Discounted Cash Flow

Verisign Inc./Ca

VRSN · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $1.1b $-141.5m $641.4m -12.4% $4.12
2017 $1.2b (2.0%) $-142.8m (-0.9%) $653.3m (1.9%) -12.3% (1.1%) $4.56 (10.7%)
2018 $1.2b (4.3%) $-148.0m (-3.7%) $660.8m (1.1%) -12.2% (0.6%) $5.13 (12.5%)
2019 $1.2b (1.4%) $612.3m (513.6%) $713.6m (8.0%) 49.7% (508.0%) $5.17 (0.8%)
2020 $1.3b (2.7%) $814.9m (33.1%) $686.8m (-3.8%) 64.4% (29.6%) $7.08 (36.9%)
2021 $1.3b (4.9%) $784.8m (-3.7%) $754.1m (9.8%) 59.1% (-8.2%) $7.01 (-1.0%)
2022 $1.4b (7.3%) $673.8m (-14.1%) $803.7m (6.6%) 47.3% (-20.0%) $6.24 (-11.0%)
2023 $1.5b (4.8%) $817.6m (21.3%) $808.0m (0.5%) 54.8% (15.8%) $7.91 (26.8%)
2024 $1.6b (4.3%) $785.7m (-3.9%) $874.5m (8.2%) 50.4% (-7.9%) $8.01 (1.3%)
2025 $1.7b (6.4%) $825.7m (5.1%) $1.1b (22.2%) 49.8% (-1.2%) $8.83 (10.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model