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Multi Ways Holdings Ltd (MWG) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Multi Ways Holdings Ltd stock $2.04, price $1.35, upside +51.1%, quality 50 out of 100. Rating: strongly undervalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials US · Based in Singapore · ISIN KYG6362F1164

MW Multi Ways Holdings Ltd logo Some data Nov 4, 2026

Multi Ways Holdings Ltd

MWG · US
Undervalued, but in a downtrend

The stock costs 34% less than our calculation considers fair.

Fair value $2.04 · Strongly undervalued
Low debt
Generates free cash flow
Ranks above peers (8/12)
Even on cautious assumptions the value is 36% above the price ($1.83).
Quality 50/100
Mixed Growth (revenue 5y +8.4 %/yr in USD)
Some data
Loss-making · -1.0% net margin (TTM)
Narrow moat 15/100 · thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$88.70 $1.14 Fair Value $2.04 Apr 2023 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

43‑month range $1.14 – $88.70 · fair‑value band $1.83 – $2.23 · the $1.35 price screens below the $2.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

Multi Ways Holdings Limited engages in the sale and rental of heavy construction equipment in Singapore, Canada, Australia, and internationally.

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It supplies and rents new and used heavy construction equipment in the infrastructure, building construction, mining, offshore and marine, and oil and gas industries.

The company offers earth-moving equipment, such as bulldozers, off-terrain dump trucks, excavators, and wheel loaders; material-handling equipment, including crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts, and telescopic handlers; road-building equipment comprising motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers, and mini excavators; and air compressors, generators, lighting towers, and welding machines.

The company was founded in 1988 and is based in Singapore. Multi Ways Holdings Limited is a subsidiary of MWE Investments Limited.

Stock analysis

Multi Ways Holdings Ltd (MWG) currently trades at $1.35, while our model-based Fair Value estimate is $2.04, implying the stock looks roughly 34% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of $11.73 per share, and 12 of the 14 models we run sit above the $1.35 price.

Bear case: the Multiples group reads lowest at $0.7800, and 2 of the 14 models stay below the price. Data coverage for this calculation is medium.

Scenario range: $1.83 (bear) to $2.23 (bull), the price of $1.35 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 50/100 (solid quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Multi Ways Holdings Ltd reported revenue of $44.8M in FY2025 versus $33.4M in FY2021, a compound +7.6%/yr. Reported net income was −$433K in FY2025.

Key figures

Market cap $7.5M Micro · P/S ratio 0.17 · EPS (TTM) $−0.1100 · Net margin −1.0% · Return on equity −2.0% · Return on assets (EBIT) 0.2% (5-year average) · Operating margin −5.1% · Revenue (TTM) $44.8M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).

What moves the price

The share trades about 64% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −15% fair-value upside, at 51%, MWG screens cheaper than that median.

Fair Value models

Bear $1.83 Fair Value $2.04 Bull $2.23
Price $1.35 · Upside +51.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF $11.92 $15.81 $22.56 81
Growth DCF $12.35 $16.07 $22.03 79
Owner Earnings $4.93 $6.47 $9.14 77
All 14 models by family
DCF Models
FCF DCF $11.92 $15.81 $22.56 81
Owner Earnings $4.93 $6.47 $9.14 77
5Y Revenue Exit $6.10 $7.10 $8.53 74
5Y EBITDA Exit $7.23 $9.07 $11.51 77
10Y Revenue Exit $8.44 $9.38 $10.24 68
10Y EBITDA Exit $9.14 $10.54 $11.90 70
Earnings-Based
EPV $1.83 $2.04 $2.23 74
Multiples
EV/EBIT n/a $0.7800 $1.58 61
EV/EBITDA $1.67 $3.05 $4.43 65
EV/Revenue n/a $0.0100 >$0.0400 50
Asset-Based
NCAV (Graham) $2.20 $3.33 $4.16 55
Growth DCF
Growth DCF $12.35 $16.07 $22.03 79
Rev-Margin DCF $6.10 $7.39 $9.15 74
Economic Profit
ROIC Compounder $1.83 $2.04 $2.23 72

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Quality Score breakdown

Overall quality 50/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 28
How much profit the company makes from its sales and capital
Quality Growth 76
Are margins and returns getting better?
Cashflow 62
Do the profits arrive as real cash?
Financial strength 32
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 24
How calm the share price moves, does not count
Price momentum 25
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 4
Distance to the 52-week high, does not count
New shares 60
Buys back shares or issues new ones?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+44.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
Start year 2020 (pandemic). Over 10 years: −48.7% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−24.9%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−2.0% (2020) → 1.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Rental & Leasing Services · 85 stocks

Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 50 · Above median
Fair Value upside +51.1% · Above median
Profitability
Return on assets −0.9% · Bottom 25%
Net margin (12 months) −1.0% · Bottom 25%
Operating margin (12 months) −5.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 8.0% · Above median

Valuation Multiplesvs Rental & Leasing Services median · lower = cheaper

P/B 0.42× · Cheapest 25%
P/S (12 months) 0.17× · Cheapest 25%
Price / free cash flow (fiscal year) 1.9× · Cheapest 25%
EV/EBITDA 5.0× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 72
FUTURE (revenue growth)40 · sector 39
PAST (return on equity)0 · sector 31
HEALTH (low debt)100 · sector 63
DIVIDEND (yield)0 · sector 62

