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N1 Holdings Ltd (N1H) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of N1 Holdings Ltd stock A$0.26, price A$0.17, upside +52.9%, quality 56 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services AU · ISIN AU000000N1H7

NH N1 Holdings Ltd logo Thin data Nov 4, 2026

N1 Holdings Ltd

N1H · AU
Meets all rules

The stock costs 35% less than our calculation considers fair.

Fair value A$0.2600 · Strongly undervalued
Healthy Growth (revenue 5y +32.6 %/yr in AUD)
2.4% dividend yield · Low payout
Last quarter vs. a year ago: revenue +20%, profit +64%.
Quality 56/100
Thin margins · 4.6% net margin (TTM)
Mixed vs. peers (8/14)
Wide moat 65/100 · thin data
Thin data
⚠ Thinly traded⚠ Small free float
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What runs behind every stock

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

Price vs Fair Value

A$0.3022 A$0.0800 Fair Value A$0.2600 Aug 2021 Nov 2026

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

How to read this chart

60‑month range A$0.0800 – A$0.3022 · fair‑value band A$0.0520 – A$0.3640 · the A$0.1700 price screens below the A$0.2600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 4, 2026.

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Company profile

N1 Holdings Limited operates as a property-backed lender in Australia. It operates through four segments: Financial Services, Real Estate Services, Migration Services, and Other.

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The company offers direct lending and private credit for the purpose of bridging finance, purchase and urgent settlement, renovation of business premises, working capital, business expansion, equipment acquisition and/or upgrade, debt consolidation, equity release for business, and external administration/receivership for small and medium enterprises.

It is also involved in the provision of mortgage, home, and commercial loans for property owners and investors, as well as fund management, migration, and real estate property sale and management services.

In addition, the company offers financial advisory and trustee services, such as project advisory and establishment, information memorandum and offer documents production, custody, fund compliance and risk management, and fund administration and accounting, as well as unit subscription, registration, pricing, and redemption services.

N1 Holdings Limited was founded in 2011 and is headquartered in Sydney, Australia.

Stock analysis

N1 Holdings Ltd (N1H) currently trades at A$0.1700, while our model-based Fair Value estimate is A$0.2600, implying the stock looks roughly 35% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of A$2.29 per share, and 7 of the 13 models we run sit above the A$0.1700 price.

Bear case: the Dividend Discount group reads lowest at A$0.0500, and 6 of the 13 models stay below the price. Data coverage for this calculation is low.

Scenario range: A$0.0520 (bear) to A$0.3640 (bull), the price of A$0.1700 sits inside 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 56/100 (solid quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

N1 Holdings Ltd reported revenue of A$22.3M in FY2026 versus A$10.6M in FY2022, a compound +20.3%/yr. Reported net income was A$1.0M in FY2026, compounding −2.1%/yr from FY2022.

Key figures

Market cap A$15.0M (≈ $10.3M) Micro · P/E ratio 17.0 · P/S ratio 0.67 · EPS (TTM) A$0.0100 · Dividend yield 2.4% · Net margin 4.6% · Return on equity 38.7% · Return on assets (EBIT) 9.2% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).

What moves the price

The share trades at its 52-week high and 113% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at 16% fair-value upside, at 53%, N1H screens cheaper than that median.

