NYSEAMERICAN : MWG
Multi Ways Holdings Limited — Financial statements
Industrials · Rental & Leasing Services · Singapore
Last price 1.4439 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 7.42M
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Financial statements
Multi Ways Holdings Limited (MWG) reported revenue of 44.77M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 44.77M | 44.77M | 31.07M | 36.02M | 38.36M | 33.41M |
| Cost of Revenue | 33.99M | 33.99M | 21.58M | 27.64M | 28.87M | 24.32M |
| Gross Profit | 10.78M | 10.78M | 9.48M | 8.38M | 9.49M | 9.09M |
| Selling, General & Admin | 10.01M | 10.01M | 10.00M | 11.46M | 7.99M | 7.46M |
| Operating Expenses | 10.01M | 10.01M | 11.20M | 11.46M | 7.99M | 7.46M |
| Operating Income | 772.00K | 772.00K | -1.72M | -3.08M | 1.50M | 1.63M |
| Interest Expense | -1.69M | -1.69M | -1.50M | -1.10M | -748.00K | -716.00K |
| Interest & Investment Income | 109.00K | 109.00K | 233.00K | 73.00K | 7.00K | 19.00K |
| Currency Exchange Gain (Loss) | 170.00K | 170.00K | -219.00K | -43.00K | -93.00K | -44.00K |
| Other Non Operating Income (Expenses) | 201.00K | 201.00K | 215.00K | 668.00K | 884.00K | 724.00K |
| EBT Excluding Unusual Items | -438.00K | -438.00K | -2.99M | -3.48M | 1.54M | 1.62M |
| Gain (Loss) on Sale of Assets | 5.00K | 5.00K | 50.00K | 5.05M | 2.00K | 305.00K |
| Asset Writedown | -223.00K | |||||
| Other Unusual Items | 123.00K | 10.00K | 109.00K | |||
| Pretax Income | -433.00K | -433.00K | -3.16M | 1.69M | 1.56M | 2.03M |
| Income Tax Expense | -310.00K | -53.00K | 529.00K | 230.00K | ||
| Earnings From Continuing Operations | -433.00K | -433.00K | -2.85M | 1.74M | 1.03M | 1.80M |
| Minority Interest in Earnings | 50.00K | -50.00K | ||||
| Net Income | -433.00K | -433.00K | -2.85M | 1.79M | 978.00K | 1.80M |
| Net Income to Common | -433.00K | -433.00K | -2.85M | 1.79M | 978.00K | 1.80M |
| Shares Outstanding (Basic) | 3.84M | 3.84M | 3.18M | 2.93M | 2.48M | 2.48M |
| Shares Outstanding (Diluted) | 3.84M | 3.84M | 3.18M | 2.93M | 2.48M | 2.48M |
| EPS (Basic) | -0.11 | -0.11 | -0.90 | 0.61 | 0.39 | 0.73 |
| EPS (Diluted) | -0.11 | -0.11 | -0.90 | 0.61 | 0.39 | 0.73 |
| Free Cash Flow | 6.15M | 6.15M | -13.51M | -1.90M | 93.00K | 5.63M |
| Free Cash Flow Per Share | 1.60 | 1.60 | -4.25 | -0.65 | 0.04 | 2.27 |
| Gross Margin | 24.08% | 24.08% | 30.52% | 23.27% | 24.73% | 27.21% |
| Operating Margin | 1.72% | 1.72% | -5.52% | -8.55% | 3.90% | 4.89% |
| Profit Margin | -0.97% | -0.97% | -9.19% | 4.97% | 2.55% | 5.39% |
| Free Cash Flow Margin | 13.74% | 13.74% | -43.48% | -5.27% | 0.24% | 16.85% |
| EBITDA | 1.19M | 1.19M | -1.32M | -2.17M | 2.29M | 2.46M |
| EBITDA Margin | 2.66% | 2.66% | -4.24% | -6.03% | 5.98% | 7.35% |
