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DCF valuation

What is Adeia Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Adeia Inc.'s reported free cash flow gives $13.08 per share. The share price was $16.06 on November 10, 2026, 23% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$156.3M
Average free cash flow, last 5 years
$181.4M
Cash
$64.3M
balance sheet of September 30, 2026
Debt
$380.8M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
112,747,000
Revenue growth per year, last 5 years
-3.0%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-8.0%-3.0%2.0%10.0%$7.21-55%
Base-3.0%-0.0%2.5%9.0%$13.08-19%
Bull2.0%2.5%3.0%8.0%$24.04+50%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$17.05$18.23$19.67$21.47$23.78
8.0%$14.12$14.88$15.78$16.86$18.19
9.0%$11.96$12.48$13.08$13.78$14.61
10.0%$10.30$10.67$11.09$11.58$12.13
11.0%$8.99$9.26$9.57$9.91$10.30

Where the presets come from

Base: years 1 to 5 grow at Adeia Inc.'s revenue growth rate over the last 5 fiscal years (-3.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Adeia Inc. company page