Delisting riskPopularity #5,379
MWG · AMEX · Rental & Leasing Services

Multi Ways (MWG)

Sells, rents and services refurbished heavy construction equipment in Singapore and overseas.

$1.29
vs last close+0.06 (+4.88%)
Loading prices…

Multi Ways Holdings LimitedMWG
Industrials

Supplies mostly used heavy construction equipment through sales, rentals and related services, with refurbishment, transport and crane support around the fleet. Sales drive most revenue, while Singapore supplies nearly all rental activity within a Cayman holding-company structure.

Buys, refurbishes, sells and rents mostly used heavy construction equipment for contractors in Singapore and overseas markets. The fleet spans earth-moving, material-handling, road-building and power equipment, with transport, crane erection and qualified-operator, maintenance, repair and cleaning services around the equipment.

Operates a Singapore showroom, workshop and storage footprint, testing, repairing and refurbishing machines before sale or deployment. A broad in-stock fleet, shipment coordination and after-sales support form its one-stop-shop proposition. Sales provide most revenue, while rental and service work concentrate in Singapore and overseas business is largely equipment sales.

Uses a Cayman Islands holding-company structure above the Singapore operating business. Demand depends on construction project flow, trained operators and crane permits, supplier and customer relationships, and inventory that remains relevant as specifications change.

Company facts

CEOJames Lim Eng Hock
ListedApr 3, 2023
ExchangeAMEX
HeadquartersSingapore, Singapore
CountrySingapore
Employees92
CIK0001941500
ISINKYG6362F1164

Market cap$5.1M
EPS (ttm)$0.1753
P/E (ttm)7.19
ROE-1.6%
P/B0.2249
P/S0.1490
Dividend yieldDiv yield
Beta0.80vs XLI 0.44

No analyst consensus on record.

EPSReportedEstimate

May '26
Reported−$0.03
Estimate
Surprise

RevenueReportedEstimate

May '26
Reported$14.2M
Estimate$14.2M
Surprise0.0%
Estimate
Reported−$0.03
Estimate$14.2M
Reported$14.2M0.0%
View details

Debt to equity66.20%
Current ratio157.10%

ProfitabilityRevenueNet incomeNet margin

Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25
Revenue$20.1M$18.3M$14.4M$21.6M$14.1M$17.0M$20.0M$14.2M
Net income$1.4M−$384.0K−$4.7M$6.5M$77.0K−$2.9M$682.1K−$1.0M
Net margin6.8%0.0%0.0%30.2%0.5%0.0%3.4%0.0%

GrowthOperating income

Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25
Operating income$1.6M−$75.0K−$4.6M$1.6M$540.0K−$2.5M$1.3M−$721.0K
YoY growth+63.7%Turned lossTurned lossTurned profitTurned profitTurned loss+138.1%Loss narrowed

Balance sheet, Dec 31, 2025Cash & short-term investments $2.0M · Total debt $15.0M · Total assets $61.9M · Shareholders' equity $22.7M

Revenue
$14.2M
Operating income
−$721.0K
Net income
−$1.0M
View details

No dividends on record.

Institutions32,796.45%1.36B shares
2,848 holders · as of Jun 30, 2026
Adds to32,796.45%

4.14M company shares as of Sep 12, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Oct 2018 quarterly report; nothing newer is on file here.

These groups come from separate filings that can overlap, so they add to 32,796.45%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Mitsubishi UFJ Financial Group IncInstitution
9,103.89%377.09Mas of Jun 30, 2026
State Street CorpInstitution
2,403.68%99.56Mas of Jun 30, 2026
BlackRock, Inc.Institution
2,291.14%94.90Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
1,875.91%77.70Mas of Jun 30, 2026
JPMorgan Chase & CoInstitution
1,071.06%44.36Mas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Not reported.