As of April 4, 2026, EverQuote Inc has a Discounted Cash Flow (DCF) derived fair value of $33.49 per share. With the current market price at $15.18, this represents a potential upside of 120.6%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $28.19 |
| DCF Fair Value (10-year) | $33.49 |
| Potential Upside (5-year) | 85.7% |
| Potential Upside (10-year) | 120.6% |
| Discount Rate (WACC) | 6.9% - 8.7% |
Revenue is projected to grow from $693 million in 12-2025 to $1196 million by 12-2035, representing a compound annual growth rate of approximately 5.6%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2025 | 693 | 38% |
| 12-2026 | 724 | 4% |
| 12-2027 | 765 | 6% |
| 12-2028 | 782 | 2% |
| 12-2029 | 825 | 5% |
| 12-2030 | 883 | 7% |
| 12-2031 | 957 | 8% |
| 12-2032 | 1015 | 6% |
| 12-2033 | 1061 | 5% |
| 12-2034 | 1131 | 7% |
| 12-2035 | 1196 | 6% |
Net profit margin is expected to improve from 14% in 12-2025 to 8% by 12-2035, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2025 | 99 | 14% |
| 12-2026 | 61 | 8% |
| 12-2027 | 65 | 8% |
| 12-2028 | 66 | 8% |
| 12-2029 | 70 | 8% |
| 12-2030 | 75 | 8% |
| 12-2031 | 81 | 8% |
| 12-2032 | 86 | 8% |
| 12-2033 | 90 | 8% |
| 12-2034 | 96 | 8% |
| 12-2035 | 101 | 8% |
with a 5-year average of $4 million. Projected CapEx is expected to maintain at approximately 1% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2026 | 5 |
| 12-2027 | 5 |
| 12-2028 | 6 |
| 12-2029 | 7 |
| 12-2030 | 7 |
| 12-2031 | 8 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 37 |
| Days Inventory | 0 |
| Days Payables | 925 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 2026 | 66 | 3 | 7 | 24 | 32 |
| 2027 | 70 | 4 | 7 | (4) | 63 |
| 2028 | 72 | 4 | 7 | (5) | 65 |
| 2029 | 76 | 4 | 8 | 6 | 58 |
| 2030 | 82 | 4 | 8 | (1) | 70 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 28.19 | 85.7% |
| 10-Year DCF (Growth) | 33.49 | 120.6% |
| 5-Year DCF (EBITDA) | 27.26 | 79.6% |
| 10-Year DCF (EBITDA) | 32.74 | 115.7% |
Is EverQuote Inc (EVER) a buy or a sell? EverQuote Inc is definitely a buy. Based on our DCF analysis, EverQuote Inc (EVER) appears to be significantly undervalued with upside potential of 120.6%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider a strong buy at the current market price of $15.18.