NCR Corporation ended 2022 with a mixed result, surpassing the revenue expectations of Wall Street on account of a healthy business environment and robust demand. However, it failed to meet the earnings expectations of analysts. The company’s vision of developing into a software-led as-a-service business with larger recurring revenue streams is moving forward as it continues to make considerable success against its strategic initiatives. NCR achieved overall revenue growth of 13%. Love’s Travel Stop and Country shops expanded their cooperation with NCR and are connecting over 3,000 lanes to the NCR Commerce platform to improve the omnichannel experience for its consumers. They continue to progress towards achieving the upgrade requirement for retail point-of-sale software. The company also observed high demand for self-checkout at its supermarket and big-box retailers as well as the development into new niches, including convenience and fuel in the department and specialty retail. Besides that, they continue to see significant demand in the hotel sector from both their business and SMB clients. They progressed with their integrated payments solution for customers in the hospitality industry. NCR is listed as the operator of 226 Chicken Salad Chick’s merchant payment processor sites for all current and future locations in the fourth quarter. We give NCR Corporation an ‘Outperform’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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