| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
ACTG Stock Overview
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.
Acacia Research Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$4.47 |
| 52 Week High | US$7.54 |
| 52 Week Low | US$3.30 |
| Beta | 0.44 |
| 1 Month Change | 1.59% |
| 3 Month Change | 3.23% |
| 1 Year Change | -16.45% |
| 3 Year Change | 42.36% |
| 5 Year Change | -1.76% |
| Change since IPO | 141.62% |
Recent News & Updates
Shareholder Returns
| ACTG | US Professional Services | US Market | |
|---|---|---|---|
| 7D | -2.4% | -1.0% | 0.7% |
| 1Y | -16.4% | -16.1% | -10.8% |
Return vs Industry: ACTG matched the US Professional Services industry which returned -16% over the past year.
Return vs Market: ACTG underperformed the US Market which returned -10.4% over the past year.
Price Volatility
| ACTG volatility | |
|---|---|
| ACTG Average Weekly Movement | 8.0% |
| Professional Services Industry Average Movement | 6.9% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: ACTG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: ACTG's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 287 | Cliff Press | https://www.acaciaresearch.com |
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. The company operates through two segments, Intellectual Property Operations and Industrial Operations. 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.
Acacia Research Fundamentals Summary
| ACTG fundamental statistics | |
|---|---|
| Market Cap | US$204.77m |
| Earnings (TTM) | US$180.20m |
| Revenue (TTM) | US$95.75m |
1.1x
P/E Ratio2.1x
P/S RatioIs ACTG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ACTG income statement (TTM) | |
|---|---|
| Revenue | US$95.75m |
| Cost of Revenue | US$39.54m |
| Gross Profit | US$56.21m |
| Other Expenses | -US$123.99m |
| Earnings | US$180.20m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.93 |
| Gross Margin | 58.70% |
| Net Profit Margin | 188.20% |
| Debt/Equity Ratio | 44.9% |
How did ACTG perform over the long term?
See historical performance and comparisonValuation
Is Acacia Research undervalued compared to its fair value and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
1.14x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ACTG's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate ACTG's fair value for valuation analysis.
Price To Earnings Ratio
PE vs Industry: ACTG is good value based on its PE Ratio (1.1x) compared to the US Professional Services industry average (16.6x).
PE vs Market: ACTG is good value based on its PE Ratio (1.1x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: ACTG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ACTG is good value based on its PB Ratio (0.6x) compared to the US Professional Services industry average (2.7x).
Future Growth
How is Acacia Research forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-107.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACTG's earnings are forecast to decline over the next 3 years (-107.6% per year).
Earnings vs Market: ACTG's earnings are forecast to decline over the next 3 years (-107.6% per year).
High Growth Earnings: ACTG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ACTG's revenue is expected to decline over the next 3 years (-28.2% per year).
High Growth Revenue: ACTG's revenue is forecast to decline over the next 3 years (-28.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ACTG's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Acacia Research performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
37.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACTG has a large one-off gain of $59.2M impacting its March 31 2022 financial results.
Growing Profit Margin: ACTG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ACTG has become profitable over the past 5 years, growing earnings by 37.2% per year.
Accelerating Growth: ACTG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ACTG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (32.6%).
Return on Equity
High ROE: ACTG's Return on Equity (64%) is considered outstanding.
Financial Health
How is Acacia Research's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: ACTG's short term assets ($596.7M) exceed its short term liabilities ($194.4M).
Long Term Liabilities: ACTG's short term assets ($596.7M) exceed its long term liabilities ($91.1M).
Debt to Equity History and Analysis
Debt Level: ACTG has more cash than its total debt.
Reducing Debt: Insufficient data to determine if ACTG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ACTG's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: ACTG's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Dividend
What is Acacia Research current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
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 recent payouts.
High Dividend: Unable to evaluate ACTG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.
Earnings Payout to Shareholders
Earnings Coverage: ACTG is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as ACTG has not reported any payouts.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Cliff Press (67 yo)
2.67yrs
Tenure
US$1,203,660
Compensation
Mr. Clifford Press, also known as Cliff, has been the President at Acacia Research Corporation since September 09, 2021. He has been the Chief Executive Officer of Acacia Research Corporation since Septemb...
CEO Compensation Analysis
Compensation vs Market: Cliff's total compensation ($USD1.20M) is about average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Cliff's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ACTG's management team is considered experienced (2.7 years average tenure).
Board Members
Experienced Board: ACTG's board of directors are considered experienced (3.3 years average tenure).
Ownership
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Acacia Research Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Acacia Research Corporation
- Ticker: ACTG
- Exchange: NasdaqGS
- Founded: 1993
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Implied Market Cap: US$204.770m
- Shares outstanding: 45.81m
- Website: https://www.acaciaresearch.com
Number of Employees
Location
- Acacia Research Corporation
- 767 Third Avenue
- 6th Floor
- New York
- New York
- 10017
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/16 00:00 |
| End of Day Share Price | 2022/05/16 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.