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Evercore (Evercore) Intrinsic Value: Projected FCF : $303.05 (As of Apr. 25, 2024)


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What is Evercore Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-25), Evercore's Intrinsic Value: Projected FCF is $303.05. The stock price of Evercore is $183.65. Therefore, Evercore's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

The historical rank and industry rank for Evercore's Intrinsic Value: Projected FCF or its related term are showing as below:

EVR' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.36   Med: 0.54   Max: 1.3
Current: 0.61

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Evercore was 1.30. The lowest was 0.36. And the median was 0.54.

EVR's Price-to-Projected-FCF is ranked better than
69.63% of 517 companies
in the Capital Markets industry
Industry Median: 1.07 vs EVR: 0.61

Evercore Intrinsic Value: Projected FCF Historical Data

The historical data trend for Evercore's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Evercore Intrinsic Value: Projected FCF Chart

Evercore Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 170.99 213.44 284.13 302.51 303.05

Evercore Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 302.51 269.89 294.09 290.70 303.05

Competitive Comparison of Evercore's Intrinsic Value: Projected FCF

For the Capital Markets subindustry, Evercore's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Evercore's Price-to-Projected-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Evercore's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Evercore's Price-to-Projected-FCF falls into.



Evercore Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Evercore's Free Cash Flow(6 year avg) = $744.47.

Evercore's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*744.47344+1576.934*0.8)/40.675
=303.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Evercore  (NYSE:EVR) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Evercore's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=183.65/303.04604394781
=0.61

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Evercore Intrinsic Value: Projected FCF Related Terms

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Evercore (Evercore) Business Description

Traded in Other Exchanges
Address
55 East 52nd Street, New York, NY, USA, 10055
Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities trading, equity underwriting, and investment management businesses that account for around 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore had approximately 1,800 employees at the end of 2022, and about 75% of its revenue is derived from the United States.
Executives
Richard I Beattie director C/O SIMPSON THACHER & BARTLETT, 425 LEXINGTON AVE, NEW YORK NY 10017-3954
Pamela G Carlton director 901 S. MARQUETTE AVENUE, MINNEAPOLIS MN 55402
Timothy Gilbert Lalonde officer: Chief Financial Officer 55 EAST 52ND STREET, NEW YORK NY 10055
Jason Klurfeld officer: General Counsel 55 EAST 52ND STREET, C/O EVERCORE INC., NEW YORK NY 10055
Paul Pensa officer: Contr.,Principal Acct. Officer 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Ralph Schlosstein director, officer: President and CEO EVERCORE PARTNERS INC., 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Celeste M Brown officer: Chief Financial Officer C/O EVERCORE INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Robert B Walsh officer: Principal Financial Officer C/O EVERCORE PARTNERS INC., 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Ellen V Futter director J P MORGAN CHASE & CO, 270 PARK AVE, NEW YORK NY 10017
Roger C Altman director, officer: Executive Chairman EVERCORE PARTNERS INC., 55 EAST 52ND STREET, 43RD FLOOR, NEW YORK NY 10055
Wilson Kendrick R Iii director C/O EVERCORE INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Ostoa Augusto Arellano officer: CEO of EVR Mexico 55 EAST 52ND STREET, NEW YORK NY 10055
Andrew Sibbald officer: CEO EVR Partners International 55 EAST 52ND STREET, FLOOR 38, NEW YORK NY 10055
Sarah K Williamson director 55 EAST 52ND STREET, C/O EVERCORE INC., NEW YORK NY 10055
Adam B Frankel officer: General Counsel