NRW Holdings Limited

CHIA:NWH Stock Report

Market Cap: AU$1.8b

NRW Holdings Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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.

Below Fair Value: NWH (A$3.87) is trading below our estimate of fair value (A$4.42)

Significantly Below Fair Value: NWH is trading below fair value, but not by a significant amount.

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 Ratio16.9x
EarningsAU$105.10m
Market CapAU$1.78b

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 Average20.7x
MND Monadelphous Group
22.4x9.1%AU$1.4b
VNT Ventia Services Group
15.3x8.2%AU$3.1b
MGH MAAS Group Holdings
23.3x20.3%AU$1.7b
JLG Johns Lyng Group
21.8x11.5%AU$1.1b
NWH NRW Holdings
16.9x11.0%AU$1.8b

Price-To-Earnings vs Peers: NWH is good value based on its Price-To-Earnings Ratio (16.9x) compared to the peer average (20.7x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
NWH 16.9xIndustry Avg. 16.1xNo. of Companies4PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NWH is expensive based on its Price-To-Earnings Ratio (16.9x) compared to the Australian Construction industry average (16x).

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 Ratio16.9x
Fair PE Ratio20.1x

Price-To-Earnings vs Fair Ratio: NWH is good value based on its Price-To-Earnings Ratio (16.9x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).

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$3.87
AU$3.92
+1.3%
6.4%AU$4.35AU$3.37n/a10
Dec ’25AU$3.89
AU$3.92
+0.8%
6.4%AU$4.35AU$3.37n/a10
Nov ’25AU$3.87
AU$3.91
+0.9%
6.2%AU$4.35AU$3.37n/a10
Oct ’25AU$3.62
AU$3.83
+5.7%
4.9%AU$4.10AU$3.37n/a10
Sep ’25AU$3.54
AU$3.84
+8.5%
5.1%AU$4.10AU$3.37n/a10
Aug ’25AU$3.33
AU$3.39
+1.9%
10.1%AU$4.00AU$2.70n/a9
Jul ’25AU$3.04
AU$3.27
+7.5%
9.9%AU$4.00AU$2.70n/a9
Jun ’25AU$3.07
AU$3.27
+6.4%
9.9%AU$4.00AU$2.70n/a9
May ’25AU$2.75
AU$3.23
+17.5%
9.9%AU$4.00AU$2.70n/a10
Apr ’25AU$2.94
AU$3.23
+9.9%
9.9%AU$4.00AU$2.70n/a10
Mar ’25AU$3.05
AU$3.23
+5.9%
9.9%AU$4.00AU$2.70n/a10
Feb ’25AU$2.72
AU$3.04
+11.8%
6.1%AU$3.40AU$2.70n/a9
Jan ’25AU$2.97
AU$3.04
+2.4%
6.3%AU$3.40AU$2.70AU$3.879
Dec ’24AU$2.77
AU$3.07
+11.0%
6.9%AU$3.41AU$2.70AU$3.8910
Nov ’24AU$2.49
AU$3.11
+24.8%
7.0%AU$3.41AU$2.70AU$3.879
Oct ’24AU$2.71
AU$3.11
+14.7%
7.0%AU$3.41AU$2.70AU$3.629
Sep ’24AU$2.80
AU$3.10
+10.7%
7.4%AU$3.41AU$2.70AU$3.548
Aug ’24AU$2.70
AU$3.02
+11.9%
8.7%AU$3.41AU$2.50AU$3.338
Jul ’24AU$2.54
AU$3.02
+18.7%
8.7%AU$3.41AU$2.50AU$3.048
Jun ’24AU$2.14
AU$3.00
+40.3%
9.0%AU$3.41AU$2.50AU$3.078
May ’24AU$2.47
AU$2.94
+19.2%
8.0%AU$3.29AU$2.50AU$2.757
Apr ’24AU$2.40
AU$2.94
+22.7%
8.0%AU$3.29AU$2.50AU$2.947
Mar ’24AU$2.57
AU$2.93
+14.0%
7.7%AU$3.29AU$2.50AU$3.058
Feb ’24AU$2.99
AU$2.84
-4.9%
9.7%AU$3.32AU$2.50AU$2.728
Jan ’24AU$2.81
AU$2.84
+1.2%
9.7%AU$3.32AU$2.50AU$2.978

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 06:49
End of Day Share Price 2025/01/02 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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 here.

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 .

Analyst Sources

NRW Holdings Limited is covered by 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Moira DawAPP Securities Pty Ltd.
Roy HarrisonBofA Global Research
Shaurya VisenBofA Global Research