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Nexi S.p.A.

NEXXY
39
Software - Infrastructure · Technology
Price
$4.76
+0.00 (+0.00%)
Market Cap
$5.59B
Exchange
Other OTC
Winston Score
39
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Sep 22, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
Growth
Mixed
Cash Flow
Mixed
Stability
Good
Valuation
Data not available
Dividends
Good
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Share count rising — dilution

+36.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 899.1M (2021) → 1.23B (2025)

§Winston Score History

The full picture

Nexi is an Italian company that helps banks, merchants, and businesses process digital payments. When you tap your card or pay online in Europe, there's a good chance Nexi's technology is working behind the scenes to make that transaction happen. It is one of the largest payment technology providers in Europe, formed through mergers with SIA and Nets.

Nexi makes money by charging fees on each transaction it processes and by selling payment software and services to banks and retailers. It operates primarily across Italy, the Nordics, and the broader European market. Its deep partnerships with major European banks give it a strong competitive position that is hard for newcomers to replicate. Growth depends on the ongoing shift from cash to digital payments across Europe, but the company carries significant debt from its acquisition-driven expansion, which remains a key risk.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+77.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+33.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

€0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

61.1%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

€5.3B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Nexi S.p.A. grew revenue 78% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
25.0%
Thin — 25.0% gross margin
Profit after running costs
Operating Margin
7.9%
Modest — 7.9% operating margin
Return on the money invested
ROCE
9.1%
Below par — 9.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+26.2%
Fast-growing sales (+26.2% YoY)
Profit growth
EPS YoY
<−1,000%
Earnings shrinking (<−1,000% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
12.7%
Converts sales into free cash efficiently (12.7%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.87
Moderate — manageable debt (0.87)
Covers its interest
Interest Cover
5.06x
Adequate interest coverage (5.1x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
29.28%
Healthy income — 29.28% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
N/A
Data not available

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