NCR Atleos Corporation
Description
NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others. The Network segment provides a network of ATMs and multi-functioning financial services kiosks for financial institutions, fintechs, neobanks, and retailers; Allpoint network for credit unions, banks, digital banks, fintechs, stored-value debit card issuers, and other consumer financial services providers; ReadyCode to convert a digital value to cash or cash to a digital value; ATM branding solutions to financial institutions; ATM management and services to retailers and other businesses; and engages in the buying and selling of Bitcoins. The T&T segment offers managed network and infrastructure services to enterprise clients across various industries through communications service providers and technology manufacturers; and professional, field, and remote services for modern network technologies, including software-defined wide area networking, network functions virtualization, wireless local area networks, optical networking, and edge networks. NCR Atleos Corporation is headquartered in Atlanta, Georgia.
About
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 11, 2025 | — | — | — | — |
| Aug 12, 2025 | — | — | — | — |
| May 13, 2025 | — | — | — | — |
| Feb 13, 2025 | — | — | — | — |
| Nov 13, 2024 | 0.79 | 0.89 | 0.10 | 12.66% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 4 | — | 5 |
| Average estimate | — | 0.64 | — | 4.01 |
| Low estimate | — | 0.57 | — | 3.60 |
| High estimate | — | 0.78 | — | 4.57 |
| Last year EPS | — | 0.41 | — | 3.15 |
Growth estimates
Analyst Ratings
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| Nov 14, 2024 |
Goldman Sachs
George Tong
|
Maintains | Neutral | ▲ Raises $29 → $33 |
| Oct 2, 2024 |
DA Davidson
Matt Summerville
|
Maintains | Buy | Maintains $48 |
| Oct 2, 2024 |
Stifel
Shlomo Rosenbaum
|
Initiates | Hold | Announces $31 |
| Aug 15, 2024 |
Goldman Sachs
George Tong
|
Maintains | Neutral | ▲ Raises $26 → $29 |
| May 16, 2024 |
DA Davidson
Matt Summerville
|
Maintains | Buy | ▲ Raises $30 → $48 |
| May 15, 2024 |
Goldman Sachs
George Tong
|
Maintains | Neutral | ▲ Raises $23 → $26 |
| Mar 18, 2024 |
Goldman Sachs
George Tong
|
Initiates | Neutral | Announces $23 |
| Jan 11, 2024 |
Wolfe Research
Michael O'Brien
|
Initiates | Outperform | Announces $30 |
| Apr 15, 2016 |
Raymond James
|
Downgrade | Underperform | — |
| Aug 11, 2015 |
Raymond James
|
Upgrade | Market Perform | — |
| Feb 27, 2013 |
B of A Securities
|
Maintains | Underperform | ▲ Raises $28 → $29 |
Income statement
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total reported revenue | 4.19B | 4.13B | 3.55B | 2.99B |
| Cost of revenue | 3.26B | 3.21B | 2.66B | 2.32B |
| Gross profit | 933.00M | 919.00M | 892.00M | 670.00M |
| Operating expense | ||||
| Research & development | 77.00M | 64.00M | 107.00M | 87.00M |
| Selling general and admin | 585.00M | 586.00M | 537.00M | 367.00M |
| Other operating expenses | — | — | — | — |
| Operating income | 271.00M | 269.00M | 248.00M | 216.00M |
| Non operating interest income | ||||
| Income | — | — | — | — |
| Expense | 90.00M | 31.00M | 49.00M | 6.00M |
| Other income expense | -74.00M | -81.00M | 52.00M | 30.00M |
| Pretax income | 107.00M | 157.00M | 251.00M | 240.00M |
| Tax provision | 239.00M | 50.00M | 64.00M | 48.00M |
| Net income | -132.00M | 107.00M | 187.00M | 192.00M |
| Basic EPS | -1.90 | 1.53 | 2.63 | 2.71 |
| Diluted EPS | -1.90 | 1.53 | 2.63 | 2.71 |
| Basic average shares | 70.60M | 70.60M | 70.60M | 70.60M |
| Diluted average shares | 70.60M | 70.60M | 70.60M | 70.60M |
| EBITDA | 451.00M | 447.00M | 459.00M | 279.00M |
| Net income from continuing op. | -132.00M | 107.00M | 187.00M | 192.00M |
| Minority interests | -2.00M | 1.00M | -1.00M | -1.00M |
| Preferred stock dividends | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 5.74B | 5.77B | 5.58B |
| Current assets | |||
| Cash | — | — | — |
| Cash equivalents | — | — | — |
| Cash and cash equivalents | 339.00M | 293.00M | 238.00M |
| Other short term investments | — | — | — |
| Accounts receivable | 714.00M | 455.00M | 399.00M |
| Other receivables | — | — | — |
