Adeia Inc.

Technology
Computer Software: Prepackaged Software
www.adeia.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.45B
PE 35
Debt $561.83M
Cash $60.70M
EV $1.95B
FCF $141.29M

Earnings

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Sales & Net Margins

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Earnings	$41.30M
EBIT	$94.39M
ROE	11%
ROA	9%
FCF	$141.29M
Equity	$378.22M
Growth Stability	-4K%
PE	35.18
PEG	-3.68
PB	3.84
P/FCF	10.28
P/S	4.23
Price/Cash	0.04
Debt/Equity	1.49
Debt/FCF	3.98
Net Margins	11%
Op. Margins	27%
Earnings CAGR	-6%
Sales Growth YoY	-15%
Sales Growth QoQ	-1%
Sales CAGR	-28%
FCF CAGR	-8%
Equity CAGR	-16%
Earnings Stability	-0.45
Earnings Growth YoY	-20%
Earnings Growth QoQ	130%
Earnings CAGR 5Y	-10%

Sales CAGR 5Y	-29%
FCF CAGR 5Y	-9%
Equity CAGR 5Y	-26%
Earnings CAGR 3Y	-41%
Sales CAGR 3Y	-41%
FCF CAGR 3Y	-17%
Equity CAGR 3Y	-43%
Market Cap	$1.45B
Revenue	$343.72M
Dividend Yield	1%
Payout Ratio	52%
Assets	$1.08B
Total Debt	$561.83M
Cash	$60.70M
Shares Outstanding	108.49M
EV	1.95B
Earnings Score	6%
Moat Score	90%
Safety Score	53%
Final Score	50%
Working Capital	173.21M
Current Ratio	3.42
Shares Growth 3y	2%
Equity Growth QoQ	5%
Equity Growth YoY	10%

Assets & ROA

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Stockholders Equity & ROE

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Xperi Holding Corp is a consumer and entertainment product/solutions licensing company. It operates in two segments: Intellectual Property Licensing (IP) and Product. In the IP segment, it primarily license innovations to leading companies in the broader entertainment industry, and those developing new technologies that will help drive this industry forward. Product segment creates extraordinary experiences at home and on the go for millions of consumers around the world, elevating content and how audiences connect with it in a way that is more intelligent, immersive, and personal. It includes Pay-TV, Consumer Electronics, Connected Car, and Media Platform. The company's geographical segments include the United States, Japan, South Korea, Europe, the Middle East, and Others.

SEC Filings

Direct access to Adeia Inc. (ADEA) 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 Adeia Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR -6%

Stability -45%

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Adeia Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Adeia Inc..

Years

Calculation mode

= $814M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$141M	$129M	$118M	$108M	$99M	$91M	$83M	$76M	$70M	$64M	$58M	$584M
DCF		$118M	$98M	$81M	$68M	$56M	$47M	$39M	$32M	$27M	$22M	$225M
Value	$814M

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 Margins	-0%	-23%	16%	-7%	-68%	17%	11%
ROA	-	-	7%	1%	13%	12%	9%
ROE	-	-	10%	-4%	-99%	19%	11%

Good Net Margins (11.13%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce 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	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	2.18	3.74	5.04	4.48	3.98
Debt over Equity	-	0.61	0.63	0.61	2.85	1.87	1.49
Growth Stability	-	-	-	-227%	-4K%	-	-4K%

Neutral Debt/FCF ratio (3.98)

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 (1.49)

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

Bad Graham’s Stability (-4K%)

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	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-31%	219%	-2%	-50%	-11%	-29%
Earnings YoY growth	-	4K%	-325%	-141%	407%	-123%	-10%
Equity YoY growth	-	-11%	166%	-7%	-78%	18%	-26%
FCF YoY growth	-	22%	162%	-47%	-23%	-13%	-9%