Loading...

NCR

NYSE:NCR
Snowflake Description

Reasonable growth potential with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NCR
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
NCR Share Price and Events
7 Day Returns
-4.2%
NYSE:NCR
3.2%
US Tech
0.4%
US Market
1 Year Returns
-10.2%
NYSE:NCR
6.2%
US Tech
3.5%
US Market
NCR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NCR (NCR) -4.2% -5.5% 24.7% -10.2% -6.3% -23.9%
US Tech 3.2% 9.5% 20.6% 6.2% 67.3% 110.9%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • NCR underperformed the Tech industry which returned 6.2% over the past year.
  • NCR underperformed the Market in United States of America which returned 3.5% over the past year.
Price Volatility
NCR
Industry
5yr Volatility vs Market
Related Companies

Value

 Is NCR undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NCR to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NCR.

NYSE:NCR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:NCR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.027 (1 + (1- 21%) (97.94%))
1.55
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.55
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.55 * 5.96%)
11.97%

Discounted Cash Flow Calculation for NYSE:NCR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NCR is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:NCR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.97%)
2019 338.00 Analyst x2 301.87
2020 398.00 Analyst x2 317.45
2021 391.82 Est @ -1.55% 279.11
2022 390.77 Est @ -0.27% 248.60
2023 393.24 Est @ 0.63% 223.43
2024 398.20 Est @ 1.26% 202.06
2025 404.97 Est @ 1.7% 183.53
2026 413.11 Est @ 2.01% 167.20
2027 422.31 Est @ 2.23% 152.65
2028 432.35 Est @ 2.38% 139.57
Present value of next 10 years cash flows $2,215.47
NYSE:NCR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $432.35 × (1 + 2.73%) ÷ (11.97% – 2.73%)
$4,806.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,806.59 ÷ (1 + 11.97%)10
$1,551.67
NYSE:NCR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,215.47 + $1,551.67
$3,767.14
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,767.14 / 118.94
$31.67
NYSE:NCR Discount to Share Price
Calculation Result
Value per share (USD) From above. $31.67
Current discount Discount to share price of $27.17
= -1 x ($27.17 - $31.67) / $31.67
14.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price NCR is available for.
Intrinsic value
14%
Share price is $27.17 vs Future cash flow value of $31.67
Current Discount Checks
For NCR to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NCR's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • NCR's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NCR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NCR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:NCR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.72
NYSE:NCR Share Price ** NYSE (2019-03-22) in USD $27.17
United States of America Tech Industry PE Ratio Median Figure of 15 Publicly-Listed Tech Companies 16.55x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NCR.

NYSE:NCR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:NCR Share Price ÷ EPS (both in USD)

= 27.17 ÷ -0.72

-37.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NCR is loss making, we can't compare its value to the US Tech industry average.
  • NCR is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does NCR's expected growth come at a high price?
Raw Data
NYSE:NCR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -37.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
94%per year
United States of America Tech Industry PEG Ratio Median Figure of 8 Publicly-Listed Tech Companies 1.08x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for NCR, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NCR's assets?
Raw Data
NYSE:NCR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $3.33
NYSE:NCR Share Price * NYSE (2019-03-22) in USD $27.17
United States of America Tech Industry PB Ratio Median Figure of 38 Publicly-Listed Tech Companies 1.9x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
NYSE:NCR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:NCR Share Price ÷ Book Value per Share (both in USD)

= 27.17 ÷ 3.33

8.16x

* Primary Listing of NCR.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NCR is overvalued based on assets compared to the US Tech industry average.
X
Value checks
We assess NCR's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. NCR has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is NCR expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
94%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NCR expected to grow at an attractive rate?
  • NCR's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • NCR's earnings growth is expected to exceed the United States of America market average.
  • NCR's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:NCR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:NCR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 94%
NYSE:NCR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 1.8%
United States of America Tech Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
United States of America Tech Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:NCR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:NCR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,690 1
2020-12-31 6,659 745 341 6
2019-12-31 6,507 716 253 6
NYSE:NCR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 6,405 536 -85
2018-09-30 6,386 631 -85
2018-06-30 6,499 702 -52
2018-03-31 6,555 683 188
2017-12-31 6,516 744 128
2017-09-30 6,536 772 230
2017-06-30 6,550 860 218
2017-03-31 6,577 880 196
2016-12-31 6,543 857 234
2016-09-30 6,421 588 222
2016-06-30 6,357 533 230
2016-03-31 6,341 574 -177

