Evertec Inc EVTC

FinancialsProfessional & Commercial ServicesPuerto Rico

Last close 31.54 USD on Nov 1, 2026, +9.0% year to date

Quant rating

Quant rating A Rank 13 of 304 in Financials

Growth A 32 of 304
Valuation C 142 of 304
Quality A 10 of 304
Revisions B 95 of 304
Momentum C 126 of 304

Wall Street consensus Buy (2.33)Average target 35.20 USD +11.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.9B
Enterprise value: 3.0B
52-week range: 21.85 – 34.33
3-year range: 21.85 – 42.21
Dividend yield: 0.63%
Beta (5 years): 0.74
Shares outstanding: 59.8M
Next earnings: Nov 3, 2026

About the company

EVERTEC, Inc. is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually. It offers a range of services for core bank processing, cash processing and technology outsourcing. It owns and operates the ATH network, which is a personal identification number (PIN) debit network in Latin America. It serves a range of financial institutions, merchants, corporations and government agencies with solutions that enable them to issue, process and accept transactions securely. The Company's range of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	932	845	695	618	590	–
Revenue growth	10.2%	21.7%	12.3%	4.9%	15.5%	12.8%
EPS (basic, normalized)	3.62	3.28	2.82	2.42	2.74	–
EPS growth	10.4%	16.3%	16.5%	−11.7%	–	–
Gross margin	49.7%	51.9%	51.5%	53.3%	57.6%	52.8%
Net margin	15.2%	13.3%	11.5%	38.6%	27.3%	21.2%
ROE	25.9%	21.1%	15.0%	51.0%	40.1%	30.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	261
Current ratio	1.70x
Long-term debt (mil)	1,222
Net debt (mil)	1,104
Total equity (mil)	641
Net debt / equity	1.72x
Net debt / EBITDA	2.96x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	932	+10.2%	3.2x	373	+11.0%	8.0x	3.62	+10.4%	8.7x
2026	1,090	+16.9%	2.7x	429	+15.0%	7.0x	4.00	+10.4%	7.9x
2027	1,179	+8.2%	2.5x	468	+9.1%	6.4x	4.38	+9.5%	7.2x
2028	1,263	+7.1%	2.4x	507	+8.2%	5.9x	4.87	+11.2%	6.5x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,090	0.0%	+1.1%	+5.8%	4.00	0.0%	+2.1%	+2.1%
2027	1,179	−0.1%	+0.9%	+7.2%	4.38	0.0%	+0.8%	+3.0%
2028	1,263	−0.1%	+0.7%	+5.7%	4.87	0.0%	+0.7%	+2.3%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	205	212	212	216	229	230	229	245	242	266
Sales mean (mil)	202	211	212	215	218	222	225	237	249	262
Surprise	+1.5%	+0.4%	+0.1%	+0.5%	+5.0%	+3.3%	+1.7%	+3.4%	−2.8%	+1.3%
EPS reported	0.72	0.83	0.86	0.87	0.87	0.89	0.92	0.93	0.90	1.05
EPS mean	0.68	0.69	0.73	0.72	0.79	0.86	0.89	0.89	0.92	0.95
Surprise	+5.5%	+19.5%	+17.8%	+21.5%	+9.5%	+4.0%	+3.6%	+4.2%	−2.4%	+10.4%

Peer comparison Professional & Commercial Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
EVTC Evertec Inc	1.9B	2.96x	15.2%	2.94x	7.9x	7.2x	7.0x	6.4x
V Visa Inc.	768.7B	0.26x	49.6%	20.24x	27.5x	24.1x	21.6x	19.4x
PYPL PayPal Holdings, Inc.	47.4B	0.44x	15.8%	2.45x	10.2x	9.7x	6.9x	7.4x
XYZ Block, Inc.	45.8B	−0.17x	5.4%	2.08x	18.9x	14.6x	9.7x	7.9x
CPAY Corpay, Inc.	26.3B	3.05x	23.6%	7.43x	14.6x	12.9x	11.8x	10.8x
FISV Fiserv Inc	26.6B	2.80x	16.4%	0.99x	6.9x	6.3x	6.4x	6.3x
Mean		1.56x	21.0%	6.02x	14.3x	12.5x	10.5x	9.7x
Median		1.62x	16.1%	2.69x	12.4x	11.3x	8.3x	7.7x

