AudioEye, Inc.

AEYE

TechnologySoftware - ApplicationNASDAQ

$7.69

Market Cap: $95.64M

AudioEye, Inc. (AEYE) Valuation Summary

Updated Apr 28, 2026 22:22

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.35 – $7.88	$0.90	-87.5%
Revenue DCF 10Y	$0.06 – $11.78	$2.65	-63.0%
▸ Trading Multiples
EV/Revenue	$1.43 – $17.87	$10.22	+42.9%

Valuation History

DCF Analysis

AudioEye, Inc. (AEYE) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$2.65

Market Price

$7.69

Upside / Downside

-65.5%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -7.9% to a target of 10.0% over 5 years, discounted at a WACC of 8.9%, AudioEye, Inc. (AEYE) has an intrinsic value of $2.65 per share (range: $0.06 – $11.78).

Key Assumptions

Current Operating Margin

-7.9%

Target Operating Margin

10.0%

WACC

8.9%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

4.6%

Target CapEx/Rev

12.1%

D&A/Revenue

8.1%

Tax Rate

21.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	44	9.0%	-4.3%	-2	-2	4	(2)	3	-4	-4
2027	49	11.1%	-0.7%	-0	-0	4	(3)	1	0	0
2028	55	13.3%	2.8%	2	1	4	(4)	1	1	1
2029	63	13.3%	6.4%	4	3	5	(5)	1	3	2
2030	71	13.3%	10.0%	7	6	6	(6)	1	4	3
2031	79	11.5%	10.0%	8	6	6	(7)	1	5	3
2032	87	9.8%	10.0%	9	7	7	(9)	1	4	3
2033	94	8.1%	10.0%	9	7	8	(10)	1	4	2
2034	100	6.4%	10.0%	10	8	8	(11)	1	4	2
2035	105	4.7%	10.0%	10	8	8	(13)	1	4	2

Enterprise Value Bridge

Sum of PV(FCFF)14

Terminal Value (Gordon Growth at 3.0%)61

PV of Terminal Value27

Enterprise Value41

(–) Net Debt8

Equity Value33

(÷) Shares Outstanding12

Fair Value per Share$2.65

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.0%	7.0%	10.0%	13.0%	16.0%
6.9%	$-1	$1	$5	$8	$12
7.9%	$-1	$1	$3	$6	$9
8.9%	$-1	$0	$3	$5	$7
9.9%	$-1	$0	$2	$4	$6
10.9%	$-1	$0	$2	$3	$5

Current price: $7.69. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 10.7% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

AudioEye, Inc. (AEYE) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.90

Market Price

$7.69

Upside / Downside

-88.3%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-7.9%

Target Operating Margin

10.0%

WACC

8.9%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

4.6%

Target CapEx/Rev

12.1%

D&A/Revenue

8.1%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	44	9.0%	-4.3%	-2	-2	4	(3)	3	-4	-4
2027	49	11.1%	-0.7%	-0	-0	4	(4)	1	-1	-1
2028	55	13.3%	2.8%	2	1	4	(5)	1	-0	-0
2029	63	13.3%	6.4%	4	3	5	(7)	1	1	1
2030	71	13.3%	10.0%	7	6	6	(9)	1	2	1

Enterprise Value Bridge

Sum of PV(FCFF)-3

Terminal Value (Gordon Growth at 3.0%)32

PV of Terminal Value22

Enterprise Value19

(–) Net Debt8

Equity Value11

(÷) Shares Outstanding12

Fair Value per Share$0.90

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.0%	7.0%	10.0%	13.0%	16.0%
6.9%	$-1	$-1	$2	$5	$8
7.9%	$-1	$-1	$1	$4	$6
8.9%	$-1	$-1	$1	$3	$5
9.9%	$-1	$-1	$1	$2	$4
10.9%	$-1	$-1	$0	$2	$3

Current price: $7.69. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 10.7% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$10.22

Market Price

$7.69

Upside / Downside

+32.9%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), AudioEye, Inc. (AEYE) has a fair value of $10.22 based on 7 comparable companies in the Software - Application industry.

