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Recent

v0.1
IIIV$20.62+2.08%
Fair $11.31-45.2%

IIIV

i3 Verticals, Inc.

Technology / Software - InfrastructureNasdaqGS

$20.62

+0.42 (+2.08%)

Modestly Overvalued-45.2%Fair Value $11.31Fund rank 34/100 · PassSEC 10/10 yrs|
SA 31/D
F-Score: 5/9
Significantly OvervaluedLow Profitability

FCF base 3Y

$13.78

-12.6% CAGR · yield 6.7%

FCF base 5Y

$11.66

-10.8% base · -8.8% expected

Precio de entrada

$5.41

MOS 18% · confianza 85%

FCF escenarios

audited · normalized FCF $33.0M · quality 63.0/100

Pass 34/100
Bear 5Y$6.15-21.5%
Base 5Y$11.66-10.8%
Bull 5Y$22.61+1.9%
Return 0/100Downside 16/100Model quality 52/100Data QA 100/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

31/100

D

Piotroski

5/9

balance/quality

Valuation

5/100

-45.2% upside

5Y CAGR

-8.8%

15/100

Data QA

100/100

SEC 100%

Latest source: sec-companyfactsPeriods: 10Warnings: 2sec-companyfacts: 10
Estimated downside of 45.2% from current price ROE is 4.6%, below the 5% threshold
Thesis & Journal · IIIVLocal privado en este navegador · i3 Verticals, Inc.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$576M

P/E

29.4x

↑

EV/EBITDA

10.6x

↓

ROE

4.6%

↓

Gross Margin

68.8%

↑

Debt/Equity

0.00

↓
52-Week Range$21
$18$34
EV/EBITDA Historical10.6x

TradingView lightweight chart

IIIV price, volumen y niveles de valoración

Último $20.62Periodo +12.4%
Buy zone: $5.410Bear 5Y: $6.150Fair value: $11.31Base 5Y: $11.66Bull 5Y: $22.61

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2016–2025 · 9 años de histórico normalizado

Revenue CAGR

+0.7%

FCF CAGR

-9.4%

FCF margin

1.8%

FCF / Net income

0.21x

Latest source

SEC-backed

Margin decomposition

Último año: revenue $213.2M · net income $17.9M · FCF $3.8M

2016-FY → 2025-FY

Gross margin

68.8%+45.9% pts

Operating margin

1.8%-0.2% pts

Net margin

8.4%+9.4% pts

FCF margin

1.8%-2.8% pts
SEC-backed annual metrics active for 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016. Local SEC Companyfacts override Yahoo/FMP for audited annual line items; provider-only fields remain as fallback.
MetricTTM
2025SEC
2024SEC
2023SEC
2022SEC
2021SEC
2020SEC
2019SEC
2018SEC
2017SEC
2016SEC
Income Statement
Revenue$213.2M$213.2M$191.2M$189.7M$187.8M$224.1M$150.1M$376.3M$323.5M$262.6M$199.6M
Net Income$17.9M$17.9M$113.3M$-811000.00$-17.1M$-4.5M$-419000.00$-3.0M$-6.9M$902000.00$-2.1M
EBITDA$43.0M$43.0M$45.2M$33.3M$5.3M$24.4M$26.0M$23.0M$24.2M$17.7M$13.9M
EPS0.720.724.73-0.07-0.77-0.22-0.03-0.290.08——
Gross Margin68.8%68.8%68.4%175.7%150.6%87.2%82.2%28.4%25.7%21.6%22.8%
Operating Margin1.8%1.8%2.3%-2.3%-12.3%-0.0%5.2%1.7%3.8%2.9%2.0%
Net Margin8.4%8.4%59.3%-0.4%-9.1%-2.0%-0.3%-0.8%-2.1%0.3%-1.0%
Balance Sheet
Debt/Equity0.000.000.071.641.310.980.581.740.94——
Current Ratio0.500.50—————————
Cash Flow
Free Cash Flow$3.8M$3.8M$45.4M$33.0M$41.5M$42.6M$20.8M$25.8M$15.9M$7.7M$9.1M
Returns
ROE4.6%4.6%29.8%-0.3%-7.8%-2.2%-0.3%-3.8%-17.6%——
Valuation
P/E29.3629.364.47—————264.25——
EV/EBITDA10.5810.5810.6931.84145.50——————
P/B1.861.861.892.972.153.273.732.7714.46——
Growth & Yield
Revenue Growth11.5%11.5%0.8%1.0%-16.2%49.3%-60.1%16.3%23.2%31.5%—
EPS Growth-84.8%-84.8%6857.1%90.9%-250.0%-633.3%89.7%-462.5%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

36.5%

muy exigente

EPS terminal req.

$1.83

Spread vs growth

-121.2%

5Y implied EPS CAGR

25.2%

muy exigente

EPS terminal req.

$2.21

Spread vs growth

-110.0%

10Y implied EPS CAGR

17.3%

exigente

EPS terminal req.

$3.57

Spread vs growth

-102.1%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -15.2%

Total return

-15.2%

Start / end P/E

5.1x → 28.6x

EPS bridge

4.73 → 0.72

Residual

-387.4%

EPS growth-84.8%
Multiple rerating+457.0%
Dividend+0.0%
Residual / FX / buybacks / cross-term-387.4%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.

10.6x31.8x
EV/EBITDA vs Sector10.6x
5.3xmed 13.0x19.5x