Emerson Radio Corp.

MSN

TechnologyConsumer ElectronicsAMEX

$0.41

Market Cap: $8.72M

Emerson Radio Corp. (MSN) Valuation Summary

Updated Apr 6, 2026 22:27

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	—	N/A	—
Revenue DCF 10Y	$0.04 – $1.33	$0.04	-90.2%
▸ Trading Multiples
EV/Revenue	$0.24 – $2.21	$0.42	+1.1%

Valuation History

DCF Analysis

Emerson Radio Corp. (MSN) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.04

Market Price

$0.41

Upside / Downside

-90.3%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -52.1% to a target of 10.0% over 5 years, discounted at a WACC of 8.8%, Emerson Radio Corp. (MSN) has an intrinsic value of $0.04 per share (range: $0.04 – $1.33).

Key Assumptions

Current Operating Margin

-52.1%

Target Operating Margin

10.0%

WACC

8.8%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.6%

Target CapEx/Rev

6.0%

D&A/Revenue

3.4%

Tax Rate

10.5%

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	12	9.1%	-39.7%	-5	-5	0	(0)	0	-5	-5
2027	13	8.5%	-27.3%	-3	-3	0	(0)	1	-4	-3
2028	14	7.9%	-14.8%	-2	-2	0	(0)	1	-2	-2
2029	15	7.3%	-2.4%	-0	-0	1	(0)	1	-1	-1
2030	16	6.7%	10.0%	2	1	1	(1)	0	1	1
2031	17	6.0%	10.0%	2	1	1	(1)	0	1	1
2032	18	5.4%	10.0%	2	2	1	(1)	0	1	1
2033	18	4.8%	10.0%	2	2	1	(1)	0	1	0
2034	19	4.2%	10.0%	2	2	1	(1)	0	1	0
2035	20	3.6%	10.0%	2	2	1	(1)	0	1	0

Enterprise Value Bridge

Sum of PV(FCFF)-7

Terminal Value (Gordon Growth at 3.0%)16

PV of Terminal Value7

Enterprise Value0

(–) Net Debt-1

Equity Value1

(÷) Shares Outstanding21

Fair Value per Share$0.04

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.0%	7.0%	10.0%	13.0%	16.0%
6.8%	$-1	$-0	$0	$1	$1
7.8%	$-1	$-0	$0	$1	$1
8.8%	$-1	$-0	$0	$0	$1
9.8%	$-1	$-0	$-0	$0	$0
10.8%	$-1	$-0	$-0	$0	$0

Current price: $0.41. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 50.5% 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

$0.42

Market Price

$0.41

Upside / Downside

+2.4%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Emerson Radio Corp. (MSN) has a fair value of $0.42 based on 3 comparable companies in the Consumer Electronics industry.

EV/Revenue Valuation — Consumer Electronics

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Emerson Radio Corp.MSN	9	0.7x	—
Gaxos.ai Inc.GXAI	9	4.3x	4.9x
Xiao-I CorporationAIXI	9	0.8x	0.9x
T Stamp Inc.IDAI	6	0.4x	0.3x
Industry Median		0.8x	0.9x
(*) Revenue		11
= Enterprise Value		8
(-) Net Debt		-1
Equity Value		9
(/) Outstanding shares		21
Fair Price		$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

$0.04 – $1.33

$0.04

-90.2%

▸ Trading Multiples

EV/Revenue

$0.24 – $2.21

$0.42

+1.1%

DCF Analysis

Emerson Radio Corp. (MSN) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.04

Market Price

$0.41

Upside / Downside

-90.3%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-52.1%

Target Operating Margin

10.0%

WACC

8.8%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

0.6%

Target CapEx/Rev

6.0%

D&A/Revenue

3.4%

Tax Rate

10.5%

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	12	9.1%	-39.7%	-5	-5	0	(0)	0	-5	-5
2027	13	8.5%	-27.3%	-3	-3	0	(0)	1	-4	-3
2028	14	7.9%	-14.8%	-2	-2	0	(0)	1	-2	-2
2029	15	7.3%	-2.4%	-0	-0	1	(0)	1	-1	-1
2030	16	6.7%	10.0%	2	1	1	(1)	0	1	1
2031	17	6.0%	10.0%	2	1	1	(1)	0	1	1
2032	18	5.4%	10.0%	2	2	1	(1)	0	1	1
2033	18	4.8%	10.0%	2	2	1	(1)	0	1	0
2034	19	4.2%	10.0%	2	2	1	(1)	0	1	0
2035	20	3.6%	10.0%	2	2	1	(1)	0	1	0

Enterprise Value Bridge

Sum of PV(FCFF)-7

Terminal Value (Gordon Growth at 3.0%)16

PV of Terminal Value7

Enterprise Value0

(–) Net Debt-1

Equity Value1

(÷) Shares Outstanding21

Fair Value per Share$0.04

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.0%	7.0%	10.0%	13.0%	16.0%
6.8%	$-1	$-0	$0	$1	$1
7.8%	$-1	$-0	$0	$1	$1
8.8%	$-1	$-0	$0	$0	$1
9.8%	$-1	$-0	$-0	$0	$0
10.8%	$-1	$-0	$-0	$0	$0

Current price: $0.41. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 50.5% 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

$0.42

Market Price

$0.41

Upside / Downside

+2.4%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Emerson Radio Corp. (MSN) has a fair value of $0.42 based on 3 comparable companies in the Consumer Electronics industry.

EV/Revenue Valuation — Consumer Electronics

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Emerson Radio Corp.MSN	9	0.7x	—
Gaxos.ai Inc.GXAI	9	4.3x	4.9x
Xiao-I CorporationAIXI	9	0.8x	0.9x
T Stamp Inc.IDAI	6	0.4x	0.3x
Industry Median		0.8x	0.9x
(*) Revenue		11
= Enterprise Value		8
(-) Net Debt		-1
Equity Value		9
(/) Outstanding shares		21
Fair Price		$0