NWS Holdings Ltd (NWSGY) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of NWS Holdings Ltd $7.46, price $10.00, upside -25.4%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch NWS Holdings Ltd ADR for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $3.48 – $11.71 · fair‑value band $4.30 – $9.70 · the $10.00 price screens above the $7.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow NWS Holdings Ltd ADR in your weekly email
Every Wednesday you see whether NWS Holdings Ltd ADR is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
CTF Services Limited is a conglomerate company with a diversified portfolio of businesses in toll roads, insurance, logistics, construction, and facilities management primarily in Hong Kong and the Mainland.
Show more
CTF Services Limited is a conglomerate company with a diversified portfolio of businesses in toll roads, insurance, logistics, construction, and facilities management primarily in Hong Kong and the Mainland. It engages in the operation of toll roads; investment and management of various logistics projects; and management and operation of venues for exhibitions, conventions, meetings, entertainment events, banquets and catering events, etc., as well as a hospital and sports park. The company also offers general contracting, construction management, and civil engineering and foundation works services for the residential, commercial, governmental, and institutional sectors; and diversified insurance and financial planning products and services, including life insurance, medical insurance, critical illness insurance, personal accident insurance, saving insurance plans, annuities, and investment-linked assurance schemes for individuals and institutions, as well as employee benefit solutions. In addition, it engages in the piling and ground investigation activities; and Electrical and mechanical engineering activities. Further, the company provides property investment, agency, and management and consultancy services; financial, bond issuing, and catering services; and carpark, commercial complex, and hotel management services. The company was formerly known as Pacific Ports Co Limited and changed its name to NWS Holdings Limited in January 2003. CTF Services Limited was incorporated in 1996 and is headquartered in Cheung Sha Wan, Hong Kong. CTF Services Limited is a subsidiary of Century Acquisition Limited.
Stock analysis
NWS Holdings Ltd ADR (NWSGY) currently trades at $10.00, while our model-based Fair Value estimate is $7.46, 25.4% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of $58.51 per share, and 26 of the 26 models we run sit above the $10.00 price.
Bear case: the Dividend Discount group reads lowest at $16.17, and 0 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: $4.30 (bear) to $9.70 (bull), the price of $10.00 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 43/100 (below-average quality), in the Industrials sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
NWS Holdings Ltd ADR reported revenue of $24.3B in FY2025 versus $28.2B in FY2021, a compound −3.7%/yr. Reported net income was $2.4B in FY2025, compounding +8.7%/yr from FY2021.
Key figures
Market cap $4.6B · P/E ratio 14.9 · P/S ratio 1.45 · EPS (TTM) $0.6700 · Dividend yield 6.0% · Net margin 9.7% · Return on equity 6.2% · Return on assets (EBIT) 1.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −25%, NWSGY screens cheaper than that median.
Fair Value models
Bear $4.30Fair Value $7.46Bull $9.70
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 ($0.0720 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.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.39/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−8.1%
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.
−8.0%
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.
+1.4%
Start year 2020 (pandemic). Over 10 years: −0.1% a year
Revenue growth 24 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.
+24.1%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+12.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.2%
Dividend (yield on the price)6.0%
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.6.2% vs −6.9%, picking up
Profit margin 2020 to 2025 ⓘ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.2% → 13%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−12.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −14.4% a year for the price and +1.1% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Engineering & Construction · 789 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside−2.3% · Above median
Profitability
Return on equity (TTM)6.2% · Below median
Return on assets0.7% · Below median
Net margin (TTM)10.1% · Top 25%
Operating margin (TTM)7.2% · Above median
Growth and dividend
Revenue growth5.9% · Above median
Dividend yield (TTM)6.0% · Top 25%
Balance sheet
Debt / equity0.64× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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.
Is NWS Holdings Ltd (NWSGY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $7.46 versus the last price from Sep 25, 2026 of $10.00, about −25% upside (overvalued).
What is the fair value of NWSGY?
Our model-based fair value for NWS Holdings Ltd ADR is $7.46 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $10.00.
What is the quality score of NWSGY?
NWS Holdings Ltd ADR has a Quality Score of 43/100. 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 NWS Holdings Ltd (NWSGY)?
Our model-based price target is the fair value of $7.46 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario $4.30, optimistic scenario $9.70. It is a calculation from audited fundamentals, not an analyst target.
What is the NWS Holdings Ltd ADR stock forecast for 2026?
Our models put fair value at $7.46, about −25% upside versus the last price from Sep 25, 2026 of $10.00 (overvalued). Cautious scenario $4.30, optimistic scenario $9.70. The calculation is refreshed regularly with new filings.
What is the revenue of NWS Holdings Ltd (NWSGY)?
NWS Holdings Ltd ADR reported trailing-twelve-month revenue of about $25.0B (latest available figure, as of Sep 24, 2026).
Does NWS Holdings Ltd ADR pay a dividend?
NWS Holdings Ltd ADR currently shows a dividend yield of about 5.98% relative to its recent price (as of Sep 24, 2026).
What growth is priced into NWS Holdings Ltd (NWSGY)?
