Added to YB: 2026-08-05
Pitch date: 2026-05-29
NEXI.MI [bullish]
Nexi S.p.A.
+24.25%
current return
Author Info
No bio for this author
Company Info
Nexi S.p.A. provides electronic money and payment services to banks, small and medium-sized enterprises, large international corporations, institutions, and public administrations in Italy, Nordics and Baltics, Germany, Austria, Switzerland, Poland, Southeast Europe, and internationally.
Market Cap
EUR 5.1B
Pitch Price
EUR 3.51
Price Target
12.00 (+178%)
Dividend
6.96%
EV/EBITDA
6.69
P/E
N/A
EV/Sales
1.44
Sector
Financial Services
Category
value
Nexi S.p.A. - $NEXI.MI
NEXI.MI: Largest EU merchant acquirer, dominant Italian processor. €3.6bn rev, 53% EBITDA margin, €806m cash gen. Trades 6x 2026 P/E, 5x TEV/EBITDA, 9% div yield, 17% FCF yield. Italian bank churn masks 5-6% underlying growth reasserting 2028. New CEO capital return €1.1bn+. CVC/TPG M&A interest validates private value €8.50-12/sh (150-250% upside). Base case 25%+ IRR. Risks: Adyen/Stripe/SumUp competition, A2A disintermediation, value trap, leverage 2.6x.
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