As of April 4, 2026, Vapotherm Inc has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $1.27, this represents a potential upside of -10556.4%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -9295.0% |
| Potential Upside (10-year) | -10556.4% |
| Discount Rate (WACC) | 6.8% - 9.9% |
Revenue is projected to grow from $69 million in 12-2023 to $187 million by 12-2033, representing a compound annual growth rate of approximately 10.5%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2023 | 69 | 3% |
| 12-2024 | 82 | 19% |
| 12-2025 | 94 | 15% |
| 12-2026 | 102 | 9% |
| 12-2027 | 112 | 9% |
| 12-2028 | 122 | 9% |
| 12-2029 | 133 | 9% |
| 12-2030 | 144 | 8% |
| 12-2031 | 158 | 9% |
| 12-2032 | 173 | 10% |
| 12-2033 | 187 | 8% |
Net profit margin is expected to improve from -85% in 12-2023 to -69% by 12-2033, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2023 | (58) | -85% |
| 12-2024 | (66) | -81% |
| 12-2025 | (74) | -79% |
| 12-2026 | (78) | -76% |
| 12-2027 | (82) | -74% |
| 12-2028 | (87) | -71% |
| 12-2029 | (94) | -71% |
| 12-2030 | (101) | -70% |
| 12-2031 | (110) | -70% |
| 12-2032 | (120) | -69% |
| 12-2033 | (129) | -69% |
with a 5-year average of $7 million. Projected CapEx is expected to maintain at approximately 9% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2024 | 8 |
| 12-2025 | 7 |
| 12-2026 | 8 |
| 12-2027 | 8 |
| 12-2028 | 9 |
| 12-2029 | 10 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 47 |
| Days Inventory | 226 |
| Days Payables | 34 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 6M/2024 | (18) | (0) | 4 | 3 | (25) |
| 2025 | (41) | (0) | 8 | 5 | (54) |
| 2026 | (42) | (0) | 9 | 1 | (52) |
| 2027 | (44) | (0) | 10 | 3 | (57) |
| 2028 | (44) | (0) | 11 | 3 | (58) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -9295.0% |
| 10-Year DCF (Growth) | 0.00 | -10556.4% |
| 5-Year DCF (EBITDA) | 0.00 | -100.0% |
| 10-Year DCF (EBITDA) | 0.00 | -100.0% |
Is Vapotherm Inc (VAPO) a buy or a sell? Vapotherm Inc is definitely a sell. Based on our DCF analysis, Vapotherm Inc (VAPO) appears to be overvalued with upside potential of -10556.4%. 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:
Investors should consider reducing exposure at the current market price of $1.27.