Freightos Limited Ordinary shares

CRGO

IndustrialsIntegrated Freight & LogisticsNASDAQ

$2.05

Market Cap: $105.95M

Freightos Limited Ordinary shares (CRGO) Valuation Summary

Updated Apr 16, 2026 22:13

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	—	N/A	—
Revenue DCF 10Y	$0.56 – $5.05	$0.85	-55.8%
▸ Trading Multiples
EV/Revenue	$0.67 – $2.48	$1.12	-41.8%

Valuation History

DCF Analysis

Freightos Limited Ordinary shares (CRGO) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.85

Market Price

$2.05

Upside / Downside

-58.5%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -65.0% to a target of 10.3% over 5 years, discounted at a WACC of 8.4%, Freightos Limited Ordinary shares (CRGO) has an intrinsic value of $0.85 per share (range: $0.56 – $5.05).

Key Assumptions

Current Operating Margin

-65.0%

Target Operating Margin

10.3%

WACC

8.4%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.7%

Target CapEx/Rev

18.3%

D&A/Revenue

12.2%

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	32	8.4%	-50.0%	-16	-16	4	(1)	2	-15	-14
2027	37	16.8%	-34.9%	-13	-13	5	(2)	0	-10	-9
2028	47	25.1%	-19.8%	-9	-9	6	(3)	0	-7	-5
2029	73	56.1%	-4.8%	-3	-3	9	(6)	1	-1	-1
2030	93	27.6%	10.3%	10	8	11	(9)	0	10	7
2031	115	23.5%	10.3%	12	9	14	(13)	0	10	6
2032	137	19.4%	10.3%	14	11	17	(18)	0	10	6
2033	158	15.3%	10.3%	16	13	19	(23)	0	8	5
2034	176	11.2%	10.3%	18	14	21	(29)	0	6	3
2035	188	7.1%	10.3%	19	15	23	(34)	0	4	2

Enterprise Value Bridge

Sum of PV(FCFF)-1

Terminal Value (Gordon Growth at 3.0%)68

PV of Terminal Value32

Enterprise Value31

(–) Net Debt-12

Equity Value43

(÷) Shares Outstanding51

Fair Value per Share$0.85

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
6.4%	$-0	$-0	$1	$3	$5
7.4%	$-0	$-0	$1	$2	$4
8.4%	$-0	$-0	$1	$2	$3
9.4%	$-0	$-0	$1	$2	$2
10.4%	$-0	$-0	$1	$1	$2

Current price: $2.05. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 1.9% 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

$1.12

Market Price

$2.05

Upside / Downside

-45.5%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Freightos Limited Ordinary shares (CRGO) has a fair value of $1.12 based on 10 comparable companies in the Integrated Freight & Logistics industry.

EV/Revenue Valuation — Integrated Freight & Logistics

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Freightos Limited Ordinary sharesCRGO	104	3.1x	3.1x
FuelCell Energy, Inc.FCEL	389	1.6x	1.6x
Diana Shipping Inc.DSX	309	3.9x	3.5x
Energy Services of America CorporationESOA	270	0.8x	1.0x
Outdoor Holding CompanyPOWW	244	4.4x	1.6x
Alta Equipment Group Inc.ALTG	206	0.7x	0.7x
SEACOR Marine Holdings Inc.SMHI	203	2.1x	2.1x
Proficient Auto Logistics, Inc. Common StockPAL	190	0.6x	0.7x
FreightCar America, Inc.RAIL	171	0.5x	0.5x
SKYX Platforms Corp.SKYX	123	1.7x	1.4x
CleanCore Solutions, Inc.ZONE	68	34.6x	—
Industry Median		1.6x	1.4x
(*) Revenue		29	29
= Enterprise Value		48	41
(-) Net Debt		-12	-12
Equity Value		60	53
(/) Outstanding shares		51	51
Fair Price		$1	$1

Selected Fair Value (avg of trailing + forward)

$1.12

-45.5%

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

$0.56 – $5.05

$0.85

-55.8%

▸ Trading Multiples

EV/Revenue

$0.67 – $2.48

$1.12

-41.8%

DCF Analysis

Freightos Limited Ordinary shares (CRGO) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.85

Market Price

$2.05

Upside / Downside

-58.5%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-65.0%

Target Operating Margin

10.3%

WACC

8.4%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.7%

Target CapEx/Rev

18.3%

D&A/Revenue

12.2%

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	32	8.4%	-50.0%	-16	-16	4	(1)	2	-15	-14
2027	37	16.8%	-34.9%	-13	-13	5	(2)	0	-10	-9
2028	47	25.1%	-19.8%	-9	-9	6	(3)	0	-7	-5
2029	73	56.1%	-4.8%	-3	-3	9	(6)	1	-1	-1
2030	93	27.6%	10.3%	10	8	11	(9)	0	10	7
2031	115	23.5%	10.3%	12	9	14	(13)	0	10	6
2032	137	19.4%	10.3%	14	11	17	(18)	0	10	6
2033	158	15.3%	10.3%	16	13	19	(23)	0	8	5
2034	176	11.2%	10.3%	18	14	21	(29)	0	6	3
2035	188	7.1%	10.3%	19	15	23	(34)	0	4	2

Enterprise Value Bridge

Sum of PV(FCFF)-1

Terminal Value (Gordon Growth at 3.0%)68

PV of Terminal Value32

Enterprise Value31

(–) Net Debt-12

Equity Value43

(÷) Shares Outstanding51

Fair Value per Share$0.85

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
6.4%	$-0	$-0	$1	$3	$5
7.4%	$-0	$-0	$1	$2	$4
8.4%	$-0	$-0	$1	$2	$3
9.4%	$-0	$-0	$1	$2	$2
10.4%	$-0	$-0	$1	$1	$2

Current price: $2.05. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 1.9% 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

$1.12

Market Price

$2.05

Upside / Downside

-45.5%

Verdict

Overvalued

EV/Revenue Valuation — Integrated Freight & Logistics

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Freightos Limited Ordinary sharesCRGO	104	3.1x	3.1x
FuelCell Energy, Inc.FCEL	389	1.6x	1.6x
Diana Shipping Inc.DSX	309	3.9x	3.5x
Energy Services of America CorporationESOA	270	0.8x	1.0x
Outdoor Holding CompanyPOWW	244	4.4x	1.6x
Alta Equipment Group Inc.ALTG	206	0.7x	0.7x
SEACOR Marine Holdings Inc.SMHI	203	2.1x	2.1x
Proficient Auto Logistics, Inc. Common StockPAL	190	0.6x	0.7x
FreightCar America, Inc.RAIL	171	0.5x	0.5x
SKYX Platforms Corp.SKYX	123	1.7x	1.4x
CleanCore Solutions, Inc.ZONE	68	34.6x	—
Industry Median		1.6x	1.4x
(*) Revenue		29	29
= Enterprise Value		48	41
(-) Net Debt		-12	-12
Equity Value		60	53
(/) Outstanding shares		51	51
Fair Price		$1	$1

Selected Fair Value (avg of trailing + forward)

$1.12

-45.5%