(ACTG) Acacia Research - Overview
Stock: Patents, Printers, Oil, Natural Gas, Plastics
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 42.0% |
| Relative Tail Risk | -5.95% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.07 |
| Alpha | -15.95 |
| Character TTM | |
|---|---|
| Beta | 0.728 |
| Beta Downside | 1.032 |
| Drawdowns 3y | |
|---|---|
| Max DD | 50.00% |
| CAGR/Max DD | -0.01 |
Description: ACTG Acacia Research January 17, 2026
Acacia Research Corporation (NASDAQ: ACTG) is a diversified holding company that acquires and operates businesses in industrial, energy, and technology sectors across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
The firm is organized into four operating segments: Intellectual Property Operations (licensing and enforcement of patented technologies), Industrial Operations (design and manufacture of printers, consumables, and a range of plastic-injection and extrusion products), Energy Operations (exploration, development, and production of oil and natural gas in Texas and Oklahoma), and Manufacturing Operations (production of office-supply, automotive, and safety-related components).
Key quantitative signals (as of the most recent filing) include a market-cap of roughly $120 million, FY 2023 revenue of $45 million with a 12 % year-over-year decline, and a net loss of $4 million, reflecting the capital-intensive nature of its energy and IP enforcement activities. The IP segment’s cash-flow is highly sensitive to litigation outcomes and royalty collection rates, while the energy segment’s earnings are correlated with WTI crude prices, which have averaged $78 per barrel in 2024.
Sector-level drivers that materially affect ACTG’s performance are (1) the macro-trend toward higher industrial automation, which supports demand for rugged printers and specialty plastics; (2) volatility in oil and gas prices, which can swing the profitability of its Texas/Oklahoma assets; and (3) the legal-environmental landscape for patent licensing, where recent U.S. Supreme Court rulings have tightened standards for non-practicing entity (NPE) enforcement, potentially compressing royalty yields.
Given the company’s fragmented business model and exposure to both cyclical energy markets and litigation-driven IP revenue, investors should model a range of oil price scenarios and royalty-collection success rates to gauge upside potential.
For a deeper, data-rich look at ACTG’s valuation metrics and scenario analyses, you might explore the company’s profile on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 4.83m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 14.91 > 1.0 |
| NWC/Revenue: 137.2% < 20% (prev 259.2%; Δ -122.0% < -1%) |
| CFO/TA 0.05 > 3% & CFO 41.8m > Net Income 4.83m |
| Net Debt (-199.0m) to EBITDA (69.2m): -2.88 < 3 |
| Current Ratio: 8.63 > 1.5 & < 3 |
| Outstanding Shares: last quarter (96.4m) vs 12m ago -3.41% < -2% |
| Gross Margin: 70.76% > 18% (prev 0.54%; Δ 7022 % > 0.5%) |
| Asset Turnover: 38.46% > 50% (prev 23.43%; Δ 15.03% > 0%) |
| Interest Coverage Ratio: 1.79 > 6 (EBITDA TTM 69.2m / Interest Expense TTM 13.4m) |
Altman Z'' 1.04
| A: 0.51 (Total Current Assets 440.6m - Total Current Liabilities 51.0m) / Total Assets 768.9m |
| B: -0.33 (Retained Earnings -257.5m / Total Assets 768.9m) |
| C: 0.03 (EBIT TTM 24.0m / Avg Total Assets 738.2m) |
| D: -1.34 (Book Value of Equity -257.2m / Total Liabilities 192.0m) |
| Altman-Z'' Score: 1.04 = BB |
Beneish M -1.80
| DSRI: 1.66 (Receivables 30.5m/10.7m, Revenue 283.9m/165.8m) |
| GMI: 0.76 (GM 70.76% / 53.86%) |
| AQI: 1.73 (AQ_t 0.14 / AQ_t-1 0.08) |
| SGI: 1.71 (Revenue 283.9m / 165.8m) |
| TATA: -0.05 (NI 4.83m - CFO 41.8m) / TA 768.9m) |
| Beneish M-Score: -1.80 (Cap -4..+1) = B |
What is the price of ACTG shares?
Over the past week, the price has changed by +3.19%, over one month by +15.38%, over three months by +15.07% and over the past year by -1.18%.
Is ACTG a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the ACTG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 5 | 19% |
| Analysts Target Price | 5 | 19% |
| ValueRay Target Price | 4.5 | 7.6% |
ACTG Fundamental Data Overview February 09, 2026
P/S = 1.4268
P/B = 0.7545
P/EG = 10.5
Revenue TTM = 283.9m USD
EBIT TTM = 24.0m USD
EBITDA TTM = 69.2m USD
Long Term Debt = 94.0m USD (from longTermDebt, last quarter)
Short Term Debt = 3.56m USD (from shortTermDebt, last fiscal year)
Debt = 102.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -199.0m USD (from netDebt column, last quarter)
Enterprise Value = 173.1m USD (405.1m + Debt 102.7m - CCE 334.8m)
Interest Coverage Ratio = 1.79 (Ebit TTM 24.0m / Interest Expense TTM 13.4m)
EV/FCF = 6.14x (Enterprise Value 173.1m / FCF TTM 28.2m)
FCF Yield = 16.28% (FCF TTM 28.2m / Enterprise Value 173.1m)
FCF Margin = 9.92% (FCF TTM 28.2m / Revenue TTM 283.9m)
Net Margin = 1.70% (Net Income TTM 4.83m / Revenue TTM 283.9m)
Gross Margin = 70.76% ((Revenue TTM 283.9m - Cost of Revenue TTM 83.0m) / Revenue TTM)
Gross Margin QoQ = 86.04% (prev none%)
Tobins Q-Ratio = 0.23 (Enterprise Value 173.1m / Total Assets 768.9m)
Interest Expense / Debt = 2.17% (Interest Expense 2.23m / Debt 102.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = 19.0m (EBIT 24.0m * (1 - 21.00%))
Current Ratio = 8.63 (Total Current Assets 440.6m / Total Current Liabilities 51.0m)
Debt / Equity = 0.19 (Debt 102.7m / totalStockholderEquity, last quarter 537.6m)
Debt / EBITDA = -2.88 (Net Debt -199.0m / EBITDA 69.2m)
Debt / FCF = -7.06 (Net Debt -199.0m / FCF TTM 28.2m)
Total Stockholder Equity = 532.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.65% (Net Income 4.83m / Total Assets 768.9m)
RoE = 0.91% (Net Income TTM 4.83m / Total Stockholder Equity 532.8m)
RoCE = 3.83% (EBIT 24.0m / Capital Employed (Equity 532.8m + L.T.Debt 94.0m))
RoIC = 2.97% (NOPAT 19.0m / Invested Capital 638.0m)
WACC = 7.21% (E(405.1m)/V(507.9m) * Re(8.60%) + D(102.7m)/V(507.9m) * Rd(2.17%) * (1-Tc(0.21)))
Discount Rate = 8.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.76%
[DCF Debug] Terminal Value 82.69% ; FCFF base≈28.2m ; Y1≈32.1m ; Y5≈44.2m
Fair Price DCF = 11.41 (EV 901.6m - Net Debt -199.0m = Equity 1.10b / Shares 96.5m; r=7.21% [WACC]; 5y FCF grow 16.35% → 2.90% )
EPS Correlation: 48.95 | EPS CAGR: 209.6% | SUE: 0.54 | # QB: 0
Revenue Correlation: 51.34 | Revenue CAGR: -1.65% | SUE: 0.46 | # QB: 0
EPS next Year (2026-12-31): EPS=-0.53 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=-1425.0% | Growth Revenue=-37.8%