Equity Research Analysis: Solowin Holdings, Ltd. (AXG)
|Blank Capital Research Unit|Spot: $3.82
Price$3.82
Composite Score38.1/100
RatingAVOID (1★)
Rank#3771 OF 7,333
Market Cap$0
ROE
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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#3771
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Trading
$0
Shing Tak Tam
Solowin is an exempted limited liability company incorporated under the laws of the Cayman Islands on July 23, 2021. As a holding company with no material operations of its own, Solowin conducts its operations primarily through its wholly owned subsidiary, Solomon JFZ, a limited liability corporation incorporated in Hong Kong. Our principal executive offices are located at Room 1910-1912A, Tower 3, China Hong Kong City, 33 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong. Solowin’s registered office is currently located at the office of Conyers Trust Company (Cayman) Limited at Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman KY1-1111, Cayman Islands. Solowin’s agent for service of process in the United States is Cogency Global Inc. located at 122 East 42nd Street, 18th Floor, New York, NY.
Headcount
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$AXG Solowin Holdings, Ltd. | 38 | 20 | 15 | 60 | - | - | -721.9% | -277.5% | 108.3% | -310.2% | -308.8% | - | - | 115.0x | $0 | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
Solowin Holdings, Ltd. (AXG) receives a "Avoid" rating with a composite score of 38.1/100. It ranks #3771 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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HQ Base
Pending Verification
Outperforming peers — winners tend to keep winning over 3-12 months
Expensive relative to fundamentals — limited margin of safety
Weak fundamentals — higher risk of value trap
High volatility — wider range of outcomes increases timing risk
Moderate investment profile
Below-average composite — caution warranted
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for AXG.
View All RatingsROIC -422.4% vs WACC 9.7% (spread -432.1%)
GM 108% vs sector 78%, OM -310% vs sector 18%
Capital turnover 1.72x
Rev growth N/A, 2yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Solowin Holdings, Ltd. (AXG) as Avoid with a composite score of 38.1/100 at a current price of $3.82. The stock falls in the bottom quintile, and the multi-factor weakness suggests a high probability of continued underperformance.
Solowin Holdings, Ltd. holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 38.1/100 places it at rank #3771 in our full universe.
No Moat
Very High
Poor
Fair Value
Gross margins of 108% signal strong pricing power.
Stable competitive position in a defensive sector.
Leverage of 115% D/E amplifies downside risk.
Below-average quality raises earnings sustainability concerns.
Vulnerability to macroeconomic shocks and interest rate volatility.
Solowin Holdings, Ltd. represents a avoid based on multi-factor quantitative performance.
Our quantitative model flags Solowin Holdings, Ltd. with an Avoid rating, assigning a composite score of 38.1/100 and 1 out of 5 stars. Ranked #3771 of 7,333 stocks, AXG falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
Solowin Holdings, Ltd. registers a weak quality score of just 20/100, indicating significant profitability challenges. The company reports a return on equity of -721.9% (sector avg: 9.0%), gross margins of 108.3% (sector avg: 77.7%), net margins of -308.8% (sector avg: 21.9%). Low quality scores are often associated with businesses in turnaround mode, early-stage growth, or structurally challenged industries.
AXG registers a value score of just 15/100, suggesting the stock trades at a significant premium to its fundamental metrics. Key valuation metrics include a P/B ratio of 144.18x. High-premium valuations like this require strong future execution to avoid multiple compression, and downside risk is elevated if growth disappoints.
With an investment score of 59/100, AXG exhibits moderate growth-oriented spending. Key growth metrics include a return on assets of -277.5% (sector: 1.3%). The company appears to be balancing growth investments with capital returns, though the pace of investment may not be enough to accelerate top-line growth meaningfully.
AXG demonstrates moderate momentum with a score of 60/100, suggesting a neutral price trend without strong directional conviction. Revenue growth data is not currently available, while a beta of 0.45 reflects its sensitivity to broader market moves. Moderate momentum may indicate the stock is consolidating or transitioning between trends, warranting close monitoring of upcoming catalysts.
AXG's stability score of 26/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 0.45 and a debt-to-equity ratio of 115.00x (sector avg: 0.5x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
AXG's short interest factor score of 80/100 indicates very low short selling activity relative to peers — a positive signal suggesting institutional investors see limited near-term downside. Specific risk factors include elevated leverage (D/E: 115.00x), micro-cap liquidity risk. As a micro-cap company with a market capitalization of $0, Solowin Holdings, Ltd. benefits from the generally lower volatility and deeper liquidity associated with its size class.
Solowin Holdings, Ltd. is a micro-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #3771 of 7,333 overall (49th percentile). Key comparisons include ROE of -721.9% trailing the 9.0% sector median and operating margins of -310.2% below the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While AXG currently exhibits a AVOID profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
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Improvement in Value (15) would have the largest impact on the composite score.
ROE 8121% BELOW SECTOR MEDIAN
Gross Margin 39% ABOVE SECTOR MEDIAN (FAVORABLE)
Op. Margin 1810% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
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