TransAct Technologies Incorporated

TACT

TechnologyComputer HardwareNASDAQ

$3.28

Market Cap: $33.71M

TransAct Technologies Incorporated (TACT) Valuation Summary

Updated Apr 16, 2026 22:14

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.78 – $11.39	$3.21	-3.3%
Revenue DCF 10Y	$0.80 – $14.13	$4.67	+40.8%
▸ Trading Multiples
EV/Revenue	$4.20 – $8.25	$6.27	+88.9%

Valuation History

DCF Analysis

TransAct Technologies Incorporated (TACT) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$4.67

Market Price

$3.28

Upside / Downside

+42.4%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -2.8% to a target of 10.1% over 5 years, discounted at a WACC of 9.1%, TransAct Technologies Incorporated (TACT) has an intrinsic value of $4.67 per share (range: $0.80 – $14.13).

Key Assumptions

Current Operating Margin

-2.8%

Target Operating Margin

10.1%

WACC

9.1%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

1.6%

Target CapEx/Rev

6.0%

D&A/Revenue

2.1%

Tax Rate

19.6%

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	55	6.6%	-0.2%	-0	-0	1	(1)	5	-5	-4
2027	59	6.9%	2.4%	1	1	1	(1)	1	-0	-0
2028	63	6.9%	4.9%	3	2	1	(2)	1	1	1
2029	67	6.9%	7.5%	5	4	1	(2)	1	2	1
2030	72	6.9%	10.1%	7	6	2	(3)	2	3	2
2031	76	6.3%	10.1%	8	6	2	(3)	1	3	2
2032	81	5.6%	10.1%	8	7	2	(4)	1	3	2
2033	85	5.0%	10.1%	9	7	2	(4)	1	3	2
2034	88	4.3%	10.1%	9	7	2	(5)	1	3	1
2035	91	3.6%	10.1%	9	7	2	(5)	1	3	1

Enterprise Value Bridge

Sum of PV(FCFF)7

Terminal Value (Gordon Growth at 3.0%)47

PV of Terminal Value20

Enterprise Value27

(–) Net Debt-20

Equity Value47

(÷) Shares Outstanding10

Fair Value per Share$4.67

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.1%	7.1%	10.1%	13.1%	16.1%
7.1%	$1	$3	$6	$10	$14
8.1%	$1	$2	$5	$8	$11
9.1%	$1	$2	$5	$7	$10
10.1%	$1	$2	$4	$6	$8
11.1%	$1	$2	$4	$6	$7

Current price: $3.28. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 33.3% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

TransAct Technologies Incorporated (TACT) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$3.21

Market Price

$3.28

Upside / Downside

-2.1%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-2.8%

Target Operating Margin

10.1%

WACC

9.1%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

1.6%

Target CapEx/Rev

6.0%

D&A/Revenue

2.1%

Tax Rate

19.6%

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	55	6.6%	-0.2%	-0	-0	1	(1)	5	-5	-5
2027	59	6.9%	2.4%	1	1	1	(2)	1	-1	-1
2028	63	6.9%	4.9%	3	2	1	(3)	1	-0	-0
2029	67	6.9%	7.5%	5	4	1	(3)	1	1	0
2030	72	6.9%	10.1%	7	6	2	(4)	2	1	1

Enterprise Value Bridge

Sum of PV(FCFF)-4

Terminal Value (Gordon Growth at 3.0%)25

PV of Terminal Value17

Enterprise Value13

(–) Net Debt-20

Equity Value32

(÷) Shares Outstanding10

Fair Value per Share$3.21

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.1%	7.1%	10.1%	13.1%	16.1%
7.1%	$1	$1	$4	$8	$11
8.1%	$1	$1	$4	$6	$9
9.1%	$1	$1	$3	$6	$8
10.1%	$1	$1	$3	$5	$7
11.1%	$1	$1	$3	$4	$6

Current price: $3.28. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 33.3% 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

$6.27

Market Price

$3.28

Upside / Downside

+91.2%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), TransAct Technologies Incorporated (TACT) has a fair value of $6.27 based on 5 comparable companies in the Computer Hardware industry.

