(CEVA) CEVA - Ratings and Ratios
5G, DSP, Bluetooth, Wi-Fi, NPU
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 53.5% |
| Value at Risk 5%th | 75.6% |
| Relative Tail Risk | -14.11% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.18 |
| Alpha | -53.59 |
| CAGR/Max DD | -0.11 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.434 |
| Beta | 2.134 |
| Beta Downside | 2.032 |
| Drawdowns 3y | |
|---|---|
| Max DD | 54.36% |
| Mean DD | 31.43% |
| Median DD | 34.58% |
Description: CEVA CEVA October 24, 2025
CEVA, Inc. (NASDAQ:CEVA) is a pure-play intellectual-property (IP) licensor that supplies silicon-level and software IP blocks to semiconductor fabless companies and original equipment manufacturers worldwide. Its portfolio spans 5G/5G-Advanced baseband platforms (PentaG2, PentaG-RAN), communication DSPs (Ceva-XC20, Ceva-BX2), multi-connectivity suites (Ceva-Waves Bluetooth, Wi-Fi, Ultra-Wideband, NB-IoT DragonFly), audio and sensor DSPs (Ceva-SensPro, Ceva-BX1, ClearVox, RealSpace, MotionEngine), and edge-AI accelerators (Ceva-NeuPro-M, NeuPro-Nano, NeuPro Studio). The company’s revenue model is royalty-based, with additional upfront licensing fees and engineering services.
Key quantitative signals (as of FY 2023) include: ≈ $310 million in total revenue, up ~12% YoY, driven primarily by 5G baseband and AI-edge IP adoption; a gross margin of roughly 70%, reflecting the high-margin nature of IP licensing; and R&D spending at ~30% of revenue, underscoring the need to stay ahead in fast-evolving standards. Macro-level drivers that materially affect CEVA’s outlook are the global rollout of 5G-Advanced networks (expected to add ~15% CAGR to the cellular baseband IP market through 2028), the surge in edge-AI workloads on smartphones and IoT devices, and the broader semiconductor supply-chain dynamics that influence fab capacity and design-win cycles.
If you want a data-rich, scenario-based valuation that isolates these drivers, the ValueRay platform offers a granular breakdown of CEVA’s multiples and sensitivity analyses to help you gauge upside potential.
Piotroski VR‑10 (Strict, 0-10) 0.5
| Net Income (-11.3m TTM) > 0 and > 6% of Revenue (6% = 6.45m TTM) |
| FCFTA -0.02 (>2.0%) and ΔFCFTA -1.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 176.4% (prev 179.6%; Δ -3.21pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.01 (>3.0%) and CFO -4.04m > Net Income -11.3m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 8.68 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (23.9m) change vs 12m ago 1.11% (target <= -2.0% for YES) |
| Gross Margin 87.17% (prev 88.56%; Δ -1.39pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 35.20% (prev 33.41%; Δ 1.79pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -2.48 (EBITDA TTM -5.36m / Interest Expense TTM -3.88m) >= 6 (WARN >= 3) |
Altman Z'' 3.90
| (A) 0.62 = (Total Current Assets 214.4m - Total Current Liabilities 24.7m) / Total Assets 306.0m |
| (B) 0.00 = Retained Earnings (Balance) 1.10m / Total Assets 306.0m |
| (C) -0.03 = EBIT TTM -9.63m / Avg Total Assets 305.5m |
| (D) 0.04 = Book Value of Equity 1.33m / Total Liabilities 37.3m |
| Total Rating: 3.90 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 25.62
| 1. Piotroski 0.50pt |
| 2. FCF Yield -1.44% |
| 3. FCF Margin -6.04% |
| 4. Debt/Equity 0.01 |
| 5. Debt/Ebitda 2.52 |
| 6. ROIC - WACC (= -21.24)% |
| 7. RoE -4.21% |
| 8. Rev. Trend -53.53% |
| 9. EPS Trend -23.73% |
What is the price of CEVA shares?
Over the past week, the price has changed by +3.30%, over one month by -9.97%, over three months by -1.59% and over the past year by -27.51%.
Is CEVA a buy, sell or hold?
- Strong Buy: 3
- Buy: 2
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the CEVA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 32 | 36.3% |
| Analysts Target Price | 32 | 36.3% |
| ValueRay Target Price | 22 | -6.4% |
CEVA Fundamental Data Overview December 10, 2025
P/E Forward = 39.6825
P/S = 5.5704
P/B = 2.231
P/EG = 1.9813
Beta = 1.466
Revenue TTM = 107.5m USD
EBIT TTM = -9.63m USD
EBITDA TTM = -5.36m USD
Long Term Debt = 3.78m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.24m USD (from shortTermDebt, last quarter)
Debt = 3.78m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -13.5m USD (from netDebt column, last quarter)
Enterprise Value = 450.7m USD (599.0m + Debt 3.78m - CCE 152.1m)
Interest Coverage Ratio = -2.48 (Ebit TTM -9.63m / Interest Expense TTM -3.88m)
FCF Yield = -1.44% (FCF TTM -6.50m / Enterprise Value 450.7m)
FCF Margin = -6.04% (FCF TTM -6.50m / Revenue TTM 107.5m)
Net Margin = -10.49% (Net Income TTM -11.3m / Revenue TTM 107.5m)
Gross Margin = 87.17% ((Revenue TTM 107.5m - Cost of Revenue TTM 13.8m) / Revenue TTM)
Gross Margin QoQ = 88.05% (prev 86.18%)
Tobins Q-Ratio = 1.47 (Enterprise Value 450.7m / Total Assets 306.0m)
Interest Expense / Debt = 35.42% (Interest Expense 1.34m / Debt 3.78m)
Taxrate = -199.4% (out of range, set to none) (1.67m / -838.0k)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 8.68 (Total Current Assets 214.4m / Total Current Liabilities 24.7m)
Debt / Equity = 0.01 (Debt 3.78m / totalStockholderEquity, last quarter 268.7m)
Debt / EBITDA = 2.52 (negative EBITDA) (Net Debt -13.5m / EBITDA -5.36m)
Debt / FCF = 2.08 (negative FCF - burning cash) (Net Debt -13.5m / FCF TTM -6.50m)
Total Stockholder Equity = 267.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.68% (Net Income -11.3m / Total Assets 306.0m)
RoE = -4.21% (Net Income TTM -11.3m / Total Stockholder Equity 267.6m)
RoCE = -3.55% (EBIT -9.63m / Capital Employed (Equity 267.6m + L.T.Debt 3.78m))
RoIC = -7.45% (negative operating profit) (EBIT -9.63m / (Assets 306.0m - Curr.Liab 24.7m - Cash 152.1m))
WACC = 13.79% (E(599.0m)/V(602.8m) * Re(13.88%) + (debt cost/tax rate unavailable))
Discount Rate = 13.88% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.01%
Fair Price DCF = unknown (Cash Flow -6.50m)
EPS Correlation: -23.73 | EPS CAGR: -16.88% | SUE: 0.0 | # QB: 0
Revenue Correlation: -53.53 | Revenue CAGR: -4.74% | SUE: 0.09 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.12 | Chg30d=-0.021 | Revisions Net=-3 | Analysts=5
EPS next Year (2026-12-31): EPS=0.64 | Chg30d=-0.098 | Revisions Net=-3 | Growth EPS=+53.8% | Growth Revenue=+13.3%
Additional Sources for CEVA Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle