I3 Verticals Inc
NASDAQ:IIIV

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I3 Verticals Inc
NASDAQ:IIIV
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Price: 21.28 USD -4.62% Market Closed
Market Cap: $648.6m

EV/EBITDA

18.6
Current
8%
Cheaper
vs 3-y average of 20.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
18.6
=
Enterprise Value
$637.8m
/
EBITDA
$31.4m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
18.6
=
Enterprise Value
$637.8m
/
EBITDA
$31.4m

Valuation Scenarios

I3 Verticals Inc is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (20.3), the stock would be worth $23.24 (9% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-23%
Maximum Upside
+48%
Average Upside
10%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 18.6 $21.28
0%
3-Year Average 20.3 $23.24
+9%
5-Year Average 27.5 $31.56
+48%
Industry Average 19.4 $22.18
+4%
Country Average 14.4 $16.45
-23%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$637.8m
/
Jan 2026
$31.4m
=
18.6
Current
$637.8m
/
Sep 2026
$64.4m
=
9.9
Forward
$637.8m
/
Sep 2027
$71.4m
=
8.9
Forward
$637.8m
/
Sep 2028
$78.1m
=
8.2
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
US
I3 Verticals Inc
NASDAQ:IIIV
659.5m USD 18.6 40.5
US
Visa Inc
NYSE:V
589.4B USD 20.4 28.6
US
Mastercard Inc
NYSE:MA
449.1B USD 22.2 30
US
Automatic Data Processing Inc
NASDAQ:ADP
80B USD 13.2 18.9
US
PayPal Holdings Inc
NASDAQ:PYPL
45.8B USD 6.2 8.8
NL
Adyen NV
AEX:ADYEN
29.3B EUR 15.1 27.6
US
Fiserv Inc
NASDAQ:FISV
32.9B USD 6.7 9.4
US
Paychex Inc
NASDAQ:PAYX
32.6B USD 12.1 19.9
ES
Amadeus IT Group SA
MAD:AMS
22B EUR 9.1 16.2
US
Fidelity National Information Services Inc
NYSE:FIS
23.5B USD 9.4 61.5
US
Fleetcor Technologies Inc
NYSE:CPAY
21.4B USD 11.5 20.2

Market Distribution

In line with most companies in the United States of America
Percentile
64rd
Based on 9 875 companies
64rd percentile
18.6
Low
0 — 10
Typical Range
10 — 21.5
High
21.5 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 10
Median 14.4
70th Percentile 21.5
Max 1 767 274.1

I3 Verticals Inc
Glance View

Market Cap
648.6m USD
Industry
Technology

i3 Verticals, Inc. is a holding company, which engages in the provision of integrated payment and software solutions to small-and medium-sized businesses and organizations in strategic vertical markets. The company is headquartered in Nashville, Tennessee and currently employs 1,438 full-time employees. The company went IPO on 2018-06-21. The firm's segments include Merchant Services and Proprietary Software and Payments. The Merchant Services segment provides payment solutions to businesses and organizations, which includes third-party integrated payment solutions as well as merchant of record payment services across its strategic vertical markets. The Proprietary Software and Payments segment delivers solutions to its clients, including embedded payments, through Company-owned software. The payments are delivered through both the payment facilitator model and the merchant of record processing model. Its primary strategic vertical markets include education, non-profit, public sector and healthcare. The Burton Platform is its technology suite. The company also provides payment processing solutions to many retail establishments.

IIIV Intrinsic Value
21.4 USD
Undervaluation 1%
Intrinsic Value
Price $21.28
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