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NCR's earnings are expected to grow significantly at over 20% yearly.
  • NCR's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:NCR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from NCR Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NCR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 2.24 2.24 2.24 1.00
2019-12-31 1.68 1.68 1.68 1.00
NYSE:NCR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.72
2018-09-30 -0.71
2018-06-30 -0.43
2018-03-31 1.55
2017-12-31 1.05
2017-09-30 1.88
2017-06-30 1.77
2017-03-31 1.58
2016-12-31 1.86
2016-09-30 1.64
2016-06-30 1.57
2016-03-31 -1.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • NCR is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess NCR's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NCR has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has NCR performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NCR's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NCR does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare NCR's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare NCR's 1-year growth to the US Tech industry average as it is not currently profitable.
Earnings and Revenue History
NCR's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NCR Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NCR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,405.00 -85.00 887.00 242.00
2018-09-30 6,386.00 -85.00 947.00 263.00
2018-06-30 6,499.00 -52.00 943.00 257.00
2018-03-31 6,555.00 188.00 923.00 252.00
2017-12-31 6,516.00 128.00 919.00 237.00
2017-09-30 6,536.00 230.00 904.00 256.00
2017-06-30 6,550.00 218.00 911.00 260.00
2017-03-31 6,577.00 196.00 917.00 253.00
2016-12-31 6,543.00 234.00 965.00 225.00
2016-09-30 6,421.00 222.00 918.00 214.00
2016-06-30 6,357.00 230.00 917.00 211.00
2016-03-31 6,341.00 -177.00 1,028.00 228.00
2015-12-31 6,373.00 -158.00 1,031.00 230.00
2015-09-30 6,461.00 -164.00 1,068.00 252.00
2015-06-30 6,495.00 -266.00 1,072.00 258.00
2015-03-31 6,549.00 168.00 977.00 255.00
2014-12-31 6,591.00 181.00 985.00 263.00
2014-09-30 6,493.00 349.00 888.00 226.00
2014-06-30 6,354.00 447.00 866.00 220.00
2014-03-31 6,231.00 443.00 843.00 211.00
2013-12-31 6,123.00 452.00 825.00 203.00
2013-09-30 6,095.00 485.00 773.00 176.00
2013-06-30 6,022.00 475.00 772.00 170.00
2013-03-31 5,896.00 478.00 745.00 164.00
2012-12-31 5,730.00 475.00 719.00 155.00
2012-09-30 5,689.00 295.00 806.00 193.00
2012-06-30 5,614.00 230.00 800.00 190.00
2012-03-31 5,477.00 186.00 785.00 182.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if NCR has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • NCR used its assets less efficiently than the US Tech industry average last year based on Return on Assets.
  • It is difficult to establish if NCR improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess NCR's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NCR has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is NCR's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NCR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NCR is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NCR's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of NCR's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NCR Company Filings, last reported 2 months ago.

NYSE:NCR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,272.00 3,165.00 464.00
2018-09-30 1,308.00 3,127.00 334.00
2018-06-30 1,220.00 3,112.00 343.00
2018-03-31 1,440.00 3,072.00 348.00
2017-12-31 1,547.00 2,991.00 537.00
2017-09-30 1,587.00 3,253.00 405.00
2017-06-30 1,447.00 3,282.00 377.00
2017-03-31 1,325.00 3,328.00 401.00
2016-12-31 1,561.00 3,051.00 498.00
2016-09-30 1,520.00 3,289.00 318.00
2016-06-30 1,391.00 3,458.00 332.00
2016-03-31 1,357.00 3,521.00 333.00
2015-12-31 1,540.00 3,255.00 328.00
2015-09-30 1,687.00 3,252.00 303.00
2015-06-30 1,614.00 3,479.00 425.00
2015-03-31 1,920.00 3,621.00 462.00
2014-12-31 1,898.00 3,624.00 511.00
2014-09-30 1,944.00 3,752.00 424.00
2014-06-30 1,969.00 3,932.00 483.00
2014-03-31 1,848.00 3,958.00 515.00
2013-12-31 1,797.00 3,364.00 528.00
2013-09-30 1,592.00 2,238.00 460.00
2013-06-30 1,484.00 2,174.00 460.00
2013-03-31 1,391.00 2,106.00 483.00
2012-12-31 1,297.00 1,979.00 1,069.00
2012-09-30 1,036.00 1,479.00 581.00
2012-06-30 996.00 753.00 377.00
2012-03-31 893.00 835.00 414.00
  • NCR's level of debt (248.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (187.5% vs 248.8% today).
  • Debt is not well covered by operating cash flow (16.9%, less than 20% of total debt).
  • NCR is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess NCR's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NCR has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is NCR's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from NCR dividends.
If you bought $2,000 of NCR shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate NCR's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate NCR's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:NCR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Tech Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:NCR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as NCR has not reported any payouts.
  • Unable to verify if NCR's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of NCR's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as NCR has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess NCR's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NCR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NCR has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of NCR's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Hayford
COMPENSATION $14,239,889
AGE 58
TENURE AS CEO 0.9 years
CEO Bio

