| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | 3 | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 166.54 | 163.64 | 221.98 | 220.72 |
| Receivables | 30.31 | 37.21 | 49.36 | 46.72 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 209.37 | 216.34 | 284.84 | 283.18 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 1.15 | 1.13 | 2.42 | 1.54 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 26.89 | 30.53 | 28.68 | 27.98 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 27.02 | 29.03 | — | — |
—
|
| ’25 | 24.25 | 25.68 | 28.38 | 31.29 |
109.60
|
| ’24 | 22.07 | 28.44 | 27.21 | 29.22 |
106.94
|
| ’23 | 26.26 | 22.92 | 24.07 | 24.16 |
97.42
|
| ’22 | 34.39 | 33.20 | 30.05 | 22.95 |
120.58
|
| ’21 | 25.40 | 30.46 | 32.79 | 25.18 |
113.83
|
| ’20 | 23.62 | 23.61 | 24.96 | 28.15 |
100.33
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (4.88) | 5.83 | — | — |
—
|
| ’25 | (7.40) | 1.18 | (5.86) | 8.72 |
(3.36)
|
| ’24 | (7.35) | 2.38 | 0.40 | 8.04 |
3.47
|
| ’23 | (5.08) | (4.79) | (1.28) | 4.81 |
(6.33)
|
| ’22 | 9.82 | (8.11) | 1.82 | 3.40 |
6.92
|
| ’21 | 15.19 | (6.76) | 6.41 | 10.97 |
25.80
|
| ’20 | 6.42 | 6.20 | (4.28) | 6.82 |
15.16
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (7.20) | 5.19 | — | — |
—
|
| ’25 | (7.71) | 3.96 | (6.28) | 7.23 |
(2.81)
|
| ’24 | (7.71) | 1.02 | (0.01) | 7.01 |
0.30
|
| ’23 | (5.18) | (5.91) | (2.17) | 34.64 |
21.37
|
| ’22 | 8.92 | (9.31) | 1.00 | 2.82 |
3.43
|
| ’21 | 14.14 | (6.96) | 6.16 | 10.28 |
23.61
|
| ’20 | 5.63 | 5.62 | (5.44) | 6.43 |
12.23
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.16) | (0.10) | — | — |
—
|
| ’25 | (0.14) | (0.15) | (0.10) | (0.04) |
(0.44)
|
| ’24 | (0.23) | (0.01) | (0.06) | (0.07) |
(0.37)
|
| ’23 | (0.21) | (0.25) | (0.21) | 0.16 |
(0.51)
|
| ’22 | (0.07) | (0.05) | (0.96) | 0.08 |
(1.00)
|
| ’21 | (0.16) | 0.01 | (0.01) | 0.17 |
0.02
|
| ’20 | (0.05) | (0.05) | (0.03) | 0.03 |
(0.11)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.71 | 16.38 | 16.02 | 18.23 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 45.80 | 36.29 | 33.44 | 38.94 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 485 | 450 | 428 | 424 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.25 | 0.22 | 0.25 | 0.26 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 120.58 | 97.42 | 106.94 | 109.60 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 87.45% | 88.04% | 88.06% | 87.08% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.20 | (8.20) | (2.75) | (4.69) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.48% | (8.42%) | (2.58%) | (4.28%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (23.18) | (11.88) | (8.79) | (10.64) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.96 | 4.76 | 3.21 | 3.51 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.20 | 4.15 | 4.53 | 4.51 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | (1.00) | (0.51) | (0.37) | (0.44) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.30 | (0.27) | 0.15 | (0.14) | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.15) | 1.18 | (0.13) | 0.02 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.15 | 0.91 | 0.01 | (0.12) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.17 | 11.26 | 11.29 | 13.85 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.17 | 23.48 | 23.61 | 24.30 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.86 | 5.22 | 6.97 | 4.77 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.26 | 1.92 | 2.79 | 1.55 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.79 | 3.58 | 5.50 | 2.81 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (108.67) | 25.39 | (80.28) | (29.50) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.92 | (6.33) | 3.47 | (3.36) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.50) | 27.71 | (3.17) | 0.55 | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.43 | 21.37 | 0.30 | (2.81) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 144.35 | 182.48 | 185.81 | 256.15 | — | — | — |
Working Cap'
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.69 | — | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (128.62) | (166.54) | (163.64) | (221.98) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 258.87 | 264.34 | 266.56 | 336.46 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (7.28%) | (3.88%) | (2.87%) | (3.05%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.87% | (8.61%) | (4.58%) | (6.19%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (8.66%) | (4.54%) | (3.31%) | (3.53%) | — | — | — |
ROE
|
CEVA, Inc. (CEVA), a leader in licensing high-margin signal processing IP for smartphones, IoT, and automotive tech, trades near multi-year lows—23% below analysts’ low price target, 50% below the mean, and 76% below the high—creating a stark disconnect from optimistic forecasts. Revenue has shown steady growth, peaking at $120.6 million in 2022 before a 2023 dip amid chip market woes, but analysts project a robust 30% ramp-up to $139.3 million by 2027, fueled by sticky licensing deals in 5G, edge AI, and EV sensors. Efficient operations shine through with revenue per employee at $220K-$280K and gross margins consistently above 88%.
Profitability has been volatile, with EPS swinging from peaks to recent losses due to R&D timing and macro headwinds, but forecasts point to a 2027 turnaround with $6.2 million in net profit and positive FCF. The balance sheet is a fortress: $164 million in net cash, zero debt, and growing shareholders’ equity, supporting a discounted valuation (PS ~7x trailing, EV/Sales 5.5x) versus peers. Stock price cycles mirror these fundamentals, from $84 highs in 2021 to today’s $16-$33 range.
This cash-rich setup positions CEVA as a compelling turnaround for patient retail investors—if execution delivers on partnerships with Arm and NXP, shares could revisit $40+ peaks with 50% upside to mean targets. Risks like delayed deals loom, but high margins and revenue acceleration make it worth watching. Dive into the full analysis for charts, peer comps, and insider details.
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