CDT Environmental Technology Investment Holdings Limited

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: revenue base $18.23M (FY2025, down from $34.2M in FY2023 amid a China construction/infrastructure slowdown) growing 5%/yr for 10 years; EBIT margin ramps from 4% to 12% by year 6 and holds; 25% tax rate; 3% of revenue net reinvestment; 16% discount rate; 3% terminal growth; PV of 10-yr FCF ~$4.1M plus PV of terminal value ~$3.2M = EV ~$7.3M; less net debt ~$58.2M (total liabilities $58.3M vs cash of only $67K at FY2025 year-end); the resulting DCF equity value is deeply negative, so the output is floored near zero to reflect limited liability and residual option value on a China wastewater-infrastructure demand recovery; 3.02M shares outstanding.

Reasoning: CDT Environmental's balance sheet shows total liabilities of roughly $58M against only $67K of cash and a FY2025 net loss of $10.2M, so even a plausible operating recovery produces an enterprise value from a standard FCF DCF that is swamped by the liability load, making a near-zero per-share value the only defensible DCF-grounded output; this is explicitly flagged because the liabilities figure may include non-debt contract liabilities that could overstate true leverage.