Mr. Michael Dale Hayford, also known as Mike, C.P.A., is the President, Chief Executive Officer and Director of NCR Corporation since April 30, 2018. He was Founder and Senior Advisor at Motive Capital Management, LLC until February 2019. Mr. Hayford served as a Founding Partner at the firm. He is an Independent Director of Endurance International Group Holdings, Inc. since June 2013. He had served as Corporate Executive Vice President and Chief Financial Officer of Fidelity National Information Services, Inc. from October 2009 to 2013. As Chief Financial Officer, Mr. Hayford was responsible for all finance, accounting and investor relations activities for the Company. Mr. Hayford served as the Chief Operating Officer at Metavante from May 2006 through September 2009 and as the President from November 2008 through September 2009. He served as President, Chief Operating Officer and Director of Metavante Technologies, Inc. Mr. Hayford joined Metavante in 1992 as Head of Operations and was promoted to Chief Information Officer in 1993. He was Head of Corporate and Product Development at Metavante. Since then, he has held various positions with Metavante, including General Manager of the Financial Products Group with responsibility for application development. In 2001, Mr. Hayford was named Chief Financial Officer and served in this position until July 2007. He left the company in September 2009. From November 2007 through October 2009, Mr. Hayford also served on the board of Metavante. Prior to joining Metavante, Mr. Hayford spent 10 years with Andersen Consulting LLP, the business and technology consulting company now known as Accenture. He was responsible for managing a number of large system integration projects, including the design and development of a worldwide training program for all Accenture new hires. He is a member of the Board of Directors of West Bend Mutual Insurance Company and a member of the Board of Directors of Endurance International Group Holdings, Inc. Mr. Hayford holds a master’s degree in Business Administration from Northwestern University’s Kellogg School of Business, and a B.S. in Accounting and Computer Science from the University of Wisconsin- La Crosse. He is also a Certified Public Accountant.

CEO Compensation
  • Insufficient data for Mike to compare compensation growth.
  • Mike's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the NCR management team in years:

0.8
Average Tenure
58
Average Age
  • The average tenure for the NCR management team is less than 2 years, this suggests a new team.
Management Team

Frank Martire

TITLE
Executive Chairman
COMPENSATION
$7M
AGE
70

Mike Hayford

TITLE
President
COMPENSATION
$14M
AGE
58
TENURE
0.9 yrs

Andre Fernandez

TITLE
CFO & Executive VP
COMPENSATION
$5M
AGE
50
TENURE
0.6 yrs

Owen Sullivan

TITLE
Chief Operating Officer
COMPENSATION
$7M
AGE
60
TENURE
0.7 yrs

Dan Campbell

TITLE
Executive Vice President of Global Sales
COMPENSATION
$7M
AGE
57
TENURE
1.1 yrs

Tim Vanderham

TITLE
Senior VP & CTO
TENURE
0.7 yrs

Bill VanCuren

TITLE
Senior VP & Chief Information Officer
TENURE
2.8 yrs

Mike Nelson

TITLE
Vice President of Investor Relations

Jim Bedore

TITLE
EVP, General Counsel & Corporate Secretary
AGE
58
TENURE
0.3 yrs

Marija Zivanovic-Smith

TITLE
Senior Vice President of Corporate Marketing
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the NCR board of directors in years:

3.2
Average Tenure
65.5
Average Age
  • The tenure for the NCR board of directors is about average.
Board of Directors

Mike Hayford

TITLE
President
COMPENSATION
$14M
AGE
58
TENURE
0.9 yrs

Linda Fayne Levinson

TITLE
Director
COMPENSATION
$380K
AGE
76
TENURE
22.2 yrs

Frank Martire

TITLE
Executive Chairman
COMPENSATION
$7M
AGE
70
TENURE
0.8 yrs

Rick Clemmer

TITLE
Director
COMPENSATION
$331K
AGE
67
TENURE
10.9 yrs

Kurt Kuehn

TITLE
Director
COMPENSATION
$339K
AGE
64
TENURE
6.8 yrs

Chinh Chu

TITLE
Independent Lead Director
COMPENSATION
$364K
AGE
51
TENURE
3.1 yrs

Bob DeRodes

TITLE
Director
COMPENSATION
$320K
AGE
67
TENURE
10.9 yrs

Greg Blank

TITLE
Director
AGE
37
TENURE
3.3 yrs

Matt Thompson

TITLE
Director
COMPENSATION
$316K
AGE
59
TENURE
1.4 yrs

Debby Farrington

TITLE
Director
COMPENSATION
$320K
AGE
68
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
10. May 18 Buy Michael Hayford Individual 08. May 18 08. May 18 17,500 $29.28 $512,400
X
Management checks
We assess NCR's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NCR has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Now The Time To Look At Buying NCR Corporation (NYSE:NCR)?

