Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Adeia Inc. (0M2A.L)

Company Dividend Discount ModelIndustry: Software - ApplicationSector: Technology

Valuation Snapshot

Stable Growth$10.75 - $21.44$14.92
Multi-Stage$18.82 - $20.68$19.73
Blended Fair Value$17.33
Current Price$16.80
Upside3.14%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-11.24%-7.67%0.190.191.810.190.270.350.350.350.350.37
YoY Growth--2.01%-89.53%871.52%-31.95%-21.96%0.80%-0.82%0.90%-6.04%-13.77%
Dividend Yield--1.46%1.75%20.37%4.06%4.74%9.51%5.48%6.52%3.86%4.50%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)73.39
(-) Cash Dividends Paid (M)39.11
(=) Cash Retained (M)34.28
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14.689.175.50
Cash Retained (M)34.2834.2834.28
(-) Cash Required (M)-14.68-9.17-5.50
(=) Excess Retained (M)19.6025.1128.77
(/) Shares Outstanding (M)112.91112.91112.91
(=) Excess Retained per Share0.170.220.25
LTM Dividend per Share0.350.350.35
(+) Excess Retained per Share0.170.220.25
(=) Adjusted Dividend0.520.570.60
WACC / Discount Rate5.93%5.93%5.93%
Growth Rate1.04%2.04%3.04%
Fair Value$10.75$14.92$21.44
Upside / Downside-36.03%-11.17%27.64%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)73.3974.8976.4177.9779.5681.1883.61
Payout Ratio53.29%60.63%67.98%75.32%82.66%90.00%92.50%
Projected Dividends (M)39.1145.4151.9458.7265.7673.0677.34

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.93%5.93%5.93%
Growth Rate1.04%2.04%3.04%
Year 1 PV (M)42.4542.8743.29
Year 2 PV (M)45.3946.2947.20
Year 3 PV (M)47.9749.4150.88
Year 4 PV (M)50.2252.2354.31
Year 5 PV (M)52.1554.7957.52
PV of Terminal Value (M)1,887.091,982.342,081.40
Equity Value (M)2,125.272,227.932,334.61
Shares Outstanding (M)112.91112.91112.91
Fair Value$18.82$19.73$20.68
Upside / Downside12.04%17.46%23.08%

High-Yield Dividend Screener

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