View Future GrowthMulti Ways Holdings 과거 순이익 실적과거 기준 점검 0/6Multi Ways Holdings 의 수입은 연평균 -21.2%의 비율로 감소해 온 반면, Trade Distributors 산업은 연평균 5.7%의 비율로 증가했습니다. 매출은 연평균 4%의 비율로 증가해 왔습니다.핵심 정보-21.19%순이익 성장률-21.88%주당순이익(EPS) 성장률Trade Distributors 산업 성장률23.44%매출 성장률3.98%자기자본이익률-1.91%순이익률-0.97%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Dec 28First half 2025 earnings released: EPS: US$0.027 (vs US$0.002 in 1H 2024)First half 2025 results: EPS: US$0.027 (up from US$0.002 in 1H 2024). Revenue: US$26.4m (up 88% from 1H 2024). Net income: US$903.0k (up US$826.0k from 1H 2024). Profit margin: 3.4% (up from 0.5% in 1H 2024). The increase in margin was driven by higher revenue.Reported Earnings • Apr 02First half 2024 earnings released: EPS: US$0.002 (vs US$0.17 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.17 loss in 1H 2023). Revenue: US$14.1m (down 1.9% from 1H 2023). Net income: US$77.0k (up US$4.82m from 1H 2023). Profit margin: 0.5% (up from net loss in 1H 2023).Reported Earnings • Jan 05First half 2024 earnings released: EPS: US$0.002 (vs US$0.15 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.15 loss in 1H 2023). Revenue: US$14.1m (down 1.9% from 1H 2023). Net income: US$77.0k (up US$4.82m from 1H 2023). Profit margin: 0.5% (up from net loss in 1H 2023).모든 업데이트 보기Recent updates공고 • May 01Multi Ways Holdings Limited announced delayed 20-F filingOn 04/30/2026, Multi Ways Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.공고 • Apr 08Multi Ways Holdings Limited Expands Electric Vehicle Product Line Through C&C Partnership NegotiationsMulti Ways Holdings Limited is currently in active negotiations with C&C to expand its line of electric vehicle products, while simultaneously preparing for the imminent commercial launch of hybrid and electric construction equipment. The Company's construction equipment is deployed in support of Changi Airport Terminal 5 and the Long Island reclamation project. In connection with these projects, Multi Ways is in active discussions with cement batching plants to integrate its latest hybrid and electric construction equipment into their operations. Securing these integrations would represent a meaningful commercial validation of the Company's electrification strategy at scale. A significant market catalyst underpinning the Company's electrification strategy is Singapore's Energy Efficiency Grant (EEG), administered through the Singapore Government's GoBusiness platform. The EEG provides funding support of up to 70% of qualifying equipment acquisition costs for eligible SME businesses in the construction sector — covering equipment categories including electric crawler cranes, electric excavators, and electric wheel loaders. The Company expects to finalize the terms of its expanded EV product arrangement with C&C and to complete near-term preparations for the commercial launch of its hybrid and electric construction equipment line.New Risk • Feb 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$13.1m market cap).Reported Earnings • Dec 28First half 2025 earnings released: EPS: US$0.027 (vs US$0.002 in 1H 2024)First half 2025 results: EPS: US$0.027 (up from US$0.002 in 1H 2024). Revenue: US$26.4m (up 88% from 1H 2024). Net income: US$903.0k (up US$826.0k from 1H 2024). Profit margin: 3.4% (up from 0.5% in 1H 2024). The increase in margin was driven by higher revenue.New Risk • Dec 09New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (US$12.9m market cap).공고 • Oct 28Multi Ways Holdings Limited, Annual General Meeting, Nov 26, 2025Multi Ways Holdings Limited, Annual General Meeting, Nov 26, 2025, at 14:00 Singapore Standard Time. Location: 3e gul circle, 629633, SingaporeNew Risk • Sep 17New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$13.2m market cap).공고 • Sep 16Multi Ways Holdings Limited has completed a Follow-on Equity Offering in the amount of $1.485 million.Multi Ways Holdings Limited has completed a Follow-on Equity Offering in the amount of $1.485 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 9,000,000 Price\Range: $0.165 Discount Per Security: $0.00825 Security Name: Warrants Security Type: Equity Warrant Securities Offered: 9,000,000 Transaction Features: Registered Direct OfferingNew Risk • Sep 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.0% per year over the past 5 years. Market cap is less than US$10m (US$8.63m market cap). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).공고 • May 01Multi Ways Holdings Limited announced delayed 20-F filingOn 04/30/2025, Multi Ways Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.Reported Earnings • Apr 02First half 2024 earnings released: EPS: US$0.002 (vs US$0.17 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.17 loss in 1H 2023). Revenue: US$14.1m (down 1.9% from 1H 2023). Net income: US$77.0k (up US$4.82m from 1H 2023). Profit margin: 0.5% (up from net loss in 1H 2023).공고 • Mar 30Multi Ways Holdings Limited has filed a Follow-on Equity Offering in the amount of $1.962 million.Multi Ways Holdings Limited has filed a Follow-on Equity Offering in the amount of $1.962 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 9,000,000 Price\Range: $0.218 Discount Per Security: $0.0109 Transaction Features: Registered Direct OfferingNew Risk • Feb 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$11.6m market cap).New Risk • Jan 11New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (US$9.58m market cap). