SmartKem Inc (SMTK)

NASD · Technology · Semiconductor Equipment & Materials · United Kingdom

SmartKem Inc is a micro cap company (market value under $300 million) in the Semiconductor Equipment & Materials industry.

SmartKem develops proprietary TRUFLEX® semiconductor polymers enabling low-temperature printing for display technologies including MicroLED, LCD, and AMOLED. The company supplies its materials as stable liquid inks with production specifications to customers and provides advanced packaging materials for semiconductor applications. SmartKem operates research facilities in Manchester, UK, and collaborates with partners on commercial manufacturing processes.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the SmartKem Inc stock.

Our verdict on SMTK

No reliable verdict: intrinsic value $4.85 per share, market price $0.28 (as of 2026-10-30).

A revenue multiple, adjusted for growth and margin, would put the shares at $4.85: 17 times the price of $0.28. A gap that size says more about a model than about the market. It usually means heavy debt, where a small error in the value of the business becomes a large one in the value of the shares, or a business our method does not describe. We do not publish a verdict on this one.

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Is SMTK undervalued or overvalued?

We do not publish a verdict on SMTK. A revenue multiple, adjusted for growth and margin, would put the shares at $4.85: 17 times the price of $0.28. A gap that size says more about a model than about the market. It usually means heavy debt, where a small error in the value of the business becomes a large one in the value of the shares, or a business our method does not describe. We do not publish a verdict on this one.

What is the intrinsic value of SMTK?

We do not publish one (as of the 2026-10-30 close). A revenue multiple, adjusted for growth and margin, would put the shares at $4.85: 17 times the price of $0.28. A gap that size says more about a model than about the market. It usually means heavy debt, where a small error in the value of the business becomes a large one in the value of the shares, or a business our method does not describe. We do not publish a verdict on this one.