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Trade Window Holdings Limited (TWL) fair value: what the stock is really worth

As of Oct 29, 2026: fair value (intrinsic value) of Trade Window Holdings Limited stock A$0.10, price A$0.12, that is 16.1% below the price, quality 40 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology AU · Home New Zealand · ISIN NZTWLE0004S0

TW Trade Window Holdings Limited logo Thin data Nov 10, 2026

Trade Window Holdings Limited

TWL · AU
Weak valuation

Our calculation puts a fair price 16% below what the stock costs today.

Low debt
Quality 40/100
Expensive Growth (revenue 3y +25.0 %/yr in NZD)
Mixed vs. peers (4/10)
Fair value A$0.1007 · Overvalued
Loss-making · -27.0% net margin (TTM)
Negative free cash flow
Narrow moat 12/100 · thin data
Thin data
Estimate⚠ Thinly traded
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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

A$0.3000 A$0.0900 Fair Value A$0.1007 Dec 2025 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

11‑month range A$0.0900 – A$0.3000 · fair‑value band A$0.0755 – A$0.1259 · the A$0.1200 price screens above the A$0.1007 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Trade Window Holdings Limited develops and commercialise technology solutions that provide international trade participants with a platform and tools in New Zealand, Australia, and internationally.

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The company offers Prodoc, a customizable enterprise document solution to leverage its customers IT investments with integration into either on-premises or cloud-based ERP systems; Freight, a solution for managing freight forwarding operations from order management to warehousing; Origin which is used for issue certificates of Origin in New Zealand for AANZFTA, CFTA, and RCEP; and SpeEDI Software, a cloud-based solution for cargo reporting and border clearance solution.

It also provides Cube solution that enables businesses involved in global trade to securely share mission-critical data and collaborate with partners across the supply chain ecosystem; and Assure Plus, a software to collect and share information across supply chains easier.

In addition, the company offers supply chain solutions for exporters, importers, freight forwarders, customs brokers, warehousing, auditor and certifiers, and marketers.

It serves certifications and trust marks, coffee, diary, forestry, honey, horticulture, seed and grain, manufacturing, specialty, meat, wine, seafood, and other sectors. Trade Window Holdings Limited was founded in 2018 and is headquartered in Takapuna, New Zealand.

Stock analysis

Trade Window Holdings Limited (TWL) currently trades at A$0.1200, while our estimate is A$0.1007, 16% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: A$0.0755 (bear) to A$0.1259 (bull), the price of A$0.1200 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 40/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Trade Window Holdings Limited reported revenue of 9.6M NZD in FY2026 versus 3.9M NZD in FY2022, a compound +25.5%/yr. Reported net income was −2.6M NZD in FY2026.

Key figures

Market cap A$19.6M (≈ $13.6M) Micro · P/S ratio 2.04 · EPS (TTM) A$−0.0200 · Net margin −27.0% · Return on equity −25.4% · Return on assets (EBIT) −52.5% (5-year average) · Operating margin −24.3% · Revenue (TTM) 9.6M NZD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).

What moves the price

For context, the median of 10 Technology peers we cover trades at 9% fair-value upside, at −16%, TWL screens richer than that median.

Fair Value

Bear A$0.0755 Fair Value A$0.1007 Bull A$0.1259
Price A$0.1200 · Downside -16.1%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 40/100

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

Profitability 29
How much profit the company makes from its sales and capital
Quality Growth 70
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 73
Debt, balance sheet and risk of trouble
Investment 90
Does it invest with discipline instead of growing at any price?
Low Volatility 48
How calm the share price moves, does not count
Price momentum 26
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 7
Distance to the 52-week high, does not count
New shares 0
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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+19.7%
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.
+25.0%
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.
−314.2% (2022) → −26.1% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

TWL screens overvalued: fair value 16% below the price. Compare with SAP SE →

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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.Software - Application · 721 stocks

Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside −16.1% · Below median
Profitability
Return on assets −17.2% · Bottom 25%
Net margin (12 months) −27.0% · Bottom 25%
Operating margin (12 months) −24.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 14.9% · Above median
Balance sheet
Debt / equity 0.02× · Below median

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 1.93× · Cheaper than median
P/S (12 months) 2.51× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)12 · sector 26
FUTURE (revenue growth)75 · sector 40
PAST (return on equity)0 · sector 10
HEALTH (low debt)99 · sector 98
DIVIDEND (yield)0 · sector 27

