EverCommerce Inc. (EVCM) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-41.2%

$5.07

vs $8.62 price

Levered DCF

$4.83

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.48

Distress zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	124.85×	-50.05×	-45.96×	-24×	-37.5×	-56.77×	-36.67×
P/B	3.06×	2.71×	2.52×	1.6×	3.12×	6.62×	8.28×
P/S	3.73×	2.91×	3.09×	2.33×	6.28×	10.19×	14.2×
EV / EBITDA	20.4×	27.26×	23.67×	23.59×	77.52×	73.72×	-227.18×
Gross margin	77.6%	67.3%	65.8%	65.0%	66.9%	65.9%	69.8%
Operating margin	10.1%	0.0%	0.4%	-4.9%	-5.5%	-6.5%	-22.4%
Net margin	3.0%	-5.9%	-6.8%	-9.6%	-16.7%	-17.8%	-38.7%
Current ratio	2.11×	1.97×	1.53×	1.72×	1.66×	1.66×	1.94×
Debt / equity	0.75×	0.7×	0.64×	0.59×	0.55×	1.35×	1.06×
Interest coverage	1.56×	0.01×	0.05×	-0.9×	-0.75×	-0.53×	-1.36×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.5%	-5.5%	-5.5%	-6.6%	-8.3%	-11.5%	-22.6%
Return on invested capital	4.0%	0.0%	0.2%	-1.9%	-1.5%	-1.7%	-5.3%
Return on assets	1.3%	-2.9%	-3.0%	-3.8%	-4.9%	-4.5%	-10.2%
Free cash flow yield	5.0%	4.6%	3.9%	3.2%	0.7%	1.3%	-0.4%
Earnings yield	0.8%	-2.0%	-2.2%	-4.1%	-2.7%	-1.7%	-2.7%
Enterprise value	$2.6B	$2.4B	$2.5B	$1.9B	$3.5B	$4B	$3.8B
Net debt / EBITDA	3.19×	4.4×	4.12×	5.53×	9.93×	10.99×	-22.82×
Cash conversion cycle (days)	16	15	20	22	15	2	17