Evercore Inc (EVR) vs XP Inc. (XP)

Evercore Inc and XP Inc. are both Capital Markets companies. Evercore Inc and XP Inc. are of similar size ($10.6B and $9.9B). XP Inc. trades at the lower P/E: 10.6× against 13.7×. Evercore Inc grew revenue faster over the last twelve months: 45.7% against 18.2%. XP Inc. has the higher net margin (27.8% vs 15.7%) and the lower return on invested capital (20.5% vs 45.8%). Both pay a dividend; XP Inc. yields more (3.47% vs 1.79%). Across the 23 metrics below, XP Inc. leads on 16 and Evercore Inc on 7.

Valuation

Metric EVR XP Capital Markets median
P/E 13.69 10.63 15.78
P/S 2.14 2.91 2.32
P/B 4.66 2.14 1.89
Price to free cash flow 6.25 4.47 6.25
EV/EBITDA 8.65 7.28 8.87
EV/Sales 2.00 2.58 2.28
Earnings yield 7.30% 9.41% (3.77%)
Free cash flow yield 16.01% 22.36% (1.49%)

Profitability

Metric EVR XP Capital Markets median
Gross margin 99.74% 100.00% 62.80%
Operating margin 22.57% 33.63% 0.00%
Net margin 15.71% 27.84% (0.55%)
Free cash flow margin 34.29% 65.15% 0.00%
Return on equity 36.37% 22.76% 0.00%
Return on assets 17.76% 1.37% 0.00%
Return on invested capital 45.75% 20.52% 0.00%

Growth

Metric EVR XP Capital Markets median
Revenue growth (TTM) 45.68% 18.17% 21.02%
EPS growth (last fiscal year) 54.74% 13.73% —
Revenue growth, 5-year CAGR 11.17% 15.82% 18.16%
Net income growth, 5-year CAGR 11.04% 18.11% 0.00%

Health

Metric EVR XP Capital Markets median
Debt to equity 0.25 0.07 0.08
Current ratio 2.47 4.80 1.51
Net debt to EBITDA (1.00) (1.52) (0.24)

Dividend

Metric EVR XP Capital Markets median
Dividend yield 1.79% 3.47% 2.20%
Payout ratio 0.34 0.00 0.00

Size

Metric EVR XP Capital Markets median
Market cap 9.88b 10.61b 724.58m

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