Norwood Systems Ltd (NOR) fair value: what the stock is really worth
We calculate from audited financials what Norwood Systems Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Valuation from Sep 13, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range A$0.0090 – A$0.0530 · fair‑value band A$0.0148 – A$0.0232 · the A$0.0180 price screens below the A$0.0190 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 4 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
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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.
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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.
Stock analysis
Norwood Systems Ltd (NOR) currently trades at A$0.0180, while our model-based Fair Value estimate is A$0.0190, implying the stock looks roughly 5.3% fairly valued today.
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Valuation
How firm this estimate is: it rests on 3 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: A$0.0148 (bear) to A$0.0232 (bull), the price of A$0.0180 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 30/100 (below-average quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Norwood Systems Ltd 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.
Key figures
Market cap A$8.7M (≈ $6.1M) · P/S ratio 3.45 · Net margin −31.5% · Return on assets (EBIT) −334% · Operating margin −55.2% · Revenue (TTM) A$2.7M · Revenue growth (YoY) +165% · Free cash flow −A$653K.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 53% below its 52-week high and 100% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 47% fair-value upside, at 6%, NOR screens richer than that median.
Notify me when NOR reaches fair value
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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.36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+66.5%
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.
+15.7%
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.
+16.9%
Start year 2020 (pandemic). Over 10 years: +40.1% a year
Revenue growth 25 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.
+10.8%
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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.
−280.0% (2020) → −85.7% (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.Telecom Services · 252 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside+6% · Above median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−46% · Bottom 25%
Net margin (TTM)−32% · Bottom 25%
Operating margin (TTM)−55% · Bottom 25%
Growth and dividend
Revenue growth165% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)2.28× · Pricier than median
PEG1.76× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)41· sector 35
FUTURE (revenue growth)100· sector 16
PAST (return on equity)0· sector 29
HEALTH (low debt)0· sector 83
DIVIDEND (yield)0· sector 77
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Norwood Systems Ltd Fair Value". https://www.fairvalue-calculator.com/stock/NOR
Frequently asked questions
Is Norwood Systems Ltd (NOR) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of A$0.0190 versus a price of A$0.0180, about +6% upside (fairly valued).
What is the fair value of NOR?
Our model-based fair value for Norwood Systems Ltd is A$0.0190 (as of Sep 13, 2026), built from audited fundamentals. The current price: A$0.0180.
What is the quality score of NOR?
Norwood Systems Ltd 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 price target for Norwood Systems Ltd (NOR)?
Our model-based price target is the fair value of A$0.0190 (as of Sep 13, 2026) from 3 valuation models. Cautious scenario A$0.0148, optimistic scenario A$0.0232. It is a calculation from audited fundamentals, not an analyst target.
What is the Norwood Systems Ltd stock forecast for 2026?
Our models put fair value at A$0.0190, about +6% upside versus a price of A$0.0180 (fairly valued). Cautious scenario A$0.0148, optimistic scenario A$0.0232. The calculation is refreshed regularly with new filings.
What is the revenue of Norwood Systems Ltd (NOR)?
Norwood Systems Ltd reported trailing-twelve-month revenue of about A$2.7M (latest available figure, as of Sep 13, 2026).
What is the intrinsic value of Norwood Systems Ltd (NOR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Norwood Systems Ltd it is A$0.0190 per share (as of Sep 13, 2026), against a price of A$0.0180. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Norwood Systems Ltd stock overvalued or undervalued in 2026?
As of Sep 13, 2026, NOR trades below its calculated fair value: price A$0.0180, fair value A$0.0190, a gap of about +6% (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 NOR?
No. The price is what the market pays today (A$0.0180); the fair value is what the company's own numbers justify (A$0.0190). For Norwood Systems Ltd the two are A$0.0010 per share apart. That gap is exactly why we show both numbers side by side.
How much is Norwood Systems Ltd worth?
The market values Norwood Systems Ltd at about A$8.7M (market capitalisation, as of Sep 13, 2026). Per share that is A$0.0180; our models calculate a fair value of A$0.0190 per share.
What do the bullish and bearish scenarios say about NOR?
Our models span a range for Norwood Systems Ltd: cautious scenario A$0.0148, base A$0.0190, optimistic A$0.0232 per share (as of Sep 13, 2026, price A$0.0180). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of NOR?
The PEG ratio of Norwood Systems Ltd is 1.76 (P/E divided by earnings growth, as of Sep 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Norwood Systems Ltd (NOR)?
Balance-sheet figures for Norwood Systems Ltd (as of Sep 13, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is NOR from its 52-week high?
Norwood Systems Ltd trades at A$0.0180, about 53% below its 52-week high of A$0.0380 and 100% above the low of A$0.0090 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0190 is for.
Which stocks are comparable to Norwood Systems Ltd?
From the same area (Communication Services) we also value China Mobile Limited, T-Mobile US, Inc, Verizon Communications Inc, AT&T Inc, 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 Norwood Systems Ltd stock attractive at the current price?
The data as of Sep 13, 2026: price A$0.0180, calculated fair value A$0.0190 (+6%), Quality Score 30/100, from 3 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 NOR calculated?
We run Norwood Systems Ltd through 3 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$0.0190, 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 14.1 % above its aggregate fair value. Norwood Systems Ltd currently trades 6 % 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 Norwood Systems Ltd (NOR)?
The closing price on Sep 23, 2026 was A$0.0180. Our model-based fair value is A$0.0190, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Norwood Systems Ltd right now?
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.
Key figures of Norwood Systems Ltd
How large is the market capitalisation of Norwood Systems Ltd (NOR)?
The market capitalisation of Norwood Systems Ltd is A$8.7M (≈ $6.1M). 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 Norwood Systems Ltd (NOR)?
The price-to-sales ratio of Norwood Systems Ltd is 3.45 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Norwood Systems Ltd (NOR)?
The net margin of Norwood Systems Ltd is −31.5% (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 EBIT return on assets of Norwood Systems Ltd (NOR)?
On an EBIT basis the return on assets of Norwood Systems Ltd is −334% (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 Norwood Systems Ltd (NOR)?
The operating margin of Norwood Systems Ltd is −55.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Norwood Systems Ltd (NOR)?
Revenue at Norwood Systems Ltd is growing +165% versus a year earlier (3y avg +15.7%). 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 Norwood Systems Ltd (NOR) generate?
The free cash flow of Norwood Systems Ltd is −A$653K (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 Norwood Systems Ltd (NOR) carry?
The net debt of Norwood Systems Ltd is A$813K (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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