Discounted Cash Flow

Adeia Inc.

ADEA · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2018 $406.1m $-1.8m $131.8m -0.4%
2019 $280.1m (-31.0%) $-64.0m (-3532.0%) $160.4m (21.7%) -22.9% (-5166.9%)
2020 $892.0m (218.5%) $143.8m (324.6%) $420.2m (161.9%) 16.1% (170.5%)
2021 $877.7m (-1.6%) $-58.9m (-141.0%) $220.8m (-47.4%) -6.7% (-141.6%)
2022 $438.9m (-50.0%) $-298.6m (-406.8%) $170.4m (-22.8%) -68.0% (-913.5%)
2023 $388.8m (-11.4%) $67.4m (122.6%) $148.9m (-12.6%) 17.3% (125.5%)
2024 $376.0m (-3.3%) $64.6m (-4.1%) $210.6m (41.4%) 17.2% (-0.8%)
2025 $443.4m (17.9%) $111.1m (71.9%) $156.3m (-25.8%) 25.1% (45.8%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model