Nexi S.p.A.

BATS-CHIXE:NEXIM Stock Report

Market Cap: €6.6b

Nexi Valuation

Is NEXIM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NEXIM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NEXIM (€5.35) is trading above our estimate of fair value (€5.19)

Significantly Below Fair Value: NEXIM is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NEXIM?

Key metric: As NEXIM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NEXIM. This is calculated by dividing NEXIM's market cap by their current revenue.
What is NEXIM's PS Ratio?
PS Ratio1.1x
Sales€6.13b
Market Cap€6.60b

Price to Sales Ratio vs Peers

How does NEXIM's PS Ratio compare to its peers?

The above table shows the PS ratio for NEXIM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.1x
WISE Wise
7x11.1%UK£10.9b
PAY PayPoint
1.8x-3.6%UK£555.4m
BOKU Boku
7.4x12.6%UK£545.5m
WPS W.A.G payment solutions
0.3x9.5%UK£551.6m
NEXIM Nexi
1.1x-9.3%€6.6b

Price-To-Sales vs Peers: NEXIM is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (4.1x).

Price to Sales Ratio vs Industry

How does NEXIM's PS Ratio compare vs other companies in the GB Diversified Financial Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
NBS Nationwide Building Society
0.3xn/aUS$1.50b
WPS W.A.G payment solutions
0.3x9.5%US$691.64m
LEND Sancus Lending Group
0.2x15.1%US$3.22m
No more companies available in this PS range
No. of Companies5PS01.22.43.64.86+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NEXIM is good value based on its Price-To-Sales Ratio (1.1x) compared to the UK Diversified Financial industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is NEXIM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NEXIM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate NEXIM's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NEXIM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.35
€7.70
+44.0%
14.8%€10.40€5.50n/a19
Dec ’25€5.64
€7.84
+38.9%
15.3%€10.40€5.50n/a19
Nov ’25€5.80
€7.93
+36.7%
14.0%€10.40€5.50n/a19
Oct ’25€5.99
€8.12
+35.5%
13.9%€10.40€5.50n/a18
Sep ’25€6.30
€8.16
+29.4%
13.8%€10.40€5.50n/a18
Aug ’25€5.68
€8.08
+42.3%
14.7%€10.40€5.50n/a18
Jul ’25€5.71
€8.00
+40.2%
16.3%€10.40€5.50n/a18
Jun ’25€6.11
€7.98
+30.6%
15.9%€10.40€5.50n/a19
May ’25n/a
€7.90
0%
16.3%€10.40€5.50n/a19
Apr ’25n/a
€8.14
0%
15.0%€10.40€5.50n/a19
Mar ’25€6.93
€8.67
+25.1%
22.7%€15.80€6.30n/a19
Feb ’25€7.28
€8.80
+20.9%
22.6%€15.80€6.30n/a19
Jan ’25n/a
€8.72
0%
22.6%€15.80€6.30€5.3519
Dec ’24n/a
€8.80
0%
22.4%€15.80€6.30€5.6419
Nov ’24€5.41
€9.21
+70.0%
24.4%€15.80€6.30€5.8019
Oct ’24€5.81
€10.80
+85.9%
18.2%€15.80€7.60€5.9918
Sep ’24€6.70
€10.98
+63.8%
17.6%€15.80€7.60€6.3019
Aug ’24€7.53
€11.01
+46.2%
17.8%€15.80€7.60€5.6819
Jul ’24n/a
€11.08
0%
17.9%€15.80€7.60€5.7118
Jun ’24n/a
€11.08
0%
17.9%€15.80€7.60€6.1118
May ’24n/a
€11.13
0%
17.7%€15.80€7.60n/a18
Apr ’24n/a
€11.31
0%
15.9%€15.80€8.60n/a18
Mar ’24€7.63
€11.65
+52.7%
14.4%€15.80€8.60€6.9318
Feb ’24n/a
€11.62
0%
16.4%€15.80€8.60€7.2819
Jan ’24€7.37
€12.19
+65.4%
16.0%€15.80€8.60n/a19

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/01 10:25
End of Day Share Price 2024/12/27 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nexi S.p.A. is covered by 32 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Luigi TramontanaBanca Akros S.p.A. (ESN)
James GoodmanBarclays
Orson RoutBarclays