ABCDEFGHIJKLMNOPQRSTUVWXYZ
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VeriSign ($VRSN)=
Cells to update / Change
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012345
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202520262027202820292030
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Number of Domains169.5169.33169.16168.99168.82168.65(Millions)
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Average Domain Rate $ 9.51 $9.51 $10.17 $10.89 $11.65 $12.46
(No increases allowed in 2025/2026, possibility of 7% each year after)
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Free Cash Flow Margin55%
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Domain Growth/Decline Rate-0.10%Revenues$1,611,800,000.00 $1,610,188,200.00 $1,721,178,472.63 $1,839,819,304.74 $1,966,638,049.42 $2,102,198,410.17
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Average Domain Price Increase (2027-2030)7.00%Free Cash Flow$886,490,000.00 $885,603,510.00 $946,648,159.94 $1,011,900,617.61 $1,081,650,927.18 $1,156,209,125.59
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Shares Outstanding Decline Rate-3.00%Shares Outstanding 96,000,000 93,120,000 90,326,400 87,616,608 84,988,110 82,438,466
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Current Stock Price $235 Free Cash Flow Per Share $ 9.23 $ 9.51 $ 10.48 $ 11.55 $ 12.73 $ 14.03
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Current P/FCF24FCF Per Share Growth Rate2.99%10.20%10.20%10.20%10.20%
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Assumed 2030 P/FCF24
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Estimated Internal Rate of Return7.45%($235) - - - - $ 336.60
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Fair Value $ 229.09
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(For Reference)
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Growth Rate
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2020 Avg Domain Rate $ 7.66
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2021 Avg Domain Rate $ 7.66 -0.02%
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2022 Avg Domain Rate $ 8.20 7.08%
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2023 Avg Domain Rate $ 8.69 5.94%
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2024 Avg Domain Rate $ 9.09 4.71%
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2025 Avg Estimated Domain Rate $ 9.51 4.56%
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