Evercore Inc.

Finance
Investment Managers
www.evercore.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $11.28B
PE 35
Debt $37.93M
Cash $542.03M
EV $10.77B
FCF $699.14M

Earnings

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Sales & Net Margins

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Earnings	$320.59M
EBIT	$448.80M
ROE	18%
ROA	13%
FCF	$699.14M
Equity	$1.78B
Growth Stability	49%
PE	35.18
PEG	-47.37
PB	6.34
P/FCF	16.13
P/S	4.02
Price/Cash	0.05
Debt/Equity	0.02
Debt/FCF	0.05
Net Margins	12%
Op. Margins	16%
Earnings CAGR	23%
Sales Growth YoY	29%
Sales Growth QoQ	6%
Sales CAGR	10%
FCF CAGR	8%
Equity CAGR	13%
Earnings Stability	0.54
Earnings Growth YoY	50%
Earnings Growth QoQ	6%
Earnings CAGR 5Y	-1%

Sales CAGR 5Y	5%
FCF CAGR 5Y	-6%
Equity CAGR 5Y	10%
Earnings CAGR 3Y	-10%
Sales CAGR 3Y	-10%
FCF CAGR 3Y	-26%
Equity CAGR 3Y	4%
Market Cap	$11.28B
Revenue	$2.81B
Dividend Yield	1%
Payout Ratio	42%
Assets	$3.57B
Total Debt	$37.93M
Cash	$542.03M
Shares Outstanding	38.29M
EV	10.77B
Earnings Score	82%
Moat Score	93%
Safety Score	74%
Final Score	83%
Working Capital	1.65B
Current Ratio	2.98
Shares Growth 3y	-2%
Equity Growth QoQ	3%
Equity Growth YoY	8%

Assets & ROA

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Stockholders Equity & ROE

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Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities and investment management businesses that account for around 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore had approximately 1,950 employees at the end of 2021, and about 75% of its revenue is derived from the United States.

SEC Filings

Direct access to Evercore Inc. (EVR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Evercore Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Evercore Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 23%

Stability 54%

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Evercore Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Evercore Inc..

Years

Calculation mode

= $12B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$699M	$754M	$814M	$878M	$947M	$1B	$1.1B	$1.2B	$1.3B	$1.4B	$1.5B	$15B
DCF		$686M	$673M	$660M	$647M	$635M	$623M	$611M	$599M	$587M	$576M	$5.8B
Value	$12B

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	9%	3%	7%	7%	18%	15%	15%	22%	17%	10%	12%
ROA	-	10%	17%	28%	26%	18%	16%	29%	20%	10%	13%
ROE	-	6%	14%	16%	37%	26%	24%	45%	28%	14%	18%

Good Net Margins (11.79%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	0	0.04	0	-	0	0.05
Debt over Equity	-	-	-	-	-	0	0.03	0	-	0	0.02
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	49%	49%

Good Debt/FCF ratio (0.05)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.02)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (49%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	33%	17%	18%	21%	-3%	13%	45%	-16%	-12%	5%
Earnings YoY growth	-	-51%	151%	17%	201%	-21%	18%	111%	-36%	-46%	-1%
Equity YoY growth	-	-1%	11%	2%	27%	12%	32%	10%	6%	3%	10%
FCF YoY growth	-	68%	17%	22%	68%	-47%	113%	47%	-63%	-14%	-6%