Complete IZEA Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
IZEA DCF Analysis
IZEA (IZEA Worldwide, 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 | $41.1M | $36.2M | $35.9M | $39.4M | $42.9M | $46.3M | $49.6M | $52.8M |
| Revenue Growth % | - | -11.9% | -0.9% | 9.8% | 8.8% | 8.0% | 7.2% | 6.4% |
| EBIT | $-5.6M | $-9.9M | $-19.5M | $2.0M | $2.1M | $2.3M | $2.5M | $2.6M |
| EBIT Margin % | -13.7% | -27.3% | -54.3% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| NOPAT | $-4.2M | $-7.4M | $-14.6M | $1.5M | $1.6M | $1.7M | $1.9M | $2.0M |
| NOPAT Margin % | -10.3% | -20.5% | -40.7% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% |
| Capex | $1.6M | $131.7K | $864.0K | $754.4K | $780.1K | $800.1K | $814.5K | $823.6K |
| Capex / Revenue % | 3.8% | 0.4% | 2.4% | 1.9% | 1.8% | 1.7% | 1.6% | 1.6% |
| Depreciation | $828.2K | $0 | $1.2M | $689.0K | $750.0K | $809.7K | $867.6K | $923.6K |
| D&A / Revenue % | 2.0% | 0.0% | 3.2% | 1.7% | 1.7% | 1.7% | 1.7% | 1.7% |
| Change in NWC | $-34.4M | $11.7M | $-162.5K | $-89.2K | $-77.7K | $-67.1K | $-57.5K | $-49.0K |
| NWC Change / Revenue % | -83.8% | 32.4% | -0.5% | -0.2% | -0.2% | -0.1% | -0.1% | -0.1% |
| Unlevered FCF | $29.5M | $-19.3M | $-14.2M | $1.5M | $1.7M | $1.8M | $2.0M | $2.1M |
| UFCF % Chg. | - | -165.4% | 26.6% | 110.6% | 10.3% | 9.5% | 8.7% | 8.0% |
| FCF / Revenue % | 71.8% | -53.2% | -39.4% | 3.8% | 3.9% | 3.9% | 4.0% | 4.0% |
| Discount Factor | - | - | - | 0.911 | 0.831 | 0.757 | 0.690 | 0.629 |
| Present Value of FCF | - | - | - | $1.4M | $1.4M | $1.4M | $1.4M | $1.3M |
| Sum of PV of UFCF | - | - | - | $1.4M | $2.7M | $4.1M | $5.5M | $6.8M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.4% |
| Tax Rate | 25.0% |
| After Tax Cost of Debt | 5.5% |
| Risk Free Rate | 4.37% |
| Market Risk Premium | 4.3% |
| Beta | 1.24 |
| Cost of Equity | 9.7% |
| Total Debt | $63.4K |
| Market Cap | $49.1M |
| Total Capital | $49.1M |
| Debt Weighting | 0.1% |
| Equity Weighting | 99.9% |
| WACC | 9.7% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $2.1M |
| Terminal Value | $30.2M |
| PV of Terminal Value | $19.0M |
| Cumulative PV of UFCF | $6.8M |
| Net Debt | $-44.6M |
| Equity Value | $70.4M |
| Shares Outstanding | 17.1M |
| Implied Share Price | $4 |
| Current Share Price | $3 |
| Implied Upside/(Downside) | +42.3% |
Valuation Summary
$4.13
Implied Price
$2.90
Current Price
+42.3%
Upside/Downside
9.7%
WACC
IZEA Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 7 peer companies in Communication Services
P/E Ratio
$-20.71
-814.0%
Peer Median: 18.6x
EV/EBITDA
$0.00
-100.0%
Peer Median: 17.7x
P/S Ratio
$1.82
-37.3%
Peer Median: 0.9x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for IZEA's business model and current situation.
Multiple Comparison
| Multiple | IZEA Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -2.6x | 18.6x | 12.4x | -114.0% | Undervalued |
| EV/EBITDA | Infinityx | 17.7x | 21.5x | Infinity% | Overvalued |
| P/S Ratio | 1.4x | 0.9x | 1.9x | 59.6% | Overvalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $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 | |
| $0.03B | 0.0x | 33.2x | 0.1x | |
| $2049.44B | 18.6x | 13.7x | 5.7x |