Fair Value models

Bear A$0.0520 Fair Value A$0.2600 Bull A$0.3640
Price A$0.1700 · Upside +52.9%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (A$0.0022 per share) are deliberately not added. 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
Growth DCF A$2.88 A$5.83 A$11.60 74
Owner Earnings A$0.9800 A$3.16 A$7.57 68
5Y P/E Exit A$0.3900 A$0.9300 A$1.51 68
All 13 models by family
DCF Models
Owner Earnings A$0.9800 A$3.16 A$7.57 68
5Y P/E Exit A$0.3900 A$0.9300 A$1.51 68
10Y P/E Exit A$1.23 A$2.29 A$3.66 62
Earnings-Based
Graham-Dodd A$0.0800 A$0.5500 A$0.7700 63
Lynch FV A$0.2200 A$0.3200 A$0.4200 61
Dividend Discount
Gordon GGM A$0.0300 A$0.0500 A$0.0800 67
DDM Multi-Stage A$0.0300 A$0.0500 A$0.0600 67
Multiples
P/E Multiple A$0.1100 A$0.1500 A$0.1900 63
P/B Multiple A$0.0300 A$0.0500 A$0.0600 54
Asset-Based
NCAV (Graham) A$0.0200 A$0.0200 A$0.0300 55
Growth DCF
Growth DCF A$2.88 A$5.83 A$11.60 74
Rev-Margin DCF A$0.3600 A$0.9200 A$1.96 67
Economic Profit
Residual Income A$0.0700 A$0.1100 A$0.2900 67

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Quality Score breakdown

Overall quality 56/100

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

Profitability 33
How much profit the company makes from its sales and capital
Quality Growth 50
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 28
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 79
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 95
Distance to the 52-week high, does not count
New shares 81
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. 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+10.9%
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.
+16.5%
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.
+32.6%
Start year 2021 (pandemic). Over 10 years: +20.7% a year
Revenue growth 14 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.
+40.0%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+11.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.8%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.8.8% vs −6.4%, picking up
Profit margin 2021 to 2026 ⓘ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.17% → 77%
Pace: the 5-year rate starts in 2021 (pandemic)

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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.Mortgage Finance · 49 stocks

Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside +52.9% · Above median
Profitability
Return on equity (12 months) 38.7% · Top 25%
Return on assets 0.4% · Below median
Net margin (12 months) 4.6% · Bottom 25%
Operating margin (12 months) 76.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 19.8% · Above median
Dividend yield (12 months) 2.4% · Below median
Balance sheet
Debt / equity 31.72× · Highest 25%

Valuation Multiplesvs Mortgage Finance median · lower = cheaper

P/E (12 months) 17.0× · Priciest 25%
P/B 5.00× · Priciest 25%
P/S (12 months) 0.67× · Cheapest 25%
Price / free cash flow (fiscal year) 1.3× · Cheapest 25%
EV/EBITDA 5.1× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 56
FUTURE (revenue growth)99 · sector 31
PAST (return on equity)100 · sector 37
HEALTH (low debt)–
DIVIDEND (yield)47 · sector 100

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

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

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N1 Holdings Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "N1 Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/N1H