As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, what if the stock is still a bargain … Today I will analyse the most recent data on NCR’s outlook and valuation to see if the opportunity still exists.

Simply Wall St -

Should You Take Comfort From Insider Transactions At NCR Corporation (NYSE:NCR)?

We often see insiders buying up shares in companies that perform well over the long term. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that an insider was happy to buy shares at above the current price.

Simply Wall St -

What Should Investors Know About NCR Corporation's (NYSE:NCR) Capital Returns?

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Your return is tied to NCR’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … Thus, to understand how your money can grow by investing in NCR, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Calculating The Intrinsic Value Of NCR Corporation (NYSE:NCR)

How far off is NCR Corporation (NYSE:NCR) from its intrinsic value? … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Is There Now An Opportunity In NCR Corporation (NYSE:NCR)?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $32.22 at one point, and dropping to the lows of $26.91. … A question to answer is whether NCR's current trading price of $28.9 reflective of the actual value of the? … Let’s take a look at NCR’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Are NCR Corporation's (NYSE:NCR) Interest Costs Too High?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as NCR Corporation (NYSE:NCR), with a market capitalization of US$3.57b, rarely draw their attention from the investing community. … However, history shows that overlooked mid-cap companies have performed better on a risk-adjusted manner than the smaller and larger segment of the market. … Today we will look at NCR’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth.

Simply Wall St -

Is NCR Corporation (NYSE:NCR) Undervalued After Accounting For Its Future Growth?

Growth expectations for NCR Corporation (NYSE:NCR) are high, but many investors are starting to ask whether its last close at $31.97 can still be rationalized by the future potential. … >Where's the growth. … According to the analysts covering the company, the following few years should bring about good growth prospects for NCR

Simply Wall St -

Should You Expect NCR Corporation (NYSE:NCR) To Continue Delivering An ROE Of 16.60%?

and want a simplistic look at the return on NCR Corporation (NYSE:NCR) stock. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface. … Return on Equity (ROE) is a measure of NCR’s profit relative to its shareholders’ equity.

Simply Wall St -

What does NCR Corporation's (NYSE:NCR) Balance Sheet Tell Us About Its Future?

Additionally, NCR has generated US$747.00M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 24.97%, indicating that NCR’s debt is appropriately covered by operating cash. … Next Steps: NCR’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

Simply Wall St -

Is It Time To Sell NCR Corporation (NYSE:NCR) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for NCR Price per share = $30.71 Earnings per share = $1.05 ∴ Price-Earnings Ratio = $30.71 ÷ $1.05 = 29.2x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … NCR’s P/E of 29.2x is higher than its industry peers (18.2x), which implies that each dollar of NCR’s earnings is being overvalued by investors. … For example, if you are inadvertently comparing riskier firms with NCR, then NCR’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

Company Info

Description

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company’s Software segment offers industry-based software platforms, applications, and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry. This segment also provides electronic and mobile payment solutions, sector-specific point of sale (POS) software applications, and back-office inventory, and store and restaurant management applications for the retail and hospitality industries; and software support and maintenance, and consulting and implementation services for its software solutions. Its Services segment offers assessment and preparation, staging, installation, implementation, and maintenance and support; and systems management and managed services for its hardware solutions, as well as installation, maintenance, and services for third party networking products and computer hardware. The company’s Hardware segment offers multi-function and thin-client ATMs, interactive teller machines, cash dispensers, cash recycling ATMs, and hardware for check and image processing; financial services hardware; and POS terminals, self-checkout kiosks, order and payment kiosks, bar code scanners, printers, and peripherals to retailers, restaurants, food service companies, and entertainment and sports venues. This segment also provides self-check in/out kiosk solutions for airlines, hotels, and casinos; and wayfinding solutions, digital signage, bill payment kiosks, and gift registries, as well as resells third party networking products. NCR Corporation was founded in 1884 and is headquartered in Atlanta, Georgia.

Details
Name: NCR Corporation
NCR
Exchange: NYSE
Founded: 1884
$3,231,669,192
118,942,554
Website: http://www.ncr.com
Address: NCR Corporation
864 Spring Street Northwest,
Atlanta,
Georgia, 30308,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NCR Common Stock New York Stock Exchange US USD 11. Dec 1996
DB NCR1 Common Stock Deutsche Boerse AG DE EUR 11. Dec 1996
LSE 0K45 Common Stock London Stock Exchange GB USD 11. Dec 1996
Number of employees
Current staff
Staff numbers
34,000
NCR employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:39
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.