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EverCommerce Inc
NASDAQ:EVCM

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EverCommerce Inc
NASDAQ:EVCM
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Price: 9.31 USD 1.2% Market Closed
Updated: Mar 28, 2024

Intrinsic Value

EverCommerce, Inc. provides integrated, vertically-tailored software-as-a-service solutions for service-based small- and medium-sized businesses. [ Read More ]

The intrinsic value of one EVCM stock under the Base Case scenario is 10.3 USD. Compared to the current market price of 9.31 USD, EverCommerce Inc is Undervalued by 10%.

Key Points:
EVCM Intrinsic Value
Base Case
10.3 USD
Undervaluation 10%
Intrinsic Value
Price
E
Worst Case
Base Case
Best Case

Valuation Backtest
EverCommerce Inc

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Fundamental Analysis

EverCommerce Exits Fitness Vertical; Focuses on Payment Growth and Operational Optimization
2023-Q4 Earnings Call

EverCommerce Exits Fitness Vertical; Focuses on Payment Growth and Operational Optimization

In 2023, EverCommerce saw a full year revenue growth of 9% with an adjusted EBITDA margin expansion of 380 basis points to 23%. The fourth quarter highlighted an exceeding guidance with a 22% year-over-year adjusted EBITDA growth. However, macroeconomic conditions led to a nearly 10% year-over-year decline in Marketing Technology revenue. With the commitment to streamlining the business, EverCommerce will exit the barely profitable fitness vertical, which contributed less than 4% to total revenue, to focus on more lucrative opportunities. The strategic shift includes a doubling down on payment solutions, which grew by 20% in the fourth quarter and has been identified as a key growth driver with net revenue retention at 100% for core software payment solutions. These moves, along with ongoing optimization initiatives expected to last 18 to 24 months, aim to position EverCommerce for heightened growth and sustained margin expansion.

Financials

Balance Sheet Decomposition
EverCommerce Inc

Current Assets 180.1m
Cash & Short-Term Investments 92.6m
Receivables 61.5m
Other Current Assets 26m
Non-Current Assets 1.3B
PP&E 25.6m
Intangibles 1.3B
Other Non-Current Assets 26.9m
Current Liabilities 117.4m
Accounts Payable 8.6m
Accrued Liabilities 66.3m
Other Current Liabilities 42.5m
Non-Current Liabilities 574.7m
Long-Term Debt 526.7m
Other Non-Current Liabilities 48m
Efficiency

Earnings Waterfall
EverCommerce Inc

Revenue
675.4m USD
Cost of Revenue
-231m USD
Gross Profit
444.4m USD
Operating Expenses
-435.6m USD
Operating Income
8.8m USD
Other Expenses
-54.4m USD
Net Income
-45.6m USD

Free Cash Flow Analysis
EverCommerce Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
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Fundamental Scores

EVCM Profitability Score
Profitability Due Diligence

EverCommerce Inc's profitability score is 43/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Years Revenue Growth
Positive Free Cash Flow
Positive 1-Year Revenue Growth
43/100
Profitability
Score

EverCommerce Inc's profitability score is 43/100. The higher the profitability score, the more profitable the company is.

EVCM Solvency Score
Solvency Due Diligence

EverCommerce Inc's solvency score is 49/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Short-Term Solvency
Low Altman Z-Score
49/100
Solvency
Score

EverCommerce Inc's solvency score is 49/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

EVCM Price Targets Summary
EverCommerce Inc

Wall Street analysts forecast EVCM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for EVCM is 11.22 USD with a low forecast of 8.08 USD and a high forecast of 12.6 USD.

Lowest
Price Target
8.08 USD
13% Downside
Average
Price Target
11.22 USD
21% Upside
Highest
Price Target
12.6 USD
35% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

EVCM Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

EVCM Price
EverCommerce Inc

1M 1M
-5%
6M 6M
-7%
1Y 1Y
-6%
3Y 3Y
-47%
5Y 5Y
-47%
10Y 10Y
-47%
Annual Price Range
9.31
52w Low
7.88
52w High
13.01
Price Metrics
Average Annual Return -31.81%
Standard Deviation of Annual Returns 27.7%
Max Drawdown -74%
Shares Statistics
Market Capitalization 1.7B USD
Shares Outstanding 186 532 992
Percentage of Shares Shorted 3.28%

EVCM Return Decomposition
Main factors of price return

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Company Profile

EverCommerce Inc

Country

United States of America

Industry

Technology

Market Cap

1.7B USD

Dividend Yield

0%

Description

EverCommerce, Inc. provides integrated, vertically-tailored software-as-a-service solutions for service-based small- and medium-sized businesses. The company is headquartered in Denver, Colorado. The company went IPO on 2021-07-01. The firm's platform spans across the full lifecycle of interactions between consumers and service professionals with vertical-specific applications. The company serves customers across three core verticals: EverPro, EverHealth and EverWell. EverPro solutions are designed to serve the specific needs of the professionals across residential home improvement and remodeling, and field services. EverHealth solutions are built for health service professionals. The firm offers different types of solutions for micro-verticals, including small group and specialty practices, behavioral health professionals, specialty branches of hospital systems and ambulatory services. EverWell solutions are built for fitness and wellness service professionals, which include gyms, studios, health clubs, specialized instructors and personal trainers.

Contact

COLORADO
Denver
3601 Walnut Street, Suite 400
+17206474948.0
https://www.evercommerce.com/

IPO

2021-07-01

Employees

1 750

Officers

Founder, Chairman & CEO
Mr. Eric Remer
President
Mr. Matthew Feierstein
Chief Financial Officer
Mr. Marc Thompson
Executive VP & Chief Operating Officer
Mr. Evan Berlin
Chief Accounting Officer
Mr. Ryan H. Siurek
Senior VP & Head of Investor Relations
Mr. Bradley W. Korch
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Chief Legal Officer
Ms. Lisa Storey
Chief Marketing Officer
Ms. Sarah Jordan
Chief Human Resources Officer
Mr. Shane Driggers
President of Security & Alarm Monitoring Division
Alison Forsythe
Show Less

See Also

Discover More
What is the Intrinsic Value of one EVCM stock?

The intrinsic value of one EVCM stock under the Base Case scenario is 10.3 USD.

Is EVCM stock undervalued or overvalued?

Compared to the current market price of 9.31 USD, EverCommerce Inc is Undervalued by 10%.