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i3 Verticals

Nasdaq:IIIV
Snowflake Description

Moderate growth potential with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IIIV
Nasdaq
$589M
Imp Market Cap
  1. Home
  2. US
  3. Software
Company description

i3 Verticals, Inc. provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The last earnings update was 34 days ago. More info.


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IIIV Share Price and Events
7 Day Returns
2%
NasdaqGS:IIIV
2%
US IT
1.6%
US Market
1 Year Returns
-
NasdaqGS:IIIV
15.4%
US IT
3.2%
US Market
IIIV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
i3 Verticals (IIIV) 2% -6.5% -2.4% - - -
US IT 2% 4.7% 20.1% 15.4% 79.5% 95.3%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • No trading data on IIIV.
  • No trading data on IIIV.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is i3 Verticals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of i3 Verticals to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for i3 Verticals.

NasdaqGS:IIIV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:IIIV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 21%) (9.17%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.094 * 5.96%)
9.25%

Discounted Cash Flow Calculation for NasdaqGS:IIIV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for i3 Verticals is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:IIIV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.25%)
2019 17.23 Analyst x1 15.77
2020 21.72 Est @ 26.06% 18.20
2021 25.86 Est @ 19.06% 19.83
2022 29.52 Est @ 14.16% 20.72
2023 32.69 Est @ 10.73% 21.00
2024 35.41 Est @ 8.33% 20.83
2025 37.77 Est @ 6.65% 20.33
2026 39.84 Est @ 5.47% 19.63
2027 41.69 Est @ 4.65% 18.80
2028 43.39 Est @ 4.07% 17.91
Present value of next 10 years cash flows $193.03
NasdaqGS:IIIV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $43.39 × (1 + 2.73%) ÷ (9.25% – 2.73%)
$683.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $683.58 ÷ (1 + 9.25%)10
$282.20
NasdaqGS:IIIV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $193.03 + $282.20
$475.23
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $475.23 / 26.39
$18.01
NasdaqGS:IIIV Discount to Share Price
Calculation Result
Value per share (USD) From above. $18.01
Current discount Discount to share price of $22.12
= -1 x ($22.12 - $18.01) / $18.01
-22.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of i3 Verticals is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for i3 Verticals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are i3 Verticals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:IIIV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.14
NasdaqGS:IIIV Share Price ** NasdaqGS (2019-03-19) in USD $22.12
United States of America IT Industry PE Ratio Median Figure of 78 Publicly-Listed IT Companies 30.24x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of i3 Verticals.

NasdaqGS:IIIV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:IIIV Share Price ÷ EPS (both in USD)

= 22.12 ÷ 0.14

161.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • i3 Verticals is overvalued based on earnings compared to the US IT industry average.
  • i3 Verticals is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does i3 Verticals's expected growth come at a high price?
Raw Data
NasdaqGS:IIIV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 161.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
40.8%per year
United States of America IT Industry PEG Ratio Median Figure of 64 Publicly-Listed IT Companies 2.42x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

NasdaqGS:IIIV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 161.69x ÷ 40.8%

3.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • i3 Verticals is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on i3 Verticals's assets?
Raw Data
NasdaqGS:IIIV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.44
NasdaqGS:IIIV Share Price * NasdaqGS (2019-03-19) in USD $22.12
United States of America IT Industry PB Ratio Median Figure of 121 Publicly-Listed IT Companies 4.38x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqGS:IIIV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:IIIV Share Price ÷ Book Value per Share (both in USD)

= 22.12 ÷ 4.44

4.98x

* Primary Listing of i3 Verticals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • i3 Verticals is overvalued based on assets compared to the US IT industry average.
X
Value checks
We assess i3 Verticals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. i3 Verticals has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is i3 Verticals expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is i3 Verticals expected to grow at an attractive rate?
  • i3 Verticals's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • i3 Verticals's earnings growth is expected to exceed the United States of America market average.
  • i3 Verticals's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:IIIV Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:IIIV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 40.8%
NasdaqGS:IIIV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -15.9%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:IIIV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:IIIV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 155 14 1
2020-09-30 139 16 5
2019-09-30 127 19 12 5
NasdaqGS:IIIV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 331 18 1
2018-09-30 324 18 1
2018-06-30 311 17 0
2017-12-31 277 13 1
2017-09-30 263 8 1
2016-09-30 200 10 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • i3 Verticals's earnings are expected to grow significantly at over 20% yearly.
  • i3 Verticals's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:IIIV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from i3 Verticals Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:IIIV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30
2020-09-30 0.59 0.61 0.56 2.00
2019-09-30 0.24 0.32 0.16 2.00
NasdaqGS:IIIV Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.14
2018-09-30 0.08
2018-06-30 0.04
2017-12-31 0.04
2017-09-30 0.04
2016-09-30 -0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if i3 Verticals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess i3 Verticals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
i3 Verticals has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has i3 Verticals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare i3 Verticals's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unable to establish if i3 Verticals's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare i3 Verticals's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • i3 Verticals's earnings growth has exceeded the US IT industry average in the past year (26.2% vs 15.3%).
Earnings and Revenue History
i3 Verticals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from i3 Verticals Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:IIIV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 331.16 1.25 42.77
2018-09-30 323.51 0.74 39.33
2018-06-30 311.23 0.34 35.29
2017-12-31 277.46 0.99 28.07
2017-09-30 262.57 0.90 25.73
2016-09-30 199.64 -2.09 19.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if i3 Verticals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • i3 Verticals used its assets less efficiently than the US IT industry average last year based on Return on Assets.
  • Unable to establish if i3 Verticals improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess i3 Verticals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
i3 Verticals has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is i3 Verticals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up i3 Verticals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • i3 Verticals's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • i3 Verticals's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of i3 Verticals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from i3 Verticals Company Filings, last reported 2 months ago.

NasdaqGS:IIIV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 114.57 54.01 0.89
2018-09-30 112.20 36.78 0.57
2018-06-30 108.29 34.54 2.47
2017-12-31 2.75 128.60 1.44
2017-09-30 3.15 110.84 0.96
2016-09-30 -9.51 83.54 3.78
  • i3 Verticals's level of debt (47.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if i3 Verticals's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (33.9%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess i3 Verticals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. i3 Verticals has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is i3 Verticals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from i3 Verticals dividends.
If you bought $2,000 of i3 Verticals shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate i3 Verticals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate i3 Verticals's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:IIIV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:IIIV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30
2020-09-30
2019-09-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as i3 Verticals has not reported any payouts.
  • Unable to verify if i3 Verticals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of i3 Verticals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as i3 Verticals has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess i3 Verticals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can i3 Verticals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. i3 Verticals has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of i3 Verticals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Daily
COMPENSATION $22,346
AGE 58
TENURE AS CEO 1.2 years
CEO Bio

Mr. Gregory S. Daily, also known as Greg, serves as the Founder, Chairman and Chief Executive Officer of i3 Verticals, LLC. since 2012. Mr. Daily serves as Chairman and Chief Executive Officer at i3 Verticals Inc. January 2018. Mr. Daily has been the Chief Manager and President of Caymas LLC since January 2001. He has been the Chief Executive Officer of Hardsworth LLC since May 1997. He Co-founded iPayment Inc. in 2001 and served as its Chairman and Chief Executive Officer from February 2001 to May 23, 2011. He was a Co-founder of Ipayment Investors L.P. He served as Secretary of iPayment Inc. from April 2001 to August 2002. From January 1, 1999 to December 2000, Mr. Daily was a Private Investor. Mr. Daily Co-founded PMT Services Inc., in 1984 and served as its President since September 1998. Mr. Daily served as a Vice President, Chief Operating Officer and Secretary of PMT Services Inc., from August 1984 to December 1995 and served as its Treasurer since August 1984. Mr. Daily worked with Comdata Network Inc., including served as its Telemarketing Representative. From 1999 to January 2001, Mr. Daily was an Independent Consultant. Mr. Daily served as a Vice Chairman of Elavon Inc. (formerly NOVA Corp.), from September 1998 to May 2001. He serves as a Director of Internet Pictures Corp. He serves as a Director of Cheekwood Botanical Garden and Museum of Art, the Owen School of Business Board of Visitors and the Nashville Symphony. He served as a Director of Goldleaf Financial Solutions, Inc. (known as Goldleaf Financial Solutions, Inc.) Private Business Inc., since August 2001. He served as a Director of Capstar Bank. He served as a Director of IPIX Corp., since October 2001. He served as Director of PMT Services Inc., since August 1984. Mr. Daily holds a Bachelor of Arts from Trevecca Nazarene University.

