Stock fact sheet · data as of
FatPipe, Inc. (FATN): fair value, margin of safety and Wheel Score
Ticker symbol FATN · Technology · Software - Infrastructure · United States · Blend
Is FATN undervalued?
FATN has a margin of safety of 62%: the stock closed at 5.10 on 5 Nov 2026 against a GLS average fair value of 13.33. 4 of the 6 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between DCF (2.13) and GLS Growth (29.03). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for FATN, so the nightly engine files it under Blend (value score 61, growth score 80, out of 100).
Nine valuation models for FATN
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 2.13 | -58% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 4.58 | -10% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 27.13 | +432% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 11.86 | +132% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 29.03 | +469% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 5.27 | +3% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.5060 | -90% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 8.00 | +57% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
FatPipe, Inc. scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. On durability FATN scores 6.2/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are high - ROIC 16.1%, ROE 19.7%, ROA 14.4% - with debt at 0.23 times equity and negative free cash flow.
FatPipe, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Product 70%, Service 19%, Consulting 11% (quarter Q1 FY2026).
Institutional ownership scores 5/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 16.1% |
|---|---|---|---|
| GLS Moat | 6.2 / 10 | ROE | 19.7% |
| Debt / equity | 0.23 | ROA | 14.4% |
| Free-cash-flow yield | -3.4% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 28: No options
No options are listed on FatPipe, Inc. in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 28, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 21k shares a day on a market cap of $72M, with a beta of 2.90 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Fails | debt with no positive cash flow to repay it |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $72M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 62% below fair value | |
| Premium | Weak | no option data | |
| Moat | Good | moat 6.2/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Weak | beta 2.90, $72M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for FATN in the nightly calendar.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Infrastructure
The 12 companies below are the closest to FatPipe, Inc. by market cap within the Software - Infrastructure industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| WETO Wetour Robotics Limited | 0.8689 | - | - | 10No options | $71M |
| BCRD Blueone Card Inc. | 5.53 | - | - | 11No options | $80M |
| AISP Airship AI Holdings, Inc. | 1.85 | 23.92 | +92% | 27Weak | $64M |
| SWMR Swarmer, Inc Common Stock | 7.73 | 0.4502 | -1617% | 14No options | $84M |
| AGPU Axe Compute Inc. | 7.44 | 0.7666 | -871% | 11No options | $85M |
| USIO Usio, Inc. | 3.00 | 0.6052 | -396% | 31Weak | $85M |
| VERI Veritone, Inc. | 0.5646 | - | - | 9Weak | $57M |
| LIDR AEye, Inc. | 1.01 | 1.06 | +5% | 10No options | $47M |
| XNET Xunlei Limited | 3.52 | 148.60 | +98% | 32Weak | $45M |
| SKYA SkyAI, Inc. | 2.95 | 0.2846 | -937% | 13Weak | $128M |
| VHC VirnetX Holding Corp | 9.65 | 3.83 | -152% | 9No options | $40M |
| SKKY Skkynet Cloud Systems, Inc. | 0.6980 | 0.1079 | -547% | 12No options | $37M |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about FATN
Is FATN undervalued right now?
By the GLS models, yes: at 5.10 the stock is 62% below the average fair value of 13.33 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FATN and what does it mean?
FATN has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for FATN?
13.33 per share as of 5 Nov 2026 - the simple average of the 6 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does FatPipe, Inc. report earnings next?
No upcoming earnings date is recorded for FATN in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does FATN have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FATN, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.