Astrotech Corporation

AI-generated fair value estimate for this company.

Method: 10-yr unlevered FCF DCF: FY26 revenue $0.913M (down from $1.049M FY25); burn ~$3.9M/quarter (~$15.6M/yr annualized) vs $14.4M FY26 net loss; modeled FCF -$10M/-$7M/-$4M/-$2M/-$1M over 5yrs then $0 terminal, discounted at 20%; PV(FCF)=-$16.9M; net cash = $11.334M cash & ST investments minus $4.153M total liabilities = $7.18M; equity value = -$16.9M + $7.18M = -$9.7M, floored at $0

Reasoning: Revenue shrinking (-13% FY26 YoY, -37% FY25 YoY), annual net loss $14.4M against only $11.3M total cash (well under 1 year runway at current burn), no visible path to positive FCF; DCF finds no equity value beyond cash floor, so current ~$11.8M market cap/$6.11 price reflects speculative NASA/lunar optionality rather than fundamentals