Added to YB: 2025-07-15
Pitch date: 2025-07-13
ZD [bearish]
Ziff Davis, Inc.
-10.5%
current return
Author Info
No bio for this author
Company Info
Ziff Davis, Inc., together with its subsidiaries, operates as a digital media and internet company in the United States and internationally.
Market Cap
$1.4B
Pitch Price
$32.58
Price Target
22.00 (-39%)
Dividend
N/A
EV/EBITDA
4.12
P/E
13.52
EV/Sales
1.24
Sector
Interactive Media and Services
Category
value
ZD Short Case: More Downside as Real FCF Collapses Under Capex Load
ZD short: PT $22 (-31%). Spent $2.6B 2019-25E on acquisitions, capex, and WC yet rev only up $400M and now declining organically due to web traffic drops. 65% is website publishing facing newspaper-like decline. Need $270-320M/yr capital + $45M stock comp to maintain low growth. True FCF only $40-90M/yr. Fair value ~$1B vs $1.5B current mcap.
Read full article (2 min)