Capstone Companies, Inc.

AI-generated fair value estimate for this company.

Method: Liquidation/NAV approach rather than a going-concern DCF: FY2024 10-K shows cash of $15,850, a working-capital deficit of $144,755, a $178,932 unsecured note payable, an $11.78M accumulated deficit, no product revenue, and explicit auditor going-concern doubt. Tangible net asset value is negative (roughly -$0.003/share on 48,826,864 shares outstanding); assigned a nominal $0.001/share as pure unexercised option value on the speculative Connected Chef licensing deal and an unfunded business-pivot plan.

Reasoning: Capstone has no revenue, negative working capital, and auditor-flagged going-concern risk, making any FCF/earnings-based DCF meaningless; a cash/NAV approach with explicit dilution/failure caveats is the only defensible method.