EVERTEC, Inc. (EVTC) 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

+215.0%

$104.46

vs $33.16 price

Levered DCF

$75.50

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.87

Grey zone

Rating

B+

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	FY2018
P/E	13.1×	19.73×	33.28×	9.3×	22.31×	27.12×	23.64×	24.12×
P/B	2.98×	4.7×	4.47×	4.72×	7.72×	8.38×	9.19×	9.85×
P/S	1.99×	2.63×	3.83×	3.6×	6.11×	5.54×	5.04×	4.59×
EV / EBITDA	7.77×	9.04×	15.85×	6.7×	13.67×	14.29×	13.57×	13.27×
Gross margin	49.7%	51.9%	51.5%	52.7%	57.6%	55.6%	56.2%	56.6%
Operating margin	20.0%	19.6%	19.6%	25.5%	33.3%	27.7%	29.6%	27.6%
Net margin	15.2%	13.3%	11.5%	38.6%	27.3%	20.5%	21.2%	19.0%
Current ratio	2.07×	1.89×	1.88×	1.87×	2.85×	2.35×	1.91×	1.58×
Debt / equity	1.82×	2.05×	1.66×	0.95×	1.04×	1.55×	2.08×	2.55×
Interest coverage	2.73×	2.22×	4.21×	6.35×	8.62×	5.64×	5.02×	4.16×
Dividend yield	0.7%	0.6%	0.5%	0.6%	0.4%	0.5%	0.6%	0.3%
Payout ratio	9.0%	11.4%	16.3%	5.8%	8.9%	13.8%	13.9%	8.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	22.8%	23.8%	13.4%	50.7%	34.6%	30.9%	38.7%	40.8%
Return on invested capital	8.7%	9.9%	7.1%	14.5%	17.1%	12.7%	14.5%	13.6%
Return on assets	6.3%	6.1%	3.9%	21.1%	14.1%	9.7%	10.2%	9.3%
Free cash flow yield	7.3%	7.7%	4.7%	6.2%	4.1%	5.3%	4.9%	6.3%
Earnings yield	7.6%	5.1%	3.0%	10.7%	4.5%	3.7%	4.2%	4.1%
Enterprise value	$2.7B	$2.9B	$3.3B	$2.5B	$3.8B	$3.1B	$2.9B	$2.6B
Net debt / EBITDA	2.39×	2.15×	3.27×	0.7×	0.79×	1.46×	2.08×	2.44×
Cash conversion cycle (days)	21	12	2	32	86	2	80	47