Cyanotech Corporation
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$0.52
Market Price
$0.41
Undervalued By
21.2%
Method: 10-year unlevered FCF DCF: $0.3M normalized FCF base (near-breakeven); 4% growth years 1-5; 2% years 6-10; 14% discount rate; 2% terminal growth; $1.0M estimated net cash; 7.25M shares outstanding.
Reasoning: Cyanotech is a small, mature algae-based nutraceutical producer with slim margins and modest growth; a low-growth DCF with an elevated discount rate (reflecting small-cap/thin-liquidity risk) fits its stagnant but still slightly cash-generative profile.