Evolv Technologies Holdings Inc
NASDAQ:EVLV

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Evolv Technologies Holdings Inc Logo
Evolv Technologies Holdings Inc
NASDAQ:EVLV
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Price: 3.09 USD 3.34% Market Closed
Market Cap: 486.8m USD
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Intrinsic Value

EVLV's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

The intrinsic value of one EVLV stock under the Base Case scenario is 3.55 USD. Compared to the current market price of 3.09 USD, Evolv Technologies Holdings Inc is Undervalued by 13%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

EVLV Intrinsic Value
3.55 USD
Undervaluation 13%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Evolv Technologies Holdings Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
Evolv Technologies Holdings Inc

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Evolv Technologies Holdings Inc

Current Assets 137.9m
Cash & Short-Term Investments 56.5m
Receivables 38.1m
Other Current Assets 43.3m
Non-Current Assets 130.6m
PP&E 122.2m
Other Non-Current Assets 8.4m
Current Liabilities 79.4m
Accounts Payable 5.6m
Accrued Liabilities 17.7m
Other Current Liabilities 56.2m
Non-Current Liabilities 36m
Other Non-Current Liabilities 36m
Efficiency

Earnings Waterfall
Evolv Technologies Holdings Inc

Revenue
89.2m USD
Cost of Revenue
-41.3m USD
Gross Profit
47.9m USD
Operating Expenses
-133m USD
Operating Income
-85.1m USD
Other Expenses
66m USD
Net Income
-19.1m USD

Free Cash Flow Analysis
Evolv Technologies Holdings Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

In Q2 2024, Evolv Express achieved record revenue of $25.5 million, a 29% increase year-over-year, driven by strong new customer growth and the expansion of existing accounts. They added 84 new customers, totaling over 800 clients. Annual recurring revenue surged to $89 million, up 64%. The company’s adjusted gross margin jumped to 58% from last year's 38%, thanks to a shift towards recurring revenue models. Their partnership with ASM Global doubled to 16 venues. Looking ahead, Evolv aims for a 25% revenue growth in 2024, reaching positive EBITDA by mid-2025, and continues to innovate with new subscription-based products.

What is Earnings Call?
Fundamental Scores

EVLV Profitability Score
Profitability Due Diligence

Evolv Technologies Holdings Inc's profitability score is 32/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
Exceptional Revenue Growth Forecast
ROIC is Increasing
Positive Gross Profit
32/100
Profitability
Score

Evolv Technologies Holdings Inc's profitability score is 32/100. The higher the profitability score, the more profitable the company is.

EVLV Solvency Score
Solvency Due Diligence

Evolv Technologies Holdings Inc's solvency score is 51/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Low Altman Z-Score
51/100
Solvency
Score

Evolv Technologies Holdings Inc's solvency score is 51/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

EVLV Price Targets Summary
Evolv Technologies Holdings Inc

Wall Street analysts forecast EVLV stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for EVLV is 5.23 USD with a low forecast of 2.78 USD and a high forecast of 6.3 USD.

Lowest
Price Target
2.78 USD
10% Downside
Average
Price Target
5.23 USD
69% Upside
Highest
Price Target
6.3 USD
104% Upside
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Dividends

Evolv Technologies Holdings Inc
does not pay dividends
Shareholder Yield

Current shareholder yield for EVLV is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
No dividends
Buyback Yield
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Average
Highest
Debt Paydown Yield
Lowest
Average
Highest

Ownership

EVLV Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Profile

Evolv Technologies Holdings Inc Logo
Evolv Technologies Holdings Inc

Country

United States of America

Industry

Electrical Equipment

Market Cap

486.6m USD

Dividend Yield

0%

Description

Evolv Technologies Holdings, Inc. engages in the manufacture and development of security screening products. The company is headquartered in Houston, Texas and currently employs 102 full-time employees. The company went IPO on 2020-02-29. The firm is a global artificial intelligence (AI)-based weapons detection for security screening. Its touchless security screening solutions use AI software, software as a service (SaaS) cloud services and advanced sensors to detect any weapons. The Company’s products include Evolv Express and Evolv Edge. Its Evolv Express product is a touchless security screening system designed to detect firearms, improvised explosive devices and tactical knives in unstructured people flows. Evolv Express supports a maximum screening throughput of over 3,600 people per hour. Evolv Edge product supports structured single-file people flows. The company provides maximum screening throughput of over 800 people per hour. Its subsidiaries include Evolv Technologies, Inc., Evolv Technology UK Ltd. and Give Evolv LLC.

Contact

TEXAS
Houston
12141 Wickchester Ln., Suite 325
+12126530153.0

IPO

2020-02-29

Employees

102

Officers

President, CEO & Director
Mr. Peter Gustav George
Chief Financial Officer
Mr. Mark Donohue
Chief Commercial Officer
Mr. Jay Muelhoefer
Co-Founder, Chief Innovation Officer & Director
Mr. Michael Philip Ellenbogen
Co-Founder & Chief Growth Officer
Mr. Anil R. Chitkara
Chief Scientist
Mr. Alec Rose
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General Counsel & Secretary
Mr. Eric J. Pyenson Esq.
Chief Marketing Officer
Ms. Courtney Cunnane
Head of People
Ms. Liza Knapp
Chief Product Officer
Mr. Parag Vaish
Show Less

See Also

Discover More
What is the Intrinsic Value of one EVLV stock?

The intrinsic value of one EVLV stock under the Base Case scenario is 3.55 USD.

Is EVLV stock undervalued or overvalued?

Compared to the current market price of 3.09 USD, Evolv Technologies Holdings Inc is Undervalued by 13%.

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