EverCommerce Inc.

EVCM · Technology · Software - Application · Valued as of 2026-11-05 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

-12.27M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

715.99M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

676.77M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

460.16M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

1.64B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.28×

the ratio the screener ranks by

Margin of Safety

-255.9%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: -12.27M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)189.72M USD
−②Net Debt Today387.83M USD
+③Growth Value185.84M USD
=Value-12.27M USD

EPV of the Operations (NOPAT over WACC)

189.72M USD

Net debt today

-387.83M USD

Growth Value

+185.84M USD

Value

-12.27M USD

①EPV (Earnings Power Value)

189.72M USD

②Net Debt Today

387.83M USD

③Growth Value

185.84M USD

Market value

Market Cap1.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety—

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 715.99M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.

The projection was not made (a profit at or below zero in the latest three years), so the value is the book value today, 715.99M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap1.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-128.7%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 676.77M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF788.33M USD
+②Invested Capital at Year 15, Today276.27M USD
−③Net Debt Today387.83M USD
=Value676.77M USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment rising to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

788.33M USD

②Invested Capital at Year 15, Today

276.27M USD

③Net Debt Today

387.83M USD

Market value

Market Cap1.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-142.0%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 8.37%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.75×Market Risk Premium 6.00%= 9.02%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 2.96M USDPretax Income 21.18M USD= 13.97%

The tax the interest saves.

Interest Expense =EBIT 59.39M USD−Pretax Income 21.18M USD= 38.21M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 38.21M USDTotal Debt 521.46M USD×(1 − Tax Rate for WACC 13.97%)= 6.30%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 521.46M USDMarket Cap + Total Debt 1.64B USD + 521.46M USD= 24.15%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 75.85%×Cost of Equity 9.02%+Debt Weight 24.15%×Cost of Debt 6.30%= 8.37%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 1.37B USD − Total Liabilities 649.81M USD = Book Value Today 715.99M USD

Total Debt 521.46M USD − Cash and Short-Term Investments 133.63M USD = Net Debt Today 387.83M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-5.5%at most 5%passes176,601,707 / 186,934,031
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets6.9%at least -10.0%passes(111.57M USD − 17.62M USD) ÷ 1.37B USD
Price to bookMarket Cap ÷ Book Value Today2.29×at most 3×passes1.64B USD ÷ 715.99M USD
Operating marginOperating Income ÷ Revenue10.1%above 10.0%passes59.39M USD ÷ 589.50M USD
Revenue growthRevenue ÷ Revenue a Year Before − 14.8%above 10.0%does not pass589.50M USD / 562.75M USD
Net cash(Cash − Total Debt) ÷ Market Cap-23.7%above -30%passes(133.63M USD − 521.46M USD) ÷ 1.64B USD
Operating efficiencyOperating Income ÷ Gross Profit13.0%above 25.0%does not pass59.39M USD ÷ 457.30M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

9.27 USD

Enterprise value

2.04B USD

the provider's own figure

EV / EBITDA

16.51×

Price / book

2.29×

the provider's book

Price / earnings

61.73×

Return on equity

3.9%

the provider's figure, not this page's

Profit margin

5.7%

Revenue growth

2.7%

Analyst target, mean

11.01 USD

Analysts

6

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2022202320242025

Revenue

621.37M535.41M562.75M589.50M

Gross profit

403.77M407.87M437.84M457.30M

Operating income

-30.62M3.41M37.91M59.39M

EBITDA

operating income before depreciation and amortisation

80.29M107.71M126.82M127.88M

Pretax income

-64.56M-49.38M-9.37M21.18M

Net income

-59.88M-45.67M-41.13M17.62M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

-59.88M-45.75M-5.98M18.30M

R&D

71.69M72.22M76.26M79.10M
Balance sheet, year end (USD)2022202320242025

Total assets

1.59B1.52B1.42B1.37B

Total liabilities

685.72M692.72M671.11M655.58M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

907.60M826.86M751.58M717.59M

Total debt

536.98M532.73M528.47M523.91M

Cash and equivalents

92.72M92.70M135.92M129.86M

Net PP&E

fixed assets after depreciation

11.94M9.74M6.14M5.75M

Working capital

current assets less current liabilities

75.58M62.83M107.70M112.24M
Cash flow (USD)2022202320242025

Operating cash flow

64.87M104.71M113.28M111.57M

Capital expenditure

paid out, so below zero

-18.10M-23.10M-18.93M-31.88M

Depreciation and amortisation

110.91M104.31M88.91M68.49M

Free cash flow

operating cash flow plus capital expenditure

46.77M81.61M94.35M79.68M