Opinion on  Force Protection Inc. (FRPT)
Good value

Force Protection, Inc. designs, manufactures and markets blast and ballistics armored vehicles for sale to military customers. Force Protection specializes in manufacturing vehicles with protection against landmines, roadside bombs and improvised explosive devices. Force Protection will continue to benefit from the positive trend of armored vehicles.

Based on a discounted cash flow valuation, shares of FRPT should be worth around $8.50/share. Assuming analyst average revenues estimates for the next 2 years, 6% revenue growth thereafter and terminal revenue growth of 3.5%. WACC of 10% and EBIT/Sales of 5%.