EVERTEC, Inc. (EVTC)

Industry: Software - Infrastructure Model: Peers Multiples Valuation

Valuation Snapshot

Ticker	Rank	Name	Rev TTM (M)	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
NVEI	70	Nuvei Corporation	985	198.66	198.66	18.24	18.24	31.45	6.43
300383.SZ	71	Beijing Sinnet Tec	984	165.55	232.47	32.86	36.13	81.88	125.08
TENB	72	Tenable Holdings,	975	-	-	45.34	45.34	119.21	-
NEWR	73	New Relic, Inc.	968	-	-	-	-	-	-
S	74	SentinelOne, Inc.	956	-	-	-	-	-	-
9923.HK	75	Yeahka Limited	939	45.73	45.73	49.82	49.82	21.50	24.64
PRTH	76	Priority Technolog	933	10.11	8.23	7.64	7.36	9.86	6.76
EVTC	77	EVERTEC, Inc.	903	14.81	13.65	8.13	7.39	18.42	13.59
VRNT	78	Verint Systems Inc	894	20.89	16.53	11.86	12.58	115.88	21.69
035600.KQ	79	Kginicis Co.,Ltd	886	5.53	5.51	3.59	3.35	6.42	8.57
600602.SS	80	INESA Intelligent	881	147.75	151.13	146.23	144.65	379.06	150.42
DOCN	81	DigitalOcean Holdi	864	12.40	12.40	9.43	9.43	17.90	21.34
RPD	82	Rapid7, Inc.	859	64.89	64.89	24.85	24.85	85.95	158.26
6682.HK	83	Beijing Fourth Par	854	-	-	-	-	-	-
PAYTM.BO	84	One97 Communicatio	854	-	-	207.21	207.21	3,810.14	69.01
6608.HK	85	Bairong Inc.	849	6.53	6.53	6.40	6.40	3.91	5.03

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	20.89	16.53	15.05	15.41	26.48	21.34
Full Range Median Multiple	33.31	31.13	21.55	21.55	56.66	21.69
Industry Multiple	67.80	74.21	46.96	47.12	390.26	54.29
Market Implied Multiple	12.96	11.95	7.34	6.68	16.63	12.27
Company (EVTC) Multiple	14.81	13.65	8.13	7.39	18.42	13.59
(*) Net Income / EBITDA / Revenue	146	159	342	376	151	205
Winsorized Enterprise Value	N/A	N/A	5,147	5,794	3,996	4,367
Full Range Median Enterprise Value	N/A	N/A	7,368	8,101	8,552	4,437
(-) Net Debt	617	617	617	617	617	617
Winsorized Equity Value	3,052	2,620	4,531	5,178	3,379	3,750
Full Range Median Equity Value	4,866	4,934	6,752	7,484	7,935	3,821
(/) Shares Outstanding	64	64	64	64	64	64
Winsorized Fair Value	$47.67	$40.91	$70.76	$80.86	$52.78	$58.57
Full Range Median Fair Value	$76.00	$77.06	$105.45	$116.89	$123.93	$59.67
Current Price	$29.58	$29.58	$29.58	$29.58	$29.58	$29.58
Upside / Downside	61.14%	38.31%	139.20%	173.38%	78.42%	97.99%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$33.37	$28.64	$49.53	$56.61	$36.94	$41.00
Buy / Don't Buy	BUY	Don’t Buy	BUY	BUY	BUY	BUY