EVTCEVERTEC, Inc.
Services-Computer Processing & Data Preparation
- Revenue
- $932M
- 10% YoY
- Operating margin
- 20.0%
- 2.1% YoY
- EBITDA
- $209M
- 11% YoY
- Market cap
- $1.9B
- Employees
- 5,327
- $175K revenue each
- Net debt / EBITDA
- 4.0×
- $844M net debt
- AI in 10-K
- 4.4
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 2 of 7
- TSR below peersYes4 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$9M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo157% of net incomeCash flow under 80% of net income
- Dilutive SBCNo3% of revenueOver 10% of revenue
- Payouts exceed cash flowNo36% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes43% of assetsOver 40% of assets
- Shareholder dissentNo94% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$175K · 10th pctBottom quartile of its SIC industry
- Quiet on AINo4.4 per 10K words · 80th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo4.0× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.9B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$741K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $590M | $618M | $695M | $845M | $932M | 10% |
| Operating income | $197M | $157M | $136M | $166M | $186M | 13% |
| Net income | $161M | $239M | $80M | $115M | $145M | 26% |
| Operating cash flow | $228M | $220M | $211M | $260M | $227M | 13% |
| Capex | $25M | $27M | $21M | $25M | $23M | 8.0% |
| Stock-based comp | $15M | $20M | $26M | $30M | $30M | 2.3% |
| Buybacks | $24M | $97M | $36M | $82M | $69M | 16% |
| Dividends | $14M | $14M | $13M | $13M | $13M | 0.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $2M · 7
- Open-market sells, 12 mo
- $2M · 6
- Net
- $741K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $9M | $4M | 74 | 179 |
| FY2024 | $9M | $5M | 88 | 155 |
| FY2023 | $14M | $23M | 104 | 126 |
| FY2022 | $8M | −$1M | 82 | 102 |
| FY2021 | $7M | $17M | 127 | 127 |