Acacia Research Corp

Miscellaneous
Multi-Sector Companies
www.acaciaresearch.com

Earnings Score
Moat Score

Market Cap $444.77M
PE 9
Debt $NaN
Cash $360.05M
EV $NaN
FCF -$79.57M

Earnings

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Sales & Net Margins

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Earnings	$48.22M
EBIT	$58.17M
ROE	8%
ROA	8%
FCF	-$79.57M
Equity	$578.57M
Growth Stability	-208%
PE	9.22
PEG	4.65
PB	0.77
P/FCF	-5.59
P/S	2.68
Price/Cash	0.81
Net Margins	-31%
Gross Margins	54%
Op. Margins	35%
Earnings CAGR	3%
Sales Growth YoY	131%
Sales Growth QoQ	-10%
Sales CAGR	4%
FCF CAGR	-1%
Equity CAGR	2%
Earnings Stability	0.02
Earnings Growth YoY	682%
Earnings Growth QoQ	54%

Earnings CAGR 5Y	2%
Sales CAGR 5Y	69%
FCF CAGR 5Y	-5%
Equity CAGR 5Y	34%
Earnings CAGR 3Y	154%
Sales CAGR 3Y	154%
FCF CAGR 3Y	10%
Equity CAGR 3Y	31%
Market Cap	$444.77M
Revenue	$165.78M
Dividend Yield	0%
Payout Ratio	0%
Assets	$707.57M
Cash	$360.05M
Shares Outstanding	98.84M
Earnings Score	6%
Moat Score	58%
Working Capital	429.73M
Current Ratio	16.39
Gross Profit	$89.29M
Shares Growth 3y	43%
Equity Growth QoQ	-3%
Equity Growth YoY	15%

Assets & ROA

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Stockholders Equity & ROE

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Acacia Research Corp is engaged in the acquisition, development, and patents technologies through its subsidiaries. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies.

SEC Filings

Direct access to Acacia Research Corp (ACTG) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Acacia Research Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Acacia Research Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability 2%

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Acacia Research Corp Discounted Cash Flow

Fully customizable DCF calculator online for Acacia Research Corp.

Years

Calculation mode

= -$750M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$80M	-$79M	-$78M	-$78M	-$77M	-$76M	-$76M	-$75M	-$74M	-$74M	-$73M	-$729M
DCF		-$72M	-$65M	-$58M	-$52M	-$47M	-$43M	-$38M	-$35M	-$31M	-$28M	-$281M
Value	-$750M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-	33%	-80%	-155%	303%	990%	-225%	44%	-31%
ROA	-	-44%	-12%	8%	-11%	-9%	22%	23%	-8%	11%	8%
ROE	-	-51%	-20%	7%	-55%	-10%	31%	28%	-49%	9%	8%

Bad Net Margins (-30.8%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	-	-	-	-	-	-208%	100%	-208%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-208%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	101%	-91%	165%	-60%	393%	111%	69%
Earnings YoY growth	-	141%	-66%	-140%	-584%	-83%	-618%	32%	-212%	-141%	2%
Equity YoY growth	-	-36%	-15%	11%	-35%	-9%	67%	47%	-37%	119%	34%
FCF YoY growth	-	-344%	-442%	-28%	-15%	-112%	696%	-167%	-388%	-40%	-5%