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (7.5% increase in shares outstanding).Reported Earnings • Jan 05First half 2024 earnings released: EPS: US$0.002 (vs US$0.15 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.15 loss in 1H 2023). Revenue: US$14.1m (down 1.9% from 1H 2023). Net income: US$77.0k (up US$4.82m from 1H 2023). Profit margin: 0.5% (up from net loss in 1H 2023).New Risk • Jan 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 41% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (41% accrual ratio). Market cap is less than US$10m (US$9.41m market cap). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (7.5% increase in shares outstanding).Board Change • Dec 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chief Administration Officer & Executive Director NG Lee is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.New Risk • Oct 10New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.76m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue has declined by 6.1% over the past year. Market cap is less than US$10m (US$9.76m market cap). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.5% increase in shares outstanding).공고 • Oct 03Multi Ways Holdings Limited, Annual General Meeting, Oct 30, 2024Multi Ways Holdings Limited, Annual General Meeting, Oct 30, 2024, at 14:00 Singapore Standard Time. Location: 3e gul circle, 629633, SingaporeNew Risk • Aug 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (26% average weekly change). Revenue has declined by 6.1% over the past year. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Market cap is less than US$100m (US$12.1m market cap).Board Change • Jul 30High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chief Administration Officer & Executive Director NG Lee is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공고 • May 01Multi Ways Holdings Limited announced delayed 20-F filingOn 04/30/2024, Multi Ways Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.New Risk • Nov 08New major risk - Revenue and earnings growthRevenue has declined by 20% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Revenue has declined by 20% over the past year. Market cap is less than US$10m (US$7.00m market cap).New Risk • Nov 01New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$7.45m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Market cap is less than US$10m (US$7.45m market cap). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin).Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorates as stock falls 66%After last week's 66% share price decline to US$2.01, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 13x in the Trade Distributors industry in the US.Board Change • Apr 05High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chief Administration Officer & Executive Director NG Lee is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.매출 및 비용 세부 내역Multi Ways Holdings가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NYSEAM:MWG 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 Dec 2545010030 Sep 2544-111030 Jun 2543-212031 Mar 2537-212031 Dec 2431-311030 Sep 243329030 Jun 243677031 Mar 243649031 Dec 2336211030 Sep 2334-212030 Jun 2333-513031 Mar 2335-210031 Dec 223818030 Sep 224018030 Jun 224128031 Mar 223728031 Dec 213327031 Dec 2030170양질의 수익: MWG 은(는) 현재 수익성이 없습니다.이익 마진 증가: MWG는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: MWG은 수익성이 없으며 지난 5년 동안 손실이 연평균 21.2% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 MWG의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: MWG은 수익성이 없어 지난 해 수익 성장률을 Trade Distributors 업계(4.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: MWG는 현재 수익성이 없으므로 자본 수익률이 음수(-1.91%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCapital-goods 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/28 03:09종가2026/07/28 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Multi Ways Holdings Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • Dec 28First half 2025 earnings released: EPS: US$0.027 (vs US$0.002 in 1H 2024)First half 2025 results: EPS: US$0.027 (up from US$0.002 in 1H 2024). Revenue: US$26.4m (up 88% from 1H 2024). Net income: US$903.0k (up US$826.0k from 1H 2024). Profit margin: 3.4% (up from 0.5% in 1H 2024). The increase in margin was driven by higher revenue.
Reported Earnings • Apr 02First half 2024 earnings released: EPS: US$0.002 (vs US$0.17 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.17 loss in 1H 2023). Revenue: US$14.1m (down 1.9% from 1H 2023). Net income: US$77.0k (up US$4.82m from 1H 2023). Profit margin: 0.5% (up from net loss in 1H 2023).
Reported Earnings • Jan 05First half 2024 earnings released: EPS: US$0.002 (vs US$0.15 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.15 loss in 1H 2023). Revenue: US$14.1m (down 1.9% from 1H 2023). Net income: US$77.0k (up US$4.82m from 1H 2023). Profit margin: 0.5% (up from net loss in 1H 2023).
공고 • May 01Multi Ways Holdings Limited announced delayed 20-F filingOn 04/30/2026, Multi Ways Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.
