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

As of Sep 24, 2026: fair value of N1 Holdings Ltd A$0.13, price A$0.14, upside -7.1%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Financial Services · AU · ISIN AU000000N1H7

NH Thin data Sep 23, 2026

N1 Holdings Ltd

N1H · AU

Low PriorityFair Value upside is limited and quality is weak.

·Fair value A$0.1300 · Fairly valued (−7%)
!Quality 36/100
!Expensive Growth (revenue 5y +36.6 %/yr)
!Thin margins · 6.2% net margin (TTM)
!High debt · negative free cash flow
·2.14% dividend yield
!Mixed vs. peers (7/13)
✓Wide moat 71/100
!Evidence only low, so the estimate is less certain
!The models disagree: range A$0.0900 to A$0.5200
!Weak on valuation: 24 out of 100
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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

A$0.3022 A$0.0642 Fair Value A$0.1300 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range A$0.0642 – A$0.3022 · fair‑value band A$0.0900 – A$0.5200 · the A$0.1400 price screens above the A$0.1300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 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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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. 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$0.1400, while our model-based Fair Value estimate is A$0.1300, implying the stock looks roughly 7.7% fairly valued today.

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Valuation

Bull case: the Earnings-Based group reads highest at a median of A$0.2900 per share, and 3 of the 7 models we run sit above the A$0.1400 price.

Bear case: the Asset-Based group reads lowest at A$0.0200, and 4 of the 7 models stay below the price. Evidence for this calculation is low.

Scenario range: A$0.0900 (bear) to A$0.5200 (bull), the price of A$0.1400 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 36/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

N1 Holdings Ltd reported revenue of A$20.1M in FY2025 versus A$5.4M in FY2021, a compound +38.7%/yr. Reported net income was A$856K in FY2025, compounding +57.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap A$12.3M (≈ $8.6M) · P/E ratio 14.0 · P/S ratio 0.60 · EPS (TTM) A$0.0100 · Dividend yield 2.1% · Net margin 4.3% · Return on equity 50.2% · Return on assets (EBIT) 9.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).

What moves the price

The share trades about 18% below its 52-week high and 75% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at 17% fair-value upside, at −7%, N1H screens richer than that median.

Fair Value models

Bear A$0.0900 Fair Value A$0.1300 Bull A$0.5200
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.0070 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. 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.
Highest evidence
Owner Earnings A$0.7500 A$2.82 A$7.01 67
Residual Income A$0.0700 A$0.1100 A$1.19 64
Graham-Dodd A$0.0700 A$0.4600 A$0.6500 63
All 7 models by family
DCF Models
Owner Earnings A$0.7500 A$2.82 A$7.01 67
Earnings-Based
Graham-Dodd A$0.0700 A$0.4600 A$0.6500 63
Lynch FV A$0.2100 A$0.2900 A$0.3800 61
Multiples
P/E Multiple A$0.0900 A$0.1300 A$0.1600 63
P/B Multiple A$0.0300 A$0.0400 A$0.0400 55
Asset-Based
NCAV (Graham) A$0.0100 A$0.0200 A$0.0300 52
Economic Profit
Residual Income A$0.0700 A$0.1100 A$1.19 64

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Quality Score breakdown

Overall quality 36/100

Of which business quality 33 · Market factors (momentum, volatility) 72

Profitability 36
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 71
Share count: buybacks or dilution?

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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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.2%
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.
+23.6%
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.
+36.6%
Start year 2020 (pandemic). Over 10 years: +17.4% a year
Revenue growth 13 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.
+42.5%
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.
+43.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+41.5%
Dividend (yield on the price)2.1%
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.42% vs −8%, picking up
Profit margin 2019 to 2024 ⓘ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.−16% → 71%
Start year 2020 (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 · 93 stocks

Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 39 · Bottom 25%
Fair Value upside −7% · Above median
Profitability
Return on equity (TTM) 50% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 6% · Bottom 25%
Operating margin (TTM) 76% · Top 25%
Growth and dividend
Revenue growth 4% · Bottom 25%
Dividend yield (TTM) 2.1% · Below median
Balance sheet
Debt / equity 42.32× · Highest 25%

Valuation Multiplesvs Mortgage Finance median · lower = cheaper

P/E (TTM) 14.0× · Cheaper than median
P/B 3.86× · Priciest 25%
P/S (TTM) 0.42× · Cheapest 25%
EV/EBITDA 6.2× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)24 · sector 8
FUTURE (revenue growth)18 · sector 100
PAST (return on equity)100 · sector 42
HEALTH (low debt)0 · sector 25
DIVIDEND (yield)43 · sector 98

