-39%

est. 2Y upside i

Series A

Nanotechnology-enabled coatings for automotive and defence sectors

Rank

#3584

Sector

Advanced Materials

Est. Liquidity

~1Y

Data Quality

Data: Low

The equity carries a negative expected return of -38.5% under our assumptions, primarily due to a high entry valuation ($30M on $3.8M revenue) and a large preference stack.

Last updated: July 3, 2026

Bull (25%)+32%

Successful IPO boost: 5x multiple on $9.1M revenue yields $45.6M exit, net of 20% dilution gives 32% upside. Driven by defence contracts and IPO liquidity.

Base (40%)-29%

Public comp multiple of 3x yields $27.4M exit, but entry at 5.2x revenue leads to -28.8% upside after dilution. Slow growth and competition weigh.

Bear (35%)-100%

Exit at 1.5x multiple yields $13.7M, below $15.1M preference stack. Common stock worthless. Incumbent threat and capital intensity crush value.

Est. time to liquidity~1.0 years

Preference Stack Risk

severe

Funding Intensity

50%

Total funding of $15.1M represents 50% of entry valuation, giving preferred stock a large liquidation preference.

Dilution Risk

high

Assuming 20% dilution from additional capital raises or IPO underwriting.

Secondary Liquidity

limited

No secondary market data; IPO could provide liquidity.

Other — 21 roles

View all 21 open roles at Alchemy →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Alchemy's data — designed to show you've done your homework.

  • 1

    “How does Alchemy's proprietary technology compare to Xpel's product lineup?”

  • 2

    “What is the unit economics of ExoShield and Crypsis Class? Please walk through gross margins and customer acquisition costs.”

  • 3

    “Given the pending IPO, what is your expected timeline for equity liquidity and what risk factors do you see?”

Community

Valuation Sentiment

Our model estimates -39% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.