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CL Workshop Group Limited

NWGL
17
Paper, Lumber & Forest Products · Basic Materials
Price
$0.58
-0.01 (-2.03%)
Market Cap
$9.6M
Exchange
NASDAQ Capital Market
Winston Score
17
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Share count rising — dilution

+25.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 13.2M (2021) → 16.6M (2025)

Winston Score History

The full picture

CL Workshop Group Limited is a small company operating in the paper, lumber, and forest products industry. It is involved in the processing and distribution of wood-based materials, serving customers such as construction firms, furniture manufacturers, and other industrial buyers. The company operates within the basic materials sector, which supplies raw and processed materials to downstream industries.

The company earns revenue primarily through product sales of wood or paper-related goods. Given its very small market capitalization, it likely operates in a limited geographic region, possibly in Asia. Its financials show significant strain — a gross margin of under 10% and a deeply negative operating margin suggest high costs relative to revenue, and a negative return on invested capital points to ongoing profitability challenges. The main risk facing the business is its ability to control costs and reach sustainable profitability, as thin margins in commodity-driven industries leave little room for error when raw material prices rise or demand weakens.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+33.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-38.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

85.3%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$966,807 cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

CL Workshop Group Limited grew revenue 34% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
-14.3%
Thin — -14.3% gross margin
Profit after running costs
Operating Margin
-42.0%
Losing money on operations — -42.0%
Return on the money invested
ROCE
-28.9%
Weak — -28.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-12.4%
Shrinking sales (-12.4% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
0.0%
Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
1.67
Elevated debt (1.67)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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