Flux Power Holdings, Inc.

FLUX

IndustrialsElectrical Equipment & PartsNASDAQ

$1.01

Market Cap: $17.77M

Flux Power Holdings, Inc. (FLUX) Valuation Summary

Updated May 11, 2026 22:38

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	—	N/A	—
Revenue DCF 10Y	$0.27 – $14.87	$0.27	-73.3%
▸ Trading Multiples
EV/Revenue	-$0.54 – $4.08	$1.94	+91.4%

Valuation History

DCF Analysis

Flux Power Holdings, Inc. (FLUX) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.27

Market Price

$1.02

Upside / Downside

-73.3%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -7.6% to a target of 10.2% over 5 years, discounted at a WACC of 9.3%, Flux Power Holdings, Inc. (FLUX) has an intrinsic value of $0.27 per share (range: $0.27 – $14.87).

Key Assumptions

Current Operating Margin

-7.6%

Target Operating Margin

10.2%

WACC

9.3%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.0%

Target CapEx/Rev

6.0%

D&A/Revenue

1.4%

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	42	-37.0%	-4.0%	-2	-2	1	(1)	-1	-1	-1
2027	50	20.3%	-0.5%	-0	-0	1	(1)	3	-3	-3
2028	69	36.4%	3.1%	2	2	1	(2)	5	-5	-4
2029	123	79.0%	6.6%	8	6	2	(4)	16	-12	-9
2030	154	25.0%	10.2%	16	12	2	(6)	9	-1	-0
2031	188	22.3%	10.2%	19	15	3	(8)	10	-1	-0
2032	222	18.4%	10.2%	23	18	3	(11)	10	0	0
2033	255	14.6%	10.2%	26	21	4	(13)	10	1	1
2034	282	10.7%	10.2%	29	23	4	(16)	8	3	1
2035	301	6.8%	10.2%	31	24	4	(18)	6	5	2

Enterprise Value Bridge

Sum of PV(FCFF)-13

Terminal Value (Gordon Growth at 3.0%)76

PV of Terminal Value33

Enterprise Value19

(–) Net Debt15

Equity Value5

(÷) Shares Outstanding17

Fair Value per Share$0.27

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.2%	7.2%	10.2%	13.2%	16.2%
7.3%	$-4	$-3	$2	$8	$15
8.3%	$-4	$-3	$1	$6	$11
9.3%	$-4	$-3	$0	$4	$9
10.3%	$-4	$-3	$-0	$3	$7
11.3%	$-4	$-3	$-0	$3	$6

Current price: $1.01. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 29.5% 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

$1.94

Market Price

$1.02

Upside / Downside

+91.4%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Flux Power Holdings, Inc. (FLUX) has a fair value of $1.94 based on 6 comparable companies in the Electrical Equipment & Parts industry.

EV/Revenue Valuation — Electrical Equipment & Parts

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Flux Power Holdings, Inc.FLUX	17	0.5x	0.8x
Ampco-Pittsburgh CorporationAP	241	0.8x	0.9x
Pioneer Power Solutions, Inc.PPSI	48	1.2x	1.2x
Orion Energy Systems, Inc.OESX	33	0.5x	0.4x
Asia Pacific Wire & Cable Corporation LimitedAPWC	30	0.1x	—
HomesToLife LtdHTLM	26	0.1x	—
ClearSign Technologies CorporationCLIR	24	2.8x	3.7x
Industry Median		0.7x	1.0x
(*) Revenue		66	42
= Enterprise Value		44	51
(-) Net Debt		15	15
Equity Value		29	36
(/) Outstanding shares		17	17
Fair Price		$2	$2

Selected Fair Value (avg of trailing + forward)

$1.94

+91.4%

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.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

—

N/A

—

Revenue DCF 10Y

$0.27 – $14.87

$0.27

-73.3%

▸ Trading Multiples

EV/Revenue

-$0.54 – $4.08

$1.94

+91.4%

DCF Analysis

Flux Power Holdings, Inc. (FLUX) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.27

Market Price

$1.02

Upside / Downside

-73.3%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-7.6%

Target Operating Margin

10.2%

WACC

9.3%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.0%

Target CapEx/Rev

6.0%

D&A/Revenue

1.4%

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	42	-37.0%	-4.0%	-2	-2	1	(1)	-1	-1	-1
2027	50	20.3%	-0.5%	-0	-0	1	(1)	3	-3	-3
2028	69	36.4%	3.1%	2	2	1	(2)	5	-5	-4
2029	123	79.0%	6.6%	8	6	2	(4)	16	-12	-9
2030	154	25.0%	10.2%	16	12	2	(6)	9	-1	-0
2031	188	22.3%	10.2%	19	15	3	(8)	10	-1	-0
2032	222	18.4%	10.2%	23	18	3	(11)	10	0	0
2033	255	14.6%	10.2%	26	21	4	(13)	10	1	1
2034	282	10.7%	10.2%	29	23	4	(16)	8	3	1
2035	301	6.8%	10.2%	31	24	4	(18)	6	5	2

Enterprise Value Bridge

Sum of PV(FCFF)-13

Terminal Value (Gordon Growth at 3.0%)76

PV of Terminal Value33

Enterprise Value19

(–) Net Debt15

Equity Value5

(÷) Shares Outstanding17

Fair Value per Share$0.27

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.2%	7.2%	10.2%	13.2%	16.2%
7.3%	$-4	$-3	$2	$8	$15
8.3%	$-4	$-3	$1	$6	$11
9.3%	$-4	$-3	$0	$4	$9
10.3%	$-4	$-3	$-0	$3	$7
11.3%	$-4	$-3	$-0	$3	$6

Current price: $1.01. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 29.5% 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

$1.94

Market Price

$1.02

Upside / Downside

+91.4%

Verdict

Undervalued

EV/Revenue Valuation — Electrical Equipment & Parts

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Flux Power Holdings, Inc.FLUX	17	0.5x	0.8x
Ampco-Pittsburgh CorporationAP	241	0.8x	0.9x
Pioneer Power Solutions, Inc.PPSI	48	1.2x	1.2x
Orion Energy Systems, Inc.OESX	33	0.5x	0.4x
Asia Pacific Wire & Cable Corporation LimitedAPWC	30	0.1x	—
HomesToLife LtdHTLM	26	0.1x	—
ClearSign Technologies CorporationCLIR	24	2.8x	3.7x
Industry Median		0.7x	1.0x
(*) Revenue		66	42
= Enterprise Value		44	51
(-) Net Debt		15	15
Equity Value		29	36
(/) Outstanding shares		17	17
Fair Price		$2	$2

Selected Fair Value (avg of trailing + forward)

$1.94

+91.4%