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: 6.24%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 75% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Strong
Trading 55.7% below fair value
Current Price $57.89
Bear Case $103.96 79.6% upside ($103.96 - $57.89) / $57.89 = 79.6% 4% stage 1 growth, 11% discount
Fair Value $130.62 125.6% upside ($130.62 - $57.89) / $57.89 = 125.6% 7% stage 1 growth, 11% discount
Bull Case $154.98 167.7% upside ($154.98 - $57.89) / $57.89 = 167.7% 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 8.4x
Market is pricing in (growth) -3.1% 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 $130.62 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 112%

Warnings

⚠ Stock-based employee pay equals 95% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
ℹ Wall Street's average price target is $61.50 (from 13 analysts). Our estimate is 112% 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