Complete BZFD Stock Valuation Analysis
Comprehensive intrinsic value analysis using 5 different methodologies
BZFD DCF Analysis
BZFD (BuzzFeed, Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $436.7M | $252.7M | $189.9M | $170.9M | $153.8M | $138.4M | $124.6M | $112.1M |
| Revenue Growth % | - | -42.1% | -24.8% | -10.0% | -10.0% | -10.0% | -10.0% | -10.0% |
| EBIT | $-79.8M | $-39.8M | $-23.5M | $8.5M | $7.7M | $6.9M | $6.2M | $5.6M |
| EBIT Margin % | -18.3% | -15.8% | -12.4% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 25.0% | 25.0% | 25.0% | 21.6% | 21.9% | 22.2% | 22.6% | 22.9% |
| NOPAT | $-59.9M | $-29.9M | $-17.7M | $6.7M | $6.0M | $5.4M | $4.8M | $4.3M |
| NOPAT Margin % | -13.7% | -11.8% | -9.3% | 3.9% | 3.9% | 3.9% | 3.9% | 3.9% |
| Capex | $17.8M | $14.9M | $691.0K | $6.5M | $5.5M | $4.7M | $4.0M | $3.4M |
| Capex / Revenue % | 4.1% | 5.9% | 0.4% | 3.8% | 3.6% | 3.4% | 3.2% | 3.1% |
| Depreciation | $35.1M | $21.9M | $19.1M | $15.3M | $13.7M | $12.4M | $11.1M | $10.0M |
| D&A / Revenue % | 8.0% | 8.7% | 10.1% | 8.9% | 8.9% | 8.9% | 8.9% | 8.9% |
| Change in NWC | $-81.8M | $-170.7M | $99.1M | $1.3M | $962.6K | $693.0K | $499.0K | $359.3K |
| NWC Change / Revenue % | -18.7% | -67.6% | 52.2% | 0.8% | 0.6% | 0.5% | 0.4% | 0.3% |
| Unlevered FCF | $39.2M | $147.9M | $-98.3M | $14.2M | $13.3M | $12.3M | $11.4M | $10.5M |
| UFCF % Chg. | - | 277.2% | -166.4% | 114.4% | -6.4% | -7.0% | -7.4% | -7.8% |
| FCF / Revenue % | 9.0% | 58.5% | -51.7% | 8.3% | 8.6% | 8.9% | 9.2% | 9.4% |
| Discount Factor | - | - | - | 0.881 | 0.776 | 0.684 | 0.602 | 0.530 |
| Present Value of FCF | - | - | - | $12.5M | $10.3M | $8.4M | $6.9M | $5.6M |
| Sum of PV of UFCF | - | - | - | $12.5M | $22.8M | $31.2M | $38.1M | $43.7M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.4% |
| Tax Rate | 21.6% |
| After Tax Cost of Debt | 5.8% |
| Risk Free Rate | 4.37% |
| Market Risk Premium | 4.3% |
| Beta | 3.56 |
| Cost of Equity | 19.8% |
| Total Debt | $62.7M |
| Market Cap | $77.7M |
| Total Capital | $140.5M |
| Debt Weighting | 44.7% |
| Equity Weighting | 55.3% |
| WACC | 13.5% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $10.5M |
| Terminal Value | $97.9M |
| PV of Terminal Value | $51.9M |
| Cumulative PV of UFCF | $43.7M |
| Net Debt | $24.1M |
| Equity Value | $71.5M |
| Shares Outstanding | 37.4M |
| Implied Share Price | $2 |
| Current Share Price | $2 |
| Implied Upside/(Downside) | -8.5% |
Valuation Summary
$1.91
Implied Price
$2.09
Current Price
-8.5%
Upside/Downside
13.5%
WACC
BZFD Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 8 peer companies in Communication Services
P/E Ratio
$4.46
+113.2%
Peer Median: 13.3x
EV/EBITDA
$0.00
-100.0%
Peer Median: 13.7x
P/S Ratio
$6.67
+218.9%
Peer Median: 1.4x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for BZFD's business model and current situation.