Technical analysis

1M+14.6%
3M+0.3%
1Y+3.9%
3Y−2.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Evertec Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	932	845	695	618	590	511
Cost of revenue	469	406	337	289	250	227
Gross profit	463	439	358	330	340	284
Selling, general & administrative expenses	144	150	74.6	76.1	65.7	70.8
Research & development	–	–	–	–	–	–
Depreciation/amortization	122	128	93.6	78.6	75.1	71.5
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	9.9	−4.2	53.5	−118	2.4	–
Other operating expenses	0	0	0	0	0	0
Operating income	186	166	136	293	197	141
Net interest income (expense)	−47.6	−62.3	−51.2	−26.3	−19.2	−22.4
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	15.5	16.3	0.4	1.1	4.4	4.9
Net income before taxes	154	120	85.4	268	182	124
Provision for taxes	9.8	4.8	5.5	29.0	20.6	19.0
Minority interest	−3.0	−2.2	−0.2	0.1	0	−0.4
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	142	113	79.7	239	161	104
Extraordinary items	–	–	–	–	–	–
Net income	142	113	79.7	239	161	104
EBIT, normalized	196	161	190	175	199	141
EBITDA, normalized	318	289	283	254	274	213
Basic EPS, normalized	3.62	3.28	2.82	2.42	2.74	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Evertec Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	306	274	296	197	266	203
Receivables	176	148	138	119	106	87.1
Total inventory	–	–	–	–	–	–
Prepaid expenses	23.4	23.1	25.0	12.7	8.5	15.4
Other current assets	85.6	84.6	102	60.0	55.5	53.9
Total current assets	591	529	561	389	436	359
Property, plant & equipment	103	72.2	77.2	72.3	69.8	71.1
Goodwill	892	727	792	423	393	398
Intangibles	553	431	518	200	213	220
Long-term investments	39.2	35.4	32.7	16.9	15.2	13.1
Note receivable	–	–	–	–	–	–
Other long-term assets	65.7	63.2	79.2	29.7	16.8	11.7
Total assets	2,243	1,858	2,060	1,132	1,145	1,073
Liabilities
Accounts payable	63.7	58.7	66.5	46.8	28.5	43.3
Payable/accrued	–	–	–	–	–	–
Accrued expenses	131	131	136	96.3	80.1	63.9
Short-term debt	10.0	0	0	20.0	0	0
Current portion of long-term debt	23.9	23.9	23.9	20.8	19.8	14.2
Other current liabilities	56.0	66.3	72.1	24.6	24.5	31.5
Total current liabilities	285	280	298	208	153	153
Long-term debt	1,053	925	947	389	445	481
Minority interest	92.4	46.7	41.1	3.2	4.1	4.7
Other liabilities	191	134	180	59.1	76.8	96.1
Total liabilities	1,622	1,385	1,466	660	679	735
Shareholders' equity
Preferred stock	0	0	0	0	0	0
Common stock	0.6	0.6	0.7	0.6	0.7	0.7
Additional paid-in capital	0	7.0	36.5	0	7.6	5.3
Retained earnings (accumulated deficit)	688	600	539	487	506	380
Treasury stock	–	–	–	–	–	–
Other equity	−66.7	−135	18.2	−16.5	−48.1	−48.3
Total equity	622	473	594	472	466	338
Total liabilities & shareholders' equity	2,243	1,858	2,060	1,132	1,145	1,073

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Evertec Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	145	115	79.9	239	161	105
Depreciation, depletion & amortization	122	128	93.6	78.6	75.1	71.5
Deferred taxes	−24.2	−26.7	−16.1	−0.4	−2.8	−3.9
Non-cash items	38.3	42.5	41.8	−91.4	23.6	23.5
Changes in working capital	−53.7	1.7	25.1	−2.2	−28.6	3.1
Cash from operations	227	260	224	223	228	199
Investing activities
Capital expenditures	−91.5	−88.4	−85.0	−82.5	−66.9	−48.6
Other investing cash flows	−147	−29.9	−423	−50.8	−16.9	0
Cash from investing	−238	−118	−508	−133	−83.8	−48.6
Financing activities
Financing cash flow items	−23.1	−31.0	−17.2	−13.0	−8.8	−8.1
Cash dividends paid	−12.8	−12.9	−13.0	−13.8	−14.4	−14.4
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	64.3	−109	433	−130	−58.1	−40.1
Cash from financing	28.4	−153	403	−157	−81.3	−62.6
Foreign exchange effects	16.3	−18.3	8.4	−3.5	1.5	2.1
Net change in cash	33.5	−29.1	128	−70.3	64.8	90.0
Free cash flow	136	172	139	141	162	150

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.