TacticScaleWhat NCR Voyix Does & How It Makes Money (VYX)
Updated October 2026 · reflects NCR Voyix's latest reported financials
Point-of-sale technology and services provider for retailers and restaurants. It earns revenue by selling POS hardware and software to retailers and restaurants, charging for payment processing and merchant acquiring, and providing recurring installation, maintenance, managed and professional services.
How NCR Voyix makes money
It earns revenue by selling POS hardware and software to retailers and restaurants, charging for payment processing and merchant acquiring, and providing recurring installation, maintenance, managed and professional services.
What NCR Voyix does
NCR Voyix, formerly NCR Corporation, is a digital commerce provider for retail stores and restaurants. It operates two segments, Retail and Restaurants, and serves customers in the Americas, Asia Pacific, Europe, the Middle East and Africa. Retail customers include grocery, drug, convenience fuel, department and specialty stores, plus big box chains. They use its POS terminals, self-checkout systems, scanners, payment processing and software connectivity. On the restaurant side, quick service, table service and fast casual operators use its Aloha Next POS, kitchen display systems, ordering kiosks, online ordering, white-labeled apps and loyalty tools. Across both segments, the Voyix Commerce Platform and back-office software cover payments, analytics, inventory and labor management. Installation, field break-fix and managed services add recurring revenue. The company was founded in 1884, took the name NCR Voyix in October 2023, and is headquartered in Atlanta, Georgia.
Products & services
- Voyix Commerce Platform
- Aloha Next by Voyix
- Self-checkout systems and kiosks
- POS terminals and kitchen display systems
- Payment processing and merchant acquiring
- Managed, installation and break-fix services
What is NCR Voyix worth?
On an owner-earnings DCF, NCR Voyix's most-likely value is about $3 versus a recent price near $7 (59% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$2) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
⚠ High leverage — net debt is 52.2× annual cash flow. Net debt is subtracted from this fair value, but refinancing at higher rates, principal timing, and share dilution aren’t modeled — the equity can be worth far less if cash flow weakens.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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