EV/Revenue Valuation — Computer Hardware

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
TransAct Technologies IncorporatedTACT	33	0.3x	0.2x
Odysight.ai Inc.ODYS	91	22.0x	16.6x
Soluna Holdings, Inc.SLNH	33	1.2x	1.5x
Key Tronic CorporationKTCC	30	0.3x	0.2x
Neonode Inc.NEON	26	0.6x	0.5x
U-BX Technology Ltd.UBXG	24	0.4x	—
Industry Median		0.6x	1.0x
(*) Revenue		51	57
= Enterprise Value		30	57
(-) Net Debt		-20	-20
Equity Value		50	77
(/) Outstanding shares		10	10
Fair Price		$5	$8

Selected Fair Value (avg of trailing + forward)

$6.27

+91.2%

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

$0.78 – $11.39

$3.21

-3.3%

Revenue DCF 10Y

$0.80 – $14.13

$4.67

+40.8%

▸ Trading Multiples

EV/Revenue

$4.20 – $8.25

$6.27

+88.9%

DCF Analysis

TransAct Technologies Incorporated (TACT) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$4.67

Market Price

$3.28

Upside / Downside

+42.4%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-2.8%

Target Operating Margin

10.1%

WACC

9.1%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

1.6%

Target CapEx/Rev

6.0%

D&A/Revenue

2.1%

Tax Rate

19.6%

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	55	6.6%	-0.2%	-0	-0	1	(1)	5	-5	-4
2027	59	6.9%	2.4%	1	1	1	(1)	1	-0	-0
2028	63	6.9%	4.9%	3	2	1	(2)	1	1	1
2029	67	6.9%	7.5%	5	4	1	(2)	1	2	1
2030	72	6.9%	10.1%	7	6	2	(3)	2	3	2
2031	76	6.3%	10.1%	8	6	2	(3)	1	3	2
2032	81	5.6%	10.1%	8	7	2	(4)	1	3	2
2033	85	5.0%	10.1%	9	7	2	(4)	1	3	2
2034	88	4.3%	10.1%	9	7	2	(5)	1	3	1
2035	91	3.6%	10.1%	9	7	2	(5)	1	3	1

Enterprise Value Bridge

Sum of PV(FCFF)7

Terminal Value (Gordon Growth at 3.0%)47

PV of Terminal Value20

Enterprise Value27

(–) Net Debt-20

Equity Value47

(÷) Shares Outstanding10

Fair Value per Share$4.67

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.1%	7.1%	10.1%	13.1%	16.1%
7.1%	$1	$3	$6	$10	$14
8.1%	$1	$2	$5	$8	$11
9.1%	$1	$2	$5	$7	$10
10.1%	$1	$2	$4	$6	$8
11.1%	$1	$2	$4	$6	$7

Current price: $3.28. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 33.3% 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

$6.27

Market Price

$3.28

Upside / Downside

+91.2%

Verdict

Undervalued

EV/Revenue Valuation — Computer Hardware

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
TransAct Technologies IncorporatedTACT	33	0.3x	0.2x
Odysight.ai Inc.ODYS	91	22.0x	16.6x
Soluna Holdings, Inc.SLNH	33	1.2x	1.5x
Key Tronic CorporationKTCC	30	0.3x	0.2x
Neonode Inc.NEON	26	0.6x	0.5x
U-BX Technology Ltd.UBXG	24	0.4x	—
Industry Median		0.6x	1.0x
(*) Revenue		51	57
= Enterprise Value		30	57
(-) Net Debt		-20	-20
Equity Value		50	77
(/) Outstanding shares		10	10
Fair Price		$5	$8

Selected Fair Value (avg of trailing + forward)

$6.27

+91.2%