Latest news with #NATL
Yahoo
02-04-2025
- Business
- Yahoo
NCR Atleos Corporation (NATL): A Bull Case Theory
We came across a bullish thesis on NCR Atleos Corporation (NATL) on Substack by Alex Feng. In this article, we will summarize the bulls' thesis on NATL. NCR Atleos Corporation (NATL)'s share was trading at $27.04 as of April 1st. NATL's trailing and forward P/E were 21.98 and 6.51 respectively according to Yahoo Finance. A person using a bank ATM to access current and savings accounts. NCR Atleos (NATL) is one of the dominant players in the global ATM manufacturing industry, uniquely positioned to capitalize on the banking sector's shift toward outsourced ATM operations. While the overall ATM market is experiencing a modest decline, Atleos is driving growth through its ATM-as-a-Service (ATMaaS) model, which enables banks to outsource their ATM networks, significantly reducing costs and operational complexity. This transition is accelerating as banks seek cost efficiencies, allowing Atleos to expand its recurring revenue base and improve profit margins. With the acquisition of Cardtronics, Atleos further strengthened its ATMaaS offering by integrating the largest independent ATM deployer (IAD) network, comprising 78,000 ATMs across North America and Europe. This move enhances its scale advantages, enabling cost efficiencies that banks cannot achieve independently. The ATMaaS model is fundamentally transforming Atleos' business, shifting its revenue structure from one-time machine sales to a subscription-based model that covers maintenance, software, security operations, cash management, and transaction processing. This transition increases total revenue per ATM by 2.0–2.5x over its lifecycle while delivering higher EBITDA margins of 30%, compared to the 20–25% margins under the traditional model. Atleos currently has 28,400 ATMs under its ATMaaS model, with an average revenue per unit (ARPU) of $8,600, and management aims to expand this to 125,000 ATMs over the next three to five years, increasing ARPU to over $10,000. As a result, Atleos expects a 6% revenue CAGR and mid-teens EBITDA growth through 2027, with free cash flow projected to triple over this period. Despite these favorable industry trends and Atleos' strong execution, the stock remains undervalued at 6.2x EV/EBITDA and 9.5x adjusted PE, reflecting market skepticism about its growth prospects. However, as the company continues expanding ATMaaS adoption, deleveraging its balance sheet, and returning capital to shareholders, a moderate valuation rerating could generate a 25–43% IRR over the next three years. If the company fully executes its strategic initiatives, the upside could be even higher, making it an attractive investment with limited downside risk. Furthermore, Atleos benefits from banks' increasing focus on cost reduction amid economic uncertainty, positioning it as a defensive investment within a diversified portfolio. Competition within the ATM industry remains relatively stable, with Atleos and Diebold Nixdorf controlling over 70% of the 1.9 million non-APAC ATMs globally. Diebold, having recently emerged from bankruptcy, is focused on improving its margins and restoring financial stability but is not aggressively pursuing ATMaaS. This gives Atleos a competitive edge in leading the industry's transformation. Meanwhile, Hyosung continues to focus on selling lower-cost ATMs rather than expanding into outsourcing services, further reinforcing Atleos' market leadership. Overall, Atleos is well-positioned to capitalize on the structural shift toward ATMaaS, offering a compelling investment opportunity with strong revenue visibility, expanding margins, and significant upside potential. The company's dedicated management team, improved capital allocation, and growing ATMaaS penetration create a highly attractive risk/reward profile. If Atleos successfully scales its ATMaaS model, the stock could nearly double from current levels, making it a standout investment in the financial services infrastructure sector. NCR Atleos Corporation (NATL) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held NATL at the end of the fourth quarter which was 27 in the previous quarter. While we acknowledge the risk and potential of NATL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NATL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
10-02-2025
- Sport
- Yahoo
Michigan football 2026 target Bear McWhorter sets commitment date, reveals top 5
Michigan football recruiting is picking up for the 2026 recruiting cycle, but it's been something of a slow burn rather than a sprint to add members to the class. The Wolverines have just two commitments in the 2026 class at the moment -- three-star cornerback Brody Jennings and three-star wide receiver Jaylen Pile -- but had three before quarterback Brady Hart reclassified to 2025 and flipped to Texas A&M. Regardless, most of the top targets remain on the board as the winter dead period begins, with spring and summer visits likely bringing in the most fruit off the recruiting tree. On Nov. 2, Michigan hosted 2026 White (Ga.) Cass three-star IOL Bear McWhorter for the Oregon game. According to 247Sports, McWhorter appears to be favoring the Wolverines and Alabama the most. On Monday, On3's Hayes Fawcett revealed that McWhorter, overall, is considering five schools and will officially make his commitment at the end of the month, on Feb. 28 -- choosing between Michigan, Alabama, Clemson, Florida, and South Carolina. NEWS: Class of 2026 IOL Bear McWhorter is down to 5️⃣ Schools & will commit on February 28th, he tells me for @on3recruitsThe 6'4 305 IOL from Kingston, GA will choose between Alabama, Florida, Michigan, Clemson, & South CarolinaWhere Should He Go?👇🏽 — Hayes Fawcett (@Hayesfawcett3) February 10, 2025 Here is how McWhorter ranks according to the recruiting services: 247Sports Composite 3* 437 NATL 38 IOL 46 GA On3 Industry Ranking 3* 502 NATL 48 IOL 56 GA 247Sports 3* - 77 IOL 75 GA On3 3* - 69 IOL 83 GA ESPN 4* 214 NATL 9 IOL 25 GA Rivals 4* - 11 IOL 39 GA On3 has Alabama as the 74% favorite per the recruiting prediction machine. This article originally appeared on Wolverines Wire: Michigan football target Bear McWhorter sets commitment date
USA Today
10-02-2025
- Sport
- USA Today
Michigan football 2026 target Bear McWhorter sets commitment date, reveals top 5
Michigan football 2026 target Bear McWhorter sets commitment date, reveals top 5 Michigan football recruiting is picking up for the 2026 recruiting cycle, but it's been something of a slow burn rather than a sprint to add members to the class. The Wolverines have just two commitments in the 2026 class at the moment -- three-star cornerback Brody Jennings and three-star wide receiver Jaylen Pile -- but had three before quarterback Brady Hart reclassified to 2025 and flipped to Texas A&M. Regardless, most of the top targets remain on the board as the winter dead period begins, with spring and summer visits likely bringing in the most fruit off the recruiting tree. On Nov. 2, Michigan hosted 2026 White (Ga.) Cass three-star IOL Bear McWhorter for the Oregon game. According to 247Sports, McWhorter appears to be favoring the Wolverines and Alabama the most. On Monday, On3's Hayes Fawcett revealed that McWhorter, overall, is considering five schools and will officially make his commitment at the end of the month, on Feb. 28 -- choosing between Michigan, Alabama, Clemson, Florida, and South Carolina. Here is how McWhorter ranks according to the recruiting services: 247Sports Composite 3* 437 NATL 38 IOL 46 GA On3 Industry Ranking 3* 502 NATL 48 IOL 56 GA 247Sports 3* - 77 IOL 75 GA On3 3* - 69 IOL 83 GA ESPN 4* 214 NATL 9 IOL 25 GA Rivals 4* - 11 IOL 39 GA On3 has Alabama as the 74% favorite per the recruiting prediction machine.
