WF Holding Limited (WFF) AI Stock Analysis
WFF AI stock analysis summary
AI ResearchWF Holding Limited (WFF) is a Malaysia-based manufacturer of fiberglass reinforced plastic products serving industrial sectors like chemical processing and water treatment. In FY2025, revenue grew 61.9% to $7.4M, but net income dropped to -$4.8M as operating margin sank to -20.5%. The stock has fallen 97.5% over the past year to a last close of $0.11.
- Market cap
- $4.5M
- Revenue (TTM)
- $6.9M
- P/E
- —
- 1Y return
- -97.5% S&P 500 16.8%
- Avg. target
- —
Bull case
- The company maintains a low debt-to-equity ratio of 0.04 and net cash of $770,287 as of September 30, 2026.
- Liquidity remains supported by a current ratio of 4.99 and cash and short-term investments of $1.1M.
- Revenue demonstrated top-line capacity by growing 61.9% in FY2025 to reach $7.4M.
Bear case
- Operating cash flow and free cash flow turned negative in FY2025 at -$2.4M and -$2.7M, respectively.
- The stock experienced a 1-year return of -97.5% and closed at $0.11 on October 16, 2026, just above its 52-week low of $0.10.
- Trailing twelve months operating margin fell to -37.9%, accompanied by an EPS of -$12.32.
What WF does
WF Holding Limited operates through its subsidiary, Win-Fung Fibreglass Sdn. Bhd, manufacturing and supplying fiberglass reinforced plastic products. Its operations span Malaysia, Singapore, Australia, China, and the South Asia region. The company produces filament wound and molded tanks, thermoplastic tanks, lining products, ducting and fitting products, and custom-made equipment. It also supplies air pollution control systems, including scrubbers, filters, adsorbers, and thermal oxidizers. In addition to equipment fabrication, the company delivers on-site consultation, installation, delivery, repair, and maintenance services to clients across the chemical processing, water and wastewater treatment, oil and gas, and power generation sectors.
Growth and profitability
Revenue grew at a 4-year CAGR of 6.3% from $5.8M in FY2021 to $7.4M in FY2025. Annual revenue experienced volatility, declining 14.3% in FY2022 to $5.0M, rising 15.4% in FY2023 to $5.7M, and dropping 20.3% in FY2024 to $4.6M before jumping 61.9% in FY2025. Gross margin was 31.9% in FY2025, down from 40.4% in FY2024. Profitability shifted into negative territory in FY2025, with an operating margin of -20.5% and net income of -$4.8M, compared to net income of $111,603 in FY2024. For the trailing twelve months ended September 30, 2026, revenue stood at $6.9M, with quarterly revenue growth falling 13.1% year-over-year and an operating margin of -37.9%.
Balance sheet and cash flow
As of September 30, 2026, the company held cash and short-term investments of $1.1M against total debt of $281,862, resulting in net cash of $770,287. Total assets stood at $11.5M and shareholders' equity was $6.7M, reflecting a debt-to-equity ratio of 0.04 and a current ratio of 4.99. In FY2025, operating cash flow was -$2.4M and free cash flow was -$2.7M, while capital expenditures totaled $281,745.
Valuation and performance
WFF has a market cap of $4.5M and an enterprise value of $16.8M. The stock trades at an EV-to-EBITDA multiple of 79.0x, substantially above the 13.9x median of its US-listed Industrials peers. Its price-to-sales multiple is 0.6x compared to the peer median of 1.5x, while its price-to-book ratio is 3.9x and EV-to-revenue is 2.3x. Over the past year, WFF recorded a return of -97.5%, trailing the S&P 500 (SPY) return of 16.8%. The stock last closed at $0.11 on October 16, 2026, trading 95.0% below its 200-day moving average and near its 52-week low of $0.10.
What analysts expect
There are no analyst rating counts, price targets, earnings estimates, or upcoming earnings dates reported for WFF. The company completed its initial public offering in 2025 and employs 142 people. Institutional ownership is 0.0%, while insiders hold 5.5% of the shares. Short interest represents 0.2% of the float, and the stock closed at $0.11 on October 16, 2026, down from a 52-week high of $50.60.
Key risks and what to watch
- Net income dropped sharply to -$4.8M in FY2025 with a negative net margin of -64.4%.
- Quarterly revenue growth fell 13.1% year-over-year for the period ending September 30, 2026.
- The company's EV-to-EBITDA multiple of 79.0x sits well above the US-listed Industrials peer median of 13.9x.
- WFF has seen its share price fall 95.0% below its 200-day average.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this WFF AI stock analysis
This page is an AI-written research summary of WF Holding Limited (WFF). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: WFF income statement, WFF balance sheet, WFF key metrics, WFF chart. See the WFF stock overview for the latest quote and news.
WFF AI stock analysis FAQ
What does WF Holding Limited do?
WF Holding Limited manufactures and supplies fiberglass reinforced plastic products, including tanks, ducting, lining, and air pollution control equipment, across Malaysia and surrounding international markets.
What is WFF's current cash and debt position?
As of September 30, 2026, WFF held $1.1M in cash and short-term investments alongside total debt of $281,862, resulting in net cash of $770,287.
How did WFF perform financially in FY2025?
In FY2025, revenue grew 61.9% to $7.4M, but the company posted an operating margin of -20.5% and a net loss of -$4.8M.
Does WF Holding Limited pay a dividend?
There is no dividend information available for WFF, and the stock does not currently report a dividend yield.
How has WFF stock performed compared to the S&P 500?
Over the past year, WFF delivered a return of -97.5%, compared to a 16.8% return for the S&P 500 (SPY).