Multi Ways Holdings Limited (MWG) AI Stock Analysis

• Market Cap: $17.94M
• Dividend Yield: N/A
• Average Volume (3M): 214.82K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.75
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 89
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 0.02
• Shares Outstanding: 51,330,000
• 10 Day Avg. Volume: 159,408
• 30 Day Avg. Volume: 214,822
• PEG Ratio: 0.02
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.29
• P/FCF Ratio: -0.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $0.00 ▼(-100.00% Downside)

The overall stock score is primarily influenced by financial challenges, including declining revenues and profitability, high leverage, and liquidity pressures. Technical analysis indicates bearish momentum, and valuation metrics are unattractive due to a negative P/E ratio and lack of dividend yield.

Positive Factors

Strategic Equipment Acquisition

The acquisition of new cranes enhances MWG's fleet, allowing it to meet growing demand in the heavy construction sector, strengthening its market position.

Strategic Financial Moves

Raising $1.485 million through a direct offering provides MWG with additional working capital, supporting operational capabilities and market expansion.

Technological Development

Investing in technology development allows MWG to create proprietary solutions, enhancing its competitive edge and potential for revenue growth.

Negative Factors

Declining Revenue

Declining revenues indicate potential challenges in market demand or competitive positioning, impacting long-term growth prospects.

High Leverage

High leverage can limit financial flexibility and increase risk, potentially affecting MWG's ability to invest in growth opportunities.

Cash Flow Challenges

Negative cash flow highlights liquidity issues, which could constrain MWG's operations and ability to fund future initiatives.

Multi Ways Holdings Limited Business Overview & Revenue Model

Company Description

Multi 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.

How the Company Makes Money

MWG generates revenue through multiple streams, primarily from its logistics and supply chain management services, which provide essential support to businesses in transporting goods efficiently. Additionally, the company earns income from its e-commerce platforms by charging transaction fees, subscription fees, and advertising revenues. Strategic partnerships with key players in the technology sector enhance its service offerings and expand its customer base, further contributing to its earnings. MWG also invests in technology development, creating proprietary solutions that can be monetized through licensing agreements or direct sales.

Multi Ways Holdings Limited Financial Statement Overview

Summary

The company faces financial challenges with declining revenues and profitability, high leverage, and liquidity pressures. Improvement in operational efficiency and financial management is crucial for future stability and growth.

Income Statement

The income statement reveals challenges in maintaining profitability. Gross profit margin showed some resilience, but the company faced a net loss in the latest period with a negative net profit margin. Revenue has declined compared to previous years, indicating a potential issue with growth. The EBIT and EBITDA margins have also been negative, pointing to operational inefficiencies.

Balance Sheet

The balance sheet presents a mixed picture. The debt-to-equity ratio is relatively high, suggesting potential leverage concerns. However, the equity ratio has improved due to a higher stockholders' equity base. While return on equity has been negative recently, past returns were more favorable, indicating potential for future recovery.

Cash Flow

Cash flow analysis indicates significant challenges, with negative free cash flow and operating cash flow in recent periods. The operating cash flow to net income ratio has been unfavorable, reflecting cash generation issues. The company may face liquidity challenges if these trends continue.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	31.07M	36.02M	38.36M	33.41M	29.89M
Gross Profit	9.71M	8.38M	9.74M	9.36M	6.84M
EBITDA	-450.00K	3.40M	2.68M	3.94M	3.39M
Net Income	-2.85M	1.79M	978.00K	1.80M	1.32M
Balance Sheet
Total Assets	69.58M	58.00M	52.79M	54.62M	52.03M
Cash, Cash Equivalents and Short-Term Investments	3.31M	9.28M	1.33M	1.53M	325.00K
Total Debt	21.91M	12.77M	17.64M	17.94M	21.27M
Total Liabilities	49.49M	36.17M	46.47M	49.26M	36.29M
Stockholders Equity	20.09M	21.83M	6.26M	5.36M	15.74M
Cash Flow
Free Cash Flow	-13.51M	-1.90M	16.00K	5.63M	1.02M
Operating Cash Flow	-12.91M	55.00K	833.00K	5.63M	1.66M
Investing Cash Flow	26.00K	6.81M	-1.14M	343.00K	-565.00K
Financing Cash Flow	9.22M	-875.00K	-219.00K	-4.76M	-899.00K

