BETA Technologies, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered DCF on backlog-driven revenue ramp: revenue path uses analyst consensus ($46.9M FY26, $361.65M FY27 from 8 analysts) extended to ~$1.95B by Year 10 as the $3.9B / 1001-aircraft order backlog converts to deliveries, EBITDA margin ramping from roughly -800% (FY26 guided adjusted EBITDA of -$400M to -$445M on ~$47M revenue) to 22% at maturity, 19% discount rate for pre-certification aerospace risk, 3% terminal growth, plus $1.38B net cash from the November 2025 NYSE IPO added back

Reasoning: BETA is a pre-commercial-scale eVTOL/electric aircraft manufacturer with a large order backlog but heavy cash burn and no profitable public comps; an NPV of backlog conversion plus existing IPO cash captures both its funded runway and its execution risk better than an arbitrary revenue multiple