Aeva Technologies, Inc.

AI-generated fair value estimate for this company.

Method: Forward revenue-multiple approach: FY2028E revenue ~$175M (ramp off $21.6M TTM base via Daimler Truck/TORC series-production win and an exclusive global contract with a top European passenger OEM); 4x peer lidar forward-revenue multiple; EV discounted 2.5 yrs at 18%; plus ~$81M net cash ($177.9M cash+investments - $96.9M convertible notes); 69.71M shares o/s.

Reasoning: AEVA is pre-profit (FY2025 net loss -$145.4M) with revenue still too small/volatile (TTM $21.6M) for a standard FCF DCF, so a revenue-multiple approach anchored to disclosed automotive OEM production design wins is the more grounded method; the resulting value sits well below the current $15.41 price, implying the market is pricing a faster/larger production ramp than the known contract pipeline alone supports.