Complete TACT Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
TACT DCF Analysis
TACT (TransAct Technologies Incorporated) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $58.1M | $72.6M | $43.4M | $45.0M | $46.5M | $48.0M | $49.3M | $50.5M |
| Revenue Growth % | - | 24.9% | -40.3% | 3.8% | 3.4% | 3.1% | 2.7% | 2.5% |
| EBIT | $-7.7M | $5.7M | $-3.6M | $2.3M | $2.3M | $2.4M | $2.5M | $2.5M |
| EBIT Margin % | -13.2% | 7.9% | -8.4% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 25.0% | 19.6% | 25.0% | 23.9% | 24.0% | 24.1% | 24.2% | 24.3% |
| NOPAT | $-5.8M | $4.6M | $-2.7M | $1.7M | $1.8M | $1.8M | $1.9M | $1.9M |
| NOPAT Margin % | -9.9% | 6.3% | -6.3% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% |
| Capex | $1.3M | $901.0K | $322.0K | $915.0K | $898.7K | $879.8K | $858.8K | $836.0K |
| Capex / Revenue % | 2.2% | 1.2% | 0.7% | 2.0% | 1.9% | 1.8% | 1.7% | 1.7% |
| Depreciation | $1.3M | $1.5M | $1.0M | $1.0M | $1.0M | $1.1M | $1.1M | $1.1M |
| D&A / Revenue % | 2.3% | 2.1% | 2.4% | 2.2% | 2.2% | 2.2% | 2.2% | 2.2% |
| Change in NWC | $-7.2M | $7.2M | $-1.9M | $828.1K | $685.0K | $564.7K | $464.2K | $380.5K |
| NWC Change / Revenue % | -12.3% | 9.9% | -4.3% | 1.8% | 1.5% | 1.2% | 0.9% | 0.8% |
| Unlevered FCF | $1.4M | $-2.0M | $-119.5K | $979.6K | $1.2M | $1.5M | $1.6M | $1.8M |
| UFCF % Chg. | - | -239.4% | 94.0% | 919.8% | 25.4% | 18.1% | 13.7% | 10.7% |
| FCF / Revenue % | 2.5% | -2.7% | -0.3% | 2.2% | 2.6% | 3.0% | 3.3% | 3.6% |
| Discount Factor | - | - | - | 0.916 | 0.840 | 0.769 | 0.705 | 0.646 |
| Present Value of FCF | - | - | - | $897.6K | $1.0M | $1.1M | $1.2M | $1.2M |
| Sum of PV of UFCF | - | - | - | $897.6K | $1.9M | $3.0M | $4.2M | $5.4M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 6.9% |
| Tax Rate | 23.9% |
| After Tax Cost of Debt | 5.2% |
| Risk Free Rate | 4.40% |
| Market Risk Premium | 4.3% |
| Beta | 1.19 |
| Cost of Equity | 9.6% |
| Total Debt | $4.2M |
| Market Cap | $37.2M |
| Total Capital | $41.4M |
| Debt Weighting | 10.1% |
| Equity Weighting | 89.9% |
| WACC | 9.1% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $1.8M |
| Terminal Value | $28.2M |
| PV of Terminal Value | $18.2M |
| Cumulative PV of UFCF | $5.4M |
| Net Debt | $-10.2M |
| Equity Value | $33.8M |
| Shares Outstanding | 10.0M |
| Implied Share Price | $3 |
| Current Share Price | $4 |
| Implied Upside/(Downside) | -8.3% |
Valuation Summary
$3.38
Implied Price
$3.69
Current Price
-8.3%
Upside/Downside
9.1%
WACC
TACT Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 7 peer companies in Technology
P/E Ratio
$-27.60
-848.0%
Peer Median: 31.5x
EV/EBITDA
$0.00
-100.0%
Peer Median: 22.5x
P/S Ratio
$2.88
-21.8%
Peer Median: 0.6x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for TACT's business model and current situation.
Multiple Comparison
| Multiple | TACT Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -4.2x | 31.5x | 26.8x | -113.4% | Undervalued |
| EV/EBITDA | Infinityx | 22.5x | 17.9x | Infinity% | Overvalued |
| P/S Ratio | 0.8x | 0.6x | 1.7x | 27.9% | Overvalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.07B | 0.0x | 0.0x | 0.2x | |
| $0.07B | 22.1x | 13.3x | 0.5x | |
| $0.07B | 0.0x | 0.0x | 1.3x | |
| $0.04B | 0.0x | 0.0x | 0.8x | |
| $0.03B | 0.0x | 101.7x | 0.6x | |
| $0.01B | 0.0x | 0.0x | 0.5x | |
| $3041.00B | 31.5x | 22.5x | 7.6x |