Financials Ziff Davis, Inc.

Equities

ZD

US48123V1026

Internet Services

Market Closed - Nasdaq 21:00:00 31/05/2024 BST 5-day change 1st Jan Change
57.61 USD +1.48% Intraday chart for Ziff Davis, Inc. +3.67% -14.26%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,567 4,454 5,346 3,733 3,090 2,657 - -
Enterprise Value (EV) 1 4,567 5,790 5,512 4,021 3,353 2,691 2,566 2,413
P/E ratio 21.3 x 30.7 x 10.7 x 58.2 x 75.5 x 17.2 x 14.6 x 12 x
Yield 0.96% - - - - - - -
Capitalization / Revenue 3.33 x 2.99 x 3.86 x 2.68 x 2.27 x 1.86 x 1.77 x 1.67 x
EV / Revenue 3.33 x 3.89 x 3.99 x 2.89 x 2.46 x 1.88 x 1.71 x 1.51 x
EV / EBITDA 8.3 x 9.4 x 11.1 x 7.93 x 6.95 x 5.3 x 4.78 x 4.18 x
EV / FCF 13.4 x 14.9 x 13.7 x 17.5 x 15.9 x 12.4 x 10.1 x 9.54 x
FCF Yield 7.49% 6.69% 7.29% 5.73% 6.3% 8.04% 9.89% 10.5%
Price to Book - 3.58 x 2.68 x 2.18 x 1.65 x 1.28 x 1.15 x 1.04 x
Nbr of stocks (in thousands) 48,730 45,592 48,221 47,192 45,985 46,128 - -
Reference price 2 93.71 97.69 110.9 79.10 67.19 57.61 57.61 57.61
Announcement Date 10/02/20 11/02/21 15/02/22 15/02/23 21/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,372 1,490 1,383 1,391 1,364 1,430 1,501 1,594
EBITDA 1 550.2 615.7 498.7 507.2 482.3 507.4 537.2 577.5
EBIT 1 500.6 555.3 434.8 431.8 390.9 414 435.6 410.7
Operating Margin 36.49% 37.28% 31.44% 31.04% 28.66% 28.94% 29.01% 25.77%
Earnings before Tax (EBT) 1 199.6 230.4 335.8 131.2 74.97 223.9 267.7 253.6
Net income 1 218.8 150.7 495.1 63.76 41.5 145.9 177.8 223.8
Net margin 15.95% 10.11% 35.79% 4.58% 3.04% 10.2% 11.84% 14.04%
EPS 2 4.390 3.180 10.33 1.360 0.8900 3.358 3.957 4.799
Free Cash Flow 1 342 387.5 401.8 230.3 211.2 216.5 253.7 253
FCF margin 24.92% 26.02% 29.05% 16.56% 15.49% 15.13% 16.9% 15.88%
FCF Conversion (EBITDA) 62.15% 62.95% 80.58% 45.4% 43.8% 42.67% 47.23% 43.81%
FCF Conversion (Net income) 156.28% 257.21% 81.16% 361.2% 508.96% 148.42% 142.71% 113.03%
Dividend per Share 2 0.9000 - - - - - - -
Announcement Date 10/02/20 11/02/21 15/02/22 15/02/23 21/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 408.6 315.1 337.4 341.9 396.7 307.1 326 341 389.9 314.5 334.1 358.5 423.5 328 350.9
EBITDA 1 161.6 100.8 118 120.1 168.3 94.33 106.7 113.7 167.6 100.8 103.7 122.7 180 103.9 115.5
EBIT 1 144.9 83.22 100.1 100.8 147.6 73.22 83.74 91.02 142.9 78.72 84.27 97.97 153 80.36 93.08
Operating Margin 35.46% 26.41% 29.66% 29.49% 37.22% 23.84% 25.69% 26.69% 36.66% 25.03% 25.22% 27.33% 36.12% 24.5% 26.52%
Earnings before Tax (EBT) 1 355.9 30.4 -30.28 39.48 91.56 0.939 23.71 -25.73 76.05 19.5 36 59.88 108.5 46.8 57.1
Net income 1 358.9 24.54 -46.44 18.18 67.47 -7.627 16.68 -30.97 63.42 10.63 23.77 35.58 71.94 20.15 29.31
Net margin 87.83% 7.79% -13.76% 5.32% 17.01% -2.48% 5.12% -9.08% 16.27% 3.38% 7.11% 9.93% 16.99% 6.14% 8.35%
EPS 2 7.390 0.5100 -0.9900 0.3900 1.340 -0.1600 0.3600 -0.6700 1.290 0.2300 0.5870 0.8342 1.713 0.4450 0.6850
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 15/02/22 10/05/22 09/08/22 08/11/22 15/02/23 09/05/23 03/08/23 08/11/23 21/02/24 08/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 1,336 167 288 264 33.5 - -
Net Cash position 1 - - - - - - 91.7 244
Leverage (Debt/EBITDA) - 2.17 x 0.334 x 0.5675 x 0.5467 x 0.0661 x - -
Free Cash Flow 1 342 388 402 230 211 216 254 253
ROE (net income / shareholders' equity) 18.6% 11.9% - 16.2% 15.2% 11.6% 11.7% 11.4%
ROA (Net income/ Total Assets) - 4.2% - 8.56% 8.21% 8.22% 8.12% 8.73%
Assets 1 - 3,586 - 744.8 505.8 1,773 2,190 2,563
Book Value Per Share 2 - 27.30 41.30 36.30 40.70 45.10 49.90 55.40
Cash Flow per Share - - - - - - - -
Capex 1 70.6 92.6 114 106 109 112 114 122
Capex / Sales 5.14% 6.21% 8.22% 7.63% 7.97% 7.83% 7.59% 7.66%
Announcement Date 10/02/20 11/02/21 15/02/22 15/02/23 21/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
57.61 USD
Average target price
76.25 USD
Spread / Average Target
+32.36%
Consensus
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  4. Financials Ziff Davis, Inc.