VERISIGN. INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 175.5 USD | -3.94% |
|
-4.69% | -14.80% |
| Apr. 26 | Well, it isn't as bad as feared... |  |
| Apr. 26 | Citigroup Adjusts Price Target on VeriSign to $215 From $236 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 22,622 | 24,693 | 28,194 | 21,780 | 21,029 | 17,478 | - | - |
| Enterprise Value (EV) 1 | 23,192 | 25,317 | 28,194 | 21,780 | 21,892 | 18,261 | 17,984 | 17,478 |
| P/E ratio | 37.4 x | 30.6 x | 36.3 x | 32.9 x | 26.1 x | 21.9 x | 19.8 x | 18.5 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 18.4 x | 19.5 x | 21.2 x | 15.3 x | 14.1 x | 11.2 x | 10.4 x | 10.2 x |
| EV / Revenue | 18.8 x | 20 x | 21.2 x | 15.3 x | 14.7 x | 11.7 x | 10.7 x | 10.2 x |
| EV / EBITDA | 25.7 x | 27.6 x | 30.8 x | 22 x | 21 x | 15.8 x | 14.6 x | 14.1 x |
| EV / FCF | 32.5 x | 36.9 x | 37.4 x | 27.1 x | 27.1 x | 20 x | 18.5 x | - |
| FCF Yield | 3.08% | 2.71% | 2.67% | 3.69% | 3.69% | 5% | 5.4% | - |
| Price to Book | -15.3 x | -17.7 x | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 117,409 | 114,110 | 111,078 | 106,016 | 102,100 | 99,600 | - | - |
| Reference price 2 | 192.7 | 216.4 | 253.8 | 205.4 | 206.0 | 175.5 | 175.5 | 175.5 |
| Announcement Date | 2/6/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,232 | 1,265 | 1,328 | 1,425 | 1,493 | 1,565 | 1,675 | 1,719 |
| EBITDA 1 | 903.1 | 918.8 | 914.7 | 990 | 1,045 | 1,159 | 1,232 | 1,243 |
| EBIT 1 | 856.8 | 824.2 | 866.8 | 943.1 | 1,001 | 1,055 | 1,141 | 1,161 |
| Operating Margin | 69.56% | 65.15% | 65.29% | 66.19% | 67.01% | 67.38% | 68.12% | 67.57% |
| Earnings before Tax (EBT) 1 | 758.8 | 750.2 | 782.2 | 880.2 | 976.5 | 1,021 | 1,127 | 1,158 |
| Net income 1 | 612.3 | 814.9 | 784.8 | 673.9 | 817.6 | 795.3 | 866.9 | 877.8 |
| Net margin | 49.71% | 64.42% | 59.12% | 47.29% | 54.76% | 50.81% | 51.77% | 51.08% |
| EPS 2 | 5.150 | 7.070 | 7.000 | 6.240 | 7.900 | 7.998 | 8.859 | 9.497 |
| Free Cash Flow 1 | 713.6 | 686.8 | 754.1 | 803.7 | 808 | 912.5 | 970.5 | - |
| FCF margin | 57.94% | 54.29% | 56.8% | 56.4% | 54.12% | 58.29% | 57.95% | - |
| FCF Conversion (EBITDA) | 79.02% | 74.75% | 82.44% | 81.18% | 77.34% | 78.73% | 78.74% | - |
| FCF Conversion (Net income) | 116.54% | 84.28% | 96.09% | 119.26% | 98.83% | 114.73% | 111.95% | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/6/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
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 | 340.3 | 346.9 | 351.9 | 356.9 | 369.2 | 364.4 | 372 | 376.3 | 380.4 | 384.3 | 386.9 | 394.3 | 401.7 | 405 | 411.6 |
| EBITDA 1 | - | 236.7 | - | - | - | - | - | - | 266.7 | 268.7 | 296 | 305.4 | 310.7 | - | - |
| EBIT 1 | 222.1 | 224.8 | 236 | 236.8 | 245.5 | 241.3 | 248.7 | 254.3 | 256.3 | 258.9 | 260.7 | 267.6 | 270.4 | 272.6 | 278.3 |
| Operating Margin | 65.27% | 64.8% | 67.06% | 66.35% | 66.5% | 66.22% | 66.85% | 67.58% | 67.38% | 67.37% | 67.38% | 67.86% | 67.32% | 67.3% | 67.63% |
| Earnings before Tax (EBT) 1 | - | 206.3 | 218.7 | - | - | - | - | - | 251.6 | 254 | 251.3 | 260.4 | 265.3 | - | - |
| Net income 1 | - | 157.5 | 167.3 | - | - | - | - | - | 264.7 | 194.1 | 194.8 | 201.8 | 205.6 | - | - |
| Net margin | - | 45.4% | 47.54% | - | - | - | - | - | 69.58% | 50.51% | 50.34% | 51.18% | 51.18% | - | - |
| EPS 2 | 2.970 | 1.430 | 1.540 | 1.580 | 1.700 | 1.700 | 1.790 | 1.830 | 2.600 | 1.920 | 1.940 | 2.000 | 2.020 | 2.090 | 2.150 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/10/22 | 4/28/22 | 7/28/22 | 10/27/22 | 2/9/23 | 4/27/23 | 7/27/23 | 10/26/23 | 2/8/24 | 4/25/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 570 | 623 | - | - | 864 | 783 | 506 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.6306 x | 0.6783 x | - | - | 0.8268 x | 0.6756 x | 0.4106 x | - |
| Free Cash Flow 1 | 714 | 687 | 754 | 804 | 808 | 913 | 971 | - |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | 32.5% | 45% | 41.9% | 36.3% | 47% | 44.8% | 48.8% | 51.2% |
| Assets 1 | 1,884 | 1,810 | 1,875 | 1,859 | 1,741 | 1,775 | 1,776 | 1,714 |
| Book Value Per Share | -12.60 | -12.30 | - | - | - | - | - | - |
| Cash Flow per Share | 6.340 | 6.330 | 7.200 | 7.700 | 8.250 | - | - | - |
| Capex 1 | 40.3 | 43.4 | 53 | 27.4 | 45.8 | 40.2 | 42.1 | 42.1 |
| Capex / Sales | 3.27% | 3.43% | 3.99% | 1.92% | 3.07% | 2.57% | 2.51% | 2.45% |
| Announcement Date | 2/6/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
1USD in Million
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-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
175.5
USD
Average target price
219.2
USD
Spread / Average Target
+24.89%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.80% | 17.48B | |
| -12.23% | 194B | |
| +0.74% | 166B | |
| +2.19% | 153B | |
| +4.34% | 99.85B | |
| +7.04% | 77.56B | |
| +19.09% | 73.55B | |
| -7.30% | 71B | |
| -20.54% | 52.81B | |
| +0.53% | 47.86B |
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