$6.05
-7.4%LegalZoom.com, Inc. operates an online platform for legal and compliance solutions in the United States. The company's platform offers products and services, including business formations, creating estate planning documents, protecting intellectual property, completing certain forms and agreements, providing access to independent attorney advice, and connecting customers with experts for tax preparation and bookkeeping services. It serves small businesses and individuals. LegalZoom.com, Inc. was incorporated in 1999 and is headquartered in Glendale, California.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $263.7M | $390.3M | $577.7M | $855.1M | $1.3B | $1.9B | $2.8B | $4.1B | $6.1B | $9.0B |
| Maintenance CapEx | -$9.0M | -$13.3M | -$19.6M | -$29.1M | -$43.0M | -$63.6M | -$94.2M | -$139.4M | -$206.4M | -$305.4M |
| Owner Earnings | $254.8M | $377.1M | $558.1M | $826.0M | $1.2B | $1.8B | $2.7B | $4.0B | $5.9B | $8.7B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $235.9M | $323.3M | $443.0M | $607.1M | $832.0M | $1.1B | $1.6B | $2.1B | $2.9B | $4.0B |
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.