CEO Compensation
  • Greg's compensation has increased by more than 20% in the past year.
  • Greg's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the i3 Verticals management team in years:

1.2
Average Tenure
53
Average Age
  • The average tenure for the i3 Verticals management team is less than 2 years, this suggests a new team.
Management Team

Greg Daily

TITLE
CEO & Chairman
COMPENSATION
$22K
AGE
58
TENURE
1.2 yrs

Rick Stanford

TITLE
President
COMPENSATION
$673K
AGE
57
TENURE
1.2 yrs

Clay Whitson

TITLE
CFO & Director
COMPENSATION
$629K
AGE
61
TENURE
1.2 yrs

Joe Jorling

TITLE
Chief Operating Officer

Rob Bertke

TITLE
Chief Technology Officer
AGE
49
TENURE
1.2 yrs

Paul Maple

TITLE
General Counsel & Secretary
AGE
44
TENURE
1.2 yrs

Jeff White

TITLE
Head of Sales

Peter Gatof

TITLE
Executive Vice President

Scott Meriwether

TITLE
Senior Vice President of Finance
AGE
36
TENURE
1.2 yrs

Ian Halpern

TITLE
Chief Executive Officer of Rentshare
Board of Directors Tenure

Average tenure and age of the i3 Verticals board of directors in years:

1.9
Average Tenure
61
Average Age
  • The average tenure for the i3 Verticals board of directors is less than 3 years, this suggests a new board.
Board of Directors

Clay Whitson

TITLE
CFO & Director
COMPENSATION
$629K
AGE
61

Tim McKenna

TITLE
Director
COMPENSATION
$44K
AGE
64
TENURE
7.2 yrs

Greg Daily

TITLE
CEO & Chairman
COMPENSATION
$22K
AGE
58
TENURE
1.2 yrs

David Morgan

TITLE
Director
COMPENSATION
$175K
AGE
65
TENURE
1 yrs

David Wilds

TITLE
Lead Independent Director
COMPENSATION
$41K
AGE
77

John Harrison

TITLE
Director
COMPENSATION
$41K
TENURE
5.6 yrs

Beth Courtney

TITLE
Director
COMPENSATION
$173K
AGE
54
TENURE
0.8 yrs

Robert Harvey

TITLE
Director
COMPENSATION
$41K
AGE
54
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Aug 18 Buy David Morgan Individual 16. Aug 18 16. Aug 18 2,000 $15.66 $31,320
26. Jun 18 Buy Paul Maple Individual 25. Jun 18 25. Jun 18 5,769 $13.00 $74,997
X
Management checks
We assess i3 Verticals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. i3 Verticals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is i3 Verticals, Inc.’s (NASDAQ:IIIV) 10% Return On Capital Employed Good News?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

i3 Verticals, Inc. (NASDAQ:IIIV): The Yield That Matters The Most

(NASDAQ:IIIV) is, how it makes money and how it spends its cash. … I’ve analysed below, the health and outlook of i3 Verticals’s cash flow, which will help you understand the stock from a cash standpoint. … i3 Verticals’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure

Simply Wall St -

Have Insiders Been Buying i3 Verticals, Inc. (NASDAQ:IIIV) Shares?

So we'll take a look at whether insiders have been buying or selling shares in i3 Verticals, Inc. … The Last 12 Months Of Insider Transactions At i3 Verticals. … In the last twelve months insiders paid US$106k for 7.77k shares purchased.

Simply Wall St -

i3 Verticals Inc (NASDAQ:IIIV) Investors Are Paying Above The Intrinsic Value

How far off is i3 Verticals Inc (NASDAQ:IIIV) from its intrinsic value? … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Is i3 Verticals Inc's (NASDAQ:IIIV) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like i3 Verticals Inc (NASDAQ:IIIV), with a market cap of US$493.8m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

What is Behind i3 Verticals Inc's (NASDAQ:IIIV) Superior ROE?

and looking to gauge the potential return on investment in i3 Verticals Inc (NASDAQ:IIIV). … If IIIV borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface

Simply Wall St -

Company Info

Description

i3 Verticals, Inc. provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support. Its payment processing services enable clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks. The company also licenses software; and provides ongoing support, and other point of sale-related solutions. It offers its solutions to its clients through direct sales force, as well as through a network of distribution partners, including independent software vendors, value-added resellers, independent sales organizations, and other referral partners, such as financial institutions. The company was founded in 2012 and is headquartered in Nashville, Tennessee.

Details
Name: i3 Verticals, Inc.
IIIV
Exchange: NasdaqGS
Founded: 2012
$588,771,274
$202,987,697
26,390,465
Website: http://www.i3verticals.com
Address: i3 Verticals, Inc.
40 Burton Hills Boulevard,
Suite 415,
Nashville,
Tennessee, 37215,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS IIIV Class A Common Stock Nasdaq Global Select US USD 21. Jun 2018
MUN V1K Class A Common Stock Boerse Muenchen DE EUR 21. Jun 2018
Number of employees
Current staff
Staff numbers
338
i3 Verticals employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:48
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/06
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.