# Solowin Holdings Class A Ordinary Share (AXG) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Capital Markets. Price $2.24, market value $433 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Solowin Holdings Class A Ordinary Share reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 15.4×**. Each dollar of revenue is priced at 15.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 16.8×**. The shares trade at 16.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -3.6%** (5-yr avg -4.9%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Net margin: -47.4%**. The company reported a net loss over the last twelve months.
- **Return on equity: -52.8%**. Return on equity is negative because earnings are negative.
- **Return on assets: -26.2%**. Each dollar of assets produces -26.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 895.0%** (3-yr 84.7%/yr). Revenue grew 895.0% over the last year.
- **EPS growth (1 yr): 79.2%**. Earnings per share rose 79.2%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Solowin Holdings Class A Ordinary Share does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -16.4%** (YTD -45.5%, 3-mo -34.7%). The shares are down 16.4% over twelve months including dividends.
- **From 52-week high: -52.8%** (2.3% above the low). Trading 53% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 27**. An RSI of 27 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): -0.10** (volatility 66%). Beta of -0.10 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AXG · Page: https://foliofundamentals.com/stocks/axg

Not investment advice.