Adeia Inc.
ADEA
Cable & Other Pay Television Services
Mkt Cap
$1.25BPE
31.85Debt
$598.1MCash
$58.02MEV
$1.79BFCF
$152.4MP/E Ratio
31.85Debt
$598.1MCash
$58.02MEV
$1.79BFCF
$152.4MCharts data: {"Earnings":[{"time":"2018-12-30","value":-1763000},{"time":"2019-12-30","value":-64033000},{"time":"2020-12-30","value":143796000},{"time":"2021-12-30","value":-58913000},{"time":"2022-12-30","value":-298586000},{"time":"2023-12-30","value":67372000}],"Sales":[{"time":"2018-12-30","value":406133000},{"time":"2019-12-30","value":280067000},{"time":"2020-12-30","value":892020000},{"time":"2021-12-30","value":877696000},{"time":"2022-12-30","value":438933000},{"time":"2023-12-30","value":388788000}],"Net Margins":[{"time":"2018-12-30","value":-0.004340942499132058},{"time":"2019-12-30","value":-0.22863457672628335},{"time":"2020-12-30","value":0.16120266361740768},{"time":"2021-12-30","value":-0.06712232937144524},{"time":"2022-12-30","value":-0.6802541617969029},{"time":"2023-12-30","value":0.17328724137576262}],"Assets":[{"time":"2019-12-30","value":1047945000},{"time":"2020-12-30","value":2701176000},{"time":"2021-12-30","value":2470022000},{"time":"2022-12-30","value":1210526000},{"time":"2023-12-30","value":1105556000}],"Stockholders Equity":[{"time":"2018-12-30","value":618147000},{"time":"2019-12-30","value":547911000},{"time":"2020-12-30","value":1456877000},{"time":"2021-12-30","value":1349633000},{"time":"2022-12-30","value":301412000},{"time":"2023-12-30","value":356622000}],"ROE":[{"time":"2018-12-30","value":-0.0028520724034897848},{"time":"2019-12-30","value":-0.1168675204549644},{"time":"2020-12-30","value":0.09870153760406677},{"time":"2021-12-30","value":-0.043651125898670234},{"time":"2022-12-30","value":-0.9906241290990405},{"time":"2023-12-30","value":0.18891711672302886}],"ROA":[{"time":"2019-12-30","value":-0.05694955365023928},{"time":"2020-12-30","value":0.06575913602075541},{"time":"2021-12-30","value":0.0055918530280297096},{"time":"2022-12-30","value":0.12644090254980067},{"time":"2023-12-30","value":0.12322306604097848}]}
Adeia Inc., together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company worldwide. The company licenses its innovations to media and semiconductor industries and companies under the Adeia brand. It licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers and social media companies; consumer electronics manufacturers, which includes smart televisions, streaming media devices, video game consoles, mobile devices, content storage devices, and other connected media devices; and semiconductors, including sensors, radio frequency components, memory, and logic devices. The company was incorporated in 2019 and is headquartered in San Jose, California.
DCF
Discounted Cash Flow Valuation of Adeia Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $152.4M | $143.2M | $134.6M | $126.4M | $118.8M | $111.6M | $104.9M | $98.54M | $92.59M | $86.99M | $81.74M | $817.4M |
| DCF | $124.5M | $101.7M | $83.13M | $67.92M | $55.49M | $45.34M | $37.04M | $30.27M | $24.73M | $20.2M | $202M | |
| Value | $792.5M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth -24%
Earnings Stability -46%
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 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|
| Net Margin | -0.43% | -23% | 16% | -6.7% | -68% | 17% | 11% |
| ROA | - | -5.7% | 6.6% | 0.56% | 13% | 12% | 9.3% |
| ROE | -0.29% | -12% | 9.9% | -4.4% | -99% | 19% | 11% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -10.76%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -1.99%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +5.28%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +4.21%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is -14.44%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -5.16%.
Safety & Stabiliy
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 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | 2.18 | 3.74 | 5.04 | 4.48 | 3.92 | |||
| Debt Equity | - | 0.61 | 0.63 | 0.61 | 2.85 | 1.87 | 1.71 | |||
| MIN | ||||||||||
| Graham Stability | - | - | - | -230% | -4.3K% | - | -4.3K% | |||
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 3.92.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 0.82.
What is the Graham’s Stability?
Graham’s Stability measure stands at -42.96.
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 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|
| Revenue | -0.87% | -24% | -11% | -23% |
| Net Income | - | -22% | - | - |
| Stockholders Equity | -10% | -37% | 18% | -18% |
| FCF | 2.5% | -29% | -13% | -25% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is -0.87%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -22.93%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is -10.42%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -18.42%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +2.48%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -25.34%.