Getnet Partnership Could Expand The Case For Nayax (TASE:NYAX)

• Getnet and Nayax announced a partnership to combine Nayax payment technology with Getnet's acquiring platform, giving unattended operators in Europe and Latin America a single cashless acceptance solution. The rollout will start in Chile and later expand to Spain, Portugal, Brazil, Mexico and Argentina.
• The tie-up positions Nayax more deeply inside unattended retail and EV charging infrastructure. This aligns with its push for recurring processing and SaaS revenue from self-service devices across new geographies.
• We will now see how Nayax's investment narrative could shift as this Getnet partnership extends its unattended payments reach.

Scan other unattended payments and infrastructure plays that could echo Nayax's move by running the curated list of 93 robotics and automation stocks alongside this partnership story.

Nayax Investment Narrative Recap

To own Nayax, you need to believe the firm can keep scaling recurring processing and SaaS revenue across self service devices while eventually improving its thin 1.7% net margin. The Getnet agreement supports that story by plugging Nayax into more unattended machines in Latin America and Iberia, which directly targets transaction volume growth.

The next near term catalyst is whether higher volumes and international expansion start to show up in better earnings quality and margin stability after a year where profit growth went into decline and the share price was highly volatile. The main risk is that intense payment competition and rising regulatory costs offset any operating leverage from this rollout.

The Getnet partnership is the clearest recent announcement that ties directly into the existing thesis on volume driven recurring revenue and ecosystem lock in. By offering a single cashless solution across vending, EV charging and kiosks in Chile first, then Spain, Portugal, Brazil, Mexico and Argentina, Nayax is pursuing scale across multiple unattended verticals at once.

For you, the focus is on execution. Watch how quickly operators adopt the combined Nayax Getnet setup, whether churn remains contained as new regions come online and whether the transaction and SaaS mix supports the forecast 20.8% annual revenue growth and high earnings growth assumptions analysts have for the business. Slow uptake or heavy pricing pressure would weaken that narrative.

Nayax's narrative projects $850.7 million revenue and $106.2 million earnings by 2029. This assumes 23.4% yearly revenue growth and an earnings increase of about 13x from $7.9 million today.

Uncover why Nayax's fair value signals a 3% potential downside to its current price, which leaves little room for error.

Exploring Other Perspectives

One alternate angle treats the Getnet deal as a test of the bullish EV charging and higher ticket thesis around Nayax. The most optimistic analysts were already mapping out revenue of $879.9 million and earnings of $106.2 million by 2029 at a 34.1x P/E. That is far more upbeat than consensus and could shift again as this partnership plays out.

Explore 2 other Nayax fair value estimates, including one that suggests it could be worth as much as ₪142.35.

Reach Your Own Conclusion

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your Nayax research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.
• See our latest analysis for Nayax. The report includes a comprehensive fundamental analysis summarized in a single visual, the Snowflake, making it easy to evaluate Nayax's overall financial health at a glance.

Looking For More Investment Ideas Beyond Nayax?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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