EV/Revenue Valuation — Software - Application

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
AudioEye, Inc.AEYE	95	2.6x	3.2x
Silvaco Group, Inc. Common StockSVCO	314	4.9x	5.5x
Asure Software, Inc.ASUR	264	2.3x	2.3x
Immersion CorporationIMMR	196	0.4x	13.1x
Marti Technologies, Inc.MRT	180	6.6x	15.6x
Duos Technologies Group, Inc.DUOT	171	5.7x	10.0x
Perfect Corp.PERF	169	0.6x	0.7x
Waldencast plcWALD	92	0.8x	0.9x
Industry Median		2.3x	5.5x
(*) Revenue		40	32
= Enterprise Value		91	178
(-) Net Debt		8	8
Equity Value		83	170
(/) Outstanding shares		12	12
Fair Price		$7	$14

Selected Fair Value (avg of trailing + forward)

$10.22

+32.9%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$0.35 – $7.88

$0.90

-87.5%

Revenue DCF 10Y

$0.06 – $11.78

$2.65

-63.0%

▸ Trading Multiples

EV/Revenue

$1.43 – $17.87

$10.22

+42.9%

DCF Analysis

AudioEye, Inc. (AEYE) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$2.65

Market Price

$7.69

Upside / Downside

-65.5%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-7.9%

Target Operating Margin

10.0%

WACC

8.9%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

4.6%

Target CapEx/Rev

12.1%

D&A/Revenue

8.1%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	44	9.0%	-4.3%	-2	-2	4	(2)	3	-4	-4
2027	49	11.1%	-0.7%	-0	-0	4	(3)	1	0	0
2028	55	13.3%	2.8%	2	1	4	(4)	1	1	1
2029	63	13.3%	6.4%	4	3	5	(5)	1	3	2
2030	71	13.3%	10.0%	7	6	6	(6)	1	4	3
2031	79	11.5%	10.0%	8	6	6	(7)	1	5	3
2032	87	9.8%	10.0%	9	7	7	(9)	1	4	3
2033	94	8.1%	10.0%	9	7	8	(10)	1	4	2
2034	100	6.4%	10.0%	10	8	8	(11)	1	4	2
2035	105	4.7%	10.0%	10	8	8	(13)	1	4	2

Enterprise Value Bridge

Sum of PV(FCFF)14

Terminal Value (Gordon Growth at 3.0%)61

PV of Terminal Value27

Enterprise Value41

(–) Net Debt8

Equity Value33

(÷) Shares Outstanding12

Fair Value per Share$2.65

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.0%	7.0%	10.0%	13.0%	16.0%
6.9%	$-1	$1	$5	$8	$12
7.9%	$-1	$1	$3	$6	$9
8.9%	$-1	$0	$3	$5	$7
9.9%	$-1	$0	$2	$4	$6
10.9%	$-1	$0	$2	$3	$5

Current price: $7.69. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 10.7% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$10.22

Market Price

$7.69

Upside / Downside

+32.9%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), AudioEye, Inc. (AEYE) has a fair value of $10.22 based on 7 comparable companies in the Software - Application industry.

EV/Revenue Valuation — Software - Application

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
AudioEye, Inc.AEYE	95	2.6x	3.2x
Silvaco Group, Inc. Common StockSVCO	314	4.9x	5.5x
Asure Software, Inc.ASUR	264	2.3x	2.3x
Immersion CorporationIMMR	196	0.4x	13.1x
Marti Technologies, Inc.MRT	180	6.6x	15.6x
Duos Technologies Group, Inc.DUOT	171	5.7x	10.0x
Perfect Corp.PERF	169	0.6x	0.7x
Waldencast plcWALD	92	0.8x	0.9x
Industry Median		2.3x	5.5x
(*) Revenue		40	32
= Enterprise Value		91	178
(-) Net Debt		8	8
Equity Value		83	170
(/) Outstanding shares		12	12
Fair Price		$7	$14

Selected Fair Value (avg of trailing + forward)

$10.22

+32.9%