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Multi Ways Holdings Limited (MWG) 10-Year Financial Performance & Capital Metrics

MWG • • Industrial / General
IndustrialsRental & LeasingConstruction & Industrial Equipment RentalSpecialized Heavy Equipment Suppliers
AboutMulti Ways Holdings Limited supplies a range of heavy construction equipment for sales and rental in Singapore, Australia, and internationally. The company engages in the supplying and rental of new and used heavy construction equipment in the infrastructure, building construction, mining, offshore and marine, and oil and gas industries. It offers earth-moving equipment, such as bulldozers, off-terrain dump trucks, excavators, and wheel loaders; material-handling equipment such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts, and telescopic handlers; road-building equipment comprising motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers, and mini excavators; and air compressors, generators, lighting towers, and welding machines. The company was founded in 1988 and is headquartered in Singapore. Multi Ways Holdings Limited operates as a subsidiary of MWE Investments Limited.Show more
  • Revenue $31M -13.7%
  • EBITDA -$729K +44.1%
  • Net Income -$3M -259.5%
  • EPS (Diluted) -0.07 -210.0%
  • Gross Margin 31.27% +34.4%
  • EBITDA Margin -2.35% +35.2%
  • Operating Margin -6.24% +27.0%
  • Net Margin -9.19% -285.0%
  • ROE -13.62% -207.1%
  • ROIC -4.39% +52.0%
  • Debt/Equity 1.09 +86.5%
  • Interest Coverage -1.29 +53.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 0.4x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Negative free cash flow
  • ✗Thin 5Y average net margin of 1.6%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-2.39%
TTM-6.53%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-138.32%

EPS CAGR

10Y-
5Y-
3Y-
TTM-101.07%

ROCE

10Y Avg0.18%
5Y Avg0.18%
3Y Avg-1.67%
Latest-7.56%

Peer Comparison

Specialized Heavy Equipment Suppliers
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TLIHTen-League International Holdings Limited Ordinary Shares14.44M0.497.82-19.63%3.22%35.71%6.05
ALTGAlta Equipment Group Inc.203.4M6.31-3.22-0.01%-4.34%-27.31%15.45
MWGMulti Ways Holdings Limited12.68M0.25-3.68-13.74%-1.59%-5.3%1.09
CTOSCustom Truck One Source, Inc.1.45B6.40-53.33-3.37%-1.26%-3.1%2.82

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+29.89M33.41M38.36M36.02M31.07M
Revenue Growth %-0.12%0.15%-0.06%-0.14%
Cost of Goods Sold+23.04M24.05M28.62M27.64M21.35M
COGS % of Revenue0.77%0.72%0.75%0.77%0.69%
Gross Profit+6.84M9.36M9.74M8.38M9.71M
Gross Margin %0.23%0.28%0.25%0.23%0.31%
Gross Profit Growth %-0.37%0.04%-0.14%0.16%
Operating Expenses+6.87M7.61M8.17M11.73M11.65M
OpEx % of Revenue0.23%0.23%0.21%0.33%0.38%
Selling, General & Admin5.43M5.86M6.36M9.69M9.46M
SG&A % of Revenue0.18%0.18%0.17%0.27%0.3%
Research & Development00000
R&D % of Revenue-----
Other Operating Expenses890K724K1.8M02.19M
Operating Income+-605K1.63M2.39M-3.08M-1.94M
Operating Margin %-0.02%0.05%0.06%-0.09%-0.06%
Operating Income Growth %-3.7%0.46%-2.29%0.37%
EBITDA+607.86K2.82M3.57M-1.3M-729K
EBITDA Margin %0.02%0.08%0.09%-0.04%-0.02%
EBITDA Growth %-3.64%0.26%-1.37%0.44%
D&A (Non-Cash Add-back)1.21M1.19M1.18M1.77M1.21M
EBIT2.18M2.75M1.5M2.79M-1.66M
Net Interest Income+-844K-697K-748K-1.05M-1.28M
Interest Income14K19K057K220K
Interest Expense858K716K748K1.1M1.5M
Other Income/Expense1.93M397K-832K4.76M-1.23M
Pretax Income+1.32M2.03M1.56M1.69M-3.16M
Pretax Margin %0.04%0.06%0.04%0.05%-0.1%
Income Tax+3K230K529K-53K-310K
Effective Tax Rate %1%0.89%0.63%1.06%0.9%
Net Income+1.32M1.8M978K1.79M-2.85M
Net Margin %0.04%0.05%0.03%0.05%-0.09%
Net Income Growth %-0.37%-0.46%0.83%-2.6%
Net Income (Continuing)1.32M1.8M1.03M1.74M-2.85M
Discontinued Operations00000
Minority Interest0050K00
EPS (Diluted)+0.010.010.030.06-0.07
EPS Growth %--1.47%0.83%-2.1%
EPS (Basic)0.010.010.030.06-0.07
Diluted Shares Outstanding99.2M99.2M30.84M29.28M31.76M
Basic Shares Outstanding99.2M99.2M30.84M29.28M31.71M
Dividend Payout Ratio--0.08%5.88%-

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+40.45M45.12M44.07M52.38M65M
Cash & Short-Term Investments325K1.53M1.33M9.28M3.31M
Cash Only325K1.53M1M7.07M3.26M
Short-Term Investments00325K242K47K
Accounts Receivable6.35M5.6M11.3M6.24M16.6M
Days Sales Outstanding77.5861.14107.5363.27194.99
Inventory30.39M32.87M31.44M36.69M45.1M
Days Inventory Outstanding481.32498.94401.03484.61770.89
Other Current Assets000166K0
Total Non-Current Assets+11.58M9.5M8.71M5.62M4.58M
Property, Plant & Equipment11.58M9.49M8.71M3.41M2.37M
Fixed Asset Turnover2.58x3.52x4.41x10.56x13.14x
Goodwill00000
Intangible Assets00000
Long-Term Investments0002.2M2.2M
Other Non-Current Assets00011K0
Total Assets+52.03M54.62M52.79M58M69.58M
Asset Turnover0.57x0.61x0.73x0.62x0.45x
Asset Growth %-0.05%-0.03%0.1%0.2%
Total Current Liabilities+26.23M40.67M41.19M31.48M44.8M
Accounts Payable5.07M4.41M4.78M4.76M6.94M
Days Payables Outstanding80.2366.9860.9862.84118.63
Short-Term Debt9.22M7.41M8.86M19.11M12.64M
Deferred Revenue (Current)1000K1000K1000K01000K
Other Current Liabilities5.19M15.99M18.64M3.55M0
Current Ratio1.54x1.11x1.07x1.66x1.45x
Quick Ratio0.38x0.30x0.31x0.50x0.44x
Cash Conversion Cycle478.68493.11447.59485.03847.25
Total Non-Current Liabilities+10.06M8.58M5.29M4.7M4.69M
Long-Term Debt7.18M4.91M3.17M431K0
Capital Lease Obligations2.88M3.67M2.11M4.26M4.69M
Deferred Tax Liabilities00000
Other Non-Current Liabilities00000
Total Liabilities36.29M49.26M46.47M36.17M49.49M
Total Debt+21.27M17.94M17.64M12.77M21.91M
Net Debt20.94M16.41M16.63M5.69M18.65M
Debt / Equity1.35x3.35x2.79x0.58x1.09x
Debt / EBITDA34.98x6.36x4.94x--
Net Debt / EBITDA34.45x5.81x4.66x--
Interest Coverage-0.71x2.28x3.19x-2.79x-1.29x
Total Equity+15.74M5.36M6.31M21.83M20.09M
Equity Growth %--0.66%0.18%2.46%-0.08%
Book Value per Share0.160.050.200.750.63
Total Shareholders' Equity15.74M5.36M6.26M21.83M20.09M
Common Stock6K6K6K8K9K
Retained Earnings10.3M257K1.24M3.02M170K
Treasury Stock00000
Accumulated OCI0-345K-419K-150K-234K
Minority Interest0050K00

