Photocat AS (XSAT:PCAT) Intrinsic Value: Projected FCF: kr-4.88 (As of Sep. 15, 2026)

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Director of Data and Quant Analytics at GuruFocus
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XSAT:PCAT Photocat AS XSAT:PCAT
6 GF Score
Price kr4.00
! 2 Warning Signs
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What is Photocat AS Intrinsic Value: Projected FCF?

Photocat AS XSAT:PCAT 6 Intrinsic Value: Projected FCF is kr-4.88 as of Sep. 15, 2026. GuruFocus rates XSAT:PCAT with a GF Score™ of 6/100. The stock has 2 warning signs investors should review. Among 1,158 Chemicals companies, Photocat AS ranks worse than 86355.7% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-15), Photocat AS's Intrinsic Value: Projected FCF is kr-4.88. The stock price of Photocat AS is kr4.00. Therefore, Photocat AS's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Photocat AS's Intrinsic Value: Projected FCF or its related term are showing as below:

XSAT:PCAT's Price-to-Projected-FCF is not ranked *
in the Chemicals industry.
Industry Median: 1.36
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Photocat AS  (XSAT:PCAT) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Photocat AS's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=4.00/-4.8806811451736
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Photocat AS Intrinsic Value: Projected FCF Related Terms


Photocat AS Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Photocat AS's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Photocat AS Intrinsic Value: Projected FCF Chart

Photocat AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.21 -16.53 -12.32 -9.40 -4.88

Photocat AS Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -9.40 0.00 -4.88 0.00

XSAT:PCAT vs LIN, SHW, ECL: Intrinsic Value: Projected FCF Comparison

For the Specialty Chemicals subindustry, Photocat AS's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Photocat AS Price-to-Projected-FCF vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Photocat AS's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Photocat AS's Price-to-Projected-FCF falls into.


XSAT:PCAT
6GF Score
Photocat AS XSAT:PCAT
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
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Photocat AS Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Photocat AS's Free Cash Flow(6 year avg) = kr-4.33.

Photocat AS's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-4.333+14.99*0.8)/5.995
=-4.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of kr-4.88 mean?
Photocat AS (XSAT:PCAT) has a Intrinsic Value: Projected FCF of kr-4.88 as of Sep. 15, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Photocat AS and its competitors. According to the industry distribution chart, Photocat AS ranks #999999 out of 1158 companies in the Chemicals industry.
Is Photocat AS's Intrinsic Value: Projected FCF too high?
Photocat AS's current Intrinsic Value: Projected FCF is kr-4.88. Based on the distribution chart, Photocat AS ranks #999999 out of 1158 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Photocat AS has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Photocat AS's Intrinsic Value: Projected FCF compare to LIN and SHW?
According to the Chemicals industry distribution chart, Photocat AS ranks #999999 out of 1158 companies for Intrinsic Value: Projected FCF. This places Photocat AS in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.36. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Chemicals company?
The median Intrinsic Value: Projected FCF among Chemicals companies is 1.36, based on 1,158 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Photocat AS and its competitors. For the Chemicals industry, the median Intrinsic Value: Projected FCF is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photocat AS's current Intrinsic Value: Projected FCF is kr-4.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photocat AS stock overvalued right now?
Photocat AS (XSAT:PCAT) has a current Intrinsic Value: Projected FCF of kr-4.88. The current Intrinsic Value: Projected FCF is kr-4.88. Photocat AS's overall GF Score™ is 6/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Photocat AS (XSAT:PCAT), the current Intrinsic Value: Projected FCF is kr-4.88 as of Sep. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Photocat AS Business Description

Address Langebjerg 4, Roskilde, DNK, 4000
Photocat AS is a Danish green tech company has developed photocatalytic liquids and solutions designed to improve environmental conditions and potentially deliver life-saving enhancements to air quality. Its solutions are developed with both economic and scientific objectives, enabling its customers to add enhanced value when delivering their own products, such as roofing membranes, coatings, roads, and flooring. The company markets its products under the NOxOFF, Actifloor, ShineOn, and Photocat Garden trademarks. All products are currently in the early stages of their lifecycle, due to the nature of the underlying technology and processes. Its solutions include NOxOFF Concrete, NOxOFF Bitumen, NOxOFF Asphalt, Photocat Garden, and Actifloor.
6GF Score

Get the complete analysis for XSAT:PCAT

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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