Company Valuation: CEVA, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 993.4 593.1 535.1 745.4 581.4 785.8 - -
Change - -40.29% -9.79% 39.31% -22% 35.15% - -
Enterprise Value (EV) 1 993.4 453.7 535.1 581.8 581.4 556 533.6 502.9
Change - -54.33% 17.95% 8.73% -0.06% -4.37% -4.03% -5.75%
P/E 2,162x -25.6x -44.5x -85.3x -48.9x -132x 419x 74.9x
PBR 3.59x 2.29x 2.01x 2.82x - 2.31x 2.17x 1.99x
PEG - 0x 0.9x 3.1x -2.6x 2.5x -3x 0x
Capitalization / Revenue 8.1x 4.41x 5.49x 6.97x 5.31x 6.29x 5.55x 4.91x
EV / Revenue 8.1x 3.37x 5.49x 5.44x 5.31x 4.45x 3.77x 3.15x
EV / EBITDA 94.7x 211x -62.3x 40.7x 41.2x 27.7x 18.4x 12.7x
EV / EBIT 43.7x 20.4x 147x 57.3x 59x 32.8x 21.2x 13.9x
EV / FCF - - - -2,455x -92.6x 39.4x 24.5x 16.8x
FCF Yield - - - -0.04% -1.08% 2.54% 4.08% 5.96%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.02 -1 -0.51 -0.37 -0.44 -0.2113 0.0666 0.3729
Distribution rate - - - - - - - -
Net sales 1 122.7 134.6 97.42 106.9 109.6 125 141.6 159.9
EBITDA 1 10.49 2.152 -8.584 14.29 14.13 20.1 29 39.72
EBIT 1 22.73 22.26 3.645 10.15 9.86 16.93 25.13 36.3
Net income 1 0.396 -23.18 -11.88 -8.786 -10.64 -6.007 1.993 10.83
Net Debt 1 - -139.5 - -163.6 - -229.7 -252.2 -282.9
Reference price 2 43.24 25.58 22.71 31.55 21.52 27.91 27.91 27.91
Nbr of stocks (in thousands) 22,974 23,188 23,561 23,627 27,018 28,154 - -
Announcement Date 2/15/22 2/15/23 2/14/24 2/13/25 2/17/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-132.09x4.45x27.67x - 786M
21.34x12.07x18.28x0.36% 5,123B
22.21x10.89x14.76x1.14% 1,939B
36.8x15.52x22.8x0.77% 1,620B
12.76x7.74x9.35x0.06% 1,048B
4.84x3.05x3.69x0.21% 904B
88.2x15.93x60.55x-.--% 823B
-42.09x8.45x23.53x-.--% 510B
191.82x41.98x85.51x-.--% 258B
Average 22.64x 13.34x 29.57x 0.32% 1,358B
Weighted average by Cap. 27.02x 12.04x 20.96x 0.45%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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