NasdaqGS:ACTG

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Acacia Research's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.3%

ACTG

0.5%

US Professional Services

1.0%

US Market


1 Year Return

-12.6%

ACTG

19.8%

US Professional Services

8.0%

US Market

Return vs Industry: ACTG underperformed the US Professional Services industry which returned 19.8% over the past year.

Return vs Market: ACTG underperformed the US Market which returned 8% over the past year.


Shareholder returns

ACTGIndustryMarket
7 Day2.3%0.5%1.0%
30 Day-1.8%-0.1%-0.07%
90 Day-3.6%-0.3%-1.0%
1 Year-12.6%-12.6%21.0%19.8%10.4%8.0%
3 Year-54.2%-54.2%55.5%50.3%46.2%36.7%
5 Year-83.1%-84.1%86.9%76.8%64.3%46.2%

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

Valuation

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

0.75x

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 (0.8x) compared to the US Professional Services industry average (2.4x).


Next Steps

Future Growth

How is Acacia Research forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

32.0%

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.


Next Steps

Past Performance

How has Acacia Research performed over the past 5 years?

9.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ACTG is unprofitable, but has reduced losses over the past 5 years at a rate of 9.2% 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 (36.8%).


Return on Equity

High ROE: ACTG has a negative Return on Equity (-29.95%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ACTG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ACTG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Acacia Research's financial position?


Financial Position Analysis

Short Term Liabilities: ACTG's short term assets ($183.5M) exceeds its short term liabilities ($20.0M)

Long Term Liabilities: ACTG's short term assets (183.5M) exceeds its long term liabilities (2.1M)


Debt to Equity History and Analysis

Debt Level: ACTG is debt free.

Reducing Debt: ACTG has not had any debt for past 5 years.


Balance Sheet

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 a year based on its current free cash flow.

Forecast Cash Runway: ACTG has sufficient cash runway for 1.713110 years if free cash flow continues to reduce at historical rates of -71.8% each year.


Next Steps

Dividend

What is Acacia Research's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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.


Next Steps

Management

What is the CEO of Acacia Research's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Cliff Press (65yo)

0.08yrs

Tenure

US$385,724

Compensation

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 ...


Management Age and Tenure

1.8yrs

Average Tenure

54yo

Average Age

Experienced Management: ACTG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

1.0yrs

Average Tenure

57yo

Average Age

Experienced Board: ACTG's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$31,00619 Mar 19
Marc Booth
EntityIndividual
Role
Senior Key Executive
Chief Intellectual Property Officer
Shares10,000
Max PriceUS$3.10
BuyUS$28,98314 Feb 19
Sidus Investment Management, LLC
EntityCompany
Shares9,654
Max PriceUS$3.00
BuyUS$102,76321 Dec 18
Sidus Investment Management, LLC
EntityCompany
Shares35,000
Max PriceUS$2.94
BuyUS$198,03306 Dec 18
Sidus Investment Management, LLC
EntityCompany
Shares65,346
Max PriceUS$3.13
BuyUS$31,32231 Oct 18
Marc Booth
EntityIndividual
Role
Senior Key Executive
Chief Intellectual Property Officer
Shares10,000
Max PriceUS$3.13

Ownership Breakdown


Management Team

  • Marc Booth (60yo)

    Chief Intellectual Property Officer

    • Tenure: 1.2yrs
    • Compensation: US$386.16k
  • Clayton Haynes (49yo)

    Consultant

    • Tenure: 1.2yrs
    • Compensation: US$1.27m
  • Cliff Press (65yo)

    CEO & Director

    • Tenure: 0.08yrs
    • Compensation: US$385.72k
  • Al Tobia (54yo)

    Chief Investment Officer & Director

    • Tenure: 1.3yrs
    • Compensation: US$380.17k
  • Ed Treska (53yo)

    Consultant

    • Tenure: 1.8yrs
    • Compensation: US$1.66m
  • Phillip Mitchell

    Senior Vice President - Engineering

    • Tenure: 6.5yrs
  • Eric Lucas

    Senior Vice President - Licensing

    • Tenure: 7.6yrs
  • Darren Miller

    Senior Vice President of Contracts - Legal

    • Tenure: 3.8yrs
  • Holly Hernandez

    Senior Vice President - Licensing

    • Tenure: 3.8yrs
  • Irene Byrne

    VP Human Resources

    • Tenure: 0yrs

Board Members

  • Luis Rinaldini

    Independent Director

    • Tenure: 0.4yrs
  • Cliff Press (65yo)

    CEO & Director

    • Tenure: 0.08yrs
    • Compensation: US$385.72k
  • Isaac Kohlberg (68yo)

    Independent Director

    • Tenure: 0.4yrs
  • Camran Nezhat

    Member of Scientific Advisory Board

    • Tenure: 16.1yrs
  • Katharine Wolanyk (56yo)

    Independent Director

    • Tenure: 0.8yrs
  • Al Tobia (54yo)

    Chief Investment Officer & Director

    • Tenure: 1.3yrs
    • Compensation: US$380.17k
  • Maureen O’Connell (57yo)

    Independent Chairman

    • Tenure: 0yrs
    • Compensation: US$100.00k

Company Information

Acacia Research Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Acacia Research Corporation
  • Ticker: ACTG
  • Exchange: NasdaqGS
  • Founded: 1992
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: US$135.359m
  • Shares outstanding: 50.13m
  • Website: https://www.acaciaresearch.com

Number of Employees


Location

  • Acacia Research Corporation
  • 120 Newport Center Drive
  • Suite 100
  • Newport Beach
  • California
  • 92660
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACTGNasdaqGS (Nasdaq Global Select)YesAcacia Technologies Common StockUSUSDDec 2002
AZG2DB (Deutsche Boerse AG)YesAcacia Technologies Common StockDEEURDec 2002

Biography

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 a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:48
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.