Evertec Income Statement Research

EVTC Stock

USD 38.43 0.16 0.42%

Most accounts from Evertec's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Evertec current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Evertec Valuation and Evertec Correlation analysis.

For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.

At present, Evertec's Income Before Tax is projected to increase significantly based on the last few years of reporting. The current year's Net Income Applicable To Common Shares is expected to grow to about 288.6 M, whereas Depreciation And Amortization is forecasted to decline to about 81.1 M.

For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.At present, Evertec's Income Before Tax is projected to increase significantly based on the last few years of reporting. The current year's Net Income Applicable To Common Shares is expected to grow to about 288.6 M, whereas Depreciation And Amortization is forecasted to decline to about 81.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	22.8M	24.8M	40.6M	25.9M
Depreciation And Amortization	83.1M	92.0M	99.9M	81.1M

Interest Expense Depreciation And Amortization

Evertec income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		-0.02	0.76	0.86	0.64	0.89	0.59	0.56	0.72	0.88	0.66	0.51	0.06	0.53	0.26	0.52	0.69	-0.42	0.59	-0.29	0.75	0.91
Interest Expense	-0.02		-0.44	-0.41	-0.65	-0.26	-0.67	-0.71	-0.6	-0.17	-0.52	-0.7	-0.28	-0.52	-0.9	-0.77	-0.49	0.59	-0.59	0.61	-0.01	-0.35
Selling General Administrative	0.76	-0.44		0.96	0.8	0.96	0.75	0.76	0.82	0.92	0.81	0.7	0.19	0.62	0.68	0.76	0.82	-0.8	0.8	-0.73	0.4	0.8
Total Revenue	0.86	-0.41	0.96		0.87	0.97	0.84	0.84	0.92	0.93	0.82	0.75	0.17	0.7	0.62	0.79	0.8	-0.77	0.83	-0.67	0.55	0.9
Gross Profit	0.64	-0.65	0.8	0.87		0.74	0.98	0.98	0.98	0.63	0.92	0.9	0.3	0.84	0.75	0.9	0.64	-0.79	0.94	-0.74	0.34	0.83
Other Operating Expenses	0.89	-0.26	0.96	0.97	0.74		0.7	0.69	0.8	0.98	0.75	0.63	0.13	0.59	0.51	0.68	0.82	-0.7	0.73	-0.59	0.58	0.87
Operating Income	0.59	-0.67	0.75	0.84	0.98	0.7		1.0	0.98	0.6	0.82	0.86	0.21	0.79	0.73	0.87	0.59	-0.76	0.87	-0.7	0.35	0.78
Ebit	0.56	-0.71	0.76	0.84	0.98	0.69	1.0		0.98	0.6	0.82	0.86	0.21	0.78	0.78	0.88	0.6	-0.76	0.87	-0.72	0.32	0.76
Ebitda	0.72	-0.6	0.82	0.92	0.98	0.8	0.98	0.98		0.72	0.86	0.85	0.19	0.78	0.72	0.87	0.68	-0.75	0.88	-0.67	0.46	0.87
Cost Of Revenue	0.88	-0.17	0.92	0.93	0.63	0.98	0.6	0.6	0.72		0.61	0.51	0.04	0.48	0.42	0.58	0.79	-0.62	0.61	-0.51	0.61	0.81
Total Operating Expenses	0.66	-0.52	0.81	0.82	0.92	0.75	0.82	0.82	0.86	0.61		0.88	0.45	0.83	0.68	0.86	0.67	-0.77	0.96	-0.72	0.28	0.82
Income Before Tax	0.51	-0.7	0.7	0.75	0.9	0.63	0.86	0.86	0.85	0.51	0.88		0.66	0.97	0.74	0.98	0.65	-0.72	0.9	-0.66	0.24	0.71
Total Other Income Expense Net	0.06	-0.28	0.19	0.17	0.3	0.13	0.21	0.21	0.19	0.04	0.45	0.66		0.72	0.28	0.57	0.21	-0.21	0.42	-0.19	-0.15	0.12
Net Income	0.53	-0.52	0.62	0.7	0.84	0.59	0.79	0.78	0.78	0.48	0.83	0.97	0.72		0.54	0.91	0.6	-0.63	0.85	-0.57	0.28	0.7
Income Tax Expense	0.26	-0.9	0.68	0.62	0.75	0.51	0.73	0.78	0.72	0.42	0.68	0.74	0.28	0.54		0.82	0.56	-0.68	0.7	-0.67	0.07	0.49
Net Income From Continuing Ops	0.52	-0.77	0.76	0.79	0.9	0.68	0.87	0.88	0.87	0.58	0.86	0.98	0.57	0.91	0.82		0.74	-0.75	0.88	-0.69	0.29	0.73
Non Operating Income Net Other	0.69	-0.49	0.82	0.8	0.64	0.82	0.59	0.6	0.68	0.79	0.67	0.65	0.21	0.6	0.56	0.74		-0.67	0.66	-0.57	0.61	0.81
Minority Interest	-0.42	0.59	-0.8	-0.77	-0.79	-0.7	-0.76	-0.76	-0.75	-0.62	-0.77	-0.72	-0.21	-0.63	-0.68	-0.75	-0.67		-0.88	0.99	-0.14	-0.65
Tax Provision	0.59	-0.59	0.8	0.83	0.94	0.73	0.87	0.87	0.88	0.61	0.96	0.9	0.42	0.85	0.7	0.88	0.66	-0.88		-0.84	0.27	0.8
Interest Income	-0.29	0.61	-0.73	-0.67	-0.74	-0.59	-0.7	-0.72	-0.67	-0.51	-0.72	-0.66	-0.19	-0.57	-0.67	-0.69	-0.57	0.99	-0.84		0.0	-0.55
Net Interest Income	0.75	-0.01	0.4	0.55	0.34	0.58	0.35	0.32	0.46	0.61	0.28	0.24	-0.15	0.28	0.07	0.29	0.61	-0.14	0.27	0.0		0.72
Reconciled Depreciation	0.91	-0.35	0.8	0.9	0.83	0.87	0.78	0.76	0.87	0.81	0.82	0.71	0.12	0.7	0.49	0.73	0.81	-0.65	0.8	-0.55	0.72

