Technology · Computer Hardware · NYSE · United States
$123.33+1.76%
Market cap $22.4BNext earnings 2026-08-26Updated Oct 24, 2026
Our verdict
Trades 105% above our fair value
Price
$123.33
Model fair valueConfidence: medium
$60.13
Only one of our models could value this stock with confidence, so use it as a guide.
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Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionEverpure Inc. Class A common stock (P)
Fair value (2 models)
Not available
ACCE price target
$99.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 18 Oct 2026, 01:52 CEST; previously $135 since 3 Oct 2026, 00:00 CEST.
Price used: $123 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
67
out of 100
Analysts
71% buy
21 covering
P/E
123.3x
forward 30.2x
1-year return
+31.7%
Dividend yield
0.00%
Everpure Inc. Class A common stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Everpure sells all-flash enterprise storage arrays and the software that runs on them, selling into data centres where storage demand keeps compounding with AI and analytics workloads. Its moat rests on a 70.4% gross margin, which is unusually high for hardware and suggests customers pay for the software and support layered on top of the boxes. Revenue is growing 20.4%, and forward earnings at 36.9 times, against a trailing multiple of 212.8, indicate the market is pricing a sharp step-up in profitability rather than current earnings. The operating margin of -18.4% means that step-up has not yet arrived, so the thesis depends on operating leverage materialising as revenue scales. With a $51.8B market cap and no index membership, the name merits a deeper look to test whether that margin conversion is credible.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Negative free cash flow
FCF is -$114.4M despite 37.7% revenue growth and 50% earnings growth. Cash burn at this scale raises sustainability concerns.
high
Valuation disconnect from ACCE fair value
Current price $154.49 is 14% above ACCE fair value of $135.00. Trailing P/E of 211.6 is extreme relative to 5.9% net margin.
moderate
Heavy insider selling
Last 10 disclosures show $63.13M in insider sales and $0 in buys. Selling at elevated valuation warrants attention.
AI research notes
AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-07-31 · prices to Oct 23, 2026
Why it could do well
Revenue growth of 37.7% year over year shows Everpure is executing at an exceptional pace in a competitive technology sector.
Return on equity of 17.7% and return on invested capital of 10.4% demonstrate the company generates real returns on shareholder and total capital deployed.
A lean balance sheet with debt to equity of only 0.15 gives Everpure financial flexibility to invest in growth or weather downturns.
Why it could disappoint
The trailing P/E of 211.6x is indefensible even for a growth stock and leaves no margin of safety for any earnings disappointment.
Everpure burned 114 million dollars in free cash flow over the last twelve months, meaning growth is not yet self-funding.
Consensus fair value sits 50.2% below the current share price, with 2 of 3 valuation models agreeing on that gap.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
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Valuation
INVESTOR
Where P's valuation models land
Price
$123.33
Model fair valueConfidence: medium
$60.13
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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