Nexi S.p.A. (NEXI.MI) stock analysis

In our weekly check, Nexi S.p.A. is graded D (A to F). Of 23 checks on debt, profit, cash flow and trend: 10 pass, warnings: 5, red flags: 8.

About Nexi S.p.A.

Nexi S.p.A. is a Technology company (Software - Infrastructure) based in Italy, listed on MIL as NEXI.MI.

What our checks show for NEXI.MI

Red flags

• The company has net debt but no positive operating earnings (EBITDA) to service it from (debt/equity 0.87).
• The net margin fell by 55.1 points over 5 years, to -53.8%: the company keeps less of each sale as profit.
• Analysts expect revenue to shrink about 15.1% a year.
• Weak EPS growth
• The company is losing money: the net margin is -53.8%.
• Nexi S.p.A. pays a dividend while losing money: it is funded from reserves or debt.
• The stock has fallen as much as 86% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 4.4%.

Warning signs

• Operating profit covers interest only 3.6 times: a weak year could make the payments hard.
• Analysts expect earnings per share to shrink about 36.9% a year.
• Revenue grew only 4.9% a year over the last 3 years.
• The price swings a lot: 39.1% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.

Strengths

• The gross margin is 57.7% and has risen by 16.2 points: pricing power is holding.
• Operating cash flow is 0.36x net profit: the profit arrives as real cash.
• Analysts expect the net margin to improve by 75.5 points from today's -53.8%.
• Free cash flow is 12.8% of revenue: cash for dividends, buybacks or growth.
• The share count fell by 6.2% in 2 years: the company buys back its own shares.
• Actively traded: about 6.5 million shares a day.

Next earnings report: 2026-11-05

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Questions

What grade does Nexi S.p.A. (NEXI.MI) have?

In our weekly check, Nexi S.p.A. is graded D (A to F). Of 23 checks on debt, profit, cash flow and trend: 10 pass, warnings: 5, red flags: 8. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of NEXI.MI stock?

This week's biggest flags for Nexi S.p.A.: High debt, Margins falling, Weak revenue forecast. In total 13 of 23 checks show a warning or a red flag.

What does Nexi S.p.A. do?

Nexi S.p.A. is a Technology company (Software - Infrastructure) based in Italy, listed on MIL as NEXI.MI.

When does Nexi S.p.A. report earnings next?

The next earnings report is expected on 2026-11-05. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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