Multi Ways Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MWG, the sentiment is Positive. The current price of 0.25 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.27, and below the 200-day MA of 0.28, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 77.93 is Negative, neither overbought nor oversold. The STOCH value of 4.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MWG.

Multi Ways Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HRI	67 Neutral	$5.20B	-62.13	-4.05%	1.79%	19.40%	-120.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MGRC	58 Neutral	$2.65B	18.22	12.70%	1.79%	4.77%	-35.44%
TLIH	51 Neutral	$11.91M	4.12	―	―	―	―
CTOS	50 Neutral	$1.36B	-54.11	-3.00%	―	7.39%	34.57%
ALTG	49 Neutral	$151.51M	-1.87	-160.65%	4.88%	-3.95%	-47.70%
MWG	43 Neutral	$17.94M	-7.09	8.20%	―	―	―

Multi Ways Holdings Limited Corporate Events

Multi Ways Holdings Limited Approves Key Resolutions in Annual Meeting

Multi Ways Holdings Limited held its annual general meeting on November 26, 2025, where key resolutions were approved by shareholders. The meeting saw a quorum with 66.65% of shares represented, and significant decisions included the creation of a staggered board, the re-appointment of five directors, and the approval of a multi-class share structure. These changes are poised to impact the company’s governance and shareholder dynamics, potentially influencing its market strategy and stakeholder relations.

Multi Ways Holdings Limited’s Annual General Meeting and Key Proposals

Multi Ways Holdings Limited, a company based in Singapore, held an annual general meeting on November 26, 2025, to discuss several key proposals. These included the adoption of a staggered board, reappointment of directors, approval of an independent accounting firm, amendment of the 2024 Equity Incentive Plan, and a redesignation and reclassification of share capital. The meeting also covered a share consolidation and the sale of equity interest in Blissful Link Investments Limited. The board recommended shareholders vote in favor of all proposals, which could significantly impact the company’s governance and capital structure.

Multi Ways Holdings Limited Announces COO Resignation

Multi Ways Holdings Limited, a company based in Singapore, announced that effective September 30, 2025, Mr. Lu Chong Tan resigned from his position as Chief Operating Officer. His resignation was not due to any disagreements with the company. The company has started searching for a new COO, and in the interim, Mr. James Lim Eng Hock, the Executive Director, Chairman, and CEO, will assume the responsibilities of the COO until a suitable candidate is appointed.

Multi Ways Holdings Completes Second Tranche of $1.485 Million Offering

On September 26, 2025, Multi Ways Holdings Limited announced the completion of the second tranche of its registered direct offering, involving 9,000,000 ordinary shares and warrants to purchase up to 9,000,000 ordinary shares. This offering, priced at $0.165 per share and warrant, generated gross proceeds of $1,485,000, which the company plans to use for working capital and general corporate purposes. This financial move is part of the company’s strategy to strengthen its operational capabilities and market positioning in the heavy construction equipment industry.

Multi Ways Holdings Completes $1.485 Million Offering to Strengthen Market Position

On September 15, 2025, Multi Ways Holdings Limited completed the initial closing of a registered direct offering, raising $1.485 million through the sale of 9,000,000 ordinary shares and accompanying warrants. The proceeds are intended for working capital and general corporate purposes. The offering, priced at $0.165 per share, was facilitated by Spartan Capital Securities, LLC, as the exclusive placement agent. This strategic financial move is expected to bolster the company’s operational capabilities and strengthen its market position in the heavy construction equipment industry.