Nayax Ltd., a fintech company, designs, develops, and sells integrated POS devices and software for automated self-service customers in-house in the United States, Europe, the United Kingdom, Australia, Israel, and the r…
FAIL · Does not pass the screen
47.66 USD
Price as of 6 Nov 2026Daily close, not a live quote
Screened 2026-11-06 · the tape above runs as of 06:04 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
Key facts today
Price47.66 USD at the 6 Nov 2026 close
Our value readUndervalued vs our fair value, as of 6 Nov 2026
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price47.66 USD
Fair value54.27
Ethical score70.0/100
Value readUndervaluedas of 6 Nov 2026
Our investment reviews on this name
2026-10-18Read Accumulation44.71+6.6% to today ✓Distribution gives way to Accumulation after a 9% slide in 7 days
2026-10-11Read Distribution49.00-2.7% to today ✓Markdown gives way to Distribution after an 11% rise in 9 days
2026-10-02Read Markdown44.17+7.9% to today Distribution gives way to Markdown after an 18% slide in 3 weeks
2026-09-08Read Distribution54.02-11.8% to today ✓Markup gives way to Distribution after a 20% slide in 10 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Nayax Ltd. holds its Accumulation at $47.66. Consolidating, no directional conviction, held for 32 days.
As held on the ledger · 2026-11-06
Phase
Accumulation
Quantitative state
Consolidating, no directional conviction, held for 32 days
Price at the screen
$47.66
Valuation
235.90 trailing · 38.40 forward price to earnings
Values screen
FAIL· score 70.0
Beta
-0.13
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
39.60%
Below 33%
Interest-bearing debt is 39.6% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.02%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
49.67%
Below 49%
Money owed to the company is 49.7% of assets, under the 49% limit.
Pass
Revenue purity
1.55%
Below 5%
Only 1.6% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Nayax's business is in a permissible area, but its interest-bearing debt is about 40% of the company, just over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-07. It updates when the underlying figures move, and past reads are kept below.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Undervalued vs our fair value, as of 6 Nov 2026: it trades at roughly a 15% discount to our $54.27 fair value, 28.20% revenue growth.
Fair value range in USD, drawn from the 2026-11-06 screen. The gold marker is the market price at the same screen. A 12.2% discount to the base estimate.
Where our models see it going: fair-value estimate $54.27, with a range of $54.27 to $62.41, dated to the 2026-11-06 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Cashless Vending Machines Trade Well Above Fair Value
Picture a coffee machine in a Tel Aviv office block that takes cards instead of coins. Nayax builds the terminals and software that make those transactions possible across dozens of countries. Revenue is rising 32 percent, yet the shares sit 12 percent above our fair value at a forward multiple of 47.6 times, which leaves little room for error.
The business earns a modest 7 percent profit margin and delivers a 14 percent return on equity with an unknown competitive moat. Analyst targets sit higher still, but our numbers show the price already bakes in strong execution that has yet to appear in the margins.
High valuation and thin profitability create real downside if growth slows or competition intensifies. The ethical screen clears, yet that does not change the stretched entry point. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; its business and earnings are exposed to Israel and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
NYAX trades on Nasdaq (the company is based in Israel). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-31Accumulation$48.47+8.4%Entry 9
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 8.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 42%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (4 analysts) rates it none, with a mean price target of $77. Insiders have been net buyers over the past quarter. Since the last review it its composite score eased.
The framework has shifted from distribution to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 8.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 42%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (4 analysts) rates it none, with a mean price target of $77. Insiders have been net buyers over the past quarter.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 10.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 42%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (4 analysts) rates it none, with a mean price target of $77. Insiders have been net buyers over the past quarter.
2026-10-02Markdown · changed$44.17-18.2%Entry 6
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 18.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 42%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (4 analysts) rates it none, with a mean price target of $77. Insiders have been net buyers over the past quarter.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 16.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 42%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (4 analysts) rates it none, with a mean price target of $77.
2026-08-07Markup$64.36-5.1%Entry 4
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 5.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 42%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (4 analysts) rates it none, with a mean price target of $77.
2026-07-18Markup$67.84+0.0%Entry 3
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 42%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (4 analysts) rates it none, with a mean price target of $77.
2026-07-03Markup$67.84+0.0%Entry 2
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$67.84Entry 1
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.