VYX
NCR Voyix Corporation
$7.15
Stable Earnings Power
40%
P/Adj-EPS × Normalized Multiple
Moderate
·
Conviction
Undervalued
Trading 31.3% below fair value
You pay
$7.15
Bear
$8.33
Fair
$10.41
Bull
$12.49
Bear
$8.33
+16.5%
$0.69 × 12x P/E
Fair
$10.41
+45.6%
$0.69 × 15x P/E
Bull
$12.49
+74.7%
$0.69 × 18x P/E
Adjust Assumptions
15.0x
0.69$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
10.3x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (15 analysts)
$11.50
Divergence from AlphaVal
9%
Summary
Applying a 15x P/E to adjusted EPS of $0.69, the base-case value is $10.41 per share.
Warnings
The company's reported profits differ from official accounting profits by 131%. Check what costs are being left out of the adjusted number.
This stock is 41% below its 52-week high, with weak or declining earnings. That combination often signals real trouble, even though the valuation below is based on other fundamentals.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples