Windward Ltd.

AIM:WNWD Stock Report

Market Cap: UK£183.0m

Windward Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
UK£1.82
Fair Value
14.9% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: WNWD (£2.09) is trading above our estimate of fair value (£1.82)

Significantly Below Fair Value: WNWD is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As WNWD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for WNWD. This is calculated by dividing WNWD's market cap by their current revenue.
What is WNWD's PS Ratio?
PS Ratio7x
SalesUS$33.09m
Market CapUS$231.36m

Price to Sales Ratio vs Peers

How does WNWD's PS Ratio compare to its peers?

The above table shows the PS ratio for WNWD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.3x
NET Netcall
4.8x15.5%UK£186.0m
ACSO accesso Technology Group
1.6x5.7%UK£197.5m
APTD Aptitude Software Group
2.5x4.6%UK£182.7m
IGP Intercede Group
4.3x-10.6%UK£91.8m
WNWD Windward
7x16.3%UK£183.0m

Price-To-Sales vs Peers: WNWD is expensive based on its Price-To-Sales Ratio (7x) compared to the peer average (3.3x).

Price to Sales Ratio vs Industry

How does WNWD's PS Ratio compare vs other companies in the GB Software Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
ZOO ZOO Digital Group
0.4x13.7%US$20.53m
SWG Shearwater Group
0.4x19.4%US$11.30m
MBO MobilityOne
0.009xn/aUS$2.76m
CCS Crossword Cybersecurity
0.5xn/aUS$2.46m
WNWD 7.0xIndustry Avg. 2.2xNo. of Companies11PS0246810+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: WNWD is expensive based on its Price-To-Sales Ratio (7x) compared to the UK Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

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

WNWD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7x
Fair PS Ratio4.6x

Price-To-Sales vs Fair Ratio: WNWD is expensive based on its Price-To-Sales Ratio (7x) compared to the estimated Fair Price-To-Sales Ratio (4.6x).

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 WNWD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£2.09
UK£2.10
+0.5%
3.4%UK£2.15UK£2.00n/a3
Feb ’26UK£2.06
UK£2.10
+1.9%
3.4%UK£2.15UK£2.00n/a3
Jan ’26UK£2.08
UK£1.72
-17.5%
13.6%UK£2.00UK£1.43n/a3
Dec ’25UK£1.21
UK£1.72
+41.9%
13.6%UK£2.00UK£1.43n/a3
Nov ’25UK£1.40
UK£1.72
+22.6%
13.6%UK£2.00UK£1.43n/a3
Oct ’25UK£1.30
UK£1.72
+32.1%
13.6%UK£2.00UK£1.43n/a3
Sep ’25UK£1.38
UK£1.72
+24.8%
13.6%UK£2.00UK£1.43n/a3
Aug ’25UK£1.03
UK£1.51
+47.0%
10.1%UK£1.72UK£1.37n/a3
Jul ’25UK£0.97
UK£1.43
+48.0%
3.4%UK£1.49UK£1.37n/a3
Jun ’25UK£0.99
UK£1.43
+44.4%
3.4%UK£1.49UK£1.37n/a3
May ’25UK£1.01
UK£1.42
+41.6%
2.9%UK£1.47UK£1.37n/a3
Apr ’25UK£1.10
UK£1.42
+29.4%
2.9%UK£1.47UK£1.37n/a3
Mar ’25UK£1.12
UK£1.36
+21.1%
4.2%UK£1.43UK£1.29n/a3
Feb ’25UK£1.10
UK£1.36
+23.3%
4.2%UK£1.43UK£1.29UK£2.063
Jan ’25UK£0.83
UK£1.19
+42.5%
3.4%UK£1.23UK£1.15UK£2.082
Oct ’24UK£0.61
UK£1.07
+74.6%
8.0%UK£1.15UK£0.98UK£1.302
Sep ’24UK£0.47
UK£1.07
+124.2%
8.0%UK£1.15UK£0.98UK£1.382
Aug ’24UK£0.53
UK£1.07
+102.9%
8.0%UK£1.15UK£0.98UK£1.032
Jul ’24UK£0.53
UK£1.07
+102.9%
8.0%UK£1.15UK£0.98UK£0.972
Jun ’24UK£0.40
UK£1.07
+166.2%
8.0%UK£1.15UK£0.98UK£0.992
May ’24UK£0.46
UK£1.07
+131.5%
8.0%UK£1.15UK£0.98UK£1.012
Apr ’24UK£0.40
UK£1.07
+166.2%
8.0%UK£1.15UK£0.98UK£1.102
Analyst Price Target
Consensus Narrative from 3 Analysts
UK£2.10
Fair Value
0.5% undervalued intrinsic discount
3
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/21 09:15
End of Day Share Price 2025/02/21 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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

Windward Ltd. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kai KorscheltCanaccord Genuity
Johnathan BarrettPanmure Liberum
Johnathan BarrettPanmure Liberum