WF Holding Limited Ordinary Shares (WFF) 10-Year Financial Performance & Capital Metrics

WFF • • Industrial / General

IndustrialsIndustrial MachineryEnvironmental & Emissions ControlEmissions Control Systems

AboutWF Holding Limited manufactures and sells fiberglass reinforced plastic (FRP) products in Malaysia. It offers filament wound and molded tanks, thermoplastic tanks, lining products, ducting and fitting products, air pollution control equipment, and custom-made products. The company also offer delivery, installation, repair, and maintenance services, as well as on-site consultation services. It serves chemical processing, water and wastewater treatment, and power generation. The company was incorporated in 2023 and is based in Shah Alam, Malaysia. WF Holding Limited operates as a subsidiary of Lew Capital Private LimitedShow more

Revenue $5M -20.3%
EBITDA $269K -65.5%
Net Income $112K -77.3%
EPS (Diluted) 0.00 -79.7%
Gross Margin 40.36% +16.9%
EBITDA Margin 5.89% -56.8%
Operating Margin 2.53% -77.8%
Net Margin 2.44% -71.5%
ROE 4.21% -79.8%
ROIC 3.9% -82.6%
Debt/Equity 0.16 -27.8%
Interest Coverage 5.53 -81.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 27.5%
✓FCF machine: 15.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Weak momentum: RS Rating 4 (bottom 4%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-7.62%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg19.37%

5Y Avg19.37%

3Y Avg27.78%

Latest3.85%

Peer Comparison

Emissions Control Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CECOCECO Environmental Corp.	2.36B	66.16	183.78	2.4%	7.22%	16.54%	0.32%	0.99
WFFWF Holding Limited Ordinary Shares	11.08M	0.44	110	-20.26%	2.44%	4.21%	6.33%	0.16
FTEKFuel Tech, Inc.	49.72M	1.60	-25.16	-7.19%	-12.17%	-7.33%		0.01
MIRMirion Technologies, Inc.	6.6B	27.00	-150	7.48%	2.94%	1.4%	0.76%	0.46

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	5.8M	4.97M	5.73M	4.57M
Revenue Growth %	-	-0.14%	0.15%	-0.2%
Cost of Goods Sold+	4.66M	2.83M	3.75M	2.73M
COGS % of Revenue	0.8%	0.57%	0.65%	0.6%
Gross Profit+	1.14M	2.14M	1.98M	1.85M
Gross Margin %	0.2%	0.43%	0.35%	0.4%
Gross Profit Growth %	-	0.88%	-0.08%	-0.07%
Operating Expenses+	1.24M	887.85K	1.32M	1.73M
OpEx % of Revenue	0.21%	0.18%	0.23%	0.38%
Selling, General & Admin	1.24M	887.85K	1.32M	1.73M
SG&A % of Revenue	0.21%	0.18%	0.23%	0.38%
Research & Development	0	0	0	0
R&D % of Revenue	-	-	-	-
Other Operating Expenses	0	0	0	0
Operating Income+	-106.02K	1.25M	655.47K	115.85K
Operating Margin %	-0.02%	0.25%	0.11%	0.03%
Operating Income Growth %	-	12.82%	-0.48%	-0.82%
EBITDA+	6.76K	1.36M	780.96K	269.14K
EBITDA Margin %	0%	0.27%	0.14%	0.06%
EBITDA Growth %	-	199.83%	-0.43%	-0.66%
D&A (Non-Cash Add-back)	112.78K	105.04K	125.49K	153.29K
EBIT	-10.01K	1.31M	717.92K	139.97K
Net Interest Income+	-25.96K	-22.26K	-22.31K	-20.96K
Interest Income	0	0	0	0
Interest Expense	25.96K	22.26K	22.31K	20.96K
Other Income/Expense	70.05K	32.21K	40.15K	3.17K
Pretax Income+	-35.97K	1.29M	695.61K	119.02K
Pretax Margin %	-0.01%	0.26%	0.12%	0.03%
Income Tax+	-8.95K	306.54K	204.21K	7.41K
Effective Tax Rate %	0.75%	0.76%	0.71%	0.94%
Net Income+	-27.02K	978.82K	491.4K	111.6K
Net Margin %	-0%	0.2%	0.09%	0.02%
Net Income Growth %	-	37.23%	-0.5%	-0.77%
Net Income (Continuing)	-27.02K	978.82K	491.4K	111.6K
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	0
EPS (Diluted)+	-0.00	0.04	0.02	0.00
EPS Growth %	-	-	-0.5%	-0.8%
EPS (Basic)	-0.00	0.04	0.02	0.00
Diluted Shares Outstanding	24.95M	24.95M	24.95M	24.95M
Basic Shares Outstanding	24.95M	24.95M	24.95M	24.95M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.16M	3.38M	3.93M	4.82M
Cash & Short-Term Investments	1.14M	689.79K	777.13K	1.06M
Cash Only	1.14M	689.79K	777.13K	1.06M
Short-Term Investments	0	0	0	0
Accounts Receivable	1.36M	1.56M	2.18M	1.8M
Days Sales Outstanding	85.41	114.78	138.6	143.47
Inventory	479.82K	976.32K	444.76K	846.21K
Days Inventory Outstanding	37.57	126.06	43.25	113.26
Other Current Assets	135.44K	131K	465.14K	829.29K
Total Non-Current Assets+	1.43M	1.44M	1.44M	1.4M
Property, Plant & Equipment	1.07M	1.11M	1.13M	1.03M
Fixed Asset Turnover	5.41x	4.48x	5.08x	4.42x
Goodwill	0	0	0	0
Intangible Assets	361.43K	335.51K	314.51K	315.71K
Long-Term Investments	0	0	0	0
Other Non-Current Assets	0	0	0	0
Total Assets+	4.6M	4.82M	5.38M	6.22M
Asset Turnover	1.26x	1.03x	1.07x	0.74x
Asset Growth %	-	0.05%	0.11%	0.16%
Total Current Liabilities+	2.79M	2.17M	2.39M	3.18M
Accounts Payable	958.98K	766.12K	834.19K	434.98K
Days Payables Outstanding	75.09	98.92	81.12	58.22
Short-Term Debt	108.93K	107.01K	59.15K	60.41K
Deferred Revenue (Current)	1000K	703.72K	833.34K	1000K
Other Current Liabilities	0	0	0	0
Current Ratio	1.13x	1.56x	1.64x	1.52x
Quick Ratio	0.96x	1.11x	1.46x	1.25x
Cash Conversion Cycle	47.89	141.92	100.73	198.51
Total Non-Current Liabilities+	559.61K	490.62K	426.19K	294.58K
Long-Term Debt	510.83K	448.29K	223.51K	171.54K
Capital Lease Obligations	12.18K	2.36K	182.32K	106.44K
Deferred Tax Liabilities	26.02K	24.52K	7.82K	0
Other Non-Current Liabilities	0	0	0	0
Total Liabilities	3.35M	2.66M	2.82M	3.47M
Total Debt+	642.37K	566.86K	553.41K	428.73K
Net Debt	-497.84K	-122.93K	-223.71K	-628K
Debt / Equity	0.52x	0.26x	0.22x	0.16x
Debt / EBITDA	94.98x	0.42x	0.71x	1.59x
Net Debt / EBITDA	-73.61x	-0.09x	-0.29x	-2.33x
Interest Coverage	-4.08x	56.29x	29.38x	5.53x
Total Equity+	1.25M	2.16M	2.56M	2.74M
Equity Growth %	-	0.73%	0.18%	0.07%
Book Value per Share	0.05	0.09	0.10	0.11
Total Shareholders' Equity	1.25M	2.16M	2.56M	2.74M
Common Stock	1.27K	1.15K	1.15K	1.15K
Retained Earnings	1.16M	2.14M	2.63M	2.74M
Treasury Stock	0	0	0	0
Accumulated OCI	3.23K	-62.37K	-156.46K	-81.19K
Minority Interest	0	0	0	0

