VeriSign Inc. VRSN

Name: VRSN Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 14, 2026

Price at analysis: $251.54

Crucible Score

56.0

Quality × Value Composite

KQI — Quality

60.6

C+

Fundamental Quality Index

KVI — Value

50.4

C-

Valuation Attractiveness Index

Crucible Verdict — VRSN

VeriSign Inc. (VRSN) commands an exceptional market position with a score of 92, reflecting its dominant control over .com and .net domain registrations, but suffers from anemic growth prospects that earn just a 38 rating. The stock trades at $252 versus a $268 fair value, offering modest upside despite the company's defensive moat. VRSN's future depends on stabilizing domain growth trends amid market saturation.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

59.0

Growth Profile⚠

38.5

Moat Durability

74.7

Management Effectiveness

51.1

Diversification & Resilience

51.5

Market Position

92.0

Weakest dimension: Growth Profile (38.5)

◆ KVI Value Dimensions

DCF Margin of Safety

62.4

FCF Yield & Cash Returns

52.6

Relative Valuation

49.3

Growth-Adjusted Value

25.5

Historical Valuation

46.1

Macro Context

64.6

◆ DCF Valuation Scenarios

Bear Case

$196.42

Base Case

$268.15

Bull Case

$362.78

Price at Analysis

$251.54

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$196.42	4.5%	64.0%	9.3%
🟢 Base	$268.15	5.5%	67.0%	8.5%
🟢 Bull	$362.78	7.0%	70.0%	7.8%

Key Assumptions: VRSN is a highly predictable domain registry business with contracted pricing power under ICANN/DOC agreements allowing ~7% annual .com price increases through 2030. Historical revenue CAGR of ~5.7% over the trailing 5 years with remarkably stable 65-68% operating margins and minimal capex (~1.5-2% of revenue). Bear case assumes pricing power moderates and domain registrations stagnate; bull case assumes full utilization of allowed price increases plus modest volume growth and continued margin expansion from operating leverage. Net debt of ~$1.49B is added back in the equity bridge. Negative book equity reflects aggressive share repurchases, not operational distress.

◆ Financial Snapshot

Profitability

Gross Margin88.2%

Operating Margin67.7%

Net Margin49.8%

ROIC-49410.9%

ROE-45.0%

Balance Sheet

Balance SheetCR: 0.49

Cash ConversionFCF/EPS: 1.29x

Capital IntensityCapex/Rev: 1.4%

Altman Z-Score-5.20 (Distress)

Piotroski F-Score8/9 (Strong)

Growth

Revenue CAGR-40.6% CAGR (suspect)

Earnings CAGR-43.0% CAGR (suspect)

Growth ConsistencyCV: 4.77

Segment BreadthInsufficient segments

Quarterly TrendWC↓

Earnings CredibilityMixed

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOKevin Ivers · 5 years

CEO Ownership< 1%

Compensation93% performance-based

Insider ActivityNeutral

Earnings Beat Rate73% (16/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 14, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.