Sypris Solutions, Inc.

SYPR

Consumer CyclicalAuto - PartsNASDAQ

$3.15

Market Cap: $72.54M

Sypris Solutions, Inc. (SYPR) Valuation Summary

Updated Apr 6, 2026 22:28

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	—	N/A	—
Revenue DCF 10Y	$0.01 – $4.85	$0.01	-99.6%
▸ Trading Multiples
EV/Revenue	$1.62 – $6.60	$1.73	-44.6%

Valuation History

DCF Analysis

Sypris Solutions, Inc. (SYPR) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.01

Market Price

$3.15

Upside / Downside

-99.7%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -5.5% to a target of 7.7% over 5 years, discounted at a WACC of 8.0%, Sypris Solutions, Inc. (SYPR) has an intrinsic value of $0.01 per share (range: $0.01 – $4.85).

Key Assumptions

Current Operating Margin

-5.5%

Target Operating Margin

7.7%

WACC

8.0%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

1.7%

Target CapEx/Rev

6.0%

D&A/Revenue

2.5%

Tax Rate

40.0%

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	88	-26.8%	-2.9%	-3	-3	2	(2)	-21	19	18
2027	89	1.7%	-0.2%	-0	-0	2	(2)	1	-1	-1
2028	95	6.4%	2.4%	2	1	2	(3)	2	-1	-1
2029	95	0.0%	5.1%	5	3	2	(3)	0	2	2
2030	100	5.3%	7.7%	8	5	3	(4)	2	1	1
2031	105	4.9%	7.7%	8	5	3	(5)	2	1	1
2032	110	4.5%	7.7%	8	5	3	(5)	2	1	0
2033	114	4.2%	7.7%	9	5	3	(6)	2	0	0
2034	119	3.8%	7.7%	9	5	3	(7)	2	0	0
2035	123	3.4%	7.7%	9	6	3	(7)	2	-0	-0

Enterprise Value Bridge

Sum of PV(FCFF)20

Terminal Value (Gordon Growth at 3.0%)0

PV of Terminal Value0

Enterprise Value20

(–) Net Debt19

Equity Value0

(÷) Shares Outstanding22

Fair Value per Share$0.01

Note:Terminal value is $0 because Year 5 FCFF is negative. The company's operating margin convergence does not fully offset reinvestment needs within 5 years. See the sensitivity matrix for scenarios where the model produces a positive terminal value (higher target margin or lower WACC).

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
6.0%	$-1	$-0	$0	$2	$5
7.0%	$-1	$-0	$0	$2	$4
8.0%	$-1	$-0	$0	$1	$3
8.9%	$-1	$-0	$0	$1	$2
9.9%	$-1	$-0	$0	$1	$2

Current price: $3.15. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 40.0% 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

$1.73

Market Price

$3.15

Upside / Downside

-45.0%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Sypris Solutions, Inc. (SYPR) has a fair value of $1.73 based on 9 comparable companies in the Auto - Parts industry.

EV/Revenue Valuation — Auto - Parts

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Sypris Solutions, Inc.SYPR	70	0.7x	1.1x
Commercial Vehicle Group, Inc.CVGI	156	0.4x	0.3x
Tilly's, Inc.TLYS	132	0.5x	0.4x
Gogoro Inc.GGR	58	1.4x	1.2x
Live Ventures IncorporatedLIVE	39	0.6x	0.7x
Westport Fuel Systems Inc.WPRT	33	0.2x	0.6x
Natural Health Trends Corp.NHTC	33	0.7x	—
MKDWELL Tech Inc.MKDW	33	20.1x	—
Destination XL Group, Inc.DXLG	30	0.6x	0.6x
Foresight Autonomous Holdings Ltd.FRSX	10	13.1x	7.0x
Industry Median		0.6x	0.6x
(*) Revenue		120	82
= Enterprise Value		69	47
(-) Net Debt		19	19
Equity Value		50	27
(/) Outstanding shares		22	22
Fair Price		$2	$1

Selected Fair Value (avg of trailing + forward)

$1.73

-45.0%

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

—

N/A

—

Revenue DCF 10Y

$0.01 – $4.85

$0.01

-99.6%

▸ Trading Multiples

EV/Revenue

$1.62 – $6.60

$1.73

-44.6%

DCF Analysis

Sypris Solutions, Inc. (SYPR) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.01

Market Price

$3.15

Upside / Downside

-99.7%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-5.5%

Target Operating Margin

7.7%

WACC

8.0%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

1.7%

Target CapEx/Rev

6.0%

D&A/Revenue

2.5%

Tax Rate

40.0%

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	88	-26.8%	-2.9%	-3	-3	2	(2)	-21	19	18
2027	89	1.7%	-0.2%	-0	-0	2	(2)	1	-1	-1
2028	95	6.4%	2.4%	2	1	2	(3)	2	-1	-1
2029	95	0.0%	5.1%	5	3	2	(3)	0	2	2
2030	100	5.3%	7.7%	8	5	3	(4)	2	1	1
2031	105	4.9%	7.7%	8	5	3	(5)	2	1	1
2032	110	4.5%	7.7%	8	5	3	(5)	2	1	0
2033	114	4.2%	7.7%	9	5	3	(6)	2	0	0
2034	119	3.8%	7.7%	9	5	3	(7)	2	0	0
2035	123	3.4%	7.7%	9	6	3	(7)	2	-0	-0

Enterprise Value Bridge

Sum of PV(FCFF)20

Terminal Value (Gordon Growth at 3.0%)0

PV of Terminal Value0

Enterprise Value20

(–) Net Debt19

Equity Value0

(÷) Shares Outstanding22

Fair Value per Share$0.01

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
6.0%	$-1	$-0	$0	$2	$5
7.0%	$-1	$-0	$0	$2	$4
8.0%	$-1	$-0	$0	$1	$3
8.9%	$-1	$-0	$0	$1	$2
9.9%	$-1	$-0	$0	$1	$2

Current price: $3.15. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 40.0% 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

$1.73

Market Price

$3.15

Upside / Downside

-45.0%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Sypris Solutions, Inc. (SYPR) has a fair value of $1.73 based on 9 comparable companies in the Auto - Parts industry.

EV/Revenue Valuation — Auto - Parts

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Sypris Solutions, Inc.SYPR	70	0.7x	1.1x
Commercial Vehicle Group, Inc.CVGI	156	0.4x	0.3x
Tilly's, Inc.TLYS	132	0.5x	0.4x
Gogoro Inc.GGR	58	1.4x	1.2x
Live Ventures IncorporatedLIVE	39	0.6x	0.7x
Westport Fuel Systems Inc.WPRT	33	0.2x	0.6x
Natural Health Trends Corp.NHTC	33	0.7x	—
MKDWELL Tech Inc.MKDW	33	20.1x	—
Destination XL Group, Inc.DXLG	30	0.6x	0.6x
Foresight Autonomous Holdings Ltd.FRSX	10	13.1x	7.0x
Industry Median		0.6x	0.6x
(*) Revenue		120	82
= Enterprise Value		69	47
(-) Net Debt		19	19
Equity Value		50	27
(/) Outstanding shares		22	22
Fair Price		$2	$1

Selected Fair Value (avg of trailing + forward)

$1.73

-45.0%