EverCommerce Inc. logo EVCM - EverCommerce Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 4
SELL 3
STRONG
SELL
0
| PRICE TARGET: $13.50 DETAILS
HIGH: $14.00
LOW: $13.00
MEDIAN: $13.50
CONSENSUS: $13.50
UPSIDE: 13.83%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Moderate
Trading 20.2% above fair value
Current Price $11.86
Bear Case $6.58 44.6% downside ($6.58 - $11.86) / $11.86 = -44.6% 6% stage 1 growth, 11% discount
Fair Value $9.87 16.8% downside ($9.87 - $11.86) / $11.86 = -16.8% 10% stage 1 growth, 11% discount
Bull Case $13.14 10.8% upside ($13.14 - $11.86) / $11.86 = 10.8% 13% stage 1 growth, 11% discount

Adjust Assumptions

10.3%
11.0%
3.0%

Key Value Driver

FCF growth rate (10% base case)

Terminal Value % of EV 39%
Implied Market Multiple 28.5x
Market is pricing in (growth) 13.7% vs our 10.3% base

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $13.50 from 15 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $9.87 per share.

Warnings

Stock-based employee pay equals 162% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $13.50 (from 15 analysts). Our estimate is 36% below 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