Multiple Comparison
| Multiple | BZFD Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | 6.2x | 13.3x | 12.7x | -53.1% | Undervalued |
| EV/EBITDA | Infinityx | 13.7x | 13.2x | Infinity% | Overvalued |
| P/S Ratio | 0.4x | 1.4x | 1.9x | -68.6% | Undervalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.15B | 13.3x | 8.2x | 1.8x | |
| $0.12B | 0.0x | 0.0x | 0.7x | |
| $0.11B | 0.0x | 0.0x | 4.0x | |
| $0.12B | 0.0x | 17.7x | 0.9x | |
| $0.08B | 6.2x | 0.0x | 0.4x | |
| $0.05B | 0.0x | 0.0x | 0.6x | |
| $0.05B | 0.0x | 0.0x | 1.4x | |
| $2049.44B | 18.6x | 13.7x | 5.7x |
BZFD Graham Number
Benjamin Graham's conservative valuation formula for defensive investors
Input Data
| EPS (TTM) | $0.34 | Latest 10-K |
| Book Value per Share | $2.80 | Latest 10-K Balance Sheet |
| Graham Constant | 22.5 | Benjamin Graham's formula |
Graham Number Result
$4.60
Intrinsic Value
$2.09
Current Price
+119.9%
Upside/Downside
Confidence: High
Conservative value investing approach
Calculation Breakdown
Formula:
√(22.5 × EPS × BVPS)
Step 1: Multiply constant by EPS
22.5 × 0.34 = 7.54
Step 2: Multiply by Book Value per Share
7.54 × 2.80 = 21.13
Step 3: Take square root
√21.13 = 4.60
Graham Number Result:
$4.60
BZFD Graham Intrinsic Value
Growth-adjusted intrinsic value with two formula variants
Formula Selection
V = EPS × (8.5 + 2g)
Graham's original P/E shortcut for growth, no interest-rate adjustment
V = [EPS × (8.5 + 2g) × 4.4] / Y
Graham's 1974 refinement: adds rate-environment sensitivity
Active Formula: Base-Growth
0.34 × (8.5 + 2 × 8.0%)
Input Data & Growth Assumptions
Current EPS (TTM)$0.34
Latest 10-K • 2024-12-31T00:00:00
No positive historical growth rates available.
Graham's formula is designed for growing companies. Use the custom input below with a conservative positive growth estimate (5-10%).
Custom
%
Enter a positive growth rate estimate (0-50%)
Graham Intrinsic Value Result
$8.21
Intrinsic Value
$2.09
Current Price
+292.8%
Upside/Downside
Base Formula
Growth: 8.0%
BZFD Peter Lynch Fair Value
Growth-based valuation using PEG ratio analysis for growth stocks
Fair Value Calculation
EPS (TTM)$0.34
Latest 10-K • 2024-12-31T00:00:00
No positive historical growth rates available. Using custom growth rate slider.
10.0%
1%50%
Fair Value Formula: EPS × Growth Rate
$0.34 × 10.0% = $3.35
$3.35
Fair Value
$2.09
Current Price
+60.3%
Upside/Downside
PEG Analysis
6.2x
Current P/E
10.0%
Growth Rate
0.62
PEG Ratio (P/E ÷ Growth Rate)
Undervalued
PEG Ratio Interpretation:
• PEG < 1.0: Undervalued (growth exceeds P/E)
• PEG = 1.0: Fairly valued (ideal Lynch ratio)
• PEG > 1.5: Overvalued (paying premium for growth)
Peter Lynch's Rule:
"The P/E ratio of any company that's fairly priced will equal its growth rate." A stock with 15% growth should trade at a P/E of 15 (PEG = 1.0).