Lianhe Sowell International Group Ltd is a US-listed company in the application software industry. Its financial year ends in March.
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Third-party market data · may be delayed
~$21
Revenue-to-maturity cash-flow model
Base case. Range ~$15–$28 across our lower- and higher-growth cases (13.399999999999999%–23.4% a year).
No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.
Lianhe Sowell International Group Ltd valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $43m. Free-cash-flow margin held at -20.9%. The diluted share count is up 4.8% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 3 financial-health checks. Our revenue-to-maturity cash-flow model value is $21.01 a share, against a share price of $4.33.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Lianhe Sowell International Group Ltd's trailing-twelve-month revenue grew 18.4% year on year, with a free-cash-flow margin of -20.9%. Where it stands out: change in growth rate of +18.6pp ranks 18 of 184 application software companies we cover. Where it lags: gross margin of 21.4% ranks 150 of 160 application software companies we cover.
Current signal Revenue growth accelerating: TTM revenue growth rose to 18.4% (+18.6pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for LHSW from the sources we follow. See filings →
We value Lianhe Sowell International Group Ltd as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.1 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | ~$21 ~$15–$28 | Primary model, counts double |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no positive earnings in the latest twelve months |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$27 ~$19–$39 | Left out: out of range vs price (6.20x) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$15 ~$13–$17 | Included |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | ~$0.7 ~$20–$80 | Left out: out of range vs price (0.16x) |
| Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$19 ~$15–$21 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Lianhe Sowell International Group Ltd with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2026 |
|---|---|
| Share price | $19.46 |
| Market value | $64m |
| + Net debt (− = net cash) | $4m |
| Enterprise value | $68m |
| Multiples | |
| Price / sales | 1.5x |
| Price / earnings | — |
| Price / free cash flow | — |
| EV / EBITDA | — |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
No analyst estimates are published for Lianhe Sowell International Group Ltd: too few analysts cover it.
| Calendar year | 2026 to date |
|---|---|
| Return | |
| LHSW | −93% |
| Industry peers (median) | −14% |
| S&P 500 | +11% |
| Months that ended higher | |
| LHSW | 55% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| LHSW | −97% |
| S&P 500 | −9% |
Worst fall since April 3, 2025: 99% from April 3, 2025 to October 14, 2026. Getting back needed a 16642% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q4 | $13.1M |
| FY24 Q4 | $36.6M |
| FY25 Q4 | $36.5M |
| FY26 Q4 | $43.3M |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q4 | 14.0% |
| FY24 Q4 | 8.2% |
| FY25 Q4 | 8.4% |
| FY26 Q4 | -15.8% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q4 | -11.3% |
| FY24 Q4 | -5.9% |
| FY25 Q4 | -4.0% |
| FY26 Q4 | -20.9% |
| Fiscal year | 2023 Mar 2023 | 2024 Mar 2024 | 2025 Mar 2025 | 2026 Mar 2026 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 13 | 37 | 37 | 43 |
| Gross profit | 3 | 8 | 10 | 9 |
| EBITDA | 2 | 3 | 3 | −7 |
| Operating income | 2 | 3 | 3 | −7 |
| Net income | 2 | 3 | 3 | −6 |
| Diluted EPS | $0.48 | $0.90 | $1.00 | −$1.74 |
| Growth (year on year) | ||||
| Revenue | — | +180.0% | −0.2% | +18.4% |
| EBITDA | — | +62.7% | +3.5% | −319.1% |
| Operating income | — | +62.8% | +3.2% | −321.6% |
| Net income | — | +75.0% | +10.9% | −282.3% |
| Diluted EPS | — | +87.5% | +11.1% | −274.0% |
| Margins | ||||
| Gross margin | 25.7% | 21.8% | 26.2% | 21.4% |
| EBITDA margin | 14.1% | 8.2% | 8.5% | −15.7% |
| Operating margin | 14.0% | 8.2% | 8.4% | −15.8% |
| Net margin | 12.3% | 7.7% | 8.6% | −13.2% |
| Free-cash-flow margin | −11.3% | −5.9% | −4.0% | −20.9% |
| Cash flow | ||||
| Cash from operations | −1 | −2 | −1 | −9 |
| Capital spending | 0 | 0 | 0 | 0 |
| Free cash flow | −1 | −2 | −1 | −9 |
| Stock-based pay | — | — | — | 1 |
| Free cash flow after stock pay | — | — | — | −10 |
| Balance sheet | ||||
| Cash | 1 | 0 | 0 | 2 |
| Total debt | 0 | 2 | 2 | 6 |
| Net debt (negative = net cash) | −1 | 1 | 2 | 4 |
| Diluted shares | 3m | 3m | 3m | 3m |
| Last 12 months unless stated | LHSW | AEYE | DTSS | RZLV | YXT | GMM | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $43m | $43m | $41m | $47m | $47m | $56m | $482m |
| Revenue growth, last 12 months | 18.4% | 8.1% | −43.2% | >999% | 2.8% | 35.3% | 12.0% |
| Gross margin | 21.4% | 79.8% | 10.2% | — | 68.3% | 40.2% | 69.2% |
| Operating margin | −15.8% | −4.8% | −5.7% | −185.6% | −41.5% | 5.4% | 1.1% |
| Net margin | −13.2% | −7.1% | −5.4% | −216.7% | −46.7% | −34.5% | 2.1% |
| Cash from operations / revenue | −20.7% | 15.4% | 4.9% | −134.9% | −42.9% | 39.5% | 18.2% |
| Free-cash-flow margin | −20.9% | 15.2% | 4.9% | −135.1% | −43.3% | 39.5% | 15.0% |
| Stock pay / revenue | 3.0% | 11.7% | 4.5% | 13.7% | 3.6% | 15.2% | 9.3% |
| Change in share count | 4.8% | 18.7% | 45.9% | 63.7% | 8.1% | 6.7% | 2.2% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 18.4% | 12.0% | 63 of 184 |
| Change in growth rate Growth | +18.6pp | +0.2pp | 18 of 184 |
| Gross margin Profitability | 21.4% | 69.8% | 150 of 160 |
| Operating margin Profitability | -15.8% | 1.1% | 129 of 181 |
| Net margin Profitability | -13.2% | 2.1% | 126 of 185 |
| Free-cash-flow margin Cash generation | -20.9% | 15.2% | 143 of 180 |
| Stock pay as % of revenue Cash generation | 3.0% | 9.3% | 24 of 177 |
| Change in share count Balance sheet | 4.8% | 1.7% | 104 of 163 |
| Days sales outstanding Balance sheet | 126 days | 57 days | 147 of 162 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| UBS Group AG | $18,814 | 10K | 97.2% | — |
| Tower Research Capital LLC (TRC) | $545 | 0K | 2.8% | — |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Lianhe Sowell International Group Ltd's complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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