| D&A For EBITDA | 420.00K | 420.00K | 397.00K | 907.00K | 800.00K | 822.00K |
| EBIT | 772.00K | 772.00K | -1.72M | -3.08M | 1.50M | 1.63M |
| EBIT Margin | 1.72% | 1.72% | -5.52% | -8.55% | 3.90% | 4.89% |
| Effective Tax Rate | 33.98% | 11.32% | ||||
| Advertising Expenses | 19.00K | 19.00K | 25.00K | 15.00K | 26.00K | 24.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.89M | 1.89M | 3.26M | 7.07M | 1.00M | 1.53M |
| Short-Term Investments | 3.44M | 3.44M | 8.26M | 2.21M | 3.56M | 5.01M |
| Cash & Short-Term Investments | 5.33M | 5.33M | 11.52M | 9.28M | 4.56M | 6.54M |
| Accounts Receivable | 9.15M | 9.15M | 7.65M | 6.24M | 8.06M | 5.60M |
| Other Receivables | 133.00K | 133.00K | 732.00K | 166.00K | 12.00K | 108.00K |
| Receivables | 9.28M | 9.28M | 8.38M | 6.41M | 8.07M | 5.70M |
| Inventory | 42.40M | 42.40M | 45.10M | 36.69M | 31.44M | 32.87M |
| Total Current Assets | 57.01M | 57.01M | 65.00M | 52.38M | 44.07M | 45.12M |
| Property, Plant & Equipment | 2.72M | 2.72M | 2.37M | 3.41M | 8.71M | 9.49M |
| Long-Term Investments | 2.20M | 2.20M | 2.20M | 2.20M | ||
| Long-Term Deferred Tax Assets | 11.00K | 11.00K | 11.00K | 11.00K | 8.00K | 8.00K |
| Total Assets | 61.93M | 61.93M | 69.58M | 58.00M | 52.79M | 54.62M |
| Accounts Payable | 3.77M | 3.77M | 5.56M | 4.02M | 6.20M | 4.89M |
| Accrued Expenses | 2.42M | 2.42M | 1.66M | 812.00K | ||
| Short-Term Debt | 24.39M | 24.39M | 26.71M | 18.02M | 22.86M | 5.28M |
| Current Portion of Long-Term Debt | 428.00K | 1.09M | 1.75M | 2.13M | ||
| Current Portion of Leases | 3.44M | 3.44M | 4.58M | 3.48M | 3.48M | 1.95M |
| Current Income Taxes Payable | 313.00K | 1.01M | 522.00K | |||
| Current Unearned Revenue | 2.16M | 2.16M | 5.57M | 3.24M | 5.88M | 10.43M |
| Other Current Liabilities | 120.00K | 120.00K | 297.00K | 506.00K | 15.47M | |
| Total Current Liabilities | 36.30M | 36.30M | 44.80M | 31.48M | 41.19M | 40.67M |
| Long-Term Debt | 431.00K | 3.17M | 4.91M | |||
| Long-Term Leases | 2.98M | 2.98M | 4.69M | 4.26M | 2.11M | 3.67M |
| Total Liabilities | 39.28M | 39.28M | 49.49M | 36.17M | 46.47M | 49.26M |
| Common Stock | 8.00K | 6.00K | 6.00K | |||
| Additional Paid-In Capital | 22.81M | 22.81M | 20.14M | 18.95M | 5.44M | 5.44M |
| Retained Earnings | -263.00K | -263.00K | 170.00K | 3.02M | 1.24M | 257.00K |
| Comprehensive Income & Other | 97.00K | 97.00K | -234.00K | -150.00K | -419.00K | -345.00K |
| Total Common Equity | 22.64M | 22.64M | 20.08M | 21.83M | 6.26M | 5.36M |
| Minority Interest | 50.00K | |||||
| Shareholders' Equity | 22.66M | 22.66M | 20.09M | 21.83M | 6.31M | 5.36M |
| Total Liabilities & Equity | 61.93M | 61.93M | 69.58M | 58.00M | 52.79M | 54.62M |
| Total Debt | 30.81M | 30.81M | 36.41M | 27.28M | 33.38M | 17.94M |
