Ziff Davis Inc Dossier
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SectorCommunication Services IndustryAdvertising Agencies Beta (adjusted)1.06 Intrinsic Value $136.05median of 5 methods · middle span $59-$154based on filings through 30 Jun 2026 Market Price $56.69Price as of 30 Sep 2026 Significantly undervaluedIntrinsic value is 140% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (+140%) Data confidence Sign in to view data confidence Market Cap $1.9B Enterprise Value $1.2B Shares Outstanding 35.8M diluted Moat Rating None Next Earnings Date6 Nov 2026 Last ex-dividend17 May 2019 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Ziff Davis is undergoing a significant strategic transition, highlighted by the pending sale of its Connectivity division for $1.2 billion and a comprehensive strategic review to unlock shareholder value. While the company's portfolio remains highly cash-generative (producing nearly $290 million in free cash flow in 2025) and trades at historically low multiples, near-term performance is heavily pressured by headwinds in the Technology & Shopping segment due to Google algorithm changes and digital advertising softness. A 'Hold' rating is prudent as the market awaits the completion of the Connectivity sale, the outcome of the strategic review, and clearer signs of stabilization in organic traffic and advertising revenues. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$59.00 Mean target$64.40 High · most bullish analyst$75.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $59.0020% The Connectivity divestiture faces regulatory or execution delays, and Google algorithm changes continue to severely impair organic traffic and affiliate commerce revenues in the Tech & Shopping segment. Margin compression accelerates, and the company's deferred 2026 guidance is met with further downward revisions from analysts. Base CaseCentral scenario $64.4055% Matches the consensus meanThe Connectivity sale is completed, and proceeds are balanced between debt paydown and steady share repurchases. Tech & Shopping headwinds persist through the first half of 2026 but show gradual improvement in the second half, while Gaming & Entertainment and Health & Wellness continue to deliver steady mid-single-digit growth. Bull CaseUpside scenario $75.0025% The Connectivity sale closes successfully, providing substantial liquidity to aggressively buy back undervalued shares (management repurchased over 10% of outstanding shares in 2025) and pursue high-IRR M&A. Additionally, rapid stabilization in the Tech & Shopping segment combined with high-margin AI content licensing agreements drives a significant upward re-rating. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |