Ziff Davis, Inc. logo ZD - Ziff Davis, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $61.50 DETAILS
HIGH: $75.00
LOW: $48.00
MEDIAN: $61.50
CONSENSUS: $61.50
UPSIDE: 10.35%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 75% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Strong
Trading 54.2% below fair value
Current Price $55.73
Bear Case $96.76 73.6% upside ($96.76 - $55.73) / $55.73 = 73.6% 4% stage 1 growth, 11% discount
Fair Value $121.58 118.2% upside ($121.58 - $55.73) / $55.73 = 118.2% 7% stage 1 growth, 11% discount
Bull Case $144.25 158.8% upside ($144.25 - $55.73) / $55.73 = 158.8% 9% stage 1 growth, 11% discount

Adjust Assumptions

7.2%
11.0%
3.0%

Key Value Driver

FCF growth rate (7% base case)

Terminal Value % of EV 37%
Implied Market Multiple 8.6x
Market is pricing in (growth) -2.6% vs our 7.2% base

Plain-Language Summary

Using a two-stage FCF DCF with 7% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $121.58 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (13 analysts) $61.50
Analyst Range $48.00 – $75.00
Divergence from AlphaVal 98%

Warnings

Stock-based employee pay equals 95% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $61.50 (from 13 analysts). Our estimate is 98% above the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions