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Nuvei Corporation (NVEI) Stock Fundamental Analysis

NASDAQ:NVEI - Nasdaq - CA67079A1021 - Common Stock - Currency: USD

33.99  +0.01 (+0.03%)

After market: 33.98 -0.01 (-0.03%)

Fundamental Rating

4

Overall NVEI gets a fundamental rating of 4 out of 10. We evaluated NVEI against 99 industry peers in the Financial Services industry. There are concerns on the financial health of NVEI while its profitability can be described as average. NVEI has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

NVEI had positive earnings in the past year.
NVEI had a positive operating cash flow in the past year.
In multiple years NVEI reported negative net income over the last 5 years.
NVEI had a positive operating cash flow in each of the past 5 years.
NVEI Yearly Net Income VS EBIT VS OCF VS FCFNVEI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M

1.2 Ratios

NVEI has a worse Return On Assets (-0.22%) than 75.00% of its industry peers.
NVEI has a worse Return On Equity (-0.55%) than 74.00% of its industry peers.
NVEI's Return On Invested Capital of 4.38% is fine compared to the rest of the industry. NVEI outperforms 67.00% of its industry peers.
NVEI had an Average Return On Invested Capital over the past 3 years of 3.66%. This is significantly below the industry average of 11.83%.
The last Return On Invested Capital (4.38%) for NVEI is above the 3 year average (3.66%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.22%
ROE -0.55%
ROIC 4.38%
ROA(3y)1.47%
ROA(5y)-0.97%
ROE(3y)2.53%
ROE(5y)-4.13%
ROIC(3y)3.66%
ROIC(5y)3.16%
NVEI Yearly ROA, ROE, ROICNVEI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 0 5 -5 -10 -15 -20

1.3 Margins

Looking at the Operating Margin, with a value of 14.71%, NVEI is in line with its industry, outperforming 52.00% of the companies in the same industry.
NVEI's Operating Margin has improved in the last couple of years.
NVEI's Gross Margin of 81.09% is amongst the best of the industry. NVEI outperforms 88.00% of its industry peers.
In the last couple of years the Gross Margin of NVEI has remained more or less at the same level.
Industry RankSector Rank
OM 14.71%
PM (TTM) N/A
GM 81.09%
OM growth 3Y-11.69%
OM growth 5Y34.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.42%
GM growth 5Y-0.86%
NVEI Yearly Profit, Operating, Gross MarginsNVEI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 60 80

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NVEI is destroying value.
Compared to 1 year ago, NVEI has about the same amount of shares outstanding.
NVEI has more shares outstanding than it did 5 years ago.
NVEI has a worse debt/assets ratio than last year.
NVEI Yearly Shares OutstandingNVEI Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 50M 100M
NVEI Yearly Total Debt VS Total AssetsNVEI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

Based on the Altman-Z score of 0.75, we must say that NVEI is in the distress zone and has some risk of bankruptcy.
NVEI's Altman-Z score of 0.75 is in line compared to the rest of the industry. NVEI outperforms 54.00% of its industry peers.
NVEI has a debt to FCF ratio of 6.62. This is a slightly negative value and a sign of low solvency as NVEI would need 6.62 years to pay back of all of its debts.
NVEI's Debt to FCF ratio of 6.62 is in line compared to the rest of the industry. NVEI outperforms 56.00% of its industry peers.
NVEI has a Debt/Equity ratio of 0.60. This is a neutral value indicating NVEI is somewhat dependend on debt financing.
NVEI's Debt to Equity ratio of 0.60 is in line compared to the rest of the industry. NVEI outperforms 57.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 6.62
Altman-Z 0.75
ROIC/WACC0.54
WACC8.05%
NVEI Yearly LT Debt VS Equity VS FCFNVEI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.3 Liquidity

NVEI has a Current Ratio of 1.06. This is a normal value and indicates that NVEI is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of NVEI (1.06) is comparable to the rest of the industry.
A Quick Ratio of 1.06 indicates that NVEI should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.06, NVEI is in line with its industry, outperforming 51.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.06
Quick Ratio 1.06
NVEI Yearly Current Assets VS Current LiabilitesNVEI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

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6

3. Growth

3.1 Past

NVEI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.55%.
NVEI shows a strong growth in Revenue. In the last year, the Revenue has grown by 41.10%.
Measured over the past years, NVEI shows a very strong growth in Revenue. The Revenue has been growing by 51.38% on average per year.
EPS 1Y (TTM)-3.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-12.82%
Revenue 1Y (TTM)41.1%
Revenue growth 3Y46.95%
Revenue growth 5Y51.38%
Sales Q2Q%17.31%

3.2 Future

Based on estimates for the next years, NVEI will show a very strong growth in Earnings Per Share. The EPS will grow by 24.93% on average per year.
Based on estimates for the next years, NVEI will show a quite strong growth in Revenue. The Revenue will grow by 15.15% on average per year.
EPS Next Y16.94%
EPS Next 2Y23.1%
EPS Next 3Y24.93%
EPS Next 5YN/A
Revenue Next Year16.76%
Revenue Next 2Y16.19%
Revenue Next 3Y16.28%
Revenue Next 5Y15.15%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
NVEI Yearly Revenue VS EstimatesNVEI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B
NVEI Yearly EPS VS EstimatesNVEI Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 20.85, NVEI is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as NVEI.
NVEI is valuated rather cheaply when we compare the Price/Earnings ratio to 26.35, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 13.27, which indicates a correct valuation of NVEI.
NVEI's Price/Forward Earnings is on the same level as the industry average.
NVEI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 20.85
Fwd PE 13.27
NVEI Price Earnings VS Forward Price EarningsNVEI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

