept a higher or lower P/S depending on expectations for future growth and how risky the business appears, so there is no single “right” multiple that fits every stock.

NCR Voyix currently trades on a P/S of 0.51x, compared with the Software industry average of 3.73x and a peer group average of 2.23x. Simply Wall St’s Fair Ratio for NCR Voyix is 0.72x, which reflects what its P/S might be based on factors such as growth profile, industry, profit margins, market cap and specific risks.

This Fair Ratio is designed to be more tailored than a simple comparison with peers or the broad industry, because it adjusts for company specific characteristics rather than assuming every software stock should trade on the same multiple. Setting the Fair Ratio of 0.72x against the current 0.51x suggests the shares are trading below that modelled level, which indicates that the stock appears undervalued on a sales basis according to this metric.

Result: UNDERVALUED

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Upgrade Your Decision Making: Choose your NCR Voyix Narrative

Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives. These are short, plain English stories you or other investors create on Simply Wall St’s Community page that link a view of NCR Voyix’s business to specific forecasts for revenue, earnings, margins and a Fair Value. They then compare that Fair Value with the current share price to help you judge whether the stock looks expensive or cheap. Each Narrative updates automatically when new results or news arrive and often sits anywhere between the more cautious Fair Value of about US$11.75 and the more optimistic Fair Value of US$18.00 you see in analyst views today.

Do you think there's more to the story for NCR Voyix? Head over to our Community to see what others are saying!

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.