Richtech Robotics Inc. Class B Common Stock

IndustrialsIndustrial - MachineryNASDAQ

$2.68

Market Cap: $492.21M

Richtech Robotics Inc. Class B Common Stock (RR) Valuation Summary

Updated May 10, 2026 19:02

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.81 – $1.30	$0.98	-63.6%
Revenue DCF 10Y	$0.66 – $1.00	$0.79	-70.7%
▸ Trading Multiples
EV/Revenue	$1.62 – $1.93	$1.73	-35.6%

Valuation History

DCF Analysis

Richtech Robotics Inc. Class B Common Stock (RR) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.79

Market Price

$2.68

Upside / Downside

-70.7%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -355.7% to a target of 10.3% over 5 years, discounted at a WACC of 8.6%, Richtech Robotics Inc. Class B Common Stock (RR) has an intrinsic value of $0.79 per share (range: $0.66 – $1.00).

Key Assumptions

Current Operating Margin

-355.7%

Target Operating Margin

10.3%

WACC

8.6%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

49.3%

Target CapEx/Rev

14.5%

D&A/Revenue

9.7%

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	9	70.6%	-282.5%	-24	-24	1	(4)	1	-29	-27
2027	15	78.3%	-209.3%	-32	-32	1	(6)	3	-40	-36
2028	10	-37.9%	-136.1%	-13	-13	1	(4)	-3	-13	-11
2029	27	184.7%	-62.9%	-17	-17	3	(10)	8	-32	-24
2030	26	-4.4%	10.3%	3	2	3	(8)	-1	-3	-2
2031	25	-3.1%	10.3%	3	2	2	(7)	-0	-2	-1
2032	25	-1.9%	10.3%	3	2	2	(6)	-0	-2	-1
2033	24	-0.7%	10.3%	3	2	2	(5)	-0	-1	-0
2034	25	0.6%	10.3%	3	2	2	(4)	0	-0	-0
2035	25	1.8%	10.3%	3	2	2	(4)	0	1	0

Enterprise Value Bridge

Sum of PV(FCFF)-102

Terminal Value (Gordon Growth at 3.0%)12

PV of Terminal Value5

Enterprise Value-97

(–) Net Debt-193

Equity Value96

(÷) Shares Outstanding122

Fair Value per Share$0.79

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
6.6%	$1	$1	$1	$1	$1
7.5%	$1	$1	$1	$1	$1
8.6%	$1	$1	$1	$1	$1
9.6%	$1	$1	$1	$1	$1
10.6%	$1	$1	$1	$1	$1

Current price: $2.68. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 46.0% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Richtech Robotics Inc. Class B Common Stock (RR) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.98

Market Price

$2.68

Upside / Downside

-63.6%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-355.7%

Target Operating Margin

10.3%

WACC

8.6%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

49.3%

Target CapEx/Rev

14.5%

D&A/Revenue

9.7%

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	9	70.6%	-282.5%	-24	-24	1	(4)	1	-28	-27
2027	15	78.3%	-209.3%	-32	-32	1	(5)	3	-39	-35
2028	10	-37.9%	-136.1%	-13	-13	1	(3)	-3	-12	-10
2029	27	184.7%	-62.9%	-17	-17	3	(6)	8	-28	-21
2030	26	-4.4%	10.3%	3	2	3	(4)	-1	1	1

Enterprise Value Bridge

Sum of PV(FCFF)-92

Terminal Value (Gordon Growth at 3.0%)26

PV of Terminal Value18

Enterprise Value-74

(–) Net Debt-193

Equity Value119

(÷) Shares Outstanding122

Fair Value per Share$0.98

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
6.6%	$1	$1	$1	$1	$1
7.5%	$1	$1	$1	$1	$1
8.6%	$1	$1	$1	$1	$1
9.6%	$1	$1	$1	$1	$1
10.6%	$1	$1	$1	$1	$1

Current price: $2.68. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 46.0% 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

$1.73

Market Price

$2.68

Upside / Downside

-35.6%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Richtech Robotics Inc. Class B Common Stock (RR) has a fair value of $1.73 based on 7 comparable companies in the Industrial - Machinery industry.

