NRW Holdings Limited

ASX:NWH Stock Report

Market Cap: AU$2.2b

NRW Holdings Valuation

Is NWH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NWH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AU$9.16
Fair Value
47.4% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: NWH (A$4.82) is trading below our estimate of fair value (A$9.16)

Significantly Below Fair Value: NWH is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NWH?

Key metric: As NWH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NWH. This is calculated by dividing NWH's market cap by their current earnings.
What is NWH's PE Ratio?
PE Ratio80x
EarningsAU$27.67m
Market CapAU$2.23b

Price to Earnings Ratio vs Peers

How does NWH's PE Ratio compare to its peers?

The above table shows the PE ratio for NWH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.6x
MND Monadelphous Group
27.2x6.95%AU$2.3b
MGH MAAS Group Holdings
23.7x17.54%AU$1.7b
SSM Service Stream
22.4x12.94%AU$1.4b
SRG SRG Global
37.1x18.03%AU$1.7b
NWH NRW Holdings
80x30.59%AU$2.2b

Price-To-Earnings vs Peers: NWH is expensive based on its Price-To-Earnings Ratio (80x) compared to the peer average (27.6x).

Price to Earnings Ratio vs Industry

How does NWH's PE Ratio compare vs other companies in the AU Construction Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
RDG Resource Development Group
1.4xn/aUS$15.45m
No more companies available in this PE range
NWH 80.0xIndustry Avg. 15.9xNo. of Companies4PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NWH is expensive based on its Price-To-Earnings Ratio (80x) compared to the Global Construction industry average (15.9x).

Price to Earnings Ratio vs Fair Ratio

What is NWH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NWH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio80x
Fair PE Ratio29.8x

Price-To-Earnings vs Fair Ratio: NWH is expensive based on its Price-To-Earnings Ratio (80x) compared to the estimated Fair Price-To-Earnings Ratio (29.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NWH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$4.82
AU$4.80
-0.48%
11.43%AU$5.50AU$3.50n/a10
Oct ’26AU$4.69
AU$4.45
-5.14%
9.84%AU$5.25AU$3.50n/a10
Sep ’26AU$3.80
AU$3.92
+3.05%
6.20%AU$4.20AU$3.50n/a10
Aug ’26AU$3.24
AU$3.52
+8.68%
6.70%AU$4.00AU$3.00n/a10
Jul ’26AU$2.99
AU$3.49
+16.77%
7.63%AU$4.00AU$3.00n/a10
Jun ’26AU$2.80
AU$3.49
+24.69%
7.63%AU$4.00AU$3.00n/a10
May ’26AU$2.71
AU$3.54
+30.49%
8.29%AU$4.00AU$3.00n/a10
Apr ’26AU$2.80
AU$3.54
+26.30%
8.29%AU$4.00AU$3.00n/a10
Mar ’26n/a
AU$3.92
0%
6.45%AU$4.35AU$3.37n/a10
Feb ’26AU$3.43
AU$3.92
+14.29%
6.45%AU$4.35AU$3.37n/a10
Jan ’26AU$3.84
AU$3.92
+2.08%
6.45%AU$4.35AU$3.37n/a10
Dec ’25AU$3.90
AU$3.92
+0.51%
6.45%AU$4.35AU$3.37n/a10
Nov ’25AU$3.87
AU$3.91
+0.90%
6.22%AU$4.35AU$3.37AU$4.8510
Oct ’25AU$3.65
AU$3.83
+4.79%
4.92%AU$4.10AU$3.37AU$4.6910
Sep ’25AU$3.56
AU$3.84
+7.87%
5.09%AU$4.10AU$3.37AU$3.8010
Aug ’25AU$3.33
AU$3.39
+1.87%
10.14%AU$4.00AU$2.70AU$3.249
Jul ’25AU$3.04
AU$3.27
+7.49%
9.87%AU$4.00AU$2.70AU$2.999
Jun ’25AU$3.08
AU$3.27
+6.10%
9.87%AU$4.00AU$2.70AU$2.809
May ’25AU$2.76
AU$3.23
+17.07%
9.92%AU$4.00AU$2.70AU$2.7110
Apr ’25AU$2.93
AU$3.23
+10.27%
9.92%AU$4.00AU$2.70AU$2.8010
Mar ’25AU$3.05
AU$3.23
+5.93%
9.92%AU$4.00AU$2.70n/a10
Feb ’25AU$2.72
AU$3.04
+11.85%
6.12%AU$3.40AU$2.70AU$3.439
Jan ’25AU$2.98
AU$3.04
+1.90%
6.29%AU$3.40AU$2.70AU$3.849
Dec ’24AU$2.77
AU$3.07
+10.97%
6.93%AU$3.41AU$2.70AU$3.9010
Nov ’24AU$2.48
AU$3.11
+25.32%
6.97%AU$3.41AU$2.70AU$3.879
AU$4.8
Fair Value
0.5% overvalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/03 13:34
End of Day Share Price 2025/11/03 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NRW Holdings Limited is covered by 16 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shaurya VisenBofA Global Research
Cameron BellCanaccord Genuity
Alva DeVoyCGS International