77.00% of the companies in the same industry are more expensive than NVEI, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, NVEI is valued a bit cheaper than the industry average as 76.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.75
EV/EBITDA 9.74
NVEI Per share dataNVEI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 30

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as NVEI's earnings are expected to grow with 24.93% in the coming years.
PEG (NY)1.23
PEG (5Y)N/A
EPS Next 2Y23.1%
EPS Next 3Y24.93%

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1

5. Dividend

5.1 Amount

NVEI has a Yearly Dividend Yield of 1.14%.
Compared to an average industry Dividend Yield of 4.68, NVEI pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.14, NVEI pays less dividend than the S&P500 average, which is at 2.42.
Industry RankSector Rank
Dividend Yield 1.14%

5.2 History

NVEI is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
NVEI Yearly Dividends per shareNVEI Yearly Dividends per shareYearly Dividends per share 2023 2024 0.1 0.2 0.3 0.4

5.3 Sustainability

NVEI has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-492.49%
EPS Next 2Y23.1%
EPS Next 3Y24.93%
NVEI Yearly Income VS Free CF VS DividendNVEI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M

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Nuvei Corporation

NASDAQ:NVEI (11/15/2024, 8:00:01 PM)

After market: 33.98 -0.01 (-0.03%)

33.99

+0.01 (+0.03%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)11-12 2024-11-12/amc
Earnings (Next)N/A N/A
Inst Owners76.04%
Inst Owner Change-91.94%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.23B
Analysts71.43
Price Target24.47 (-28.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.14%
Yearly Dividend0.2
Dividend Growth(5Y)N/A
DP-492.49%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.95%
Min EPS beat(2)-12.36%
Max EPS beat(2)-5.54%
EPS beat(4)1
Avg EPS beat(4)-4.7%
Min EPS beat(4)-12.36%
Max EPS beat(4)2.81%
EPS beat(8)3
Avg EPS beat(8)-2.76%
EPS beat(12)7
Avg EPS beat(12)0.38%
EPS beat(16)11
Avg EPS beat(16)20.11%
Revenue beat(2)2
Avg Revenue beat(2)1.27%
Min Revenue beat(2)0.79%
Max Revenue beat(2)1.75%
Revenue beat(4)2
Avg Revenue beat(4)-0.21%
Min Revenue beat(4)-2.24%
Max Revenue beat(4)1.75%
Revenue beat(8)3
Avg Revenue beat(8)-0.23%
Revenue beat(12)4
Avg Revenue beat(12)-0.68%
Revenue beat(16)8
Avg Revenue beat(16)0.75%
PT rev (1m)-2.06%
PT rev (3m)6.13%
EPS NQ rev (1m)-1.44%
EPS NQ rev (3m)-2.21%
EPS NY rev (1m)-0.47%
EPS NY rev (3m)-2%
Revenue NQ rev (1m)0.19%
Revenue NQ rev (3m)0.93%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)0.71%
Valuation
Industry RankSector Rank
PE 20.85
Fwd PE 13.27
P/S 1.71
P/FCF 11.75
P/OCF 8.79
P/B 1.08
P/tB N/A
EV/EBITDA 9.74
EPS(TTM)1.63
EY4.8%
EPS(NY)2.56
Fwd EY7.53%
FCF(TTM)2.89
FCFY8.51%
OCF(TTM)3.87
OCFY11.38%
SpS19.89
BVpS31.43
TBVpS-18.31
PEG (NY)1.23
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.22%
ROE -0.55%
ROCE 5.54%
ROIC 4.38%
ROICexc 4.62%
ROICexgc 877.2%
OM 14.71%
PM (TTM) N/A
GM 81.09%
FCFM 14.54%
ROA(3y)1.47%
ROA(5y)-0.97%
ROE(3y)2.53%
ROE(5y)-4.13%
ROIC(3y)3.66%
ROIC(5y)3.16%
ROICexc(3y)4.68%
ROICexc(5y)3.88%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)4.63%
ROCE(5y)4.01%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y0.77%
ROICexc growth 5Y37.85%
OM growth 3Y-11.69%
OM growth 5Y34.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.42%
GM growth 5Y-0.86%
F-Score6
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 6.62
Debt/EBITDA 3.66
Cap/Depr 43.46%
Cap/Sales 4.91%
Interest Coverage 1.78
Cash Conversion 74.81%
Profit Quality N/A
Current Ratio 1.06
Quick Ratio 1.06
Altman-Z 0.75
F-Score6
WACC8.05%
ROIC/WACC0.54
Cap/Depr(3y)45.06%
Cap/Depr(5y)36.23%
Cap/Sales(3y)5.37%
Cap/Sales(5y)5.02%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-12.82%
EPS Next Y16.94%
EPS Next 2Y23.1%
EPS Next 3Y24.93%
EPS Next 5YN/A
Revenue 1Y (TTM)41.1%
Revenue growth 3Y46.95%
Revenue growth 5Y51.38%
Sales Q2Q%17.31%
Revenue Next Year16.76%
Revenue Next 2Y16.19%
Revenue Next 3Y16.28%
Revenue Next 5Y15.15%
EBIT growth 1Y79.36%
EBIT growth 3Y29.76%
EBIT growth 5Y103.21%
EBIT Next Year358.58%
EBIT Next 3Y86.76%
EBIT Next 5YN/A
FCF growth 1Y-23.34%
FCF growth 3Y35.49%
FCF growth 5Y95.67%
OCF growth 1Y-10.81%
OCF growth 3Y41.28%
OCF growth 5Y79.95%