Solowin Holdings (AXG) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Solowin Holdings $0.03, price $0.13, upside -76.7%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Solowin Holdings, an investment holding company, provides corporate finance, wealth management, virtual assets, and asset management services in Hong Kong.
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Solowin Holdings, an investment holding company, provides corporate finance, wealth management, virtual assets, and asset management services in Hong Kong. It operates Solomon VA+, a trading platform that allows investors to trade over listed securities and their derivative products listed on the Hong Kong Stock Exchange (HKSE), New York Stock Exchange, Nasdaq, Shanghai Stock Exchange, and Shenzhen Stock Exchange; and provides online account opening and trading services through its front trading and back-office clearing systems. The company also offers Hong Kong initial public offering (IPO) underwriting, public offer application, and margin financing services; international placing subscription; Hong Kong pre-IPO securities trading; US IPO subscription; virtual assets trading, IPO subscription and placement, bond trading, fund subscription, equity custodian and agent, investment immigrant account management, enterprise employee shareholding exercise, professional investment research, and instant quotation services. In addition, it provides investment advisory services to its clients based on their financial needs and risk appetite; and issues and manages various fund products. Further, the company offers professional asset management services to financial and private institutions; tailored financial services to individual investors; investment banking services; virtual asset dealing, virtual assets spot exchange-traded products subscription and redemption, security token offering, and blockchain services; financial and independent financial advisory services for unlisted and listed companies; and securities dealing and advice, financial planning, and offshore private fund investment services. Solowin Holdings was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.
Stock analysis
Solowin Holdings (AXG) currently trades at $0.1290, while our model-based Fair Value estimate is $0.0300, 76.7% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: $0.0200 (bear) to $0.0300 (bull), the price of $0.1290 sits above 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 36/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Solowin Holdings reported revenue of $362K in FY2025 versus $152K in FY2021, a compound +24.1%/yr. Reported net income was −$1.1M in FY2025.
Key figures
Market cap $642M · P/S ratio 83.8 · EPS (TTM) $−0.2100 · Net margin −90.3% · Return on equity −3.7% · Return on assets (EBIT) −2.4% · Operating margin 0.3% · Revenue growth (YoY) +296%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 97% below its 52-week high and 3% above its 52-week low.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at −77%, AXG screens richer than that median.
Fair Value models
Bear $0.0200Fair Value $0.0300Bull $0.0300
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−34.0%
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.
−4.7%
’21
’22
’23
’24
’25
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.
−32.7% (2021) → −288.5% (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
Price, fair value, quality and upside side by side.
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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.Capital Markets · 462 stocks
Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−76.7% · Bottom 25%
Profitability
Return on assets−3.5% · Bottom 25%
Net margin (TTM)−90.3% · Bottom 25%
Operating margin (TTM)0.3% · Bottom 25%
Growth and dividend
Revenue growth295.8% · Top 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 36
FUTURE (revenue growth)100· sector 94
PAST (return on equity)0· sector 32
HEALTH (low debt)0· sector 95
DIVIDEND (yield)0· sector 44
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Solowin Holdings Fair Value". https://www.fairvalue-calculator.com/stock/AXG
Frequently asked questions
Is Solowin Holdings (AXG) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of $0.0300 versus a price of $0.1290, about −77% upside (overvalued).
What is the fair value of AXG?
Our model-based fair value for Solowin Holdings is $0.0300 (as of Oct 2, 2026), built from audited fundamentals. The current price: $0.1290.
What is the quality score of AXG?
Solowin Holdings has a Quality Score of 36/100. 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 Solowin Holdings (AXG)?
Our model-based price target is the fair value of $0.0300 (as of Oct 2, 2026) from 2 valuation models. Cautious scenario $0.0200, optimistic scenario $0.0300. It is a calculation from audited fundamentals, not an analyst target.
What is the Solowin Holdings stock forecast for 2026?
Our models put fair value at $0.0300, about −77% upside versus a price of $0.1290 (overvalued). Cautious scenario $0.0200, optimistic scenario $0.0300. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Solowin Holdings (AXG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Solowin Holdings it is $0.0300 per share (as of Oct 2, 2026), against a price of $0.1290. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Solowin Holdings stock overvalued or undervalued in 2026?
As of Oct 2, 2026, AXG trades above its calculated fair value: price $0.1290, fair value $0.0300, a gap of about −77% (overvalued). 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 AXG?
No. The price is what the market pays today ($0.1290); the fair value is what the company's own numbers justify ($0.0300). For Solowin Holdings the two are $0.0990 per share apart. That gap is exactly why we show both numbers side by side.
How much is Solowin Holdings worth?
The market values Solowin Holdings at about $642M (market capitalisation, as of Oct 2, 2026). Per share that is $0.1290; our models calculate a fair value of $0.0300 per share.
What do the bullish and bearish scenarios say about AXG?
Our models span a range for Solowin Holdings: cautious scenario $0.0200, base $0.0300, optimistic $0.0300 per share (as of Oct 2, 2026, price $0.1290). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Solowin Holdings (AXG)?
Balance-sheet figures for Solowin Holdings (as of Oct 2, 2026): return on equity −3.7%. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is AXG from its 52-week high?
Solowin Holdings trades at $0.1290, about 97% below its 52-week high of $4.69 and 3% above the low of $0.1251 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0300 is for.
Which stocks are comparable to Solowin Holdings?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Solowin Holdings stock attractive at the current price?
The data as of Oct 2, 2026: price $0.1290, calculated fair value $0.0300 (−77%), Quality Score 36/100, from 2 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 AXG calculated?
We run Solowin Holdings through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0300, 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 14.5 % above its aggregate fair value. Solowin Holdings itself currently trades above fair value. 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 Solowin Holdings (AXG)?
The closing price on Oct 1, 2026 was $0.1290. Our model-based fair value is $0.0300, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Solowin Holdings right now?
The price sits above even our optimistic bull case ($0.0300). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. 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 Solowin Holdings
How large is the market capitalisation of Solowin Holdings (AXG)?
The market capitalisation of Solowin Holdings is $642M. 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 Solowin Holdings (AXG)?
The price-to-sales ratio of Solowin Holdings is 83.8 (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 Solowin Holdings (AXG)?
Earnings per share at Solowin Holdings are $−0.2100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Solowin Holdings (AXG)?
The net margin of Solowin Holdings is −90.3% (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 Solowin Holdings (AXG)?
The return on equity (ROE) of Solowin Holdings is −3.7% (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 Solowin Holdings (AXG)?
On an EBIT basis the return on assets of Solowin Holdings is −2.4% (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 Solowin Holdings (AXG)?
The operating margin of Solowin Holdings is 0.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Solowin Holdings (AXG)?
Revenue at Solowin Holdings is growing +296% versus a year earlier (3y avg −4.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Solowin Holdings (AXG) generate?
The free cash flow of Solowin Holdings is −$147K (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Solowin Holdings (AXG) hold?
Solowin Holdings holds more cash than debt, $2.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 2, 2026