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 Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Adobe Inc ADBE $237.32 $463.72 +95% vs TWL
Salesforce, Inc CRM $214.94 $342.73 +59% vs TWL
Uber Technologies, Inc UBER $71.17 $101.28 +42% vs TWL
Intuit Inc INTU $338.23 $459.14 +36% vs TWL
ServiceNow, Inc NOW $102.76 $112.17 +9% vs TWL
SAP SE SAP €211.65 €173.59 −18% vs TWL
Cadence Design Systems, Inc CDNS $336.53 $225.48 −33% vs TWL
Automatic Data Processing, Inc ADP $302.06 $150.40 −50% vs TWL
Shopify Inc SHOP $152.06 $64.96 −57% vs TWL
Snowflake Inc SNOW $291.14 $73.81 −75% vs TWL

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Trade Window Holdings Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Trade Window Holdings Limited Fair Value". https://www.fairvalue-calculator.com/stock/TWL

Frequently asked questions

Is Trade Window Holdings Limited (TWL) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.1007 versus the last price from Oct 29, 2026 of A$0.1200, about 16% lower (overvalued).
What is the fair value of TWL?
Our estimate for Trade Window Holdings Limited is A$0.1007 (as of Nov 10, 2026), built from audited fundamentals. Last price (from Oct 29, 2026): A$0.1200.
What is the quality score of TWL?
Trade Window Holdings Limited has a Quality Score of 40/100. 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 Trade Window Holdings Limited (TWL)?
Our calculated price target is the estimate of A$0.1007 (as of Nov 10, 2026). Cautious scenario A$0.0755, optimistic scenario A$0.1259. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Trade Window Holdings Limited stock forecast for 2026?
Our estimate puts fair value at A$0.1007, about 16% lower versus the last price from Oct 29, 2026 of A$0.1200 (overvalued). Cautious scenario A$0.0755, optimistic scenario A$0.1259. The calculation is refreshed regularly with new filings.
What is the revenue of Trade Window Holdings Limited (TWL)?
Trade Window Holdings Limited reported trailing-twelve-month revenue of about 9.6M NZD (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Trade Window Holdings Limited (TWL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Trade Window Holdings Limited it is A$0.1007 per share (as of Nov 10, 2026), against a price of A$0.1200.
Is Trade Window Holdings Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, TWL trades above its calculated fair value: price A$0.1200, fair value A$0.1007, a gap of about −16% (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 TWL?
No. The price is what the market pays today (A$0.1200); the fair value is what the company's own numbers justify (A$0.1007). For Trade Window Holdings Limited the two are A$0.0193 per share apart. That gap is exactly why we show both numbers side by side.
How much is Trade Window Holdings Limited worth?
The market values Trade Window Holdings Limited at about A$19.6M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.1200; our models calculate a fair value of A$0.1007 per share.
What do the bullish and bearish scenarios say about TWL?
Our models span a range for Trade Window Holdings Limited: cautious scenario A$0.0755, base A$0.1007, optimistic A$0.1259 per share (as of Nov 10, 2026, price A$0.1200). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Trade Window Holdings Limited (TWL)?
Balance-sheet figures for Trade Window Holdings Limited (as of Nov 10, 2026): return on equity −25.4%, debt of 0.02 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
Which stocks are comparable to Trade Window Holdings Limited?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Trade Window Holdings Limited stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.1200, calculated fair value A$0.1007 (−16%), Quality Score 40/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. Trade Window Holdings 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 Trade Window Holdings Limited (TWL)?
The latest price we hold is from Oct 29, 2026 and stands at A$0.1200. Our estimate is A$0.1007, about 16% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Trade Window Holdings Limited right now?
Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Trade Window Holdings Limited

How large is the market capitalisation of Trade Window Holdings Limited (TWL)?
The market capitalisation of Trade Window Holdings Limited is A$19.6M (≈ $13.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Trade Window Holdings Limited (TWL)?
The price-to-sales ratio of Trade Window Holdings Limited is 2.04 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Trade Window Holdings Limited (TWL)?
Earnings per share at Trade Window Holdings Limited are A$−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Trade Window Holdings Limited (TWL)?
The net margin of Trade Window Holdings Limited is −27.0% (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 Trade Window Holdings Limited (TWL)?
The return on equity (ROE) of Trade Window Holdings Limited is −25.4% (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 Trade Window Holdings Limited (TWL)?
On an EBIT basis the return on assets of Trade Window Holdings Limited is −52.5% (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 Trade Window Holdings Limited (TWL)?
The operating margin of Trade Window Holdings Limited is −24.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Trade Window Holdings Limited (TWL)?
Revenue at Trade Window Holdings Limited is growing +14.9% versus a year earlier (3y avg +25.0%). 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 Trade Window Holdings Limited (TWL) generate?
The free cash flow of Trade Window Holdings Limited is −2.0M NZD (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Trade Window Holdings Limited (TWL) carry?
The net debt of Trade Window Holdings Limited is 991K NZD (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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