Xperi Inc.

Technology
Computer Software: Prepackaged Software
www.xperi.com

Moat Score
Safety Score

Market Cap $432.09M
PE -5
Debt $77.68M
Cash $72.69M
EV $437.08M
FCF -$42.53M

Earnings

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Sales & Net Margins

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Earnings	-$89.15M
EBIT	-$77.20M
ROE	-24%
ROA	-13%
FCF	-$42.53M
Equity	$377.41M
Growth Stability	1
PE	-4.85
PB	1.14
P/FCF	-10.16
P/S	0.85
Price/Cash	0.17
Debt/Equity	0.21
Debt/FCF	-1.83
Net Margins	-17%
Gross Margins	76%
Op. Margins	-15%
Sales Growth YoY	2%
Sales Growth QoQ	11%
Sales CAGR	9%
Equity CAGR	-33%
Earnings Growth YoY	-53%

Earnings Growth QoQ	-35%
Sales CAGR 5Y	9%
Equity CAGR 5Y	-33%
Earnings CAGR 3Y	9%
Sales CAGR 3Y	9%
Equity CAGR 3Y	-34%
Market Cap	$432.09M
Revenue	$508.56M
Assets	$616.17M
Total Debt	$77.68M
Cash	$72.69M
Shares Outstanding	44.78M
EV	437.08M
Moat Score	3%
Safety Score	66%
Working Capital	57.53M
Current Ratio	1.29
Gross Profit	$388.80M
Shares Growth 3y	3%
Equity Growth QoQ	-3%
Equity Growth YoY	-6%

Assets & ROA

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Stockholders Equity & ROE

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Xperi Inc. provides software and services in the United States. It offers Pay-TV solutions, including UX solutions that allows service providers to customize elements of the interactive program guide for their customers and to upgrade the programming features and services; IPTV solutions that supports various services and applications, such as TV programming, broadband OTT video content, digital music, and photos; managed IPTV service; video metadata and services; personalized content discovery, natural language voice, and insights; and TiVo DVR subscriptions. It also provides consumer electronics solutions, such as home and mobile audio solutions; connected car solutions, including HD Radio, DTS autostage, and DTS autosense; and Media Platform that provides streaming and advertising solutions. The company was incorporated in 2019 and is headquartered in San Jose, California.

SEC Filings

Direct access to Xperi Inc. (XPER) 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

Sector Comparison

How does Xperi Inc. compare to its competitors?

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Peter Lynch's Chart

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

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Xperi Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Xperi Inc..

Years

Calculation mode

= -$425M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$43M	-$43M	-$43M	-$43M	-$43M	-$43M	-$43M	-$43M	-$43M	-$43M	-$43M	-$425M
DCF		-$39M	-$35M	-$32M	-$29M	-$26M	-$24M	-$22M	-$20M	-$18M	-$16M	-$164M
Value	-$425M

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	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-38%	-37%	-152%	-27%	-17%
ROA	-	-	-101%	-19%	-13%
ROE	-	-	-164%	-35%	-24%

Bad Net Margins (-17.19%)

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	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-1.17	-3.94	-1.83
Debt over Equity	-	-	0.11	0.12	0.21
Growth Stability	-	-	-	-	1

Good Debt/FCF ratio (-1.83)

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.

Good Debt/Equity ratio (0.21)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good 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	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	29%	3%	4%	9%
Earnings YoY growth	-	27%	325%	-82%	-
Equity YoY growth	-	-5%	-55%	-13%	-33%
FCF YoY growth	-	6%	32%	-70%	-