Adeia Inc. (ADEA)

NASDAQ: ADEA · IEX Real-Time Price · USD
12.39
-0.16 (-1.27%)
At close: Dec 29, 2023, 4:00 PM
12.30
-0.09 (-0.73%)
After-hours: Dec 29, 2023, 7:45 PM EST

Total Valuation

Adeia has a market cap or net worth of $1.29 billion. The enterprise value is $1.83 billion.

Market Cap 1.29B
Enterprise Value 1.83B

Important Dates

The next estimated earnings date is Wednesday, February 21, 2024, after market close.

Earnings Date Feb 21, 2024
Ex-Dividend Date Nov 24, 2023

Share Statistics

Adeia has 104.27 million shares outstanding. The number of shares has increased by 8.06% in one year.

Shares Outstanding 104.27M
Shares Change (YoY) +8.06%
Shares Change (QoQ) +0.14%
Owned by Insiders (%) 1.75%
Owned by Institutions (%) 97.25%
Float n/a

Valuation Ratios

The trailing PE ratio is 10.96 and the forward PE ratio is 9.60.

PE Ratio 10.96
Forward PE 9.60
PS Ratio 3.19
Forward PS 3.25
PB Ratio 3.76
P/FCF Ratio 8.48
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 7.38, with an EV/FCF ratio of 11.99.

EV / Earnings 14.23
EV / Sales 4.51
EV / EBITDA 7.38
EV / EBIT 12.07
EV / FCF 11.99

Financial Position

The company has a current ratio of 2.68, with a Debt / Equity ratio of 1.79.

Current Ratio 2.68
Quick Ratio 3.36
Debt / Equity 1.79
Debt / EBITDA 2.49
Debt / FCF 4.05
Interest Coverage 2.43

Financial Efficiency

Return on equity (ROE) is 39.80% and return on invested capital (ROIC) is 21.91%.

Return on Equity (ROE) 39.80%
Return on Assets (ROA) 11.10%
Return on Capital (ROIC) 21.91%
Revenue Per Employee $3.12M
Profits Per Employee $987,708
Employee Count 130
Asset Turnover 0.35
Inventory Turnover n/a

Taxes

Income Tax -39.21M
Effective Tax Rate -43.97%

Stock Price Statistics

The stock price has increased by +30.28% in the last 52 weeks. The beta is 0.91, so Adeia's price volatility has been similar to the market average.

Beta (1Y) 0.91
52-Week Price Change +30.28%
50-Day Moving Average 9.85
200-Day Moving Average 9.72
Relative Strength Index (RSI) 79.91
Average Volume (30 Days) 560,415

Short Selling Information

The latest short interest is 4.11 million, so 3.95% of the outstanding shares have been sold short.

Short Interest 4.11M
Short Previous Month 2.99M
Short % of Shares Out 3.95%
Short % of Float n/a
Short Ratio (days to cover) 6.47

Income Statement

In the last 12 months, Adeia had revenue of $405.21 million and earned $128.40 million in profits. Earnings per share was $1.13.

Revenue 405.21M
Gross Profit 405.21M
Operating Income 146.21M
Pretax Income 89.19M
Net Income 128.40M
EBITDA 247.56M
EBIT 151.35M
Earnings Per Share (EPS) $1.13
Full Income Statement

Balance Sheet

The company has $82.10 million in cash and $616.84 million in debt, giving a net cash position of -$534.74 million or -$5.13 per share.

Cash & Cash Equivalents 82.10M
Total Debt 616.84M
Net Cash -534.74M
Net Cash Per Share -$5.13
Equity / Book Value 343.83M
Book Value Per Share 3.30
Working Capital 137.87M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $154.30 million and capital expenditures -$1.94 million, giving a free cash flow of $152.36 million.

Operating Cash Flow 154.30M
Capital Expenditures -1.94M
Free Cash Flow 152.36M
FCF Per Share $1.43
Full Cash Flow Statement

Margins

Gross margin is 100.00%, with operating and profit margins of 36.08% and 31.69%.

Gross Margin 100.00%
Operating Margin 36.08%
Pretax Margin 22.01%
Profit Margin 31.69%
EBITDA Margin 61.09%
EBIT Margin 37.35%
FCF Margin 37.60%

Dividends & Yields

This stock pays an annual dividend of $0.20, which amounts to a dividend yield of 1.61%.

Dividend Per Share $0.20
Dividend Yield 1.61%
Earnings Yield 9.94%
FCF Yield 11.79%
Dividend Growth (YoY) n/a
Payout Ratio 17.70%
Buyback Yield -8.06%
Shareholder Yield -6.44%
Dividend Details

Analyst Forecast

The average price target for Adeia is $16.00, which is 29.14% higher than the current price. The consensus rating is "Buy".

Price Target $16.00
Price Target Difference 29.14%
Analyst Consensus Buy
Analyst Count 1
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on October 3, 2022. It was a forward split with a ratio of 378:100.

Last Split Date Oct 3, 2022
Split Type Forward
Split Ratio 378:100

Scores

Adeia has an Altman Z-Score of 1.86 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 1.86
Piotroski F-Score 7