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New Century Logistics (bvi) Ltd (NCEW) stock

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NASDAQ: NCEW Nasdaq Air Freight & Logistics

E Fundamentals grade

New Century Logistics (bvi) Ltd is a US-listed company in the air freight & logistics industry. Its financial year ends in September.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: every model's value for New Century Logistics (bvi) