Top Wealth Group Holding Limited Ordinary Shares (TWG) 10-Year Financial Performance & Capital Metrics

TWG • • Industrial / General

Consumer DefensiveFood DistributionSpecialty Food DistributionSpecialty Food Importers

AboutTop Wealth Group Holding Limited, through its subsidiaries, provides caviar and caviar-based gourmet products in Hong Kong and internationally. The company also trades in caviars; and offers its products under the Imperial Cristal Caviar brand name. It serves food and beverage related distributors. The company was founded in 2009 and is based in Sai Wan, Hong Kong. Top Wealth Group Holding Limited operates as a subsidiary of Winwin Development Group Limited.Show more

Revenue $5M -72.0%
EBITDA -$453K -113.8%
Net Income -$2M -182.8%
EPS (Diluted) -3.25 -140.1%
Gross Margin 52.8% +66.1%
EBITDA Margin -9.55% -149.3%
Operating Margin -10.85% -160.4%
Net Margin -42.54% -395.6%
ROE -17.13% -126.2%
ROIC -3.17% -105.6%
Debt/Equity 0.01 -95.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 67.9%
✓Trading at only 0.1x book value

✗Weaknesses

✗Weak momentum: RS Rating 5 (bottom 5%)
✗Shares diluted 26.8% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y523.2%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg64.1%

5Y Avg64.1%

3Y Avg86.87%

Latest-4.37%

Peer Comparison

Specialty Food Importers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WILCG. Willi-Food International Ltd.	406.98M	29.23	5.77	5.99%	15.83%	49.31%		0.01
TWGTop Wealth Group Holding Limited Ordinary Shares	4.47M	3.44	-1.06	-71.98%	1.93%	2.25%	2.54%	0.01

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	19.61K	8.51M	16.94M	4.75M
Revenue Growth %	-	433%	0.99%	-0.72%
Cost of Goods Sold+	874	586.55K	11.56M	2.24M
COGS % of Revenue	0.04%	0.07%	0.68%	0.47%
Gross Profit+	15.3K	4.2M	5.39M	2.51M
Gross Margin %	0.78%	0.49%	0.32%	0.53%
Gross Profit Growth %	-	273.68%	0.28%	-0.53%
Operating Expenses+	32.19K	1.92M	2.34M	3.02M
OpEx % of Revenue	1.64%	0.23%	0.14%	0.64%
Selling, General & Admin	29.71K	1.92M	2.11M	2.96M
SG&A % of Revenue	1.51%	0.23%	0.12%	0.62%
Research & Development	0	0	0	0
R&D % of Revenue	-	-	-	-
Other Operating Expenses	2.48K	0	233.66K	61.88K
Operating Income+	-16.89K	2.28M	3.05M	-515.21K
Operating Margin %	-0.86%	0.27%	0.18%	-0.11%
Operating Income Growth %	-	136.03%	0.34%	-1.17%
EBITDA+	-14.4K	2.45M	3.28M	-453.32K
EBITDA Margin %	-0.73%	0.29%	0.19%	-0.1%
EBITDA Growth %	-	171.34%	0.34%	-1.14%
D&A (Non-Cash Add-back)	2.48K	173.22K	233.66K	61.88K
EBIT	-16.89K	2.28M	3.05M	-515.21K
Net Interest Income+	0	0	0	0
Interest Income	0	0	0	0
Interest Expense	0	0	0	0
Other Income/Expense	0	0	0	-1.5M
Pretax Income+	-16.89K	2.28M	3.05M	-2.02M
Pretax Margin %	-0.86%	0.27%	0.18%	-0.43%
Income Tax+	-5.89K	362.59K	607.15K	0
Effective Tax Rate %	0.65%	0.84%	0.8%	1%
Net Income+	-10.99K	1.92M	2.44M	-2.02M
Net Margin %	-0.56%	0.23%	0.14%	-0.43%
Net Income Growth %	-	175.42%	0.27%	-1.83%
Net Income (Continuing)	-10.99K	1.92M	2.44M	-2.02M
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	0
EPS (Diluted)+	-0.04	6.39	8.10	-3.25
EPS Growth %	-	175.59%	0.27%	-1.4%
EPS (Basic)	-0.04	6.39	8.10	-3.25
Diluted Shares Outstanding	300K	300K	300K	380.42K
Basic Shares Outstanding	300K	300K	300K	380.42K
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	251.27K	2.98M	7.13M	3.78M
Cash & Short-Term Investments	1.39K	217.38K	134.35K	42.38K
Cash Only	1.39K	217.38K	134.35K	42.38K
Short-Term Investments	0	0	0	0
Accounts Receivable	561	40.25K	5.97M	1.56M
Days Sales Outstanding	10.44	1.73	128.67	120.19
Inventory	0	2.07M	153.21K	0
Days Inventory Outstanding	-	1.29K	4.84	-
Other Current Assets	0	63.73K	595.06K	0
Total Non-Current Assets+	88.47K	453K	219.21K	16.01M
Property, Plant & Equipment	10.59K	439.27K	174.96K	72.66K
Fixed Asset Turnover	1.85x	19.38x	96.84x	65.34x
Goodwill	0	0	0	0
Intangible Assets	0	0	0	0
Long-Term Investments	0	0	0	0
Other Non-Current Assets	77.13K	0	44.25K	15.89M
Total Assets+	339.75K	3.43M	7.35M	19.78M
Asset Turnover	0.06x	2.48x	2.31x	0.24x
Asset Growth %	-	9.1%	1.14%	1.69%
Total Current Liabilities+	384.92K	902.55K	2.4M	1.16M
Accounts Payable	0	200.61K	0	0
Days Payables Outstanding	-	124.83	-	-
Short-Term Debt	327.38K	0	777.89K	140.56K
Deferred Revenue (Current)	0	0	0	0
Other Current Liabilities	-327.38K	588.2K	1.03M	-140.56K
Current Ratio	0.65x	3.30x	2.98x	3.25x
Quick Ratio	0.65x	1.01x	2.91x	3.25x
Cash Conversion Cycle	-	1.17K	-	-
Total Non-Current Liabilities+	1.76K	17.76K	0	0
Long-Term Debt	0	0	0	0
Capital Lease Obligations	1.76K	17.76K	0	0
Deferred Tax Liabilities	0	0	0	0
Other Non-Current Liabilities	0	0	0	0
Total Liabilities	386.68K	920.32K	2.4M	1.16M
Total Debt+	349.72K	71.08K	818.31K	140.56K
Net Debt	348.33K	-146.31K	683.96K	-42.38K
Debt / Equity	-	0.03x	0.17x	0.01x
Debt / EBITDA	-	0.03x	0.25x	-
Net Debt / EBITDA	-	-0.06x	0.21x	-
Interest Coverage	-	-	-	-
Total Equity+	-46.93K	2.51M	4.95M	18.62M
Equity Growth %	-	54.52%	0.97%	2.76%
Book Value per Share	-0.16	8.37	16.51	48.95
Total Shareholders' Equity	-46.93K	2.51M	4.95M	18.62M
Common Stock	2.7K	2.7K	2.7K	5.6K
Retained Earnings	-46.95K	1.87M	4.31M	2.29M
Treasury Stock	0	0	0	0
Accumulated OCI	0	0	0	0
Minority Interest	0	0	0	0

