EVER
EverQuote, Inc.
$26.11
Platform & Compounding FCF
75%
Two-stage FCF DCF
Strong
·
Conviction
Undervalued
Trading 58.6% below fair value
You pay
$26.11
Bear
$42.12
Fair
$63.03
Bull
$85.86
Bear
$42.12
+61.3%
9% stage 1 growth, 11% discount
Fair
$63.03
+141.4%
14% stage 1 growth, 11% discount
Bull
$85.86
+228.8%
18% stage 1 growth, 11% discount
Adjust Assumptions
14.2%
11.0%
3.0%
Key Value Driver
FCF growth rate (14% base case)
Terminal Value % of EV
42%
Implied Market Multiple
11.5x
Market is pricing in (growth)
1.4%
vs 14.2% base
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (13 analysts)
$28.00
Divergence from AlphaVal
125%
Summary
Using a two-stage FCF DCF with 14% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $63.03 per share.
Warnings
Wall Street's average price target is $28.00 (from 13 analysts). Our estimate is 125% above the consensus -- consider that gap carefully.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions