TaoWeave, Inc.

TWAV

Financial ServicesAsset ManagementNASDAQ

$1.79

Market Cap: $5.96M

TaoWeave, Inc. (TWAV) Valuation Summary

Updated May 10, 2026 20:28

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$1.23 – $17.74	$1.69	-5.6%
Revenue DCF 10Y	—	N/A	—
▸ Trading Multiples
EV/Revenue	$6.53 – $13.10	$34.67	+1837.0%

Valuation History

DCF Analysis

TaoWeave, Inc. (TWAV) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$1.69

Market Price

$1.79

Upside / Downside

-5.6%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -121.5% to a target of 23.6% over 5 years, discounted at a WACC of 7.4%, TaoWeave, Inc. (TWAV) has an intrinsic value of $1.69 per share (range: $1.23 – $17.74).

Key Assumptions

Current Operating Margin

-121.5%

Target Operating Margin

23.6%

WACC

7.4%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.2%

Target CapEx/Rev

23.8%

D&A/Revenue

15.8%

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	15	528.2%	-92.5%	-14	-14	2	(1)	2	-15	-14
2027	7	-51.1%	-63.5%	-5	-5	1	(1)	-1	-3	-3
2028	6	-16.1%	-34.5%	-2	-2	1	(1)	-0	-2	-2
2029	11	74.8%	-5.4%	-1	-1	2	(2)	1	-2	-1
2030	10	-10.0%	23.6%	2	2	2	(2)	-0	1	1

Enterprise Value Bridge

Sum of PV(FCFF)-19

Terminal Value (Gordon Growth at 3.0%)29

PV of Terminal Value21

Enterprise Value2

(–) Net Debt-2

Equity Value4

(÷) Shares Outstanding2

Fair Value per Share$1.69

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	17.6%	20.6%	23.6%	26.6%	29.6%
5.4%	$3	$7	$10	$14	$18
6.4%	$-0	$2	$5	$7	$10
7.4%	$-2	$-0	$2	$4	$6
8.4%	$-3	$-2	$-0	$1	$3
9.4%	$-4	$-3	$-1	$-0	$1

Current price: $1.79. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 14.9% 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

$34.67

Market Price

$1.79

Upside / Downside

+1837.0%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), TaoWeave, Inc. (TWAV) has a fair value of $34.67 based on 7 comparable companies in the Asset Management industry.

EV/Revenue Valuation — Asset Management

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
TaoWeave, Inc.TWAV	4	0.8x	0.2x
BlackRock, Inc.BLK	168,545	7.1x	7.2x
Blackstone Inc.BX	148,680	11.5x	12.5x
Brookfield CorporationBN	105,324	5.3x	73.3x
KKR & Co. Inc.KKR	91,402	7.6x	18.5x
Brookfield Asset Management Ltd.BAM	81,514	17.1x	15.4x
Ameriprise Financial, Inc.AMP	42,221	2.0x	2.1x
Ares Management CorporationARES	41,462	8.5x	12.0x
Industry Median		7.6x	12.5x
(*) Revenue		2	11
= Enterprise Value		18	138
(-) Net Debt		-2	-2
Equity Value		21	140
(/) Outstanding shares		2	2
Fair Price		$9	$60

Selected Fair Value (avg of trailing + forward)

$34.67

+1837.0%

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

$1.23 – $17.74

$1.69

-5.6%

Revenue DCF 10Y

—

N/A

—

▸ Trading Multiples

EV/Revenue

$6.53 – $13.10

$34.67

+1837.0%

DCF Analysis

TaoWeave, Inc. (TWAV) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$1.69

Market Price

$1.79

Upside / Downside

-5.6%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-121.5%

Target Operating Margin

23.6%

WACC

7.4%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.2%

Target CapEx/Rev

23.8%

D&A/Revenue

15.8%

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	15	528.2%	-92.5%	-14	-14	2	(1)	2	-15	-14
2027	7	-51.1%	-63.5%	-5	-5	1	(1)	-1	-3	-3
2028	6	-16.1%	-34.5%	-2	-2	1	(1)	-0	-2	-2
2029	11	74.8%	-5.4%	-1	-1	2	(2)	1	-2	-1
2030	10	-10.0%	23.6%	2	2	2	(2)	-0	1	1

Enterprise Value Bridge

Sum of PV(FCFF)-19

Terminal Value (Gordon Growth at 3.0%)29

PV of Terminal Value21

Enterprise Value2

(–) Net Debt-2

Equity Value4

(÷) Shares Outstanding2

Fair Value per Share$1.69

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	17.6%	20.6%	23.6%	26.6%	29.6%
5.4%	$3	$7	$10	$14	$18
6.4%	$-0	$2	$5	$7	$10
7.4%	$-2	$-0	$2	$4	$6
8.4%	$-3	$-2	$-0	$1	$3
9.4%	$-4	$-3	$-1	$-0	$1

Current price: $1.79. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 14.9% 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

$34.67

Market Price

$1.79

Upside / Downside

+1837.0%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), TaoWeave, Inc. (TWAV) has a fair value of $34.67 based on 7 comparable companies in the Asset Management industry.

EV/Revenue Valuation — Asset Management

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
TaoWeave, Inc.TWAV	4	0.8x	0.2x
BlackRock, Inc.BLK	168,545	7.1x	7.2x
Blackstone Inc.BX	148,680	11.5x	12.5x
Brookfield CorporationBN	105,324	5.3x	73.3x
KKR & Co. Inc.KKR	91,402	7.6x	18.5x
Brookfield Asset Management Ltd.BAM	81,514	17.1x	15.4x
Ameriprise Financial, Inc.AMP	42,221	2.0x	2.1x
Ares Management CorporationARES	41,462	8.5x	12.0x
Industry Median		7.6x	12.5x
(*) Revenue		2	11
= Enterprise Value		18	138
(-) Net Debt		-2	-2
Equity Value		21	140
(/) Outstanding shares		2	2
Fair Price		$9	$60

Selected Fair Value (avg of trailing + forward)

$34.67

+1837.0%