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Norwood Systems Limited (NOR) Fair Value & Analysis

Communication Services · AU · Market cap A$10.4M

NS Norwood Systems Limited NOR · AU
PriceA$0.0130
Fair ValueA$0.0238
Upside+83.1%
Quality30/100
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Mixed Growth
Loss-making · -32.5% net margin
Negative equity (buybacks among others) · negative free cash flow
Trails peers (2/9)
Narrow moat 8/100
Evidence: Low Range A$0.0184 – A$0.0292 Share as image

Fair value as of: Jul 17, 2026

From 2 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from A$0.0369 to A$0.0238 (−35.5%) since Jun 26, 2026. Share price −43.5% over the past month.

Below-average quality, screening 83% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (30/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (A$0.0184). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

A$0.0530 A$0.0090 Fair Value A$0.0238 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range A$0.0090 – A$0.0530 · fair‑value band A$0.0184 – A$0.0292 · the A$0.0130 price screens below the A$0.0238 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Norwood Systems Limited (NOR) currently trades at A$0.0130, while our model-based Fair Value estimate is A$0.0238, implying the stock looks roughly 83.1% undervalued today. The Quality Score stands at 30/100 (below-average quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Norwood Systems Limited generated revenue of A$2.7M at a net margin of -32.5%. Revenue grew 165.3% year over year. Fundamentals as of Jul 17, 2026

Our scenario range runs from A$0.0184 (bear case) to A$0.0292 (bull case); at A$0.0130, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 52% below its 52-week high and 44% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at 83%, NOR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Gordon GGM A$0.0200 A$0.0300 A$0.0400 70
DDM Multi-Stage A$0.0200 A$0.0300 A$0.0300 61
All 2 models by family
Dividend Discount
Gordon GGM A$0.0200 A$0.0300 A$0.0400 70
DDM Multi-Stage A$0.0200 A$0.0300 A$0.0300 61

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Key figures & financial health

Revenue (TTM) A$2.7M
Revenue growth (YoY) +165%
Net margin -32.5%
Free cash flow −A$653K FY2025
Operating margin -55.2%
Net debt A$813K FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 32 · Market factors (momentum, volatility) 38

Profitability 25
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Norwood Systems Limited provides mobile voice, messaging, data, and cyber security services to consumers, enterprises, and carriers in New Zealand, Australia, and internationally. The company offers OpenSpan, keyword voice activation, live language translation, and inline fraud and scam detection services.

Full company description

Norwood Systems Limited provides mobile voice, messaging, data, and cyber security services to consumers, enterprises, and carriers in New Zealand, Australia, and internationally. The company offers OpenSpan, keyword voice activation, live language translation, and inline fraud and scam detection services. It also provides CogVoice application services, such as SOHO and SME answering services; and agentic IVR services, as well as voicemail for telecom operators. In addition, the company offers World Voicemail, a visual voicemail app; and SecondLine for business and personal communication from multiple numbers on a single phone. Further, it provides Cognitive Voice platform for communications service provider; and CogVoic call screener, which protects its subscribers from call scammers and spammers. Norwood Systems Limited was founded in 2011 and is based in Nedlands, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Norwood Systems Limited reported revenue of A$1.9M in FY2025 versus A$1.1M in FY2021, a compound +16.0%/yr. Reported net income was −A$600K in FY2025.

Growth Quality 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$1.9M
Latest YoY
+66.5%
Avg. growth/yr (3Y) 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.
+15.7%
Avg. growth/yr (5Y) 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.
+16.9%
Avg. growth/yr (25Y) 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.
+10.8%
Revenue +16.0%/yr
FY21 A$1.1M
FY22 A$1.2M
FY23 A$964K
FY24 A$1.1M
FY25 A$1.9M
Net income
FY21 −A$871K
FY22 −A$1.1M
FY23 −A$1.9M
FY24 −A$2.6M
FY25 −A$600K

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Cite: Fair Value Calculator (2026). "Norwood Systems Limited Fair Value". https://www.fairvalue-calculator.com/stock/NOR

Peer Group

Telecom Services · 250 stocks

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.

Quality Score 30 · Bottom 25%
Fair Value upside +54% · Top 25%
Return on assets -46% · Bottom 25%
Net margin (TTM) -32% · Bottom 25%
Operating margin (TTM) -55% · Bottom 25%
Revenue growth 165% · Top 25%

Valuation Multiples vs Telecom Services median · lower = cheaper

P/S (TTM) 2.75× · Pricier than 75% of peers
PEG 1.76× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 29
FUTURE 100 · sector 15
PAST 0 · sector 28
HEALTH 0 · sector 88
DIVIDEND 0 · sector 73

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 507.27 MXN +95%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
China Unicom (Hong Kong) Limited 0762 HK$6.50 HK$13.03 +100%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%

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Frequently asked questions

Is Norwood Systems Limited (NOR) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of A$0.0238 versus a price of A$0.0130, about +83% (undervalued).
What is the fair value of NOR?
Our model-based fair value for Norwood Systems Limited is A$0.0238 (as of Jul 17, 2026), built from audited fundamentals. The current price is A$0.0130.
What is the quality score of NOR?
Norwood Systems Limited has a Quality Score of 30/100. 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 revenue of Norwood Systems Limited (NOR)?
Norwood Systems Limited reported trailing-twelve-month revenue of about A$2.7M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of NOR?
The net profit margin of Norwood Systems Limited is about -32.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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