NFLX

Market price sits 42% above base IV — no margin of safety.

This is the middle-of-the-road scenario: it assumes Netflix keeps doing roughly what it has been doing — about 13–16% sales growth over the past two years easing gradually into the high single digits as the customer base matures — while its cheaper ad-supported plan and regular price rises let it keep a slightly bigger slice of each sales dollar as profit every year, broadly in line with what management has told investors to expect and what most Wall Street analysts currently forecast.