Using an unlevered Free Cash Flow to Firm (FCFF) model, we project One Stop Systems, Inc.'s cash flows over 5 years with line-by-line expense modeling. Revenue is projected revenue growing from 24.8% to -10.0% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 64, DPO 24, DIO 131). At a 8.9% WACC with mid-year discounting, the terminal value (0% of enterprise value) is derived from the Gordon Growth Model on Year 6 FCFF at a 3.5% perpetual rate. After subtracting net debt, the equity value implies a fair price of $0.18 per share, suggesting OSS is overvalued by 98.9% at the current price of $15.68.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | Terminal | |
|---|---|---|---|---|---|---|
| Profit Before Tax | -3 | -4 | -3 | -3 | -3 | -3 |
| (−) Net Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| (+) D&A | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -2 | -3 | -3 | -3 | -2 | -2 |
| (−) Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| (−) CapEx | 0 | 0 | 0 | 0 | 0 | 0 |
| (−) ΔWC | 0 | 3 | -2 | -2 | -2 | -2 |
| Free Cash Flow (FCFF) | -3 | -7 | -1 | -1 | -1 | -1 |
| Terminal Value | -21 | |||||
| WACC / Discount Rate | 8.9% | |||||
| Long-term Growth Rate | 3.5% | |||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5 |
| Present Value of FCF | -3 | -6 | -1 | -1 | -1 | -14 |
| Enterprise Value | -26 | |||||
| Projection Period | -12 | 0.0% | ||||
| Terminal Value | -14 | 0.0% | ||||
| (−) Current Net Debt | (30) | |||||
| Equity Value | 4 | |||||
| (/) Outstanding Shares | 23 | |||||
| Fair Price | $0.18 | |||||
| WACC \ Terminal Growth Rate | 2.5% | 3.0% | 3.5% | 4.0% | 4.5% |
|---|---|---|---|---|---|
| 6.9% | $0 | $0 | $0 | $0 | $0 |
| 7.9% | $0 | $0 | $0 | $0 | $0 |
| 8.9% | $0 | $0 | $0 | $0 | $0 |
| 9.9% | $0 | $0 | $0 | $0 | $0 |
| 10.9% | $0 | $0 | $0 | $0 | $0 |
Current price: $15.68. Green = undervalued, Red = overvalued.
Using the industry peer median EV/Revenue multiple (trailing + forward), One Stop Systems, Inc. (OSS) has a fair value of $5.31 based on 5 comparable companies in the Computer Hardware industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| One Stop Systems, Inc.OSS | 364 | 10.4x | 6.3x |
| Amtech Systems, Inc. | 310 | 3.9x | 2.9x |
| KVH Industries, Inc. | 193 | 1.1x | 1.0x |
| Magnachip Semiconductor Corporation | 165 | 0.6x | 0.5x |
| Roadzen, Inc. | 149 | 3.8x | 3.2x |
| Genasys Inc. | 93 | 2.6x | 3.0x |
| Industry Median | 2.6x | 2.9x | |
| (*) Revenue | 32 | 53 | |
| = Enterprise Value | 84 | 103 | |
| (-) Net Debt | -30 | -30 | |
| Equity Value | 114 | 133 | |
| (/) Outstanding shares | 23 | 23 | |
| Fair Price | $5 | $6 | |
Using the PEG framework with historical EPS growth of 16.4%, the company has a fair value of $3.60 based on TTM EPS (FY2025) of $0.22. The current PEG ratio is 4.36.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG is most informative for high-growth companies — the PEG sweet spot.
| EPS Growth RateHistorical | 16.4% |
| Adjusted Growth (clamped 8–25%) | 16.4% |
| Fair P/E | 16.4x |
| TTM EPS (FY2025) | $0.22 |
| Fair Value | $3.60 |
No analyst estimates available.
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $2.3M | $0.12 | — |
| FY2022 | $-2.2M | $-0.11 | -191.7% |
| FY2023 | $-6.7M | $-0.32 | — |
| FY2024 | $-13.6M | $-0.65 | — |
| FY2025 | $5.1M | $0.22 | — |
4Y Historical EPS CAGR: 16.4%
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.