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 Mortgage Finance stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Federal Home Loan Mortgage Corporation FMCCT $12.00 $24.00 +100%
Rocket Companies, Inc RKT $12.15 $3.23 −73%
Federal National Mortgage Association FNMAS $8.25 $2.01 −76%
Bajaj Housing Finance Limited BAJAJHFL ₹83.52 ₹24.32 −71%
PennyMac Financial Services, Inc PFSI $66.96 $125.45 +87%
UWM Holdings UWMC $1.26 $0.2100 −83%
LIC Housing Finance Limited LICHSGFIN ₹572.50 ₹1,145 +100%
PNB Housing Finance Limited PNBHOUSING ₹1,139 ₹1,330 +17%
Aadhar Housing Finance Limited AADHARHFC ₹454.55 ₹584.64 +29%
Walker & Dunlop, Inc WD $38.32 $32.25 −16%

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N1 Holdings Ltd · Fair Value
A$0.1300 −8%Fair Value
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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 Sep 23, 2026, our model estimates a fair value of A$0.1300 versus a price of A$0.1400, about −7% upside (fairly valued).
What is the fair value of N1H?
Our model-based fair value for N1 Holdings Ltd is A$0.1300 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.1400.
What is the quality score of N1H?
N1 Holdings Ltd 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 N1 Holdings Ltd (N1H)?
Our model-based price target is the fair value of A$0.1300 (as of Sep 23, 2026) from 7 valuation models. Cautious scenario A$0.0900, optimistic scenario A$0.5200. 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$0.1300, about −7% upside versus a price of A$0.1400 (fairly valued). Cautious scenario A$0.0900, optimistic scenario A$0.5200. 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$20.5M (latest available figure, as of Sep 23, 2026).
Does N1 Holdings Ltd pay a dividend?
N1 Holdings Ltd currently shows a dividend yield of about 2.14% relative to its recent price (as of Sep 23, 2026).
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$0.1300 per share (as of Sep 23, 2026), against a price of A$0.1400. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is N1 Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, N1H trades above its calculated fair value: price A$0.1400, fair value A$0.1300, a gap of about −7% (fairly valued). 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$0.1400); the fair value is what the company's own numbers justify (A$0.1300). For N1 Holdings Ltd the two are A$0.0100 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$12.3M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.1400; our models calculate a fair value of A$0.1300 per share.
What do the bullish and bearish scenarios say about N1H?
Our models span a range for N1 Holdings Ltd: cautious scenario A$0.0900, base A$0.1300, optimistic A$0.5200 per share (as of Sep 23, 2026, price A$0.1400). 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 14.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.1300 is built from several models across several years. Other multiples: P/B 3.9, P/S 0.4, EV/EBITDA 6.2.
How solid is the balance sheet of N1 Holdings Ltd (N1H)?
Balance-sheet figures for N1 Holdings Ltd (as of Sep 23, 2026): return on equity 50.2%. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is N1H from its 52-week high?
N1 Holdings Ltd trades at A$0.1400, about 18% below its 52-week high of A$0.1700 and 75% above the low of A$0.0800 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.1300 is for.
Which stocks are comparable to N1 Holdings Ltd?
From the same area (Financial Services) we also value Federal Home Loan Mortgage Corporation, Rocket Companies, Inc, Federal National Mortgage Association, Bajaj 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 Sep 23, 2026: price A$0.1400, calculated fair value A$0.1300 (−7%), Quality Score 36/100, from 7 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 7 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 A$0.1300, 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 14.0 % above its aggregate fair value. N1 Holdings Ltd 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 N1 Holdings Ltd (N1H)?
The closing price on Sep 24, 2026 was A$0.1400. Our model-based fair value is A$0.1300, about −7% upside (fairly valued). 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$0.0900 to A$0.5200). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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$12.3M (≈ $8.6M). 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 0.60 (P/E × margin). 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 14.0). 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 2.1% (payout 30.0%). 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 4.3% (fiscal year 2025). 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 50.2% (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 9.1% (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 76.0% (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 +3.6% versus a year earlier (3y avg +23.6%). 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$1.4M (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 N1 Holdings Ltd (N1H) carry?
The net debt of N1 Holdings Ltd is A$112M (fiscal year 2025). 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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