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iWOW Technology Limited (NXR) Fair Value & Analysis

Technology · SG · Market cap 91.8M SGD

IT iWOW Technology Limited NXR · SG
Price0.2650 SGD
Fair Value0.2300 SGD
Upside-13.2%
Quality52/100
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Mixed Growth
Loss-making · -3.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 23/100
Evidence: Medium Range 0.1700 SGD – 0.2900 SGD Share as image

Fair value as of: Aug 9, 2026

From 13 valuation models · updated yesterday

Share price −20.9% over the past month.

A solid business, but screening 13% overvalued on our models.

What matters now

  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from 0.1700 SGD (bear) to 0.2900 SGD (bull), base 0.2300 SGD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 52/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (4 years)

0.5000 SGD 0.1660 SGD Fair Value 0.2300 SGD Apr 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

52‑month range 0.1660 SGD – 0.5000 SGD · fair‑value band 0.1700 SGD – 0.2900 SGD · the 0.2650 SGD price screens above the 0.2300 SGD fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

iWOW Technology Limited (NXR) currently trades at 0.2650 SGD, while our model-based Fair Value estimate is 0.2300 SGD, implying the stock looks roughly 13.2% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, iWOW Technology Limited generated revenue of 41.3M SGD at a net margin of -3.9%. Revenue grew 26.7% year over year. It earns a return on equity of -7.4%. Net debt stands at 1.2M SGD. Fundamentals as of Aug 9, 2026

Our scenario range runs from 0.1700 SGD (bear case) to 0.2900 SGD (bull case); at 0.2650 SGD, the current price sits within 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 49% below its 52-week high and 104% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -13%, NXR 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
Growth DCF 0.1700 SGD 0.2500 SGD 0.3800 SGD 80
Rev-Margin DCF 0.1800 SGD 0.3000 SGD 0.5300 SGD 74
ROIC Compounder 0.1400 SGD 0.1900 SGD 0.2100 SGD 72
All 13 models by family
DCF Models
FCF DCF 0.1800 SGD 0.2400 SGD 0.4100 SGD 38
5Y Revenue Exit 0.1700 SGD 0.2600 SGD 0.4600 SGD 39
5Y EBITDA Exit 0.2200 SGD 0.3700 SGD 0.6600 SGD 41
10Y Revenue Exit 0.1700 SGD 0.3100 SGD 0.4000 SGD 36
10Y EBITDA Exit 0.2100 SGD 0.4100 SGD 0.7600 SGD 37
Earnings-Based
EPV 0.1200 SGD 0.1300 SGD 0.1400 SGD 59
Multiples
EV/EBIT 0.2100 SGD 0.2700 SGD 0.3300 SGD 53
EV/EBITDA 0.2500 SGD 0.3200 SGD 0.3900 SGD 54
EV/Revenue 0.1600 SGD 0.2100 SGD 0.2600 SGD 43
Asset-Based
NCAV (Graham) 0.0400 SGD 0.0600 SGD 0.0900 SGD 50
Growth DCF
Growth DCF 0.1700 SGD 0.2500 SGD 0.3800 SGD 80
Rev-Margin DCF 0.1800 SGD 0.3000 SGD 0.5300 SGD 74
Economic Profit
ROIC Compounder 0.1400 SGD 0.1900 SGD 0.2100 SGD 72

Widest divergence: DCF Models (0.3100 SGD) versus Asset-Based (0.0600 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 41.3M SGD
Revenue growth (YoY) +26.7%
Net margin -3.9%
Return on equity -7.4%
Free cash flow 3.4M SGD FY2026
Operating margin 13.2%
More key figures
EPS (TTM) -0.0100 SGD
EPS growth (YoY) +374%
Net debt 1.2M SGD FY2020

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 55 · Market factors (momentum, volatility) 47

Profitability 27
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 44
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

iWOW Technology Limited, an investment holding company, research, develops, manufactures, and sells wireless communication equipment in Singapore, Hong Kong, Malaysia, and internationally. It offers a smart metering solution that enables remote monitoring of utilities and provides transparency and insights into energy and water consumption.

Full company description

iWOW Technology Limited, an investment holding company, research, develops, manufactures, and sells wireless communication equipment in Singapore, Hong Kong, Malaysia, and internationally. It offers a smart metering solution that enables remote monitoring of utilities and provides transparency and insights into energy and water consumption. The company also provides alarm alert system, a wireless emergency distress system; electronic monitoring system, which provides monitoring of ex-offenders and accused persons while they are out on bail or have been released under a remission order; wireless engineering solutions, including the installation, in-building coverage enhancement, and maintenance of major telecommunications providers; and datacomm and enterprise solutions, such as installation of in-building wireless infrastructure and provision of wireless connectivity solutions. In addition, it engages in the installation, implementation, and operation of the IoT solution; trading activities; and design and development of hardware and software. Further, the company is involved in the production of contract manufacturers, as well as providing wireless connectivity services. iWOW Technology Limited was incorporated in 1999 and is based in Singapore.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

iWOW Technology Limited reported revenue of 41.3M SGD in FY2026 versus 34.5M SGD in FY2022, a compound +4.5%/yr. Reported net income was −1.6M SGD in FY2026.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
41.3M SGD
Latest YoY
+19.3%
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.
+17.3%
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.
+9.3%
Avg. growth/yr (7Y) 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.
+53.3%
Revenue +4.5%/yr
FY22 34.5M SGD
FY23 25.6M SGD
FY24 45.6M SGD
FY25 34.6M SGD
FY26 41.3M SGD
Net income
FY22 3.9M SGD
FY23 3.6M SGD
FY24 2.6M SGD
FY25 −1.8M SGD
FY26 −1.6M SGD

NXR screens 13% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "iWOW Technology Limited Fair Value". https://www.fairvalue-calculator.com/stock/NXR

Peer Group

Software - Application · 709 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 52 · Below median
Fair Value upside −13% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) -4% · Below median
Operating margin (TTM) 13% · Above median
Revenue growth 27% · Top 25%
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 2.94× · Pricier than median
P/S (TTM) 1.74× · Cheaper than median
P/FCF 21.2× · Pricier than 75% of peers
EV/EBITDA 11.2× · Cheaper 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 16 · sector 0
FUTURE 100 · sector 38
PAST 0 · sector 13
HEALTH 97 · sector 98
DIVIDEND 0 · sector 28

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is iWOW Technology Limited (NXR) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of 0.2300 SGD versus a price of 0.2650 SGD, about −13% (overvalued).
What is the fair value of NXR?
Our model-based fair value for iWOW Technology Limited is 0.2300 SGD (as of Aug 9, 2026), built from audited fundamentals. The current price is 0.2650 SGD.
What is the quality score of NXR?
iWOW Technology Limited has a Quality Score of 52/100. 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 iWOW Technology Limited (NXR)?
iWOW Technology Limited reported trailing-twelve-month revenue of about 41.3M SGD (latest available figure, as of Aug 9, 2026).
What is the net profit margin of NXR?
The net profit margin of iWOW Technology Limited is about -3.9%, 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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