Logo image of NVEI

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

NVEI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 100 industry peers in the Financial Services industry. While NVEI is still in line with the averages on profitability rating, there are concerns on its financial health. NVEI is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

In the past year NVEI was profitable.
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

With a Return On Assets value of -0.22%, NVEI is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
NVEI has a worse Return On Equity (-0.55%) than 74.00% of its industry peers.
The Return On Invested Capital of NVEI (4.38%) is better than 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 11.84%.
The 3 year average ROIC (3.66%) for NVEI is below the current ROIC(4.38%), indicating increased profibility in the last year.
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

With a Operating Margin value of 14.71%, NVEI perfoms like the industry average, outperforming 52.00% of the companies in the same industry.
NVEI's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 81.09%, NVEI belongs to the top of the industry, outperforming 88.00% of the companies in the same industry.
NVEI's Gross Margin has been stable in the last couple of years.
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

More info and screens

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.
The number of shares outstanding for NVEI remains at a similar level compared to 1 year ago.
The number of shares outstanding for NVEI has been increased compared to 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 has a Altman-Z score of 0.75. This is comparable 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 has a Debt to FCF ratio (6.62) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.60 indicates that NVEI is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.60, NVEI perfoms like the industry average, outperforming 57.00% of the companies in the same industry.
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.
NVEI's Current ratio of 1.06 is in line compared to the rest of the industry. NVEI outperforms 49.00% of its industry peers.
A Quick Ratio of 1.06 indicates that NVEI should not have too much problems paying its short term obligations.
NVEI's Quick ratio of 1.06 is in line compared to the rest of the industry. NVEI outperforms 51.00% of its industry peers.
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

More info and screens

6

3. Growth

3.1 Past

The earnings per share for NVEI have decreased by -3.55% in the last year.
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.
NVEI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.15% yearly.
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

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 20.85, which indicates a rather expensive current valuation of NVEI.
NVEI's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.53, NVEI is valued a bit cheaper.
A Price/Forward Earnings ratio of 13.27 indicates a correct valuation of NVEI.
NVEI's Price/Forward Earnings ratio is in line with the industry average.
NVEI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.71.
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 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NVEI is valued a bit cheaper than the industry average as 77.00% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NVEI indicates a somewhat cheap valuation: NVEI is cheaper than 76.00% of the companies listed in the same industry.
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

NVEI's 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%

More info and screens

1

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.14%, NVEI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.06, NVEI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, NVEI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.14%

5.2 History

NVEI does not have a reliable dividend history as it only pays dividend since a couple or years.
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

More info and screens

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 Change0%
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%