InterDigital, Inc. (IDCC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-9.2%

$290.55

vs $320.07 price

Levered DCF

$275.43

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

8.24

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	20.19×	13.68×	13.62×	15.91×	39.79×	41.56×	82.56×	35.91×
P/B	7.46×	5.72×	5.01×	2.05×	2.96×	2.41×	2.26×	2.47×
P/S	9.85×	5.65×	5.3×	3.25×	5.18×	5.2×	5.39×	7.45×
EV / EBITDA	13.56×	8.94×	8.69×	6.31×	12.06×	11.66×	9.97×	16.16×
Gross margin	80.3%	80.5%	85.6%	84.4%	84.8%	52.6%	51.4%	59.6%
Operating margin	55.3%	50.6%	40.3%	32.9%	16.7%	15.4%	11.9%	20.4%
Net margin	48.8%	41.3%	39.0%	20.5%	13.0%	12.5%	6.6%	21.2%
Current ratio	1.84×	1.7×	1.33×	4.96×	2.83×	3.47×	3.33×	5.71×
Debt / equity	0.44×	0.57×	1.07×	0.86×	0.6×	0.51×	0.62×	0.38×
Interest coverage	11.53×	9.68×	4.94×	5.1×	2.82×	1.35×	0.92×	1.74×
Dividend yield	0.7%	0.9%	1.4%	2.8%	2.0%	2.3%	2.6%	2.1%
Payout ratio	14.9%	11.7%	18.4%	45.2%	77.9%	96.1%	213.0%	74.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	36.9%	41.8%	36.8%	12.9%	7.4%	5.8%	2.7%	7.0%
Return on invested capital	22.6%	23.4%	13.6%	7.2%	4.1%	4.2%	1.6%	4.3%
Return on assets	19.7%	19.5%	12.1%	4.9%	3.4%	2.8%	1.3%	4.0%
Free cash flow yield	6.4%	5.4%	5.8%	16.3%	4.1%	6.5%	3.0%	4.8%
Earnings yield	5.0%	7.3%	7.3%	6.3%	2.5%	2.4%	1.2%	2.8%
Enterprise value	$8B	$4.9B	$3.1B	$1.4B	$1.9B	$1.8B	$1.4B	$2.2B
Net debt / EBITDA	-0.43×	-0.07×	0.53×	-0.29×	-1.63×	-0.54×	-1.97×	-0.92×
Cash conversion cycle (days)	26	60	55	42	35	-7	1	-15