EV/Revenue Valuation — Industrial - Machinery

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Richtech Robotics Inc. Class B Common StockRR	327	26.6x	27.3x
Vestis CorporationVSTS	1,226	1.0x	1.0x
Graham CorporationGHM	1,087	5.1x	5.7x
Kornit Digital Ltd.KRNT	751	3.5x	3.6x
Transcat, Inc.TRNS	714	2.8x	2.3x
Hyster-Yale Materials Handling, Inc.HY	661	0.2x	0.3x
FTAI Infrastructure Inc.FIP	574	8.3x	12.7x
Serve Robotics Inc.SERV	560	173.3x	17.6x
Industry Median		3.5x	3.6x
(*) Revenue		5	5
= Enterprise Value		18	18
(-) Net Debt		-193	-193
Equity Value		211	211
(/) Outstanding shares		122	122
Fair Price		$2	$2

Selected Fair Value (avg of trailing + forward)

$1.73

-35.6%

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

$0.81 – $1.30

$0.98

-63.6%

Revenue DCF 10Y

$0.66 – $1.00

$0.79

-70.7%

▸ Trading Multiples

EV/Revenue

$1.62 – $1.93

$1.73

-35.6%

DCF Analysis

Richtech Robotics Inc. Class B Common Stock (RR) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.79

Market Price

$2.68

Upside / Downside

-70.7%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-355.7%

Target Operating Margin

10.3%

WACC

8.6%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

49.3%

Target CapEx/Rev

14.5%

D&A/Revenue

9.7%

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	9	70.6%	-282.5%	-24	-24	1	(4)	1	-29	-27
2027	15	78.3%	-209.3%	-32	-32	1	(6)	3	-40	-36
2028	10	-37.9%	-136.1%	-13	-13	1	(4)	-3	-13	-11
2029	27	184.7%	-62.9%	-17	-17	3	(10)	8	-32	-24
2030	26	-4.4%	10.3%	3	2	3	(8)	-1	-3	-2
2031	25	-3.1%	10.3%	3	2	2	(7)	-0	-2	-1
2032	25	-1.9%	10.3%	3	2	2	(6)	-0	-2	-1
2033	24	-0.7%	10.3%	3	2	2	(5)	-0	-1	-0
2034	25	0.6%	10.3%	3	2	2	(4)	0	-0	-0
2035	25	1.8%	10.3%	3	2	2	(4)	0	1	0

Enterprise Value Bridge

Sum of PV(FCFF)-102

Terminal Value (Gordon Growth at 3.0%)12

PV of Terminal Value5

Enterprise Value-97

(–) Net Debt-193

Equity Value96

(÷) Shares Outstanding122

Fair Value per Share$0.79

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
6.6%	$1	$1	$1	$1	$1
7.5%	$1	$1	$1	$1	$1
8.6%	$1	$1	$1	$1	$1
9.6%	$1	$1	$1	$1	$1
10.6%	$1	$1	$1	$1	$1

Current price: $2.68. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 46.0% 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

$1.73

Market Price

$2.68

Upside / Downside

-35.6%

Verdict

Overvalued

EV/Revenue Valuation — Industrial - Machinery

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Richtech Robotics Inc. Class B Common StockRR	327	26.6x	27.3x
Vestis CorporationVSTS	1,226	1.0x	1.0x
Graham CorporationGHM	1,087	5.1x	5.7x
Kornit Digital Ltd.KRNT	751	3.5x	3.6x
Transcat, Inc.TRNS	714	2.8x	2.3x
Hyster-Yale Materials Handling, Inc.HY	661	0.2x	0.3x
FTAI Infrastructure Inc.FIP	574	8.3x	12.7x
Serve Robotics Inc.SERV	560	173.3x	17.6x
Industry Median		3.5x	3.6x
(*) Revenue		5	5
= Enterprise Value		18	18
(-) Net Debt		-193	-193
Equity Value		211	211
(/) Outstanding shares		122	122
Fair Price		$2	$2

Selected Fair Value (avg of trailing + forward)

$1.73

-35.6%