| Inventory | 333.00M | 419.00M | 467.00M |
| Prepaid assets | — | — | — |
| Restricted cash | 238.00M | 204.00M | 231.00M |
| Assets held for sale | — | — | — |
| Hedging assets | — | — | — |
| Other current assets | 271.00M | 231.00M | 204.00M |
| Non current assets | |||
| Properties | 146.00M | 86.00M | 100.00M |
| Land and improvements | 1.00M | 1.00M | 1.00M |
| Machinery furniture equipment | 909.00M | 645.00M | 582.00M |
| Construction in progress | — | — | — |
| Leases | — | — | — |
| Accumulated depreciation | -539.00M | -302.00M | -214.00M |
| Goodwill | 4.54B | 4.63B | 4.63B |
| Investment properties | — | — | — |
| Financial assets | — | — | — |
| Intangible assets | 635.00M | 729.00M | 815.00M |
| Investments and advances | — | — | — |
| Other non current assets | 427.00M | 1.11B | 604.00M |
| Total liabilities | 5.45B | 2.51B | 3.24B |
| Current liabilities | |||
| Accounts payable | 500.00M | 350.00M | 389.00M |
| Accrued expenses | 151.00M | 69.00M | 120.00M |
| Short term debt | 76.00M | 108.00M | 208.00M |
| Deferred revenue | 325.00M | 356.00M | 332.00M |
| Tax payable | — | — | — |
| Pensions | — | — | — |
| Other current liabilities | 695.00M | 473.00M | 541.00M |
| Non current liabilities | |||
| Long term debt | 3.05B | 776.00M | 1.25B |
| Provision for risks and charges | 36.00M | 39.00M | 44.00M |
| Deferred liabilities | 34.00M | 201.00M | 182.00M |
| Derivative product liabilities | — | — | — |
| Other non current liabilities | 141.00M | 103.00M | 120.00M |
| Shareholders equity | |||
| Common stock | 1.00M | — | — |
| Retained earnings | 181.00M | — | — |
| Other shareholders equity | 86.00M | -63.00M | -98.00M |
| Total shareholders equity | 287.00M | 3.26B | 2.34B |
| Additional paid in capital | 16.00M | — | — |
| Treasury stock | — | — | — |
| Minority interest | 3.00M | -1.00M | 3.00M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | -132.00M | 107.00M | 187.00M | 192.00M |
| Depreciation | 254.00M | 259.00M | 159.00M | 33.00M |
| Deferred Taxes | 74.00M | -28.00M | 19.00M | -11.00M |
| Stock-Based Compensation | 68.00M | 66.00M | 82.00M | 48.00M |
| Other Non-Cash Items | — | — | — | -7.00M |
| Accounts Receivable | -52.00M | -78.00M | 70.00M | 159.00M |
| Accounts Payable | — | — | — | — |
| Other Assets & Liabilities | — | 26.00M | -195.00M | 76.00M |
| Operating Cash Flow | 212.00M | 352.00M | 322.00M | 490.00M |
| Investing Activities | ||||
| Capital Expenditures | — | — | — | — |
| Net Intangibles | — | — | — | — |
| Net Acquisitions | -1.00M | -78.00M | -2.35B | — |
| Purchase of Investments | -10.00M | — | — | — |
| Sale of Investments | — | — | — | — |
| Investing Cash Flow | -184.00M | -320.00M | -2.38B | -30.00M |
| Financing Activities | ||||
| Long-Term Debt Issuance | 3.64B | 68.00M | 1.19B | 25.00M |
| Long-Term Debt Payments | -490.00M | -606.00M | -10.00M | -23.00M |
| Other Financing Charges | -3.12B | 721.00M | 1.17B | -340.00M |
| Financing Cash Flow | 1.92B | 183.00M | 2.35B | -338.00M |
| Other Cash Details | ||||
| End Cash Position | 586.00M | 499.00M | 470.00M | 170.00M |
| Income Tax Paid | 69.00M | 32.00M | 42.00M | 48.00M |
| Interest Paid | 72.00M | 55.00M | 17.00M | 9.00M |
| Free Cash Flow | 223.00M | 177.00M | 338.00M | 380.00M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 4,735,068 | 149.86M | 6.53% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 2,263,479 | 71.64M | 3.12% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 2,053,736 | 65.00M | 2.83% |
| Undiscovered Managers Behavioral Value Fund | Sep 30, 2024 | 2,019,891 | 63.93M | 2.79% |
| FPA Funds Tr-FPA Crescent Fund | Sep 30, 2024 | 1,845,291 | 58.40M | 2.55% |
| Victory Portfolios-Sycamore Small Company Opportunity Fund | Sep 30, 2024 | 1,809,000 | 57.25M | 2.50% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,807,739 | 57.21M | 2.49% |
| Fidelity Value Fund | Nov 30, 2024 | 1,786,350 | 56.54M | 2.46% |
| AB Cap Fd.-AB Small Cap Growth Port | Dec 31, 2024 | 1,463,223 | 46.31M | 2.02% |
| Brown Advisory Fds-Brown Advisory Small Cap Fund Value Fd | Nov 30, 2024 | 1,400,001 | 44.31M | 1.93% |
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