| Net Cash (Debt) | -25.48M | -25.48M | -24.89M | -18.00M | -28.83M | -11.40M |
| Net Cash Per Share | -6.64 | -6.64 | -7.83 | -6.15 | -11.62 | -4.60 |
| Filing Date Shares Outstanding | 5.14M | 5.14M | 3.33M | 3.08M | 3.08M | 2.48M |
| Total Common Shares Outstanding | 5.13M | 5.13M | 3.33M | 3.08M | 2.48M | 2.48M |
| Working Capital | 20.71M | 20.71M | 20.20M | 20.90M | 2.89M | 4.45M |
| Book Value Per Share | 4.41 | 4.41 | 6.02 | 7.08 | 2.52 | 2.16 |
| Tangible Book Value | 22.64M | 22.64M | 20.08M | 21.83M | 6.26M | 5.36M |
| Tangible Book Value Per Share | 4.41 | 4.41 | 6.02 | 7.08 | 2.52 | 2.16 |
| Buildings | 8.09M | 8.21M | ||||
| Machinery | 4.66M | 4.66M | 4.31M | 4.48M | 4.97M | 4.89M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -433.00K | -433.00K | -2.85M | 1.79M | 978.00K | 1.80M |
| Depreciation & Amortization | 1.26M | 1.26M | 1.21M | 1.77M | 1.63M | 1.60M |
| Loss (Gain) From Sale of Assets | -5.00K | -5.00K | -50.00K | -5.05M | -2.00K | -305.00K |
| Loss (Gain) From Sale of Investments | -39.00K | -39.00K | 32.00K | 22.00K | ||
| Stock-Based Compensation | 1.20M | |||||
| Provision & Write-off of Bad Debts | 181.00K | 181.00K | 474.00K | 145.00K | 193.00K | -110.00K |
| Other Operating Activities | 2.16M | 2.16M | 786.00K | 1.19M | 579.00K | 1.74M |
| Change in Accounts Receivable | -802.00K | -802.00K | -1.27M | 1.76M | -2.64M | 710.00K |
| Change in Inventory | 3.60M | 3.60M | -9.33M | 3.63M | 940.00K | -2.76M |
| Change in Accounts Payable | -1.35M | -1.35M | 2.04M | -2.12M | 1.96M | -1.33M |
| Change in Income Taxes | -2.00K | -675.00K | -41.00K | 388.00K | ||
| Change in Other Net Operating Assets | 1.78M | 1.78M | -5.13M | -2.42M | -2.69M | 3.90M |
| Operating Cash Flow | 6.35M | 6.35M | -12.91M | 55.00K | 910.00K | 5.63M |
| Capital Expenditures | -202.00K | -202.00K | -598.00K | -1.96M | -817.00K | |
| Sale of Property, Plant & Equipment | 5.00K | 5.00K | 464.00K | 10.89M | 2.00K | 343.00K |
| Investment in Securities | -38.00K | -38.00K | 160.00K | -2.13M | -325.00K | |
| Investing Cash Flow | -235.00K | -235.00K | 26.00K | 6.81M | -1.14M | 343.00K |
| Short-Term Debt Issued | 30.14M | 30.14M | 39.44M | 9.88M | ||
| Long-Term Debt Issued | 1.83M | 1.83M | 5.72M | |||
| Total Debt Issued | 31.97M | 31.97M | 45.16M | 9.88M | ||
| Short-Term Debt Repaid | -34.63M | -34.63M | -31.78M | -7.37M | ||
| Long-Term Debt Repaid | -6.34M | -6.34M | -4.15M | -6.37M | -219.00K | -4.76M |
| Total Debt Repaid | -40.97M | -40.97M | -35.93M | -13.74M | -219.00K | -4.76M |
| Net Debt Issued (Repaid) | -9.00M | -9.00M | 9.22M | -3.86M | -219.00K | -4.76M |
| Issuance of Common Stock | 2.67M | 2.67M | 13.51M | |||
| Common Dividends Paid | -10.52M | -77.00K | ||||
