RT @valuedontlie: $NATL 1) NCR spun off Atleos (NATL) in 2023 2) Laid out 2027 targets for 6% rev growth, 15% EBITDA growth, $500m FCF during inaugural investor day 3) Most/all sales & earnings growth coming from new-ish ATMaaS (ATM as a service) offering where bank customers fully outsource ATM hardware, software, ops, etc. 4) ATMaaS is more profitable and >2.5x more revenue than traditional ATM contracts... i.e. 2027 targets don't require market share gains 5) NATL is 20 months in and making progress... 2025 guide = 3-6% sales growth, 7-10% EBITDA growth, 21-27% EPS growth and FCF on cusp of major inflection 6) ATMaaS gaining momentum... sales growing 20-30% YoY and hit $250m ARR as of 2Q25 7) Balance sheet is getting better and crossing under 3x leverage in 3Q25 = early in capita
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