Frequently asked questions

Is N1 Holdings Ltd (N1H) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of A$0.2600 versus a price of A$0.1700, about +53% upside (undervalued).
What is the fair value of N1H?
Our model-based fair value for N1 Holdings Ltd is A$0.2600 (as of Nov 4, 2026), built from audited fundamentals. The current price: A$0.1700.
What is the quality score of N1H?
N1 Holdings Ltd has a Quality Score of 56/100. 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 N1 Holdings Ltd (N1H)?
Our model-based price target is the fair value of A$0.2600 (as of Nov 4, 2026) from 13 valuation models. Cautious scenario A$0.0520, optimistic scenario A$0.3640. It is a calculation from audited fundamentals, not an analyst target.
What is the N1 Holdings Ltd stock forecast for 2026?
Our models put fair value at A$0.2600, about +53% upside versus a price of A$0.1700 (undervalued). Cautious scenario A$0.0520, optimistic scenario A$0.3640. The calculation is refreshed regularly with new filings.
What is the revenue of N1 Holdings Ltd (N1H)?
N1 Holdings Ltd reported trailing-twelve-month revenue of about A$22.3M (latest available figure, as of Nov 4, 2026).
Does N1 Holdings Ltd pay a dividend?
N1 Holdings Ltd currently shows a dividend yield of 2.35% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of N1 Holdings Ltd (N1H) and when is the ex-dividend date?
N1 Holdings Ltd pays a dividend of A$0.004 per share a year, a dividend yield of 2.4%. The last ex-dividend date was Oct 22, 2026. The payout ratio is 40.0% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of N1 Holdings Ltd (N1H)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For N1 Holdings Ltd it is A$0.2600 per share (as of Nov 4, 2026), against a price of A$0.1700. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is N1 Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, N1H trades below its calculated fair value: price A$0.1700, fair value A$0.2600, a gap of about +53% (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 N1H?
No. The price is what the market pays today (A$0.1700); the fair value is what the company's own numbers justify (A$0.2600). For N1 Holdings Ltd the two are A$0.0900 per share apart. That gap is exactly why we show both numbers side by side.
How much is N1 Holdings Ltd worth?
The market values N1 Holdings Ltd at about A$15.0M (market capitalisation, as of Nov 4, 2026). Per share that is A$0.1700; our models calculate a fair value of A$0.2600 per share.
What do the bullish and bearish scenarios say about N1H?
Our models span a range for N1 Holdings Ltd: cautious scenario A$0.0520, base A$0.2600, optimistic A$0.3640 per share (as of Nov 4, 2026, price A$0.1700). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of N1H?
N1 Holdings Ltd trades at a price-to-earnings ratio of 17.0 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.2600 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2021 to 2026), reported earnings: 13.0. Other multiples: P/B 5.0, P/S 0.7, EV/EBITDA 5.1.
How solid is the balance sheet of N1 Holdings Ltd (N1H)?
Balance-sheet figures for N1 Holdings Ltd (as of Nov 4, 2026): return on equity 38.7%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is N1H from its 52-week high?
N1 Holdings Ltd trades at A$0.1700, at its 52-week high of A$0.1700 and 113% above the low of A$0.0800 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.2600 is for.
Which stocks are comparable to N1 Holdings Ltd?
From the same area (Financial Services) we also value Rocket Companies, Inc, Bajaj Housing Finance Limited, PennyMac Financial Services, Inc, LIC Housing Finance Limited, 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 N1 Holdings Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price A$0.1700, calculated fair value A$0.2600 (+53%), Quality Score 56/100, from 13 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 N1H calculated?
We run N1 Holdings Ltd through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of A$0.2600 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. N1 Holdings Ltd currently trades 35% 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 N1 Holdings Ltd (N1H)?
The closing price on Nov 6, 2026 was A$0.1700. Our model-based fair value is A$0.2600, about +53% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with N1 Holdings Ltd right now?
The model range is unusually wide (A$0.0520 to A$0.3640). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of N1 Holdings Ltd

How large is the market capitalisation of N1 Holdings Ltd (N1H)?
The market capitalisation of N1 Holdings Ltd is A$15.0M (≈ $10.3M). 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 N1 Holdings Ltd (N1H)?
The price-to-sales ratio of N1 Holdings Ltd is 0.67 (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 N1 Holdings Ltd (N1H)?
Earnings per share at N1 Holdings Ltd are A$0.0100 (price ÷ EPS = P/E 17.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of N1 Holdings Ltd (N1H)?
The dividend yield of N1 Holdings Ltd is 2.4% (payout 40.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of N1 Holdings Ltd (N1H)?
The net margin of N1 Holdings Ltd is 4.6% (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 N1 Holdings Ltd (N1H)?
The return on equity (ROE) of N1 Holdings Ltd is 38.7% (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 N1 Holdings Ltd (N1H)?
On an EBIT basis the return on assets of N1 Holdings Ltd is 9.2% (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 N1 Holdings Ltd (N1H)?
The operating margin of N1 Holdings Ltd is 76.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at N1 Holdings Ltd (N1H)?
Revenue at N1 Holdings Ltd is growing +19.8% versus a year earlier (3y avg +16.5%). 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 N1 Holdings Ltd (N1H)?
Earnings per share at N1 Holdings Ltd are growing +64.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does N1 Holdings Ltd (N1H) generate?
The free cash flow of N1 Holdings Ltd is A$11.8M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does N1 Holdings Ltd (N1H) carry?
The net debt of N1 Holdings Ltd is A$239M (fiscal year 2026, ≈ 20.3 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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