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	63.52K	15.36K	-110.31K	113.75K
Operating CF Margin %	3.24%	0%	-0.01%	0.02%
Operating CF Growth %	-	-0.76%	-8.18%	2.03%
Net Income	-10.99K	244.91K	311.42K	-258.81K
Depreciation & Amortization	2.48K	22.12K	29.84K	7.93K
Stock-Based Compensation	0	0	0	0
Deferred Taxes	-5.89K	-1K	-3.9K	0
Other Non-Cash Items	0	0	0	192.8K
Working Capital Changes	77.92K	-250.67K	-447.68K	171.83K
Change in Receivables	-29	-5.14K	-757.76K	565.1K
Change in Inventory	-249.33K	-232.73K	245.05K	-173.16K
Change in Payables	0	25.62K	-25.62K	0
Cash from Investing+	-62.72K	-61.45K	0	-2.04M
Capital Expenditures	-62.72K	-61.45K	0	-15.89M
CapEx % of Revenue	3.2%	0.01%	-	3.35%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	0	0	0	13.85M
Cash from Financing+	12	73.67K	99.7K	1.91M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	10	0	0	-13.68M
Net Change in Cash	-	-	-	-
Free Cash Flow+	792	-46.09K	-110.31K	113.75K
FCF Margin %	0.04%	-0.01%	-0.01%	0.02%
FCF Growth %	-	-59.19%	-1.39%	2.03%
FCF per Share	0.00	-0.15	-0.37	0.30
FCF Conversion (FCF/Net Income)	-5.78x	0.01x	-0.05x	-0.06x
Interest Paid	0	0	0	0
Taxes Paid	0	0	15.82K	180.91K

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	-	155.61%	65.33%	-17.13%
Return on Invested Capital (ROIC)	-4.2%	128.26%	57.08%	-3.17%
Gross Margin	78.01%	49.37%	31.8%	52.8%
Net Margin	-56.05%	22.53%	14.39%	-42.54%
Debt / Equity	-	0.03x	0.17x	0.01x
FCF Conversion	-5.78x	0.01x	-0.05x	-0.06x
Revenue Growth	-	43300.1%	99.03%	-71.98%

Frequently Asked Questions

Growth & Financials

Top Wealth Group Holding Limited Ordinary Shares (TWG) reported $21.7M in revenue for fiscal year 2024. This represents a 110483% increase from $0.0M in 2021.

Top Wealth Group Holding Limited Ordinary Shares (TWG) saw revenue decline by 72.0% over the past year.

Yes, Top Wealth Group Holding Limited Ordinary Shares (TWG) is profitable, generating $0.4M in net income for fiscal year 2024 (-42.5% net margin).

Dividend & Returns

Top Wealth Group Holding Limited Ordinary Shares (TWG) has a return on equity (ROE) of -17.1%. Negative ROE indicates the company is unprofitable.

Top Wealth Group Holding Limited Ordinary Shares (TWG) had negative free cash flow of $0.7M in fiscal year 2024, likely due to heavy capital investments.

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