Is Nayax Ltd. (NYAX) A Good Stock To Buy Now?

Is NYAX a bully banal to buy? We came crossed a bullish thesis on Nayax Ltd. connected Beyond the Noise’s Substack by Cristobal Botanch. In this article, we volition summarize the bulls’ thesis connected NYAX. Nayax Ltd.'s stock was trading astatine $66.31 arsenic of April 24^th. NYAX’s trailing and guardant P/E were 69.07 and 74.63 respectively according to Yahoo Finance.

Nayax Ltd. operates a planetary IoT-enabled payments level focused connected unattended self-service environments, combining proprietary outgo terminals, SaaS, and embedded fiscal services crossed 120 countries and much than 40 verticals. The institution controls some hardware and software, installing its devices successful vending machines, EV chargers, and laundromats, past monetizing them implicit clip done recurring transaction processing and bundle revenue, which present accounts for 72% of full revenue.

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After astir 2 decades of losses, Nayax reported its archetypal profitable year, generating $35.5 cardinal successful nett income connected $400 cardinal successful revenue, up 28%, yet the banal remains modestly valued astatine astir 4.2x 2026 estimated endeavor worth to gross contempt beardown growth, 120% nett retention, and debased churn of 2.8%.

The inflection constituent appears structural, driven by processing borderline enlargement from 34% to 38% pursuing renegotiated slope contracts and the implementation of a proprietary routing system, portion 75–80% of maturation is derived from existing customers, reinforcing the durability of its model.

Upcoming catalysts see Q1 2026 results expected to corroborate $510–520 cardinal yearly guidance and the rollout of Yellow Accounts successful concern with Adyen, enabling monetization of fiscal services crossed its installed basal of 1.46 cardinal devices. With each instrumentality generating recurring gross astatine minimal incremental cost, Nayax is positioned to standard toward $1 cardinal successful gross and 30% EBITDA margins by 2028.

Despite liquidity constraints and near-term escaped currency travel conversion variability, the company’s modulation toward a high-margin, recurring payments level suggests meaningful upside arsenic the marketplace begins to admit its software-driven economics.

Previously, we covered a bullish thesis connected Nayax Ltd. (NYAX) by Shareholdersunite successful October 2024, which highlighted beardown recurring gross growth, expanding margins, and positioning successful cashless payments done its integrated hardware and SaaS model. NYAX’s banal terms has appreciated by astir 154.64% since our coverage. Cristobal Botanch shares a akin presumption but emphasizes connected profitability inflection and borderline expansion.