EverCommerce Inc
NASDAQ:EVCM
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%.
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
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Ownership
EVCM Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
EVCM Price
EverCommerce Inc
Average Annual Return | -31.81% |
Standard Deviation of Annual Returns | 27.7% |
Max Drawdown | -74% |
Market Capitalization | 1.7B USD |
Shares Outstanding | 186 532 992 |
Percentage of Shares Shorted | 3.28% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.