ZD - Ziff Davis, Inc.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$61.50
DETAILS
HIGH:
$75.00
LOW:
$48.00
MEDIAN:
$61.50
CONSENSUS:
$61.50
UPSIDE:
10.35%
AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
75% confidence
Primary model: Two-stage FCF DCF
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