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+1.66M5.63M833K55K-12.91M
Operating CF Margin %0.06%0.17%0.02%0%-0.42%
Operating CF Growth %-2.4%-0.85%-0.93%-235.73%
Net Income1.32M2.03M1.56M1.33M-3.16M
Depreciation & Amortization1.67M1.6M1.63M1.32M1.21M
Stock-Based Compensation00001.2M
Deferred Taxes00000
Other Non-Cash Items1.92M1.09M191K-2.78M1.55M
Working Capital Changes-3.26M909K-2.54M182K-13.7M
Change in Receivables4.76M-1.19M-942K1.31M-1.27M
Change in Inventory-5.73M-2.76M940K2.7M-9.33M
Change in Payables-1.48M-1.33M1.89M-1.58M2.04M
Cash from Investing+-565K343K-1.14M6.81M26K
Capital Expenditures-637K0-817K-1.96M-598K
CapEx % of Revenue0.02%-0.02%0.05%0.02%
Acquisitions-----
Investments-----
Other Investing19.8K87.77K2K8.71M464K
Cash from Financing+-899K-4.76M-219K-875K9.22M
Debt Issued (Net)-----
Equity Issued (Net)-----
Dividends Paid00-77K-10.52M0
Share Repurchases-----
Other Financing0077K3.45M0
Net Change in Cash-----
Free Cash Flow+1.02M5.63M16K-1.9M-13.51M
FCF Margin %0.03%0.17%0%-0.05%-0.43%
FCF Growth %-4.53%-1%-119.75%-6.11%
FCF per Share0.010.060.00-0.06-0.43
FCF Conversion (FCF/Net Income)1.26x3.13x0.85x0.03x4.52x
Interest Paid00748K1.05M803K
Taxes Paid0040K675K18K

Key Ratios

Metric20202021202220232024
Return on Equity (ROE)8.38%17.07%16.76%12.72%-13.62%
Return on Invested Capital (ROIC)-1.24%4.19%8.01%-9.15%-4.39%
Gross Margin22.89%28.01%25.4%23.27%31.27%
Net Margin4.41%5.39%2.55%4.97%-9.19%
Debt / Equity1.35x3.35x2.79x0.58x1.09x
Interest Coverage-0.71x2.28x3.19x-2.79x-1.29x
FCF Conversion1.26x3.13x0.85x0.03x4.52x
Revenue Growth-11.78%14.83%-6.11%-13.74%

Revenue by Segment

2013201420152016201720182019202220232024
Equipment Sales-------32.2M24.7M21.49M
Equipment Sales Growth---------23.31%-12.99%
Rental-------3.8M4.95M7.17M
Rental Growth--------30.24%44.80%
Services-------2.35M6.37M2.41M
Services Growth--------170.52%-62.20%
Institutional Securities15.44B16.87B17.95B17.46B18.81B-20.39B---
Institutional Securities Growth-9.25%6.41%-2.75%7.76%-----
Wealth Management14.21B14.89B15.1B15.35B16.84B-17.74B---
Wealth Management Growth-4.74%1.42%1.66%9.68%-----
Investment Management2.99B2.71B2.31B2.11B2.59B-3.76B---
Investment Management Growth--9.24%-14.64%-8.77%22.44%-----
Underwriting-----193M----
Underwriting Growth----------
Investment Advice-----75M----
Investment Advice Growth----------
Contract with Customer, Other-----52M----
Contract with Customer, Other Growth----------
Asset Management-----30M----
Asset Management Growth----------
Intersegment Eliminations-228M---------
Intersegment Eliminations Growth----------

Revenue by Geography

2013201420152016201720182019202220232024
SINGAPORE-------15.81M17.43M17.88M
SINGAPORE Growth--------10.24%2.55%
Other Countries-------13.49M11.85M7.62M
Other Countries Growth---------12.18%-35.68%
UNITED ARAB EMIRATES---------4.84M
UNITED ARAB EMIRATES Growth----------
AUSTRALIA-------9.06M6.74M728K
AUSTRALIA Growth---------25.61%-89.19%
Americas23.28B25.14B25.08B25.49B27.82B29.3B30.23B---
Americas Growth-7.98%-0.24%1.62%9.14%5.33%3.16%---
EMEA-----6.09B6.06B---
EMEA Growth-------0.51%---
Asia4.59B4.36B4.72B4.15B4.41B4.71B5.13B---
Asia Growth--5.01%8.23%-12.11%6.36%6.80%8.87%---
Europe, Middle East, and Africa4.54B4.77B5.35B4.99B5.71B-----
Europe, Middle East, and Africa Growth-5.06%12.18%-6.71%14.42%-----

Frequently Asked Questions

Growth & Financials

Multi Ways Holdings Limited (MWG) reported $67.1M in revenue for fiscal year 2024. This represents a 124% increase from $29.9M in 2020.

Multi Ways Holdings Limited (MWG) saw revenue decline by 13.7% over the past year.

Multi Ways Holdings Limited (MWG) reported a net loss of $1.1M for fiscal year 2024.

Dividend & Returns

Multi Ways Holdings Limited (MWG) has a return on equity (ROE) of -13.6%. Negative ROE indicates the company is unprofitable.

Multi Ways Holdings Limited (MWG) had negative free cash flow of $15.4M in fiscal year 2024, likely due to heavy capital investments.

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