Click cells to compare fundamentals

Evertec Account Relationship Matchups

Evertec income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	28.8M	25.1M	22.8M	24.8M	40.6M	25.9M
Total Revenue	487.4M	510.6M	589.8M	618.4M	694.7M	499.7M
Gross Profit	274.0M	283.7M	339.6M	325.8M	264.3M	263.8M
Operating Income	144.5M	141.4M	196.5M	157.4M	136.2M	128.8M
Ebit	144.5M	141.4M	196.5M	157.4M	136.2M	129.4M
Ebitda	219.7M	220.4M	279.6M	249.4M	236.0M	210.5M
Cost Of Revenue	213.4M	226.9M	250.2M	292.6M	430.4M	235.9M
Income Before Tax	116.7M	123.9M	181.7M	267.9M	85.4M	98.2M
Net Income	103.5M	104.4M	161.1M	239.0M	79.7M	95.0M
Income Tax Expense	13.0M	19.0M	20.6M	29.0M	5.5M	3.1M
Minority Interest	231K	415K	13K	(140K)	174K	165.3K
Tax Provision	13.0M	19.0M	20.6M	29.0M	10.6M	14.0M
Interest Income	1.2M	1.5M	1.9M	3.1M	6.0M	3.5M
Net Interest Income	(27.6M)	(23.6M)	(20.9M)	(21.7M)	(17.5M)	(18.4M)

Pair Trading with Evertec

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Evertec position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Evertec will appreciate offsetting losses from the drop in the long position's value.

Moving against Evertec Stock

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The ability to find closely correlated positions to Evertec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evertec when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Evertec - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Evertec to buy it.

The correlation of Evertec is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evertec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evertec moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Evertec can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Evertec offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Evertec's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Evertec Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Evertec Stock:

How To Invest In Evertec

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Is Evertec Stock a good investment?

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What is Evertec's Net Worth?

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Check out Evertec Valuation and Evertec Correlation analysis.

For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.

You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Evertec Stock analysis

When running Evertec's price analysis, check to measure Evertec's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Evertec is operating at the current time. Most of Evertec's value examination focuses on studying past and present price action to predict the probability of Evertec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evertec's price. Additionally, you may evaluate how the addition of Evertec to your portfolios can decrease your overall portfolio volatility.

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Is Evertec's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Evertec. If investors know Evertec will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Evertec listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.61)

Dividend Share

0.2

Earnings Share

1.21

Revenue Per Share

10.699

Quarterly Revenue Growth

0.203

The market value of Evertec is measured differently than its book value, which is the value of Evertec that is recorded on the company's balance sheet. Investors also form their own opinion of Evertec's value that differs from its market value or its book value, called intrinsic value, which is Evertec's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Evertec's market value can be influenced by many factors that don't directly affect Evertec's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Evertec's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evertec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evertec's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Evertec Income Statement Research

Evertec income statement Correlations

Evertec Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Evertec income statement Accounts

Pair Trading with Evertec

Moving against Evertec Stock

Complementary Tools for Evertec Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Ebit	+ 1.0	Operating Income
Interest Income	+ 0.99	Minority Interest
Operating Income	+ 0.98	Gross Profit
Ebit	+ 0.98	Gross Profit
Ebitda	+ 0.98	Gross Profit
Cost Of Revenue	+ 0.98	Other Operating Expenses

Income Tax Expense	- 0.9	Interest Expense
Tax Provision	- 0.88	Minority Interest
Interest Income	- 0.84	Tax Provision
Minority Interest	- 0.8	Selling General Administrative
Minority Interest	- 0.79	Gross Profit
Minority Interest	- 0.77	Total Operating Expenses