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Trade Window Holdings Limited (TWL) Fair Value & Analysis

Technology · AU · Market cap A$25.3M

TW Trade Window Holdings Limited TWL · AU
PriceA$0.1100
Fair ValueA$0.0170
Upside-84.6%
Quality40/100

Risks

!Trades 547% ABOVE our fair value of A$0.0170
!Expensive Growth (revenue 3y +25.0 %/yr)
!Loss-making · -27.0% net margin
!Low debt · negative free cash flow
Expensive Growth (revenue 3y +25.0 %/yr)
Loss-making · -27.0% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 12/100
Evidence: Low Range A$0.0085 – A$0.0255 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 10 days ago

Share price −15.4% over the past month.

Below-average quality, and screening another 85% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (A$0.0255). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (A$0.0085 to A$0.0255). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (8 months)

A$0.3000 A$0.1000 Fair Value A$0.0170 Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

8‑month range A$0.1000 – A$0.3000 · fair‑value band A$0.0085 – A$0.0255 · the A$0.1100 price screens above the A$0.0170 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 13, 2026.

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Analysis

Trade Window Holdings Limited (TWL) currently trades at A$0.1100, while our model-based Fair Value estimate is A$0.0170, implying the stock looks roughly 84.6% overvalued today. The Quality Score stands at 40/100 (below-average 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: low).

Over the trailing twelve months, Trade Window Holdings Limited generated revenue of A$9.6M at a net margin of -27.0%. Revenue grew 14.9% year over year. It earns a return on equity of -25.4%. Fundamentals as of Aug 13, 2026

Our scenario range runs from A$0.0085 (bear case) to A$0.0255 (bull case); at A$0.1100, the current price sits above 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 64% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -34% fair-value upside, at -85%, TWL screens richer 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
NCAV (Graham) A$0.0400 A$0.0500 A$0.0800 50
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0400 A$0.0500 A$0.0800 50

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Key figures & financial health

P/S ratio 2.38 TTM
Net margin -27.0% TTM
Return on equity -25.4% TTM
Return on assets -11.8% TTM
Operating margin -24.3% TTM
EPS (TTM) A$-0.0100
More key figures
Growth
Revenue (TTM) A$9.6M TTM
Revenue growth (YoY) +14.9% 3y avg +25.0%
Balance sheet & cash flow
Free cash flow −A$2.0M FY2026
Net debt A$991K FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 42 · Market factors (momentum, volatility) 17

Profitability 29
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
A$9.6M
Latest YoY
+19.7%
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.
+25.0%
Value creation/yr 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
Revenue +25.5%/yr
FY22 A$3.9M
FY23 A$4.9M
FY24 A$6.2M
FY25 A$8.0M
FY26 A$9.6M
Net income
FY22 −A$10.8M
FY23 −A$9.8M
FY24 −A$8.0M
FY25 −A$3.5M
FY26 −A$2.6M

TWL screens 85% overvalued. Compare with SAP SE →

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

Peer Group

Software - Application · 728 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 42 · Below median
Fair Value upside −85% · Bottom 25%
Return on assets -12% · Bottom 25%
Net margin (TTM) -27% · Bottom 25%
Operating margin (TTM) -24% · Bottom 25%
Revenue growth 15% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 1.46× · Cheaper than median
P/S (TTM) 1.89× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE75 · sector 39
PAST0 · sector 12
HEALTH99 · sector 98
DIVIDEND0 · sector 29

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

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 (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAP €182.50 €169.59 -7%
Shopify Inc SHOP C$209.78 C$28.76 -86%
Uber Technologies, Inc UBER $75.36 $43.66 -42%
Salesforce, Inc CRM $193.32 $249.28 +29%
ServiceNow, Inc NOW $124.94 $43.73 -65%
Cadence Design Systems, Inc CDNS $323.13 $112.57 -65%
Snowflake Inc SNOW $332.26 $42.27 -87%
Adobe Inc ADBE $275.30 $454.04 +65%
Automatic Data Processing, Inc ADP $269.33 $177.51 -34%
Intuit Inc INTU $334.71 $363.46 +9%

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Frequently asked questions

Is Trade Window Holdings Limited (TWL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of A$0.0170 versus a price of A$0.1100, about −85% (overvalued).
What is the fair value of TWL?
Our model-based fair value for Trade Window Holdings Limited is A$0.0170 (as of Aug 13, 2026), built from audited fundamentals. The current price: A$0.1100.
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 revenue of Trade Window Holdings Limited (TWL)?
Trade Window Holdings Limited reported trailing-twelve-month revenue of about A$9.6M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TWL?
The net profit margin of Trade Window Holdings Limited is about -27.0%, 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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