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	154.78K	-166.63K	655.8K	753.46K
Operating CF Margin %	0.03%	-0.03%	0.11%	0.16%
Operating CF Growth %	-	-2.08%	4.94%	0.15%
Net Income	-27.02K	978.82K	491.4K	111.6K
Depreciation & Amortization	112.78K	105.04K	125.49K	153.29K
Stock-Based Compensation	0	0	0	0
Deferred Taxes	-24.15K	-1.5K	-16.7K	-58.54K
Other Non-Cash Items	167.25K	7.45K	135.05K	290.47K
Working Capital Changes	-74.08K	-1.26M	-79.44K	256.63K
Change in Receivables	-390.21K	-277.36K	-771.93K	38.44K
Change in Inventory	112	-521.3K	531.56K	-401.44K
Change in Payables	352.34K	-138K	-8.65K	-274.91K
Cash from Investing+	-60.56K	-116.92K	-73.09K	-51.52K
Capital Expenditures	-95.55K	-125.81K	-73.09K	-51.52K
CapEx % of Revenue	0.02%	0.03%	0.01%	0.01%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	34.99K	8.89K	0	0
Cash from Financing+	-247.15K	-106.2K	-442.79K	-465.64K
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	0	0	-338.97K	-356.42K
Net Change in Cash	-	-	-	-
Free Cash Flow+	59.23K	-292.44K	582.71K	701.94K
FCF Margin %	0.01%	-0.06%	0.1%	0.15%
FCF Growth %	-	-5.94%	2.99%	0.2%
FCF per Share	0.00	-0.01	0.02	0.03
FCF Conversion (FCF/Net Income)	-5.73x	-0.17x	1.33x	6.75x
Interest Paid	25.96K	22.26K	22.31K	20.96K
Taxes Paid	117.49K	118.94K	411.62K	149.79K

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	-2.17%	57.45%	20.83%	4.21%
Return on Invested Capital (ROIC)	-10.61%	67.46%	22.49%	3.9%
Gross Margin	19.62%	43.1%	34.54%	40.36%
Net Margin	-0.47%	19.7%	8.57%	2.44%
Debt / Equity	0.52x	0.26x	0.22x	0.16x
Interest Coverage	-4.08x	56.29x	29.38x	5.53x
FCF Conversion	-5.73x	-0.17x	1.33x	6.75x
Revenue Growth	-	-14.34%	15.42%	-20.26%

Frequently Asked Questions

Valuation & Price

WF Holding Limited Ordinary Shares (WFF) has a price-to-earnings (P/E) ratio of 110.0x. This suggests investors expect higher future growth.

Growth & Financials

WF Holding Limited Ordinary Shares (WFF) reported $4.6M in revenue for fiscal year 2024. This represents a 21% decrease from $5.8M in 2021.

WF Holding Limited Ordinary Shares (WFF) saw revenue decline by 20.3% over the past year.

Yes, WF Holding Limited Ordinary Shares (WFF) is profitable, generating $0.1M in net income for fiscal year 2024 (2.4% net margin).

Dividend & Returns

WF Holding Limited Ordinary Shares (WFF) has a return on equity (ROE) of 4.2%. This is below average, suggesting room for improvement.

WF Holding Limited Ordinary Shares (WFF) generated $0.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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