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Top Win International Limited (SORA) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Top Win International Limited stock $0.39, price $2.40, that is 83.8% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Cyclical US · Based in Hong Kong · ISIN KYG8946B1086

TW Top Win International Limited logo Thin data Nov 6, 2026

Top Win International Limited

SORA · US
Very expensive, in a downtrend

Our calculation puts a fair price 84% below what the stock costs today.

Highly profitable · 96.0% net margin (TTM)
Last quarter vs. a year ago: revenue +40%, profit +60%.
Quality 52/100
Mixed vs. peers (5/11)
Moderate moat 58/100 · thin data
Fair value $0.3900 · Strongly overvalued
Weak Growth (revenue 3y −53.7 %/yr in USD)
High debt
Negative free cash flow
Thin data
Extreme value
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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

$12.57 $1.60 Fair Value $0.3900 May 2025 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

18‑month range $1.60 – $12.57 · fair‑value band $0.3000 – $0.4900 · the $2.40 price screens above the $0.3900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

AsiaStrategy, together with its subsidiaries, engages in trading, distribution, and retail of luxury watches in Hong Kong. The company sells its products under the Omega, Cartier, Rolex, Longines, Audermars Piguet, Patek Philippe, Blancpain, Casio, Breguet, and Hublot brand names.

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It serves business-to-business (B2B) customers including distributors, independent watch dealers, and retail sellers. The company was formerly known as Top Win International Limited and changed its name to AsiaStrategy in August 2025.

The company was founded in 2001 and is based in Wan Chai, Hong Kong. AsiaStrategy is a subsidiary of Pride River Limited.

Stock analysis

Top Win International Limited (SORA) currently trades at $2.40, while our model-based Fair Value estimate is $0.3900, 84% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of $1.05 per share, and 0 of the 7 models we run sit above the $2.40 price.

Bear case: the Asset-Based group reads lowest at $0.0700, and 7 of the 7 models stay below the price. Data coverage for this calculation is low.

Scenario range: $0.3000 (bear) to $0.4900 (bull), the price of $2.40 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 52/100 (solid quality), in the Consumer Cyclical sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Top Win International Limited reported revenue of $1.4M in FY2025 versus $14.2M in FY2022, a compound −53.7%/yr. Reported net income was $1.6M in FY2025, compounding +179.8%/yr from FY2022.

Key figures

Market cap $59.7M Micro · P/E ratio 4.8 · P/S ratio 4.69 · EPS (TTM) $0.5000 · Net margin 96.0% · Return on equity 81.3% · Return on assets (EBIT) 3.0% (4-year average) · Operating margin −16.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).

What moves the price

The share trades about 46% below its 52-week high and 50% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at −84%, SORA screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely ($0.0700 to $1.40). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear $0.3000 Fair Value $0.3900 Bull $0.4900
Price $2.40 · Downside -83.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.4288 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. Coverage ⓘCoverage = 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.
Best data coverage
Residual Income $0.2500 $0.3000 $0.4400 72
Owner Earnings n/a n/a $0.0900 70
Growth-Adj P/E $0.7400 $1.05 $1.37 65
All 8 models by family
DCF Models
Owner Earnings n/a n/a $0.0900 70
Earnings-Based
Graham-Dodd $0.4300 $0.7400 $0.9100 64
Multiples
P/E Multiple $1.05 $1.40 $1.74 63
P/S Multiple $0.0500 $0.0700 $0.0900 58
P/B Multiple $0.3000 $0.3900 $0.4900 55
Asset-Based
NCAV (Graham) $0.0500 $0.0700 $0.0900 55
Economic Profit
Residual Income $0.2500 $0.3000 $0.4400 72
Growth Earnings
Growth-Adj P/E $0.7400 $1.05 $1.37 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 52/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 63
How much profit the company makes from its sales and capital
Quality Growth 20
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 49
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 21
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 14
Distance to the 52-week high, does not count
New shares 78
Buys back shares or issues new ones?

Open the full quality analysis →

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. 24/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−92.0%
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.
−53.7%
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.
1.4% (2022) → −14.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed

SORA screens overvalued: fair value 84% below the price. Compare with Compagnie Financière Richemont SA →

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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.Luxury Goods · 121 stocks

Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 52 · Below median
Fair Value upside −83.8% · Bottom 25%
Profitability
Return on equity (12 months) 81.3% · Top 25%
Return on assets 30.9% · Top 25%
Net margin (12 months) 96.0% · Top 25%
Operating margin (12 months) −16.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 39.5% · Top 25%
Balance sheet
Debt / equity 4.64× · Highest 25%

Valuation Multiplesvs Luxury Goods median · lower = cheaper

P/E (12 months) 4.8× · Cheapest 25%
P/B 21.31× · Priciest 25%
P/S (12 months) 4.69× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 16
FUTURE (revenue growth)100 · sector 53
PAST (return on equity)100 · sector 57
HEALTH (low debt)0 · sector 99
DIVIDEND (yield)0 · sector 56

VALUE 0: the price sits above our fair-value range.

