VeriSign Inc (VRSN) Files 10-K for the Fiscal Year Ended on December 31, 2017
- By insider
VeriSign Inc (VRSN) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. VeriSign Inc is a part of the internet content industry. It provides domain name registry and internet security for websites and enterprises around the world. VeriSign Inc has a market cap of $11.76 billion; its shares were traded at around $120.55 with a P/E ratio of 32.67 and P/S ratio of 12.85. VeriSign Inc had annual average EBITDA growth of 27.70% over the past ten years. GuruFocus rated VeriSign Inc the business predictability rank of 4-star.
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The intrinsic value of VRSN
For the last quarter VeriSign Inc reported a revenue of $295.5 million, compared with the revenue of $286.3 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.2 billion, an increase of 2% from last year. For the last five years VeriSign Inc had an average revenue growth rate of 5.9% a year.
The reported diluted earnings per share was $3.68 for the year, an increase of 7.6% from previous year. Over the last five years VeriSign Inc had an EPS growth rate of 9.7% a year. The VeriSign Inc enjoyed an operating margin of 60.74%, compared with the operating margin of 60.11% a year before. The 10-year historical median operating margin of VeriSign Inc is 53.54%. The profitability rank of the company is 10 (out of 10).
At the end of the fiscal year, VeriSign Inc has the cash and cash equivalents of $465.9 million, compared with $231.9 million in the previous year. The long term debt was $1.8 billion, compared with $1.2 billion in the previous year. The interest coverage to the debt is 5.2. VeriSign Inc has a financial strength rank of 3 (out of 10).
At the current stock price of $120.55, VeriSign Inc is traded at 49.1% premium to its historical median P/S valuation band of $80.86. The P/S ratio of the stock is 12.85, while the historical median P/S ratio is 8.62. The intrinsic value of the stock is $39.49 a share, according to GuruFocus DCF Calculator. The stock gained 40.43% during the past 12 months.
For the complete 20-year historical financial data of VRSN, click here.
This article first appeared on GuruFocus.
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The intrinsic value of VRSN
