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Updated 1d ago
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Solowin HoldingsNasdaqCM:AXG Stock Report

Market Cap US$393.9m
Updated 1d ago
Share Price
n/a
1Y-19.5%
7D7.5%
1D5.4%
Portfolio Value
​
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Solowin Holdings

NasdaqCM:AXG Stock Report

Market Cap: US$393.9m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Solowin Holdings (AXG) Stock Overview

An investment holding company, operates as a fintech company in Hong Kong. More details

AXG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Risk Analysis

Earnings have declined by 56.9% per year over past 5 years

Has less than 1 year of cash runway


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US$
Current Price
US$2.1520.4% undervalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-13m202m2016201920222025202620282031Revenue US$202.2mEarnings US$58.9m
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Solowin Holdings Competitors

UP Fintech Holding

Symbol: NasdaqGS:TIGR
Market cap: US$863.3m

Garden Stage

Symbol: NasdaqCM:GSIW
Market cap: US$153.2m

BRC Group Holdings

Symbol: NasdaqGM:RILY
Market cap: US$250.8m

Bitgo Holdings

Symbol: NYSE:BTGO
Market cap: US$926.3m

Price History & Performance

Summary of share price highs, lows and changes for Solowin Holdings
Historical stock prices
Current Share PriceUS$2.15
52 Week HighUS$4.75
52 Week LowUS$1.90
Beta-0.13
1 Month Change-20.37%
3 Month Change-36.01%
1 Year Change-19.48%
3 Year Change-12.24%
5 Year Changen/a
Change since IPO-64.64%

Recent News & Updates

Recent updates

Seeking Alpha • Oct 09

Solowin Holdings: Structural Vulnerabilities And Competitive Headwinds

Summary Solowin Holdings faces deep structural and competitive challenges, making its current valuation unsustainable and justifying a Strong Sell rating. SWIN's offshore Cayman Islands structure exposes investors to significant regulatory risks, especially if Beijing expands oversight over Hong Kong-based firms. The company operates in a highly competitive, fee-compressed Hong Kong brokerage market, lacking scale, pricing power, and suffering widening losses despite revenue growth. SWIN trades at a substantial premium to sector and peers, with a target price of $0.93 implying 68% downside from current levels. Read the full article on Seeking Alpha

Shareholder Returns

AXGUS Capital MarketsUS Market
7D7.5%-4.1%-1.5%
1Y-19.5%1.3%13.3%

Return vs Industry: AXG underperformed the US Capital Markets industry which returned 1.3% over the past year.

Return vs Market: AXG underperformed the US Market which returned 13.3% over the past year.

Price Volatility

Is AXG's price volatile compared to industry and market?
AXG volatility
AXG Average Weekly Movement6.2%
Capital Markets Industry Average Movement3.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.3%
10% least volatile stocks in US Market2.9%

Stable Share Price: AXG has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: AXG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
202180Ling Ngai Loksolowin.io

Solowin Holdings, an investment holding company, operates as a fintech company in Hong Kong. The company offers AX COIN, an enterprise-grade stablecoin issuance for regulated stablecoin issuance and B2B infrastructure for payments, treasury management, and tokenized assets settlement; Solomon VA+ platform for trading listed securities and derivative products; and trust services, company secretarial services, and related corporate administration solutions. It also provides FERION, an end-to-end RWA tokenization platform to tokenize traditional financial and real-world assets for financial institutions, asset managers, and corporations; AX ONE, an institutional-grade digital currency treasury center and payment infrastructure; KOVAR, an AI and Web4.0 infrastructure platform, such as KYA to identity, permission, behavior, and risk governance layer for AI agents operating in Web3 and enterprise environments; and KovaRouter, an enterprise AI model aggregation and intelligent routing platform.

Solowin Holdings Fundamentals Summary

How do Solowin Holdings's earnings and revenue compare to its market cap?
AXG fundamental statistics
Market capUS$393.93m
Earnings (TTM)-US$13.17m
Revenue (TTM)US$27.60m
15.0x
P/S Ratio
-31.5x
P/E Ratio

Is AXG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AXG income statement (TTM)
RevenueUS$27.60m
Cost of RevenueUS$501.00k
Gross ProfitUS$27.09m
Other ExpensesUS$40.27m
Earnings-US$13.17m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.068
Gross Margin98.18%
Net Profit Margin-47.74%
Debt/Equity Ratio20.8%

How did AXG perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 01:29
End of Day Share Price 2026/09/15 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

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
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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 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

Solowin Holdings is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hunter DiamondDiamond Equity Research LLC

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