| Other Financing Activities | -975.00K | -975.00K | ||||
| Financing Cash Flow | -7.31M | -7.31M | 9.22M | -875.00K | -296.00K | -4.76M |
| Foreign Exchange Rate Adjustments | -176.00K | -176.00K | -153.00K | 80.00K | -4.00K | -7.00K |
| Net Cash Flow | -1.37M | -1.37M | -3.81M | 6.07M | -530.00K | 1.21M |
| Free Cash Flow | 6.15M | 6.15M | -13.51M | -1.90M | 93.00K | 5.63M |
| Free Cash Flow Margin | 13.74% | 13.74% | -43.48% | -5.27% | 0.24% | 16.85% |
| Free Cash Flow Per Share | 1.60 | 1.60 | -4.25 | -0.65 | 0.04 | 2.27 |
| Levered Free Cash Flow | -2.32M | -2.32M | -6.39M | -10.58M | -17.88M | 16.83M |
| Unlevered Free Cash Flow | -1.27M | -1.27M | -5.45M | -9.89M | -17.41M | 17.28M |
| Cash Interest Paid | 1.95M | 1.95M | 803.00K | 1.05M | 748.00K | 717.00K |
| Cash Income Tax Paid | 675.00K | 40.00K | -158.00K | |||
| Change in Working Capital | 3.22M | 3.22M | -13.70M | 182.00K | -2.47M | 909.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.40M | 13.66M | 9.41M | 6.93M | ||
| Enterprise Value | 32.89M | 41.81M | 33.49M | 14.80M | ||
| Last Close Price | 1.44 | 2.66 | 2.84 | 2.25 | ||
| PE Ratio | 3.87 | |||||
| PS Ratio | 0.17 | 0.30 | 0.30 | 0.19 | ||
| PB Ratio | 0.33 | 0.60 | 0.47 | 0.32 | ||
| P/TBV Ratio | 0.33 | 0.60 | 0.47 | 0.32 | ||
| P/FCF Ratio | 1.21 | 2.22 | ||||
| P/OCF Ratio | 1.17 | 2.15 | 126.00 | |||
| EV/Sales Ratio | 0.74 | 0.93 | 1.08 | 0.41 | ||
| EV/EBITDA Ratio | 27.61 | 35.08 | ||||
| EV/EBIT Ratio | 42.62 | 54.16 | ||||
| EV/FCF Ratio | 5.35 | 6.80 | ||||
| Debt / Equity Ratio | 1.36 | 1.36 | 1.81 | 1.25 | 5.29 | 3.35 |
| Debt / EBITDA Ratio | 14.28 | 14.28 | 10.62 | 5.55 | ||
| Debt / FCF Ratio | 5.01 | 5.01 | 358.98 | 3.19 | ||
| Net Debt / Equity Ratio | 1.12 | 1.12 | 1.24 | 0.82 | 4.57 | 2.13 |
| Net Debt / EBITDA Ratio | 21.38 | 21.38 | -18.88 | -8.29 | 12.56 | 4.64 |
| Net Debt / FCF Ratio | 4.14 | 4.14 | -1.84 | -9.47 | 309.97 | 2.02 |
| Asset Turnover | 0.68 | 0.68 | 0.49 | 0.65 | 0.71 | 0.63 |
| Inventory Turnover | 0.78 | 0.78 | 0.53 | 0.81 | 0.90 | 0.77 |
| Quick Ratio | 0.40 | 0.40 | 0.44 | 0.50 | 0.31 | 0.30 |
| Current Ratio | 1.57 | 1.57 | 1.45 | 1.66 | 1.07 | 1.11 |
| Return on Equity (ROE) | -2.03% | -2.03% | -13.62% | 12.36% | 17.62% | 17.07% |
| Return on Assets (ROA) | 0.73% | 0.73% | -1.68% | -3.47% | 1.74% | 1.92% |
| Return on Invested Capital (ROIC) | 1.60% | 1.66% | -4.04% | -8.21% | 3.80% | 5.76% |
| Return on Capital Employed (ROCE) | 3.00% | 3.00% | -6.90% | -11.60% | 12.90% | 11.70% |
| Earnings Yield | -7.83% | -3.17% | -30.34% | 25.82% | ||
| FCF Yield | 82.83% | 45.01% | -143.62% | -27.42% | ||
| Payout Ratio | 588.26% | 7.87% | ||||
| Buyback Yield / Dilution | -20.84% | -20.84% | -8.46% | -18.08% |