For today's price to be fair in a discounted-cash-flow model, NWS Holdings Ltd ADR would have to grow free cash flow by -12.4 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of NWSGY use?
Our models discount NWS Holdings Ltd ADR at 8.5 %: a base by market capitalisation (mid), damped by beta 0.46, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For NWS Holdings Ltd ADR that is -12.4 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has NWS Holdings Ltd (NWSGY) delivered so far?
Over the past 5 years revenue at NWS Holdings Ltd ADR grew +1.4 % a year. The price currently implies -12.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of NWS Holdings Ltd (NWSGY) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into NWS Holdings Ltd ADR (-12.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of NWS Holdings Ltd (NWSGY)?
The free-cash-flow yield on the price is 14.55 %: that much free cash flow NWS Holdings Ltd ADR produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NWS Holdings Ltd (NWSGY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NWS Holdings Ltd ADR it is $7.46 per share (as of Sep 24, 2026), against a price of $10.00. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is NWS Holdings Ltd ADR stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NWSGY trades above its calculated fair value: price $10.00, fair value $7.46, a gap of about −25% (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 NWSGY?
No. The price is what the market pays today ($10.00); the fair value is what the company's own numbers justify ($7.46). For NWS Holdings Ltd ADR the two are $2.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is NWS Holdings Ltd ADR worth?
The market values NWS Holdings Ltd ADR at about $4.6B (market capitalisation, as of Sep 24, 2026). Per share that is $10.00; our models calculate a fair value of $7.46 per share.
What do the bullish and bearish scenarios say about NWSGY?
Our models span a range for NWS Holdings Ltd ADR: cautious scenario $4.30, base $7.46, optimistic $9.70 per share (as of Sep 24, 2026, price $10.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NWSGY?
NWS Holdings Ltd ADR trades at a price-to-earnings ratio of 14.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $7.46 is built from several models across several years.
How solid is the balance sheet of NWS Holdings Ltd (NWSGY)?
Balance-sheet figures for NWS Holdings Ltd ADR (as of Sep 24, 2026): return on equity 6.2%, debt of 0.64 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is NWSGY from its 52-week high?
NWS Holdings Ltd ADR trades at $10.00, about 15% below its 52-week high of $11.71 and 22% above the low of $8.23 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $7.46 is for.
Which stocks are comparable to NWS Holdings Ltd ADR?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 NWS Holdings Ltd ADR stock attractive at the current price?
The data as of Sep 24, 2026: price $10.00, calculated fair value $7.46 (−25%), Quality Score 43/100, from 26 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 NWSGY calculated?
We run NWS Holdings Ltd ADR through 26 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 $7.46, 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. NWS Holdings Ltd ADR 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 NWS Holdings Ltd (NWSGY)?
The latest price we hold is from Sep 25, 2026 and stands at $10.00. Our model-based fair value is $7.46, about −25% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NWS Holdings Ltd ADR right now?
The price sits above even our optimistic bull case ($9.70). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($4.30 to $9.70) leaves room in how you read the outcome.
Where does the earnings growth of NWS Holdings Ltd (NWSGY) come from?
Earnings per share at NWS Holdings Ltd ADR grew −7.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.3 %, EBIT margin +3.3 %, tax rate −1.6 %, residual (interest, one-offs) −9.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of NWS Holdings Ltd ADR
How large is the market capitalisation of NWS Holdings Ltd (NWSGY)?
The market capitalisation of NWS Holdings Ltd ADR is $4.6B. 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 NWS Holdings Ltd (NWSGY)?
The price-to-sales ratio of NWS Holdings Ltd ADR is 1.45 (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 NWS Holdings Ltd (NWSGY)?
Earnings per share at NWS Holdings Ltd ADR are $0.6700 (price ÷ EPS = P/E 14.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NWS Holdings Ltd (NWSGY)?
The dividend yield of NWS Holdings Ltd ADR is 6.0% (payout 89.3%). 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 NWS Holdings Ltd (NWSGY)?
The net margin of NWS Holdings Ltd ADR is 9.7% (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 NWS Holdings Ltd (NWSGY)?
The return on equity (ROE) of NWS Holdings Ltd ADR is 6.2% (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 NWS Holdings Ltd (NWSGY)?
On an EBIT basis the return on assets of NWS Holdings Ltd ADR is 1.8% (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 NWS Holdings Ltd (NWSGY)?
The operating margin of NWS Holdings Ltd ADR is 7.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NWS Holdings Ltd (NWSGY)?
Revenue at NWS Holdings Ltd ADR is growing +5.9% versus a year earlier (3y avg −8.0%). 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 NWS Holdings Ltd (NWSGY)?
Earnings per share at NWS Holdings Ltd ADR are growing +13.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does NWS Holdings Ltd (NWSGY) carry?
The net debt of NWS Holdings Ltd ADR is $15.4B (fiscal year 2025, ≈ 26.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch NWS Holdings Ltd ADR in the live analysis
One click puts NWS Holdings Ltd ADR on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Some data
Sep 24, 2026