As of May 23, 2025, Microsaic Systems PLC has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $0.78, this represents a potential upside of -29116.2%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -17069.1% |
| Potential Upside (10-year) | -29116.2% |
| Discount Rate (WACC) | 5.0% - 7.4% |
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2023 | 0 | 69% |
| 12-2024 | 1 | 32% |
| 12-2025 | 1 | 28% |
| 12-2026 | 1 | 27% |
| 12-2027 | 1 | 25% |
| 12-2028 | 2 | 19% |
| 12-2029 | 2 | 21% |
| 12-2030 | 2 | 16% |
| 12-2031 | 3 | 15% |
| 12-2032 | 3 | 13% |
| 12-2033 | 3 | 13% |
Net profit margin is expected to improve from -528% in 12-2023 to -474% by 12-2033, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2023 | (3) | -528% |
| 12-2024 | (3) | -313% |
| 12-2025 | (4) | -398% |
| 12-2026 | (5) | -478% |
| 12-2027 | (6) | -476% |
| 12-2028 | (7) | -475% |
| 12-2029 | (9) | -475% |
| 12-2030 | (11) | -474% |
| 12-2031 | (12) | -474% |
| 12-2032 | (14) | -474% |
| 12-2033 | (15) | -474% |
with a 5-year average of $0 million. Projected CapEx is expected to maintain at approximately 24% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2024 | 0 |
| 12-2025 | 0 |
| 12-2026 | 0 |
| 12-2027 | 0 |
| 12-2028 | 0 |
| 12-2029 | 0 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 73 |
| Days Inventory | 183 |
| Days Payables | 187 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 6M/2024 | (2) | (0) | 0 | 0 | (2) |
| 2025 | (4) | (0) | 0 | (0) | (4) |
| 2026 | (5) | (0) | 0 | (0) | (5) |
| 2027 | (7) | (1) | 0 | 0 | (7) |
| 2028 | (8) | (1) | 0 | 0 | (8) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -17069.1% |
| 10-Year DCF (Growth) | 0.00 | -29116.2% |
| 5-Year DCF (EBITDA) | 0.00 | -100.0% |
| 10-Year DCF (EBITDA) | 0.00 | -100.0% |
Is Microsaic Systems PLC (MSYS.L) a buy or a sell? Microsaic Systems PLC is definitely a sell. Based on our DCF analysis, Microsaic Systems PLC (MSYS.L) appears to be overvalued with upside potential of -29116.2%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider reducing exposure at the current market price of $0.78.