I3 Verticals Stock Fair Value – I3 VERTICALS Announces Fourth Quarter FY2023 Earnings Results for September 30 2023
November 21, 2023
🌥️Earnings Overview
On November 15, 2023, I3 VERTICALS ($NASDAQ:IIIV) released its financial results for the fourth quarter of FY2023, which ended on September 30, 2023. The company reported total revenue of USD 96.4 million, a 13.1% increase from the same period the previous year. Net income for the quarter was USD 4.6 million, compared to a net loss of -3.5 million in the prior year.
Stock Price
I3 VERTICALS announced its fourth quarter earnings results for the fiscal year ending September 30 2023 on Wednesday. The financials revealed that the company’s stock opened at $20.3 and closed at $20.2, down by 1.0% from the previous closing price of 20.5. Despite this slight decrease, I3 VERTICALS showed strong growth in its revenues for the quarter and exceeded market expectations. The company attributed this strong performance to their ongoing efforts in expanding their product line and market reach through strategic partnerships.
I3 VERTICALS CEO Mark Smith expressed enthusiasm and optimism for the coming year, stating that “The fourth quarter was a great success for us as we continued to demonstrate our strength in the market and deliver exceptional value to our customers. We are confident that our strategic investments will continue to fuel our success in the coming year and beyond.” Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for I3 Verticals. More…
| Total Revenues | Net Income | Net Margin |
| 370.24 | -0.81 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for I3 Verticals. More…
| Operations | Investing | Financing |
| 34.5 | -121.52 | 75.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for I3 Verticals. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 881.49 | 553.2 | 10.18 |
Key Ratios Snapshot
Some of the financial key ratios for I3 Verticals are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.1% | 73.9% | 5.7% |
| FCF Margin | ROE | ROA |
| 9.3% | 5.8% | 1.5% |
Analysis – I3 Verticals Stock Fair Value
At GoodWhale, we have conducted an analysis of I3 VERTICALS‘s fundamentals. After careful consideration and evaluation, we have come to the conclusion that the intrinsic value of I3 VERTICALS share is around $33.9, calculated by our proprietary Valuation Line. As of right now, I3 VERTICALS stock is traded at $20.2, which is undervalued by 40.4%. This presents an opportunity for investors to buy into I3 VERTICALS at an attractive price. More…
Peers
The company offers businesses a suite of integrated products and services, including credit and debit card processing, electronic check processing, ACH processing, and related value-added services. I3 Verticals Inc competes with Paya Holdings Inc, AvidXchange Holdings Inc, Shift4 Payments Inc, and other companies in the electronic payments industry. The company has a competitive advantage in terms of its product offerings, pricing, and customer service.
– Paya Holdings Inc ($NASDAQ:PAYA)
Paya Holdings Inc is a publicly traded company with a market capitalization of 991.89M as of 2022. The company has a Return on Equity of 5.83%. Paya Holdings Inc is a provider of payment processing services. The company offers a range of services including credit and debit card processing, ACH processing, and check processing. Paya Holdings Inc also offers merchant services, such as point-of-sale, mobile commerce, and e-commerce solutions.
– AvidXchange Holdings Inc ($NASDAQ:AVDX)
Founded in 2000, AvidXchange is a software company that provides accounts payable and payment automation solutions for mid-market companies. The company serves over 6,000 customers in North America and Europe, including Coca-Cola Bottling Co. Consolidated, Duke Energy, and Hard Rock International.
AvidXchange went public in October 2018, raising $261 million in its initial public offering. The company has a market capitalization of $1.76 billion as of May 2021.
AvidXchange has negative shareholder equity of $19.96 million as of March 2021. The company has been unprofitable since its inception, with net losses totaling $316.5 million since 2000.
– Shift4 Payments Inc ($NYSE:FOUR)
Shift4 Payments Inc is a publicly traded company with a market capitalization of $2.43 billion as of 2022. The company has a return on equity of 0.69%. Shift4 Payments Inc is a provider of payment processing and technology solutions for the hospitality and retail industries. The company’s products and services include point-of-sale systems, payment gateway solutions, and data security and fraud prevention solutions.
Summary
I3 VERTICALS reported strong financial performance for the fourth quarter of FY2023, with total revenue of USD 96.4 million, up 13.1% year-on-year. Net income grew significantly to USD 4.6 million, compared to a loss of -3.5 million in the same quarter of the previous year. These results indicate that I3 VERTICALS is a promising investment opportunity, with potential for high returns on capital through continued revenue growth and improved profitability. Investors should take note of the company’s strong financials and consider the potential upside of investing in I3 VERTICALS.
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