Company Analysis

Multi Ways Holdings Limited (MWG)

NYSE: MWG · Miscellaneous Manufacturing Industries · Singapore, SG · filing with the SEC since 2022
Grade4.1
◀ Past 3.7● Present 3.9▶ Future 4.7
2 est.

The grade of Multi Ways Holdings Limited

Nine metrics read from its own filings, by tense
Headline grade
4.1/10
◀ Past3.730% of the headline
● Present3.940% of the headline
▶ Future4.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.7/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.5/10

Has it survived what it has been through?

4 warning events since 2022; the latest 2026-04-30.

weight 33% of this tense · 35th percentile among 10 sector filers · read for itself

From the record

Multi Ways Holdings Limited's filings since 2022 show 4 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 4 times, the latest 2026-04-30) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.3/10

What has it actually done, year after year?

+8.4% a year over 6 filed years; profitable in 4 of 6.

weight 45% of this tense · 43rd percentile among 10 sector filers · read for its customers

From the record

Multi Ways Holdings Limited's 6 filed years say what it did: revenue went from $30 million in fiscal 2020 to $45 million in fiscal 2025, up 8.4% a year; it rose in 3 of 5 years; the deepest fall was 19% from fiscal 2022 to fiscal 2024; net income was positive in 4 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span8.4%top 25% of its family
  • the share of years revenue rosebottom 15% of its family
  • the share of filed years with a profitbottom 15% of its family
  • the deepest fall from a revenue peak19.0%top 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
2.8/10

How has it treated the people who own it?

SI estimate 2.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 28th percentile among 10 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 28% of 10 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 10 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Multi Ways Holdings Limited's shareholder treatment is put at 2.8 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 28% of 10 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.1/10

Is it financially healthy right now?

ROE -2%: lost 2¢ per shareholder dollar. Leverage 63%: owes 63¢ per asset dollar.

weight 45% of this tense · 31st percentile among 10 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Multi Ways Holdings Limited lost about 2 cents for every dollar of shareholders' money, and gross profitability: its products earned about 18 cents per dollar of everything the company owns. Leverage: it owed about 63 cents per dollar of assets, and net share issuance: its share count grew 20.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 15% of its family
  • return on equitybottom 35% of its family
  • gross profit against assetsbottom 45% of its family
  • the share count against the year beforebottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.7/10

How strong is its position in its industry?

bottom 47% of 10 in its family; net margin -1%.

weight 33% of this tense · 47th percentile among 10 sector filers · read for its customers

From the record

Multi Ways Holdings Limited's standing among 10 graded names in its industry family: revenue of $45 million in fiscal 2025 ranks in the top 50% by size; a net margin of -1% ranks in the bottom 35%; revenue growth of 5.3% a year over the last 3 filed years ranks in the top 45% (its annual reports).

What it rests on

  • revenue against the family$44.8Mtop 50% of its family
  • net margin-1.0%bottom 35% of its family
  • three-year revenue growth5.3%top 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.3/10

What are the people in charge doing?

SI estimate 4.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 5 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 5 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 5 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Multi Ways Holdings Limited's leadership is put at 4.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 5 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.2/10

How much room does it have to grow?

top 48% of 10 in its family for room to expand.

weight 45% of this tense · 52nd percentile among 10 sector filers · read for itself

From the record

Multi Ways Holdings Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $2 million against no long-term debt tagged leaves 3.1% of its assets as net cash, bottom 25% of its family; cash from operations less capital spending is 13.7% of revenue (top 5%); a gross margin of 24.8% (bottom 35%) (its annual report).

What it rests on

  • cash less debt against assets3.1%bottom 25% of its family
  • cash from operations less capital spending against revenue13.7%top 5% of its family
  • gross margin24.8%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.5/10

What could actually drive growth from here?

bottom 35% of 10 in its family for growth drivers.

weight 33% of this tense · 35th percentile among 10 sector filers · read for its customers

From the record

Multi Ways Holdings Limited's growth drivers, from the filed years to fiscal 2025: revenue grew 5.3% a year over the last three filed years against 8.4% over all 6, slowing (bottom 15% of its family); the newest year grew 44.1% (top 25%); capital spending grew -37.2% a year (bottom 15%) (its annual reports). Multi Ways Holdings Limited reported 3 product lines in fiscal 2025: Equipment Sales at $33 million (74%), Rental at $7 million (16%), Services at $4 million (10%); 3 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-3.1 points a yearbottom 15% of its family
  • the newest year's revenue growth44.1%top 25% of its family
  • three-year growth of capital spending-37.2%bottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.5/10

Did its newest year beat what its own record pointed to?

top 45% of 10 in its family for expectations against reality.

weight 22% of this tense · 55th percentile among 10 sector filers · read for its shareholders

From the record

Multi Ways Holdings Limited's newest year against its own record: revenue of $45 million in fiscal 2025 came in 60.1% above the $28 million its prior three years' pace pointed to (top 15% of its family); net income of $433 thousand against a prior three-year average of $29 thousand (bottom 15%); a net margin of -1% against -0.6% before (top 35%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace60.1%top 15% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 15% of its family
  • net margin against its prior average-0.4 pointstop 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MWG · research, not advice