Adeia Inc. (ADEA) exhibits 45.0% gross margins and 17.2% return on invested capital within Communication Services (Cable & Other Pay Television Services), balanced against a 15.9x enterprise multiple and 4.8% implied options volatility.
Sustained 45.0% gross profitability converts into 39.5% operating margin and 17.2% ROIC, outpacing sector cost of capital.
ROIC: 17.2% // GM: 45.0%YoY revenue trajectory of +17.9% paired with 6.30% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +17.9% // FCF YLD: 6.30%Altman Z-Score of 4.03 and Piotroski F-Score of 9/9 indicate low near-term refinancing stress.
ALTMAN Z: 4.03 // F-SCORE: 9/9Trading at 22.3x trailing P/E (18.7x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 22.3x // EV/EBITDA: 15.9xOptions market prices a ±5.2% implied move with a 0.85 put/call ratio around $22.48 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Cable & Other Pay Television Services require continuous execution to defend 25.1% net margins.
NET MARGIN: 25.1% // D/E: 0.83x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
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