Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Liveramp Holdings Inc
Physical assets are 1.8% of total assets, a light footprint. Capex is 0.10x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 14.4%, above an 8% cost-of-capital hurdle.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 34.75x.
Physical asset ratio
1.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
34.75x
Revenue per dollar of the physical asset base.
Capex / D&A
0.10x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$7.27
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
5.16x
Price $37.54.
Fixed-charge coverage
11.35x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
7.3%
Latest free cash flow divided by current market cap ($2.28B).
ROIC
14.4%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 3.78x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 1.8% | 10.97x | 0.26x | $14.92 | — | -$469.15M | — | -7.61x |
| 2020 | 4.0% | 10.24x | 0.33x | $10.99 | -7.30x | -$40.49M | — | -4.87x |
| 2021 | 2.5% | 18.70x | 0.08x | $10.31 | -7.34x | -$22.74M | — | -5.09x |
| 2022 | 5.3% | 7.45x | 0.19x | $9.86 | -1.17x | $73.58M | — | -0.92x |
| 2023 | 0.6% | 84.20x | 0.23x | $8.34 | -9.95x | $35.15M | — | -17.76x |
| 2024 | 2.9% | 20.20x | 0.37x | $6.08 | 3.98x | $103.19M | 1.1% | 0.35x |
| 2025 | 2.0% | 29.21x | 0.06x | $6.34 | 4.11x | $154.61M | 0.6% | 0.21x |
| 2026 | 1.8% | 34.75x | 0.10x | $7.27 | 11.35x | $167.56M | 14.4% | 3.78x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2026)
Net PP&E: $23.40M
Inventory: $0.00
Total assets: $1.29B
Goodwill: $502.07M
Intangibles: $9.17M
Liabilities: $322.20M
Tangible book: $460.75M
Shares: 63,382,000
Revenue: $812.94M
Capex: $1.38M
D&A: $13.40M
EBITDA: $111.46M
Interest: $32.00K
Short-term debt: $9.67M
Free cash flow: $167.56M
Operating income: $88.46M
Invested capital: $614.50M
Tax rate: 0.0%