Its time for change and its on finally on the way, page-42

Unfortunately I've lost my DCF and will have to start from scratch when I have time. It was roughly 3x underpriced with modest revenue growth and a 12% discount rate from memory.

Competitive landscape is a bit crowded. I think they're (weak) competitive advantages are brand - they've been around for awhile and are trusted in automotive and management having put hundreds of thousands of $ of their own money to buy on market. If you're unfamiliar with the company this was an activist led takeover.

Competitors I've come across and very brief notes:

SMX - Financials were poor, they pay a 2.2% royalty on gross revenues until 2045 to Soreq Nuclear Research Center and it can only be used for civilian uses (they're product can't be sold to/used in fuels, oil, crude oil & other petroleum products).

DTZ - revenue growth looked good

YPB - no notes

TZL - auditor has raised "going concern"

Hope that helps and would love to hear if anyone else has done a valuation.