Lobo EV Technologies Ltd.

LOBO

Consumer CyclicalAuto - ManufacturersNASDAQ

$0.51

Market Cap: $6.43M

Lobo EV Technologies Ltd. (LOBO) Valuation Summary

Updated Apr 22, 2026 22:17

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	—	N/A	—
Revenue DCF 10Y	$0.50 – $42.97	$1.59	+165.7%
▸ Trading Multiples
EV/Revenue	$0.44 – $6.10	$2.42	+302.6%

Valuation History

DCF Analysis

Lobo EV Technologies Ltd. (LOBO) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$1.59

Market Price

$0.51

Upside / Downside

+210.1%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -9.2% to a target of 7.7% over 5 years, discounted at a WACC of 6.6%, Lobo EV Technologies Ltd. (LOBO) has an intrinsic value of $1.59 per share (range: $0.50 – $42.97).

Key Assumptions

Current Operating Margin

-9.2%

Target Operating Margin

7.7%

WACC

6.6%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

5.1%

Target CapEx/Rev

6.0%

D&A/Revenue

3.4%

Tax Rate

26.0%

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)
2025	37	73.9%	-5.8%	-2	-2	1	(2)	4	-7	-7
2026	45	23.1%	-2.4%	-1	-1	2	(2)	3	-5	-4
2027	55	20.9%	1.0%	1	0	2	(3)	3	-4	-3
2028	65	18.6%	4.3%	3	2	2	(4)	3	-3	-2
2029	76	16.4%	7.7%	6	4	3	(4)	3	-1	-1
2030	86	14.2%	7.7%	7	5	3	(5)	4	-1	-0
2031	97	11.9%	7.7%	7	6	3	(6)	3	-0	-0
2032	106	9.7%	7.7%	8	6	4	(6)	3	0	0
2033	114	7.5%	7.7%	9	7	4	(7)	3	1	1
2034	120	5.2%	7.7%	9	7	4	(7)	2	2	1

Enterprise Value Bridge

Sum of PV(FCFF)-16

Terminal Value (Gordon Growth at 3.0%)51

PV of Terminal Value28

Enterprise Value12

(–) Net Debt1

Equity Value11

(÷) Shares Outstanding7

Fair Value per Share$1.59

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
4.6%	$-6	$-4	$8	$26	$43
5.6%	$-6	$-4	$4	$14	$24
6.6%	$-5	$-4	$2	$9	$16
7.6%	$-5	$-4	$1	$6	$12
8.6%	$-5	$-4	$-0	$4	$9

Current price: $0.51. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 32.8% 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

$2.42

Market Price

$0.51

Upside / Downside

+371.1%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Lobo EV Technologies Ltd. (LOBO) has a fair value of $2.42 based on 7 comparable companies in the Auto - Manufacturers industry.

EV/Revenue Valuation — Auto - Manufacturers

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Lobo EV Technologies Ltd.LOBO	4	0.2x	0.2x
Workhorse Group Inc.WKHS	30	2.1x	3.8x
FGI Industries Ltd.FGI	15	0.3x	0.3x
Reborn Coffee, Inc.REBN	14	3.0x	4.4x
DSS, Inc.DSS	6	1.7x	0.8x
Cenntro Electric Group LimitedCENN	3	0.2x	—
Fly-E Group, Inc. Common StockFLYE	2	0.8x	—
iPower Inc.IPW	1	0.1x	0.1x
Industry Median		0.8x	0.8x
(*) Revenue		21	26
= Enterprise Value		17	20
(-) Net Debt		1	1
Equity Value		16	19
(/) Outstanding shares		7	7
Fair Price		$2	$3

Selected Fair Value (avg of trailing + forward)

$2.42

+371.1%

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

$0.50 – $42.97

$1.59

+165.7%

▸ Trading Multiples

EV/Revenue

$0.44 – $6.10

$2.42

+302.6%

DCF Analysis

Lobo EV Technologies Ltd. (LOBO) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$1.59

Market Price

$0.51

Upside / Downside

+210.1%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-9.2%

Target Operating Margin

7.7%

WACC

6.6%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

5.1%

Target CapEx/Rev

6.0%

D&A/Revenue

3.4%

Tax Rate

26.0%

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)
2025	37	73.9%	-5.8%	-2	-2	1	(2)	4	-7	-7
2026	45	23.1%	-2.4%	-1	-1	2	(2)	3	-5	-4
2027	55	20.9%	1.0%	1	0	2	(3)	3	-4	-3
2028	65	18.6%	4.3%	3	2	2	(4)	3	-3	-2
2029	76	16.4%	7.7%	6	4	3	(4)	3	-1	-1
2030	86	14.2%	7.7%	7	5	3	(5)	4	-1	-0
2031	97	11.9%	7.7%	7	6	3	(6)	3	-0	-0
2032	106	9.7%	7.7%	8	6	4	(6)	3	0	0
2033	114	7.5%	7.7%	9	7	4	(7)	3	1	1
2034	120	5.2%	7.7%	9	7	4	(7)	2	2	1

Enterprise Value Bridge

Sum of PV(FCFF)-16

Terminal Value (Gordon Growth at 3.0%)51

PV of Terminal Value28

Enterprise Value12

(–) Net Debt1

Equity Value11

(÷) Shares Outstanding7

Fair Value per Share$1.59

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
4.6%	$-6	$-4	$8	$26	$43
5.6%	$-6	$-4	$4	$14	$24
6.6%	$-5	$-4	$2	$9	$16
7.6%	$-5	$-4	$1	$6	$12
8.6%	$-5	$-4	$-0	$4	$9

Current price: $0.51. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 32.8% 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

$2.42

Market Price

$0.51

Upside / Downside

+371.1%

Verdict

Undervalued

EV/Revenue Valuation — Auto - Manufacturers

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Lobo EV Technologies Ltd.LOBO	4	0.2x	0.2x
Workhorse Group Inc.WKHS	30	2.1x	3.8x
FGI Industries Ltd.FGI	15	0.3x	0.3x
Reborn Coffee, Inc.REBN	14	3.0x	4.4x
DSS, Inc.DSS	6	1.7x	0.8x
Cenntro Electric Group LimitedCENN	3	0.2x	—
Fly-E Group, Inc. Common StockFLYE	2	0.8x	—
iPower Inc.IPW	1	0.1x	0.1x
Industry Median		0.8x	0.8x
(*) Revenue		21	26
= Enterprise Value		17	20
(-) Net Debt		1	1
Equity Value		16	19
(/) Outstanding shares		7	7
Fair Price		$2	$3

Selected Fair Value (avg of trailing + forward)

$2.42

+371.1%