(PAR) PAR Technology - NYSE
Sector: Technology | Industry: Software - Application | Exchange: NYSE (USA) | Market Cap: 555m USD | Total Return: -80.3% in 12m
Avg Turnover: 20.2M
Qual. Beats: 0
Rev. Trend: 85.2%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -25.8 is critical
Altman Z'' 0.93 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Confidence
PAR Technology Corporation (NYSE: PAR) provides cloud-based software, hardware, and integrated services for the global hospitality and retail sectors. Its business model centers on two primary segments: the Engagement Cloud, which manages customer loyalty and digital ordering, and the Operator Cloud, which handles point-of-sale (POS) systems, back-office operations, and payment processing.
The company serves a diverse client base ranging from enterprise restaurant chains and franchisees to entertainment venues like cinemas and cruise lines. In the restaurant technology sector, companies increasingly transition from legacy hardware to unified SaaS platforms to centralize data across multiple sales channels. PAR supports this shift by offering proprietary hardware, such as kitchen display systems and kiosks, alongside its software-as-a-service (SaaS) ecosystem.
For a deeper dive into these fundamentals, consider evaluating the companys valuation metrics on ValueRay. Founded in 1968, the company has evolved from a hardware provider into a comprehensive technology partner for high-volume retail environments.
- Transition to high-margin subscription revenue drives software-as-a-service valuation multiples
- Expansion of enterprise customer base increases recurring annual contract values
- Strategic acquisitions in digital ordering and loyalty platforms accelerate market share
- Hardware supply chain disruptions and component costs impact legacy equipment margins
- Integration of unified payment processing services expands total addressable market capture
| Net Income: -76.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.32 > 1.0 |
| NWC/Revenue: 26.46% < 20% (prev 29.29%; Δ -2.83% < -1%) |
| CFO/TA -0.02 > 3% & CFO -26.6m > Net Income -76.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (41.0m) vs 12m ago 2.05% < -2% |
| Gross Margin: 39.39% > 18% (prev 43.88%; Δ -4.50% > 0.5%) |
| Asset Turnover: 34.31% > 50% (prev 27.78%; Δ 6.53% > 0%) |
| Interest Coverage Ratio: -25.84 > 6 (EBIT TTM -64.3m / Interest Expense TTM 2.49m) |
| A: 0.09 (Total Current Assets 240.0m - Total Current Liabilities 114.1m) / Total Assets 1.39b |
| B: -0.27 (Retained Earnings -380.6m / Total Assets 1.39b) |
| C: -0.05 (EBIT TTM -64.3m / Avg Total Assets 1.39b) |
| D: 1.46 (Book Value of Equity 826.4m / Total Liabilities 564.7m) |
| Altman-Z'' = 0.93 = BB |
| DSRI: 1.01 (Receivables 87.9m/70.0m, Revenue 475.7m/383.8m) |
| GMI: 1.11 (GM 43.88% / 39.39%) |
| AQI: 0.98 (AQ_t 0.81 / AQ_t-1 0.83) |
| SGI: 1.24 (Revenue 475.7m / 383.8m) |
| TATA: -0.04 (NI -76.3m - CFO -26.6m) / TA 1.39b) |
| Beneish M = -2.75 (Cap -4..+1) = A |
As of June 10, 2026, the stock is trading at USD 13.28 with a total of 1,380,304 shares traded.
Over the past week, the price has changed by -18.33%,
over one month by -7.78%,
over three months by -27.35% and
over the past year by -80.34%.
PAR Technology has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy PAR.
- StrongBuy: 7
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 28 | 110.8% |
P/E Forward = 9.2678
P/S = 1.1672
P/B = 0.6718
P/EG = 0.7726
Revenue TTM = 475.7m USD
EBIT TTM = -64.3m USD
EBITDA TTM = -15.2m USD
Long Term Debt = 421.7m USD (from longTermDebt, last quarter)
Short Term Debt = 4.77m USD (from shortTermDebt, last quarter)
Debt = 443.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 9.27m
Net Debt = 365.3m USD (calculated: Debt 443.1m - CCE 77.8m)
Enterprise Value = 920.5m USD (555.2m + Debt 443.1m - CCE 77.8m)
Interest Coverage Ratio = -25.84 (Ebit TTM -64.3m / Interest Expense TTM 2.49m)
EV/FCF = -32.05x (Enterprise Value 920.5m / FCF TTM -28.7m)
FCF Yield = -3.12% (FCF TTM -28.7m / Enterprise Value 920.5m)
FCF Margin = -6.04% (FCF TTM -28.7m / Revenue TTM 475.7m)
Net Margin = -16.04% (Net Income TTM -76.3m / Revenue TTM 475.7m)
Gross Margin = 39.39% ((Revenue TTM 475.7m - Cost of Revenue TTM 288.3m) / Revenue TTM)
Gross Margin QoQ = 41.19% (prev 30.03%)
Tobins Q-Ratio = 0.66 (Enterprise Value 920.5m / Total Assets 1.39b)
Interest Expense / Debt = 0.56% (Interest Expense 2.49m / Debt 443.1m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -50.8m (EBIT -64.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.10 (Total Current Assets 240.0m / Total Current Liabilities 114.1m)
Debt / Equity = 0.54 (Debt 443.1m / totalStockholderEquity, last quarter 826.4m)
Debt / EBITDA = -24.08 (negative EBITDA) (Net Debt 365.3m / EBITDA -15.2m)
Debt / FCF = -12.72 (negative FCF - burning cash) (Net Debt 365.3m / FCF TTM -28.7m)
Total Stockholder Equity = 837.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.50% (Net Income -76.3m / Total Assets 1.39b)
RoE = -9.11% (Net Income TTM -76.3m / Total Stockholder Equity 837.2m)
RoCE = -5.11% (EBIT -64.3m / Capital Employed (Equity 837.2m + L.T.Debt 421.7m))
RoIC = -4.04% (negative operating profit) (NOPAT -50.8m / Invested Capital 1.26b)
WACC = 6.46% (E(555.2m)/V(998.3m) * Re(11.26%) + D(443.1m)/V(998.3m) * Rd(0.56%) * (1-Tc(0.21)))
Discount Rate = 11.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 18.53%
[DCF] Fair Price = unknown (Cash Flow -28.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.22 | # QB: 0
Revenue Correlation: 85.24 | Revenue CAGR: 13.98% | SUE: 0.41 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.12 | Chg30d=+20.41% | Revisions=+43% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.16 | Chg30d=+2.00% | Revisions=+14% | Analysts=7
EPS current Year (2026-12-31): EPS=0.59 | Chg30d=+16.16% | Revisions=+43% | GrowthEPS=+295.0% | GrowthRev=+11.8%
EPS next Year (2027-12-31): EPS=1.13 | Chg30d=+1.03% | Revisions=-14% | GrowthEPS=+91.4% | GrowthRev=+11.0%
[Analyst] Revisions Ratio: +43%