Evercommerce Inc.

EVCM

Services-Prepackaged Software

Mkt Cap

$1.877B

PE

-45.58

Debt

$541.8M

Cash

$89.98M

EV

$2.328B

FCF

$102.2M

Market Cap

$1.877B

P/E Ratio

-45.58

Debt

$541.8M

Cash

$89.98M

EV

$2.328B

FCF

$102.2M

Charts data: {"Earnings":[{"time":"2019-12-30","value":-383081000},{"time":"2020-12-30","value":-127765000},{"time":"2021-12-30","value":-97071000},{"time":"2022-12-30","value":-59816000},{"time":"2023-12-30","value":-45620000}],"Sales":[{"time":"2019-12-30","value":242142000},{"time":"2020-12-30","value":337525000},{"time":"2021-12-30","value":490139000},{"time":"2022-12-30","value":620746000},{"time":"2023-12-30","value":675369000}],"Net Margins":[{"time":"2019-12-30","value":-1.5820510279092432},{"time":"2020-12-30","value":-0.37853492333901195},{"time":"2021-12-30","value":-0.19804790069755723},{"time":"2022-12-30","value":-0.09636147474168179},{"time":"2023-12-30","value":-0.06754825880370582}],"Assets":[{"time":"2020-12-30","value":1327584000},{"time":"2021-12-30","value":1663373000},{"time":"2022-12-30","value":1591728000},{"time":"2023-12-30","value":1518064000}],"Stockholders Equity":[{"time":"2019-12-30","value":-274839000},{"time":"2020-12-30","value":-389154000},{"time":"2021-12-30","value":985648000},{"time":"2022-12-30","value":906693000},{"time":"2023-12-30","value":826036000}],"ROE":[{"time":"2019-12-30","value":1.3938378468849035},{"time":"2020-12-30","value":0.3283147545701702},{"time":"2021-12-30","value":-0.09848444880931123},{"time":"2022-12-30","value":-0.06597161332446594},{"time":"2023-12-30","value":-0.05522761719828192}],"ROA":[{"time":"2020-12-30","value":-0.01660083279099477},{"time":"2021-12-30","value":-0.01634750594124108},{"time":"2022-12-30","value":-0.019220620608546183},{"time":"2023-12-30","value":0.0015980880911476722}]}

EverCommerce Inc., together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company's solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer engagement applications, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation. It also provides EverPro suite of solutions in home services; EverHealth suite of solutions within health services; and EverWell suite of solutions in fitness and wellness services. In addition, the company offers professional services, such as implementation, configuration, installation, or training services. It serves home service professionals, including home improvement contractors and home maintenance technicians; physician practices and therapists in the health services industry; and personal trainers and salon owners in the fitness and wellness sectors. The company was formerly known as PaySimple Holdings, Inc. and changed its name to EverCommerce Inc. in December 2020. EverCommerce Inc. was incorporated in 2016 and is headquartered in Denver, Colorado.

Sector

10-Q
9/30/23
10-Q
6/30/23
10-Q
3/31/23
10-K
12/31/22
10-Q
9/30/22
10-Q
6/30/22
10-Q
3/31/22
10-K
12/31/21
10-Q
9/30/21
10-Q
6/30/21

DCF

Discounted Cash Flow Valuation of Evercommerce Inc.

Calculate

Growth Years

Growth

Start

End

Discount

Start

End

Multiple

g\r	+10%	+11%	+12%	+13%	+14%
0%	10	9	8	8	7
+1%	11	10	9	8	8
+2%	13	11	10	9	8
+3%	14	13	11	10	9
+4%	17	14	12	11	10

Years	0	1	2	3	4	5	6	7	8	9	10	TV
FCF	$102.2M	$132.9M	$169.1M	$210.4M	$256M	$304.4M	$353.4M	$400.5M	$442.8M	$477.3M	$501.1M	$5.011B
DCF		$115.6M	$127.9M	$138.4M	$146.4M	$151.3M	$152.8M	$150.6M	$144.8M	$135.7M	$123.9M	$1.239B
Value	$2.626B

Chart P/E ratio

In the chart Earnings are multiplied by this value.

Earnings Growth -

Earnings Stability -

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

The Net Margin is too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Data are missing

Years	12-2019	12-2020	12-2021	12-2022	12-2023	TTM
Net Margin	-160%	-38%	-20%	-9.6%	-6.8%	-6%
ROA	-	-1.7%	-1.6%	-1.9%	0.16%	0.21%
ROE	140%	33%	-9.8%	-6.6%	-5.5%	-5.1%

What is the average Net Margin?

The average Net Margin over the past 5 years is -6.75%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +0.16%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is -5.52%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is -.

Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

The company has high debt with respect to the cashflow it generates.

Data are missing

Years	12-2019	12-2020	12-2021	12-2022	12-2023	TTM
Debt FCF	-	13.83	16.44	8.82	5.35	5.30
Debt Equity	-	-1.88	0.57	0.61	0.66	0.68
MIN
Graham Stability	-	-	-	-	-	-

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 5.30.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -.

What is the Graham’s Stability?

Graham’s Stability measure stands at -.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Data are missing

Years	12-2020	12-2022	Trend
Revenue	26%	8.8%	-11%
Net Income	-	-	-
Stockholders Equity	-	-8.9%	-0.89%
FCF	24%	63%	49%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is -.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -11.03%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is -.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is -.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is -0.89%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is +49.17%.