ACACIA RESEARCH CORP (ACTG)
US0038813079 - Common Stock
Taking everything into account, ACTG scores 5 out of 10 in our fundamental rating. ACTG was compared to 102 industry peers in the Financial Services industry. Both the profitability and the financial health of ACTG get a neutral evaluation. Nothing too spectacular is happening here. ACTG is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ACTG was profitable.
ACTG had a negative operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ACTG reported negative net income in multiple years.
In the past 5 years ACTG reported 4 times negative operating cash flow.
1.2 Ratios
ACTG has a better Return On Assets (8.70%) than 87.25% of its industry peers.
With a Return On Equity value of 9.70%, ACTG perfoms like the industry average, outperforming 52.94% of the companies in the same industry.
ACTG's Return On Invested Capital of 4.13% is fine compared to the rest of the industry. ACTG outperforms 68.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.7% | ||
| ROE | 9.7% | ||
| ROIC | 4.13% |
ROA(3y)-1.32%
ROA(5y)1.01%
ROE(3y)-3.58%
ROE(5y)1.95%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 44.07%, ACTG belongs to the best of the industry, outperforming 89.22% of the companies in the same industry.
In the last couple of years the Profit Margin of ACTG has declined.
ACTG has a Operating Margin of 25.35%. This is in the better half of the industry: ACTG outperforms 71.57% of its industry peers.
In the last couple of years the Operating Margin of ACTG has grown nicely.
ACTG has a Gross Margin of 83.68%. This is amongst the best in the industry. ACTG outperforms 90.20% of its industry peers.
In the last couple of years the Gross Margin of ACTG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.35% | ||
| PM (TTM) | 44.07% | ||
| GM | 83.68% |
OM growth 3YN/A
OM growth 5Y15.24%
PM growth 3Y-46.71%
PM growth 5YN/A
GM growth 3Y3.64%
GM growth 5Y2.7%
2. Health
2.1 Basic Checks
ACTG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for ACTG has been increased compared to 1 year ago.
ACTG has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ACTG has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.36 indicates that ACTG is not in any danger for bankruptcy at the moment.
ACTG has a Altman-Z score of 5.36. This is amongst the best in the industry. ACTG outperforms 90.20% of its industry peers.
ACTG has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
ACTG's Debt to Equity ratio of 0.02 is amongst the best of the industry. ACTG outperforms 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 5.36 |
ROIC/WACC0.46
WACC9.02%
2.3 Liquidity
A Current Ratio of 20.06 indicates that ACTG has no problem at all paying its short term obligations.
ACTG has a Current ratio of 20.06. This is amongst the best in the industry. ACTG outperforms 100.00% of its industry peers.
A Quick Ratio of 19.67 indicates that ACTG has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 19.67, ACTG belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 20.06 | ||
| Quick Ratio | 19.67 |
3. Growth
3.1 Past
ACTG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 181.44%, which is quite impressive.
ACTG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -26.62% yearly.
The Revenue has grown by 111.20% in the past year. This is a very strong growth!
The Revenue has been decreasing by -0.99% on average over the past years.
EPS 1Y (TTM)181.44%
EPS 3Y-26.62%
EPS 5YN/A
EPS growth Q2Q1450%
Revenue 1Y (TTM)111.2%
Revenue growth 3Y61.32%
Revenue growth 5Y-0.99%
Revenue growth Q2Q603.59%
3.2 Future
Based on estimates for the next years, ACTG will show a very negative growth in Earnings Per Share. The EPS will decrease by -13.46% on average per year.
The Revenue is expected to grow by 78.52% on average over the next years. This is a very strong growth
EPS Next Y-59.97%
EPS Next 2Y-13.46%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year123.09%
Revenue Next 2Y78.52%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 6.19 indicates a rather cheap valuation of ACTG.
93.14% of the companies in the same industry are more expensive than ACTG, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of ACTG to the average of the S&P500 Index (24.55), we can say ACTG is valued rather cheaply.
The Price/Forward Earnings ratio is 15.46, which indicates a correct valuation of ACTG.
ACTG's Price/Forward Earnings is on the same level as the industry average.
ACTG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.19 | ||
| Fwd PE | 15.46 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | -0.79 |
4.3 Compensation for Growth
A cheap valuation may be justified as ACTG's earnings are expected to decrease with -13.46% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-13.46%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for ACTG!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ACACIA RESEARCH CORP
NASDAQ:ACTG (5/2/2024, 1:25:57 PM)
4.89
-0.04 (-0.81%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap488.44M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.19 | ||
| Fwd PE | 15.46 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.7% | ||
| ROE | 9.7% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 25.35% | ||
| PM (TTM) | 44.07% | ||
| GM | 83.68% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 20.06 | ||
| Quick Ratio | 19.67 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)181.44%
EPS 3Y-26.62%
EPS 5Y
EPS growth Q2Q
EPS Next Y-59.97%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)111.2%
Revenue growth 3Y61.32%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y