Waton Financial Limited Ordinary Shares (WTF) Fair Value & Analysis

Financial Services · US · Market cap $144M

Below-average quality, and screening another 88% overvalued on our models.

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 →

What matters now

• The price sits above even our optimistic bull case ($0.4500). 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 large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• A fairly wide model range ($0.2400 to $0.4500) leaves room in how you read the outcome.

Price vs Fair Value (17 months)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

17‑month range $2.47 – $19.85 · fair‑value band $0.2400 – $0.4500 · the $2.98 price screens above the $0.3600 fair value. Dashed = 300-day average. As of Aug 23, 2026.

Full chart & analysis →

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Analysis

Waton Financial Limited Ordinary Shares (WTF) currently trades at $2.98, while our model-based Fair Value estimate is $0.3600, implying the stock looks roughly 87.9% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Financial Services 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).

Trailing-twelve-month revenue stands at $10.0M. Revenue grew 100.1% year over year. The balance sheet holds a net cash position of $7.8M. Fundamentals as of Aug 23, 2026

Our scenario range runs from $0.2400 (bear case) to $0.4500 (bull case); at $2.98, 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 59% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -19% fair-value upside, at -88%, WTF 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.

Key figures & financial health

Quality Score breakdown

About the company

Waton Financial Limited provides securities brokerage and financial technology services in Hong Kong. The company offers securities brokerage services for securities listed on the Hong Kong Stock Exchange, including shares under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, the New York Stock Exchange, and the Nasdaq Stock …

Full company description

Waton Financial Limited provides securities brokerage and financial technology services in Hong Kong. The company offers securities brokerage services for securities listed on the Hong Kong Stock Exchange, including shares under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, the New York Stock Exchange, and the Nasdaq Stock Market; margin financing services; and other ancillary services through an electronic trading platform to its corporate and individual brokerage customers, as well as bond distribution services. It also provides software licensing and related support services comprising the licensing of the trading platform APP, upgrades and enhancements, maintenance, and other related services to financial institutions; and integrated and customizable software solutions to develop the trading platform APP that cover the front, middle, and back-office operations of securities brokerage businesses, such as electronic trade order placing, customer relationship management and operational data management, and securities order clearing and settlement services that enable the securities broker customers to digitalize and streamline their business operations and interact with the financial market. The company was formerly known as IAM Group Inc. and changed its name to Waton Financial Limited in July 2023. Waton Financial Limited was founded in 1989 and is based in Kowloon City, Hong Kong. Waton Financial Limited is a subsidiary of Waton Corporation Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Waton Financial Limited Ordinary Shares reported revenue of $11.1M in FY2026 versus $253K in FY2022, a compound +157.3%/yr. Reported net income was −$15.2M in FY2026.

WTF screens 88% overvalued. Compare with Mirae Asset Securities Co →

Peer Group

Capital Markets · 436 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.

Valuation Multiples vs Capital Markets median · lower = cheaper

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 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.

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Frequently asked questions

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.