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NCR Atleos Corporation (NATL): A Bull Case Theory

We came across a bullish thesis on NCR Atleos Corporation on Value Don't Lie’s Substack. In this article, we will summarize the bulls’ thesis on NATL. NCR Atleos Corporation's share was trading at $38.00 as of August 20th. NATL’s trailing and forward P/E were 22.09 and 9.50 respectively according to Yahoo Finance.

NCR Atleos Corp (NATL), the ATM-focused spin-off from October 2023, presents a compelling investment case, trading at 6.3x FY25E EBITDA and 10x earnings with 3x leverage. Historically hardware-centric, NATL has transformed its revenue mix toward recurring streams,...