Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Analyst consensus and Net cash floor.
ACCE opinionLiqTech International Inc. Common Stock (LIQT)
Fair value
Not available
ACCE price target
$0.33
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $0.34 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Net cash floor.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
22
out of 100
Analysts
100% buy
1 covering
P/E
0.0x
forward 28.4x
1-year return
-86.0%
Dividend yield
0.00%
LiqTech International Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
LiqTech makes silicon carbide membranes and filtration systems for industrial liquid and gas separation, along with its Ceramatec-derived ceramic filter lines used in diesel and water treatment. The structural appeal is that silicon carbide membranes can run harsher chemistry and higher temperatures than polymer alternatives, which matters in niche industrial processes where competitors struggle. The problem is that the business is shrinking and deeply unprofitable: revenue fell 12.0% over the reported period, gross margin is 9.1%, operating margin is -53.4% and ROE is -49.6%. The forward P/E of 28.4 implies the market is pricing a turnaround in earnings, yet the trailing P/E is zero and the score of 27/100 reflects weak fundamentals across the board. At a $12M market cap with no index membership, the case for a deeper look rests on whether order flow in membranes can inflect margins before the balance sheet becomes the binding constraint.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
severe
Severe cash burn
Free cash flow is -$6.5M against a $12M market cap, so the company is burning roughly half its equity value in one year. Operating margin is -53.4%.
high
Revenue shrinking and leveraged
Revenue is down 12.0% year over year, the 5-year revenue CAGR is -6.0%, and debt-to-equity is 1.66. Net margin is -63.2%.
moderate
Price above ACCE target
The stock trades 3.0% above the ACCE price target of $0.33. The reported earnings improvement of +459.2% comes off a very weak base and does not offset the cash burn.
AI research notes
AI-assisted·How I use AIWritten Oct 23, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Covering analysts see the stock rising sharply, with their average price target sitting well above where shares trade today.
Latest quarterly loss per share came in smaller than analysts expected, beating their estimate by a clear margin.
Revenue has shrunk over the past year but grew modestly on average across the last five years, so the decline may be recent.
Why it could disappoint
The company loses 63.2 cents of every dollar of sales, and its return on equity sits deeply negative at -49.6%.
Free cash flow over the last twelve months was negative $7M, leaving the business burning cash rather than generating it.
Debt is 1.66 times equity, while the diluted share count rose 52.4% last year, diluting existing shareholders.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 12, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
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Valuation
INVESTOR
Where LIQT's valuation models land
Price
$0.34
Model fair valueConfidence: low
about $0.84
Model
Fair value
Upside
Analyst consensus
Net cash floor
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Quality
INVESTOR
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