공고 • Apr 08Multi Ways Holdings Limited Expands Electric Vehicle Product Line Through C&C Partnership NegotiationsMulti Ways Holdings Limited is currently in active negotiations with C&C to expand its line of electric vehicle products, while simultaneously preparing for the imminent commercial launch of hybrid and electric construction equipment. The Company's construction equipment is deployed in support of Changi Airport Terminal 5 and the Long Island reclamation project. In connection with these projects, Multi Ways is in active discussions with cement batching plants to integrate its latest hybrid and electric construction equipment into their operations. Securing these integrations would represent a meaningful commercial validation of the Company's electrification strategy at scale. A significant market catalyst underpinning the Company's electrification strategy is Singapore's Energy Efficiency Grant (EEG), administered through the Singapore Government's GoBusiness platform. The EEG provides funding support of up to 70% of qualifying equipment acquisition costs for eligible SME businesses in the construction sector — covering equipment categories including electric crawler cranes, electric excavators, and electric wheel loaders. The Company expects to finalize the terms of its expanded EV product arrangement with C&C and to complete near-term preparations for the commercial launch of its hybrid and electric construction equipment line.
New Risk • Feb 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$13.1m market cap).
Reported Earnings • Dec 28First half 2025 earnings released: EPS: US$0.027 (vs US$0.002 in 1H 2024)First half 2025 results: EPS: US$0.027 (up from US$0.002 in 1H 2024). Revenue: US$26.4m (up 88% from 1H 2024). Net income: US$903.0k (up US$826.0k from 1H 2024). Profit margin: 3.4% (up from 0.5% in 1H 2024). The increase in margin was driven by higher revenue.
New Risk • Dec 09New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (US$12.9m market cap).
공고 • Oct 28Multi Ways Holdings Limited, Annual General Meeting, Nov 26, 2025Multi Ways Holdings Limited, Annual General Meeting, Nov 26, 2025, at 14:00 Singapore Standard Time. Location: 3e gul circle, 629633, Singapore
New Risk • Sep 17New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$13.2m market cap).
공고 • Sep 16Multi Ways Holdings Limited has completed a Follow-on Equity Offering in the amount of $1.485 million.Multi Ways Holdings Limited has completed a Follow-on Equity Offering in the amount of $1.485 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 9,000,000 Price\Range: $0.165 Discount Per Security: $0.00825 Security Name: Warrants Security Type: Equity Warrant Securities Offered: 9,000,000 Transaction Features: Registered Direct Offering
New Risk • Sep 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.0% per year over the past 5 years. Market cap is less than US$10m (US$8.63m market cap). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
공고 • May 01Multi Ways Holdings Limited announced delayed 20-F filingOn 04/30/2025, Multi Ways Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.
Reported Earnings • Apr 02First half 2024 earnings released: EPS: US$0.002 (vs US$0.17 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.17 loss in 1H 2023). Revenue: US$14.1m (down 1.9% from 1H 2023). Net income: US$77.0k (up US$4.82m from 1H 2023). Profit margin: 0.5% (up from net loss in 1H 2023).
공고 • Mar 30Multi Ways Holdings Limited has filed a Follow-on Equity Offering in the amount of $1.962 million.Multi Ways Holdings Limited has filed a Follow-on Equity Offering in the amount of $1.962 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 9,000,000 Price\Range: $0.218 Discount Per Security: $0.0109 Transaction Features: Registered Direct Offering
New Risk • Feb 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$11.6m market cap).
New Risk • Jan 11New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (US$9.58m market cap). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (7.5% increase in shares outstanding).
Reported Earnings • Jan 05First half 2024 earnings released: EPS: US$0.002 (vs US$0.15 loss in 1H 2023)First half 2024 results: EPS: US$0.002 (up from US$0.15 loss in 1H 2023). Revenue: US$14.1m (down 1.9% from 1H 2023). Net income: US$77.0k (up US$4.82m from 1H 2023). Profit margin: 0.5% (up from net loss in 1H 2023).
New Risk • Jan 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 41% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (41% accrual ratio). Market cap is less than US$10m (US$9.41m market cap). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (7.5% increase in shares outstanding).
Board Change • Dec 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chief Administration Officer & Executive Director NG Lee is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
New Risk • Oct 10New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.76m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue has declined by 6.1% over the past year. Market cap is less than US$10m (US$9.76m market cap). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.5% increase in shares outstanding).
공고 • Oct 03Multi Ways Holdings Limited, Annual General Meeting, Oct 30, 2024Multi Ways Holdings Limited, Annual General Meeting, Oct 30, 2024, at 14:00 Singapore Standard Time. Location: 3e gul circle, 629633, Singapore
New Risk • Aug 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (26% average weekly change). Revenue has declined by 6.1% over the past year. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Market cap is less than US$100m (US$12.1m market cap).
Board Change • Jul 30High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chief Administration Officer & Executive Director NG Lee is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공고 • May 01Multi Ways Holdings Limited announced delayed 20-F filingOn 04/30/2024, Multi Ways Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.
New Risk • Nov 08New major risk - Revenue and earnings growthRevenue has declined by 20% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Revenue has declined by 20% over the past year. Market cap is less than US$10m (US$7.00m market cap).
New Risk • Nov 01New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$7.45m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Market cap is less than US$10m (US$7.45m market cap). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin).
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorates as stock falls 66%After last week's 66% share price decline to US$2.01, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 13x in the Trade Distributors industry in the US.
Board Change • Apr 05High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chief Administration Officer & Executive Director NG Lee is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.