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 Luxury Goods stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Shanghai Yuyuan Tourist Mart (Group) Co 600655 ¥4.64 ¥9.51 +105% vs SORA
Pandora A/S PNDORA kr 901.60 kr 1,424 +58% vs SORA
Prada S.p.A 1913 HK$40.28 HK$60.89 +51% vs SORA
Signet Jewelers Limited SIG $117.26 $169.03 +44% vs SORA
Christian Dior SE CDI €441.40 €552.53 +25% vs SORA
Chow Tai Fook Jewellery Group 1929 HK$11.95 HK$11.89 −1% vs SORA
Tapestry, Inc TPR $132.80 $111.56 −16% vs SORA
Compagnie Financière Richemont SA CFR CHF 169.65 CHF 127.65 −25% vs SORA
Brunello Cucinelli S.p.A BC €86.62 €36.54 −58% vs SORA
Kalyan Jewellers India Limited KALYANKJIL ₹590.75 ₹184.73 −69% vs SORA

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Top Win International Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Top Win International Limited Fair Value". https://www.fairvalue-calculator.com/stock/SORA

Frequently asked questions

Is Top Win International Limited (SORA) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $0.3900 versus a price of $2.40, about 84% lower (overvalued).
What is the fair value of SORA?
Our model-based fair value for Top Win International Limited is $0.3900 (as of Nov 6, 2026), built from audited fundamentals. The current price: $2.40.
What is the quality score of SORA?
Top Win International 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 price target for Top Win International Limited (SORA)?
Our model-based price target is the fair value of $0.3900 (as of Nov 6, 2026) from 8 valuation models. Cautious scenario $0.3000, optimistic scenario $0.4900. It is a calculation from audited fundamentals, not an analyst target.
What is the Top Win International Limited stock forecast for 2026?
Our models put fair value at $0.3900, about 84% lower versus a price of $2.40 (overvalued). Cautious scenario $0.3000, optimistic scenario $0.4900. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Top Win International Limited (SORA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Top Win International Limited it is $0.3900 per share (as of Nov 6, 2026), against a price of $2.40. It is the blended result of 8 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Top Win International Limited stock overvalued or undervalued in 2026?
As of Nov 6, 2026, SORA trades above its calculated fair value: price $2.40, fair value $0.3900, a gap of about −84% (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 SORA?
No. The price is what the market pays today ($2.40); the fair value is what the company's own numbers justify ($0.3900). For Top Win International Limited the two are $2.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is Top Win International Limited worth?
The market values Top Win International Limited at about $59.7M (market capitalisation, as of Nov 6, 2026). Per share that is $2.40; our models calculate a fair value of $0.3900 per share.
What do the bullish and bearish scenarios say about SORA?
Our models span a range for Top Win International Limited: cautious scenario $0.3000, base $0.3900, optimistic $0.4900 per share (as of Nov 6, 2026, price $2.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SORA?
Top Win International Limited trades at a price-to-earnings ratio of 4.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.3900 is built from several models across several years. Other multiples: P/B 21.3, P/S 4.7.
How solid is the balance sheet of Top Win International Limited (SORA)?
Balance-sheet figures for Top Win International Limited (as of Nov 6, 2026): return on equity 81.3%, debt of 4.64 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is SORA from its 52-week high?
Top Win International Limited trades at $2.40, about 46% below its 52-week high of $4.41 and 50% above the low of $1.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $0.3900 is for.
Which stocks are comparable to Top Win International Limited?
From the same area (Consumer Cyclical) we also value Compagnie Financière Richemont SA, Christian Dior SE, Tapestry, Inc, Chow Tai Fook Jewellery Group, 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 Top Win International Limited stock attractive at the current price?
The data as of Nov 6, 2026: price $2.40, calculated fair value $0.3900 (−84%), Quality Score 52/100, from 8 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 SORA calculated?
We run Top Win International Limited through 8 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $0.3900 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Top Win International Limited 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 Top Win International Limited (SORA)?
The closing price on Nov 6, 2026 was $2.40. Our model-based fair value is $0.3900, about 84% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Top Win International Limited right now?
The price sits above even our optimistic bull case ($0.4900). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Top Win International Limited

How large is the market capitalisation of Top Win International Limited (SORA)?
The market capitalisation of Top Win International Limited is $59.7M. 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 Top Win International Limited (SORA)?
The price-to-sales ratio of Top Win International Limited is 4.69 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Top Win International Limited (SORA)?
Earnings per share at Top Win International Limited are $0.5000 (price ÷ EPS = P/E 4.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Top Win International Limited (SORA)?
The net margin of Top Win International Limited is 96.0% (last twelve months). 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 Top Win International Limited (SORA)?
The return on equity (ROE) of Top Win International Limited is 81.3% (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 Top Win International Limited (SORA)?
On an EBIT basis the return on assets of Top Win International Limited is 3.0% (avg 4y). 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 Top Win International Limited (SORA)?
The operating margin of Top Win International Limited is −16.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Top Win International Limited (SORA)?
Revenue at Top Win International Limited is growing +39.5% versus a year earlier (3y avg −53.7%). 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 Top Win International Limited (SORA)?
Earnings per share at Top Win International Limited are growing +59.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Top Win International Limited (SORA) generate?
The free cash flow of Top Win International Limited is −$555K (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 Top Win International Limited (SORA) carry?
The net debt of Top Win International Limited is $1.6M (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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