Black Titan Corporation

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $0.14M TTM free cash flow base; 8% annual FCF growth for years 1-5; 4% for years 6-10; 12% discount rate; 2.5% terminal growth; $0.08M net cash ($0.37M cash less $0.29M total debt); 7.39M shares outstanding.

Reasoning: Black Titan is a small but profitable, 36-year-old niche human-capital-management software distributor across Malaysia/Singapore/Hong Kong with accelerating but still modest growth (TTM revenue +28% year over year), so a conservative multi-stage FCF DCF with an elevated discount rate (reflecting micro-cap size, thin float, and single-region customer concentration) is more appropriate than a pure asset-based approach.