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ACTG

Acacia Research NasdaqGS:ACTG Stock Report

Last Price

US$4.32

Market Cap

US$198.4m

7D

-3.4%

1Y

-21.6%

Updated

20 May, 2022

Data

Company Financials +
ACTG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Acacia Research
Historical stock prices
Current Share PriceUS$4.32
52 Week HighUS$7.54
52 Week LowUS$3.30
Beta0.44
1 Month Change-3.36%
3 Month Change9.65%
1 Year Change-21.60%
3 Year Change38.02%
5 Year Change1.65%
Change since IPO133.51%

Recent News & Updates

Shareholder Returns

ACTGUS Professional ServicesUS Market
7D-3.4%0.7%0.1%
1Y-21.6%-16.3%-12.7%

Return vs Industry: ACTG underperformed the US Professional Services industry which returned -16.3% over the past year.

Return vs Market: ACTG underperformed the US Market which returned -12.7% over the past year.

Price Volatility

Is ACTG's price volatile compared to industry and market?
ACTG volatility
ACTG Average Weekly Movement7.9%
Professional Services Industry Average Movement6.9%
Market Average Movement8.0%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.0%

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

FoundedEmployeesCEOWebsite
1993287Cliff Presshttps://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

How do Acacia Research's earnings and revenue compare to its market cap?
ACTG fundamental statistics
Market CapUS$198.36m
Earnings (TTM)US$180.20m
Revenue (TTM)US$95.75m

1.1x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACTG income statement (TTM)
RevenueUS$95.75m
Cost of RevenueUS$39.54m
Gross ProfitUS$56.21m
Other Expenses-US$123.99m
EarningsUS$180.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.93
Gross Margin58.70%
Net Profit Margin188.20%
Debt/Equity Ratio44.9%

How did ACTG perform over the long term?

See historical performance and comparison

Valuation

Is Acacia Research undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


1.1x

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 (16.8x).

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 (2.6x).


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

0/6

Future 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

3/6

Past 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

3/6

Financial 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

0/6

Dividend 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.


Discover strong dividend paying companies

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 ($USD1.20M) is about average for companies of similar size in the US market ($USD1.68M).

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$198.356m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/20 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.