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NMS · Valuation Lab
VRSN
VeriSign, Inc.
Last$293.41
Market cap26.5B
EV/EBITDA23.4x
Intrinsic value
$194.98
MoS -50.5% · Overvalued
Assuming 45.0% FCF margin and 6.0% Y1–5 growth.
Upside to price
EV (DCF)18.9B
Terminal share64%
Expected IV$204.81
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 64% of EV
PV of stage FCFs6.9B
PV of terminal value12.1B
Enterprise value18.9B
Net cash / (debt)-1.3B
Equity value17.6B
Intrinsic value / share$194.98
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 1.8B | 814.7M | 758.3M | 93.1% |
| Y2 | 1.9B | 863.5M | 748.1M | 86.6% |
| Y3 | 2B | 915.4M | 738.1M | 80.6% |
| Y4 | 2.2B | 970.3M | 728.2M | 75.0% |
| Y5 | 2.3B | 1B | 718.4M | 69.9% |
| Y6 | 2.4B | 1.1B | 688.7M | 65.0% |
| Y7 | 2.4B | 1.1B | 660.3M | 60.5% |
| Y8 | 2.5B | 1.1B | 633M | 56.3% |
| Y9 | 2.6B | 1.2B | 606.8M | 52.4% |
| Y10 | 2.6B | 1.2B | 581.7M | 48.8% |
| Terminal | — | — | 12.1B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.