Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies.
Flawless balance sheet and overvalued.
Share Price & News
How has Acacia Research's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ACTG has not had significant price volatility in the past 3 months.
7 Day Return
US Professional Services
1 Year Return
US Professional Services
Return vs Industry: ACTG underperformed the US Professional Services industry which returned -7.5% over the past year.
Return vs Market: ACTG underperformed the US Market which returned -11.9% over the past year.
Price Volatility Vs. Market
How volatile is Acacia Research's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StAcacia Research (NASDAQ:ACTG) Is In A Good Position To Deliver On Growth Plans
5 months ago | Simply Wall StWhat Kind Of Shareholders Own Acacia Research Corporation (NASDAQ:ACTG)?
6 months ago | Simply Wall StWe're Keeping An Eye On Acacia Research's (NASDAQ:ACTG) Cash Burn Rate
Is Acacia Research undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ACTG's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ACTG's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ACTG is unprofitable, so we can't compare its PE Ratio to the Professional Services industry average.
PE vs Market: ACTG is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ACTG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ACTG is good value based on its PB Ratio (0.7x) compared to the US Professional Services industry average (1.7x).
How is Acacia Research forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Commercial Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Acacia Research has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Acacia Research's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Commercial Services industry.
How has Acacia Research performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACTG is currently unprofitable.
Growing Profit Margin: ACTG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ACTG is unprofitable, but has reduced losses over the past 5 years at a rate of 14% per year.
Accelerating Growth: Unable to compare ACTG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ACTG is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (13.9%).
Return on Equity
High ROE: ACTG has a negative Return on Equity (-8.52%), as it is currently unprofitable.
How is Acacia Research's financial position?
Financial Position Analysis
Short Term Liabilities: ACTG's short term assets ($171.8M) exceed its short term liabilities ($11.7M).
Long Term Liabilities: ACTG's short term assets ($171.8M) exceed its long term liabilities ($5.4M).
Debt to Equity History and Analysis
Debt Level: ACTG is debt free.
Reducing Debt: ACTG has not had any debt for past 5 years.
Inventory Level: ACTG has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if ACTG's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ACTG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: ACTG has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 14.4% each year
What is Acacia Research's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ACTG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ACTG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ACTG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ACTG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ACTG is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ACTG's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Cliff Press (65yo)
Mr. Clifford Press, also known as Cliff, has been Chief Executive Officer of Acacia Research Corporation since September 5, 2019. He has been a Partner and Managing Member at Oliver Press Partners, LLC sin ...
|CEO & Director||0.50yr||US$385.72k||0.076% $86.5k|
|VP & Chief Intellectual Property Officer||1.58yrs||US$386.16k||0.22% $248.9k|
|Corporate Controller||no data||no data||no data|
|VP Human Resources||no data||no data||no data|
|Senior Vice President - Engineering||6.92yrs||no data||no data|
|Senior Vice President of Contracts - Legal||4.17yrs||no data||no data|
|Senior Vice President - Licensing||8yrs||no data||no data|
Experienced Management: ACTG's management team is considered experienced (2.2 years average tenure).
|CEO & Director||0.50yr||US$385.72k||0.076% $86.5k|
|Independent Director||0.83yr||no data||no data|
|Member of Scientific Advisory Board||16.5yrs||no data||no data|
|Independent Director||1.17yrs||no data||0.13% $148.3k|
|Independent Director||0.33yr||no data||0.055% $62.3k|
|Independent Chairman||no data||US$100.00k||0.13% $148.3k|
Experienced Board: ACTG's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Acacia Research Corporation's company bio, employee growth, exchange listings and data sources
- Name: Acacia Research Corporation
- Ticker: ACTG
- Exchange: NasdaqGS
- Founded: 1993
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: US$113.367m
- Shares outstanding: 50.39m
- Website: https://www.acaciaresearch.com
Number of Employees
- Acacia Research Corporation
- 4 Park Plaza
- Suite 550
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ACTG||NasdaqGS (Nasdaq Global Select)||Yes||Acacia Technologies Common Stock||US||USD||Dec 2002|
|AZG2||DB (Deutsche Boerse AG)||Yes||Acacia Technologies Common Stock||DE||EUR||Dec 2002|
|AZG2||BRSE (Berne Stock Exchange)||Yes||Acacia Technologies Common Stock||CH||CHF||Dec 2002|
Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. The company owns or controls the rights to various patent portfolios, which include U.S. patents and foreign counterparts covering technologies used in a range of industries. It has executed approximately 1,570 license agreements, and approximately 200 patent portfolio licensing and enforcement programs. Acacia Research Corporation was founded in 1993 and is headquartered in Irvine, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 00:35|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.