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DCF Valuation
Base-case fair value
$93.22
Intrinsic $124.29 · 25% MOS
Current price: $45.81
Base-case summary
Our base-case DCF for Ziff Davis, Inc. (ZD) projects 10 years of free cash flow growth at 2.0% for years 1–5 and 1.0% for years 6–10, anchored to a default 8% growth assumption, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $290M in trailing free cash flow, this produces an intrinsic value of $124.29 per share. A 25% safety margin gives a fair value of $93.22, suggesting the stock is currently 103% undervalued against the $45.81 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$290M
Cash & equivalents
$520M
Total debt
$867M
Shares outstanding
38M