What is SCIA's DCF valuation?

SCI Engineered Materials Inc (SCIA) DCF Valuation Analysis

Executive Summary

As of February 6, 2026, SCI Engineered Materials Inc has a Discounted Cash Flow (DCF) derived fair value of $4.88 per share. With the current market price at $5.84, this represents a potential upside of -16.4%.

Key Metrics Value
DCF Fair Value (5-year) $4.25
DCF Fair Value (10-year) $4.88
Potential Upside (5-year) -27.4%
Potential Upside (10-year) -16.4%
Discount Rate (WACC) 7.3% - 9.4%

Financial Performance & Projections

Revenue Trends

Revenue is projected to grow from $23 million in 12-2024 to $23 million by 12-2034, representing a compound annual growth rate of approximately 0.0%.

Fiscal Year Revenue (USD millions) Growth
12-2024 23 18%
12-2025 12 -48%
12-2026 13 9%
12-2027 14 11%
12-2028 16 10%
12-2029 17 10%
12-2030 19 6%
12-2031 20 6%
12-2032 21 5%
12-2033 22 5%
12-2034 23 5%

Profitability Projections

Net profit margin is expected to improve from 8% in 12-2024 to 8% by 12-2034, driven by operational efficiency and economies of scale.

Fiscal Year Net Profit (USD millions) Profit Margin
12-2024 2 8%
12-2025 1 8%
12-2026 1 8%
12-2027 1 8%
12-2028 1 8%
12-2029 1 8%
12-2030 2 8%
12-2031 2 8%
12-2032 2 8%
12-2033 2 8%
12-2034 2 8%

DCF Model Components

1. Capital Expenditures (CapEx)

with a 5-year average of $0 million. Projected CapEx is expected to maintain at approximately 2% of revenue.

2. Depreciation & Amortization

Depreciation is based on an average useful life of 5 years for capital assets.

Fiscal Year D&A (USD millions)
12-2025 0
12-2026 0
12-2027 0
12-2028 0
12-2029 0
12-2030 0

3. Working Capital Requirements

Net working capital is expected to increase gradually, with projected changes affecting free cash flow.

Components Average Days
Days Receivables 12
Days Inventory 49
Days Payables 8

4. Free Cash Flow Projections

Fiscal Year EBITDA Tax CapEx Change in NWC FCF
6M/2025 1 0 0 (0) 1
2026 2 0 0 0 1
2027 2 0 0 (0) 1
2028 2 0 0 0 1
2029 2 0 0 0 1

DCF Valuation Parameters

Key Assumptions

  • Discount Rate (WACC): WACC / Discount Rate (selected: 7.3% - 9.4%)
  • Long-Term Growth Rate: Long-term Growth Rate (selected: 0.0% - 1.0%)
  • Terminal EV/EBITDA Multiple: 18.2x (based on peer average)

Valuation Summary

Valuation Method Fair Price (USD) Potential Upside
5-Year DCF (Growth) 4.25 -27.4%
10-Year DCF (Growth) 4.88 -16.4%
5-Year DCF (EBITDA) 7.44 27.3%
10-Year DCF (EBITDA) 7.68 31.5%

Enterprise Value Breakdown

  • 5-Year Model: $11M
  • 10-Year Model: $14M

Investment Conclusion

Is SCI Engineered Materials Inc (SCIA) a buy or a sell? SCI Engineered Materials Inc is definitely a sell. Based on our DCF analysis, SCI Engineered Materials Inc (SCIA) appears to be overvalued with upside potential of -16.4%. 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:

  • Strong free cash flow generation

Investors should consider reducing exposure at the current market price of $5.84.