NasdaqGS:XPER

Stock Analysis Report

Executive Summary

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.4%

XPER

-2.4%

US Semiconductor

-0.6%

US Market


1 Year Return

36.6%

XPER

7.5%

US Semiconductor

0.7%

US Market

XPER outperformed the Semiconductor industry which returned 7.5% over the past year.

XPER outperformed the Market in United States of America which returned 0.7% over the past year.


Share holder returns

XPERIndustryMarket
7 Day-2.4%-2.4%-0.6%
30 Day7.3%8.0%4.9%
90 Day4.9%10.1%1.7%
1 Year42.6%36.6%9.6%7.5%3.0%0.7%
3 Year-39.9%-46.1%80.1%69.5%44.8%35.4%
5 Year-13.3%-25.6%119.5%97.2%62.0%44.3%

Price Volatility Vs. Market

How volatile is Xperi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 month ago | Simply Wall St

The Xperi (NASDAQ:XPER) Share Price Is Down 35% So Some Shareholders Are Getting Worried

Valuation

Is Xperi undervalued based on future cash flows and its price relative to the stock market?

46%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Xperi's share price is below the future cash flow value, and at a moderate discount (> 20%).

Xperi's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Xperi is overvalued based on earnings compared to the US Semiconductor industry average.

Xperi is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Xperi earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Xperi is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Xperi expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

-79.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Xperi's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).

Xperi's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Xperi's revenue growth is positive but not above the United States of America market average.

Xperi's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Xperi's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Xperi will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Xperi performed over the past 5 years?

-52.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Xperi's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Xperi has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Xperi has become profitable in the last year making it difficult to compare the US Semiconductor industry average.


Return on Equity

Xperi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Xperi used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

Xperi's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Xperi's financial position?


Financial Position Analysis

Xperi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Xperi's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Xperi's level of debt (66.3%) compared to net worth is high (greater than 40%).

Unable to establish if Xperi's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (43%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.8x debt.


Next Steps

Dividend

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

3.93%

Current Dividend Yield


Dividend Yield and Payments Analysis

Xperi's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Xperi's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).

Xperi has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Xperi only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Jon Kirchner (51yo)

2.3yrs

Tenure

US$9,046,650

Compensation

Mr. Jon E. Kirchner has been Chief Executive Officer of Xperi Corporation since June 1, 2017. Mr. Kirchner served as President of Xperi Corporation from December 2016 to June 1, 2017. He served as the Chie ...


CEO Compensation Analysis

Jon's remuneration is higher than average for companies of similar size in United States of America.

Jon's compensation has increased in line with Xperi recently becoming profitable.


Management Age and Tenure

2.8yrs

Average Tenure

51yo

Average Age

The tenure for the Xperi management team is about average.


Board Age and Tenure

2.8yrs

Average Tenure

57yo

Average Age

The average tenure for the Xperi board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Murali Dharan (57yo)

    President of Tessera Intellectual Property Corp.

    • Tenure: 1.9yrs
    • Compensation: US$1.07m
  • Steve Teig

    Chief Technology Officer

    • Tenure: 4.3yrs
  • Jon Kirchner (51yo)

    CEO & Director

    • Tenure: 2.3yrs
    • Compensation: US$9.05m
  • Geir Skaaden (52yo)

    Chief Products & Services Officer

    • Tenure: 2.8yrs
    • Compensation: US$2.78m
  • Robert Andersen (56yo)

    Executive VP & CFO

    • Tenure: 2.8yrs
    • Compensation: US$1.56m
  • Kevin Doohan (49yo)

    Chief Marketing Officer

    • Tenure: 0yrs
  • Kris Graves (44yo)

    Chief Human Resources Officer

    • Tenure: 3.7yrs
  • Paul Davis (44yo)

    General Counsel & Corporate Secretary

    • Tenure: 0yrs
    • Compensation: US$1.22m
  • Geri Weinfeld

    Vice President Investor Relations

    • Tenure: 0yrs
  • John Pernin

    Head of Corporate Development

    • Tenure: 0yrs

Board Members

  • Rick Hill (67yo)

    Non-Executive Chairman

    • Tenure: 6.5yrs
    • Compensation: US$255.98k
  • Jon Kirchner (51yo)

    CEO & Director

    • Tenure: 2.3yrs
    • Compensation: US$9.05m
  • Chris Seams (56yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: US$220.98k
  • Dave Habiger (50yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$219.31k
  • George Riedel (61yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$221.98k
  • Darcy Antonellis (57yo)

    Director

    • Tenure: 0.8yrs
    • Compensation: US$69.73k
  • V. Molina (70yo)

    Director

    • Tenure: 1.6yrs
    • Compensation: US$253.52k

Company Information

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


Key Information

  • Name: Xperi Corporation
  • Ticker: XPER
  • Exchange: NasdaqGS
  • Founded: 1990
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$1.005b
  • Shares outstanding: 49.34m
  • Website: https://www.xperi.com

Number of Employees


Location

  • Xperi Corporation
  • 3025 Orchard Parkway
  • San Jose
  • California
  • 95134
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
XPERNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 2003
T11DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2003
0M2ALSE (London Stock Exchange)YesCommon StockGBUSDNov 2003

Biography

Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/23 00:38
End of Day Share Price2019/09/20 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.