Agora, Inc.
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$5.66
Market Price
$4.50
Undervalued By
20.5%
Method: Sum-of-parts valuation: $247.0M net cash/short-term-investments position, plus core Real-Time Engagement API business valued at 1.5x TTM revenue ($151.7M x 1.5 = $227.5M); 83.78M shares outstanding.
Reasoning: Agora has posted negative free cash flow for 3 straight years despite holding a very large net cash position (about 67% of market cap), making a standard FCF DCF unreliable; a sum-of-parts approach separating the cash hoard from a conservative revenue multiple for the underlying video/voice API business better reflects intrinsic value for this cash-rich, cash-burning small-cap tech company.