(CEVA) CEVA - Ratings and Ratios
5G, DSP, Bluetooth, Wi-Fi, NPU
CEVA EPS (Earnings per Share)
CEVA Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 63.1% |
| Value at Risk 5%th | 87.7% |
| Relative Tail Risk | -15.53% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.06 |
| Alpha | -35.31 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.364 |
| Beta | 2.102 |
| Beta Downside | 2.024 |
| Drawdowns 3y | |
|---|---|
| Max DD | 54.36% |
| Mean DD | 30.46% |
| Median DD | 33.72% |
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.
CEVA Stock Overview
| Market Cap in USD | 625m |
| Sub-Industry | Semiconductors |
| IPO / Inception | 2000-05-19 |
| Return 12m vs S&P 500 | -20.9% |
| Analyst Rating | 4.33 of 5 |
CEVA Dividends
Currently no dividends paidCEVA Growth Ratios
| CAGR 3y | -4.33% |
| CAGR/Max DD Calmar Ratio | -0.08 |
| CAGR/Mean DD Pain Ratio | -0.14 |
| Current Volume | 365.4k |
| Average Volume | 230.3k |
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income (-11.3m TTM) > 0 and > 6% of Revenue (6% = 6.45m TTM) |
| FCFTA -0.07 (>2.0%) and ΔFCFTA -6.29pp (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 -0.04 (>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 88.25%; Δ -1.09pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 54.24% (prev 33.41%; Δ 20.83pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -2.89 (EBITDA TTM -7.61m / Interest Expense TTM -3.05m) >= 6 (WARN >= 3) |
Altman Z'' 13.44
| (A) 2.07 = (Total Current Assets 214.4m - Total Current Liabilities 24.7m) / Total Assets 91.6m |
| (B) 0.01 = Retained Earnings (Balance) 1.10m / Total Assets 91.6m |
| (C) -0.04 = EBIT TTM -8.79m / Avg Total Assets 198.2m |
| (D) 0.11 = Book Value of Equity 1.33m / Total Liabilities 12.6m |
| Total Rating: 13.44 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 44.46
| 1. Piotroski 1.0pt = -4.0 |
| 2. FCF Yield -1.36% = -0.68 |
| 3. FCF Margin -6.04% = -2.27 |
| 4. Debt/Equity 0.01 = 2.50 |
| 5. Debt/Ebitda 1.77 = 0.45 |
| 6. ROIC - WACC (= -0.61)% = -0.76 |
| 7. RoE -4.21% = -0.70 |
| 8. Rev. Trend -10.85% = -0.81 |
| 9. EPS Trend 14.65% = 0.73 |
What is the price of CEVA shares?
Over the past week, the price has changed by -6.66%, over one month by -13.54%, over three months by +2.42% and over the past year by -9.86%.
Is CEVA a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CEVA is around 21.61 USD . This means that CEVA is currently overvalued and has a potential downside of -13.42%.
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 | 31.8 | 27.5% |
| Analysts Target Price | 31.8 | 27.5% |
| ValueRay Target Price | 24.7 | -1% |
CEVA Fundamental Data Overview November 11, 2025
P/E Forward = 47.3934
P/S = 5.8744
P/B = 2.5122
P/EG = 2.3703
Beta = 1.448
Revenue TTM = 107.5m USD
EBIT TTM = -8.79m USD
EBITDA TTM = -7.61m USD
Long Term Debt = 5.56m USD (from capitalLeaseObligations, last fiscal year)
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 = 479.3m USD (624.8m + Debt 3.78m - CCE 149.3m)
Interest Coverage Ratio = -2.89 (Ebit TTM -8.79m / Interest Expense TTM -3.05m)
FCF Yield = -1.36% (FCF TTM -6.50m / Enterprise Value 479.3m)
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 = 5.23 (Enterprise Value 479.3m / Total Assets 91.6m)
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 = 1.77 (negative EBITDA) (Net Debt -13.5m / EBITDA -7.61m)
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 = -12.31% (Net Income -11.3m / Total Assets 91.6m)
RoE = -4.21% (Net Income TTM -11.3m / Total Stockholder Equity 267.6m)
RoCE = -3.22% (EBIT -8.79m / Capital Employed (Equity 267.6m + L.T.Debt 5.56m))
RoIC = 10.67% (negative operating profit) (EBIT -8.79m / (Assets 91.6m - Curr.Liab 24.7m - Cash 149.3m))
WACC = 11.28% (E(624.8m)/V(628.5m) * Re(11.35%) + (debt cost/tax rate unavailable))
Discount Rate = 11.35% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.01%
Fair Price DCF = unknown (Cash Flow -6.50m)
EPS Correlation: 14.65 | EPS CAGR: -23.09% | SUE: -1.67 | # QB: 0
Revenue Correlation: -10.85 | Revenue CAGR: -5.75% | SUE: 0.09 | # QB: 0
Additional Sources for CEVA Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle