I3 Verticals, Inc.

Consumer Discretionary
Business Services
www.i3verticals.com

Earnings Score
Moat Score
Safety Score

Market Cap $588.62M
PE -526
Debt $400.34M
Cash $13.70M
EV $975.27M
FCF $34.62M

Earnings

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Sales & Net Margins

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Earnings	-$1.12M
EBIT	$12.10M
ROE	-0%
ROA	1%
FCF	$34.62M
Equity	$345.92M
Growth Stability	1
PE	-525.56
PB	1.7
P/FCF	17
P/S	2.22
Price/Cash	0.02
Debt/Equity	1.16
Debt/FCF	11.56
Net Margins	-3%
Op. Margins	5%
Earnings CAGR	-0%
Sales Growth YoY	-119%
Sales Growth QoQ	-118%
Sales CAGR	6%
FCF CAGR	19%
Equity CAGR	42%
Earnings Stability	-0.18
Earnings Growth YoY	28%
Earnings Growth QoQ	-502%

Sales CAGR 5Y	10%
FCF CAGR 5Y	8%
Equity CAGR 5Y	19%
Earnings CAGR 3Y	13%
Sales CAGR 3Y	13%
FCF CAGR 3Y	-20%
Equity CAGR 3Y	8%
Market Cap	$588.62M
Revenue	$265.47M
Assets	$861.72M
Total Debt	$400.34M
Cash	$13.70M
Shares Outstanding	23.34M
EV	975.27M
Earnings Score	6%
Moat Score	17%
Safety Score	74%
Final Score	32%
Working Capital	204.75M
Current Ratio	2.98
Shares Growth 3y	3%
Equity Growth QoQ	-0%
Equity Growth YoY	11%

Assets & ROA

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Stockholders Equity & ROE

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i3 Verticals Inc offers integrated payment and software solutions to small and medium-sized businesses and organizations in strategic vertical markets. Its operating segment includes Merchant Services and Proprietary Software and Payments. The company generates maximum revenue from the Proprietary Software and Payments. The company's strategic vertical market includes schools, the public sector, not-for-profit organizations, and healthcare. It provides various solutions such as event management, gateway, payment processing, online payment, gift and loyalty programs, among others.

SEC Filings

Direct access to I3 Verticals, Inc. (IIIV) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does I3 Verticals, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of I3 Verticals, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -0%

Stability -18%

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I3 Verticals, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for I3 Verticals, Inc..

Years

Calculation mode

= $1.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$35M	$41M	$49M	$59M	$70M	$83M	$99M	$118M	$140M	$167M	$199M	$2B
DCF		$37M	$41M	$44M	$48M	$52M	$56M	$60M	$65M	$71M	$77M	$768M
Value	$1.3B

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	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	TTM
Net Margins	-1%	0%	-2%	-1%	-1%	-3%	-7%	-1%	-3%
ROA	-	5%	7%	2%	2%	-0%	-0%	3%	1%
ROE	-	2%	-6%	-2%	-0%	-3%	-8%	-1%	-0%

Bad Net Margins (-2.7%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher 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	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	TTM
Debt over FCF	-	14.93	2.63	5.4	4.36	4.47	6.59	12.71	11.56
Debt over Equity	-	3.18	0.37	0.98	0.38	0.69	0.93	1.17	1.16
Growth Stability	-	-	-	-	-	-	-	-	1

Bad Debt/FCF ratio (11.56)

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

Neutral Debt/Equity ratio (1.16)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good 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	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	CAGR 5Y
Revenue YoY growth	-	32%	23%	16%	-60%	49%	42%	16%	10%
Earnings YoY growth	-	-143%	-865%	-56%	-68%	701%	196%	-89%	-
Equity YoY growth	-	-480%	210%	27%	69%	21%	6%	7%	19%
FCF YoY growth	-	-16%	106%	63%	-19%	115%	-3%	-30%	8%