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Rental & Leasing Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
BOC Aviation Limited 2588 HK$80.10 HK$145.93 +82% vs MWG
AerCap Holdings AER $169.64 $198.34 +17% vs MWG
Element Fleet Management Corp EFN C$20.08 C$21.70 +8% vs MWG
Sixt SE SIX2 €75.40 €74.96 −1% vs MWG
Sunbelt Rentals Holdings SUNB $77.05 $65.76 −15% vs MWG
GATX Corporation GATX $182.74 $129.05 −29% vs MWG
Ryder System, Inc R $266.39 $161.31 −39% vs MWG
United Rentals, Inc URI $1,056 $436.95 −59% vs MWG
EquipmentShare.com Inc EQPT $14.68 $5.43 −63% vs MWG
U-Haul Holding UHAL $56.74 $8.90 −84% vs MWG

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Multi Ways Holdings Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Multi Ways Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MWG

Frequently asked questions

Is Multi Ways Holdings Ltd (MWG) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $2.04 versus a price of $1.35, about +51% upside (undervalued).
What is the fair value of MWG?
Our model-based fair value for Multi Ways Holdings Ltd is $2.04 (as of Nov 4, 2026), built from audited fundamentals. The current price: $1.35.
What is the quality score of MWG?
Multi Ways Holdings Ltd has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Multi Ways Holdings Ltd (MWG)?
Our model-based price target is the fair value of $2.04 (as of Nov 4, 2026) from 14 valuation models. Cautious scenario $1.83, optimistic scenario $2.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Multi Ways Holdings Ltd stock forecast for 2026?
Our models put fair value at $2.04, about +51% upside versus a price of $1.35 (undervalued). Cautious scenario $1.83, optimistic scenario $2.23. The calculation is refreshed regularly with new filings.
What is the revenue of Multi Ways Holdings Ltd (MWG)?
Multi Ways Holdings Ltd reported trailing-twelve-month revenue of about $44.8M (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Multi Ways Holdings Ltd (MWG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Multi Ways Holdings Ltd it is $2.04 per share (as of Nov 4, 2026), against a price of $1.35. It is the blended result of 14 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Multi Ways Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, MWG trades below its calculated fair value: price $1.35, fair value $2.04, a gap of about +51% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MWG?
No. The price is what the market pays today ($1.35); the fair value is what the company's own numbers justify ($2.04). For Multi Ways Holdings Ltd the two are $0.6900 per share apart. That gap is exactly why we show both numbers side by side.
How much is Multi Ways Holdings Ltd worth?
The market values Multi Ways Holdings Ltd at about $7.5M (market capitalisation, as of Nov 4, 2026). Per share that is $1.35; our models calculate a fair value of $2.04 per share.
What do the bullish and bearish scenarios say about MWG?
Our models span a range for Multi Ways Holdings Ltd: cautious scenario $1.83, base $2.04, optimistic $2.23 per share (as of Nov 4, 2026, price $1.35). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Multi Ways Holdings Ltd (MWG)?
Balance-sheet figures for Multi Ways Holdings Ltd (as of Nov 4, 2026): return on equity −2.0%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is MWG from its 52-week high?
Multi Ways Holdings Ltd trades at $1.35, about 64% below its 52-week high of $3.79 and 18% above the low of $1.14 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $2.04 is for.
Which stocks are comparable to Multi Ways Holdings Ltd?
From the same area (Industrials) we also value United Rentals, Inc, Sunbelt Rentals Holdings, AerCap Holdings, U-Haul Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Multi Ways Holdings Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price $1.35, calculated fair value $2.04 (+51%), Quality Score 50/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MWG calculated?
We run Multi Ways Holdings Ltd through 14 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $2.04 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Multi Ways Holdings Ltd currently trades 34% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Multi Ways Holdings Ltd (MWG)?
The closing price on Nov 6, 2026 was $1.35. Our model-based fair value is $2.04, about +51% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Multi Ways Holdings Ltd right now?
The price is below even our cautious bear case ($1.83). The market is more pessimistic than our downside scenario. Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Multi Ways Holdings Ltd

How large is the market capitalisation of Multi Ways Holdings Ltd (MWG)?
The market capitalisation of Multi Ways Holdings Ltd is $7.5M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Multi Ways Holdings Ltd (MWG)?
The price-to-sales ratio of Multi Ways Holdings Ltd is 0.17 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Multi Ways Holdings Ltd (MWG)?
Earnings per share at Multi Ways Holdings Ltd are $−0.1100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Multi Ways Holdings Ltd (MWG)?
The net margin of Multi Ways Holdings Ltd is −1.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Multi Ways Holdings Ltd (MWG)?
The return on equity (ROE) of Multi Ways Holdings Ltd is −2.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Multi Ways Holdings Ltd (MWG)?
On an EBIT basis the return on assets of Multi Ways Holdings Ltd is 0.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Multi Ways Holdings Ltd (MWG)?
The operating margin of Multi Ways Holdings Ltd is −5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Multi Ways Holdings Ltd (MWG)?
Revenue at Multi Ways Holdings Ltd is growing +8.0% versus a year earlier (3y avg +5.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Multi Ways Holdings Ltd (MWG)?
Earnings per share at Multi Ways Holdings Ltd are growing +985% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Multi Ways Holdings Ltd (MWG) generate?
The free cash flow of Multi Ways Holdings Ltd is $4.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Multi Ways Holdings Ltd (MWG) carry?
The net debt of Multi Ways Holdings Ltd is $10.2M (fiscal year 2025, ≈ 2.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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