Xperi Inc. (XPER) 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

-204.5%

-$5.68

vs $5.44 price

Levered DCF

-$3.65

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-0.19

Distress zone

Rating

C+

Overall 2 / 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	-4.76×	-33.13×	-3.47×	-0.48×	-4.49×	-6.3×	-10.58×	-380.89×
P/B	0.65×	1.08×	1.17×	0.78×	0.77×	0.8×	0.94×	1.08×
P/S	0.6×	0.94×	0.91×	0.72×	1.62×	2.32×	2.41×	1.65×
EV / EBITDA	5.05×	5.91×	-8.18×	-0.47×	-24.94×	-22.87×	13.57×	6.97×
Gross margin	71.7%	77.0%	77.2%	75.5%	74.2%	79.3%	97.0%	96.7%
Operating margin	-9.8%	-17.6%	-24.9%	-149.2%	-33.3%	-40.6%	-20.8%	8.4%
Net margin	-12.6%	-2.8%	-26.2%	-150.8%	-36.1%	-36.8%	-22.9%	-0.4%
Current ratio	2.42×	1.64×	1.92×	2.21×	2.31×	1.76×	3.99×	7.34×
Debt / equity	0.17×	0.2×	0.24×	0.24×	0.06×	0.07×	0.01×	0.78×
Interest coverage	-1.08×	-28.95×	-43.21×	-495.66×	-53.94×	0×	-2.49×	1.33×
Dividend yield	0.0%	0.0%	0.0%	5.8%	1.1%	2.4%	5.8%	5.8%
Payout ratio	0.0%	0.0%	0.0%	-2.8%	-4.7%	-15.1%	-61.4%	-2215.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-13.6%	-3.3%	-33.8%	-163.5%	-17.1%	-12.7%	-8.9%	-0.3%
Return on invested capital	-8.5%	1.2%	-24.8%	-124.1%	-14.4%	-11.9%	-6.1%	-0.7%
Return on assets	-9.1%	-2.1%	-20.3%	-102.8%	-14.3%	-10.4%	-8.4%	-0.1%
Free cash flow yield	-8.0%	-15.6%	-2.7%	-11.8%	-4.1%	-3.5%	23.1%	19.0%
Earnings yield	-21.0%	-3.0%	-28.8%	-209.3%	-22.3%	-15.9%	-9.5%	-0.3%
Enterprise value	$242.3M	$417.5M	$427.3M	$311.6M	$731.7M	$861.8M	$637.5M	$1B
Net debt / EBITDA	-0.55×	-0.64×	0.89×	0.08×	1.94×	0.26×	-0.81×	2.47×
Cash conversion cycle (days)	74	54	42	70	91	128	-9	127