Top Wealth Group Holding Limited Ordinary Shares

TWG

Food Distribution · Consumer Defensive

Price

$0.60

-0.20 (-25.00%)

Market Cap

$439,844

Exchange

NASDAQ Global Market

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Mixed

Cash Flow

Weak

Stability

Exceptional

Valuation

Good

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Share count rising — dilution

+174.6% over 4y

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

Diluted shares outstanding: 300K (2021) → 824K (2025)

Winston Score History

The full picture

Top Wealth Group Holding Limited is a food distribution company based in Hong Kong. It sources and distributes food products — primarily premium and specialty food items — to restaurants, hotels, and other food service businesses across Hong Kong and parts of mainland China. The company operates in the consumer staples space, connecting food suppliers with commercial buyers who need reliable sourcing.

The company makes money by buying food products from suppliers and selling them to business customers at a markup, keeping a portion of each sale as profit. Its unusually high gross margin of around 75% suggests it focuses on higher-value or specialty products rather than bulk commodity foods, which can provide some pricing power. Top Wealth Group is a small company with a market cap near zero, meaning it carries significant risks around liquidity, limited public information, and vulnerability to disruptions in food supply chains or shifts in Hong Kong's restaurant and hospitality sector, which remains its primary growth engine.

Growth Profile

For growth stock investors

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

Revenue Growth

+47.4% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

-96.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Insider Activity

41.7%ownership

Insiders own a meaningful stake in the company

Cash Runway

~0 months

$37,650 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Strong grower

Top Wealth Group Holding Limited Ordinary Shares is growing revenue at 47% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

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

74.5%

Premium pricing power — 74.5% gross margin

Profit after running costs

Operating Margin

45.7%

Excellent — 45.7% operating margin

Return on the money invested

ROCE

3.9%

Weak — 3.9% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

+61.4%

Fast-growing sales (+61.4% YoY)

Profit growth

EPS YoY

-13.4%

Earnings shrinking (-13.4% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

-240%

Weak — only -240% of profit becomes cash

Spare cash per sale

FCF Margin

-77.7%

Burning cash (-77.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.00

Conservative — low debt load (0.00)

Covers its interest

Interest Cover

100.00x

—

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

3.9x

Attractive valuation — P/E 3.9

P/E under 10. The price tag is small relative to last year's profit.

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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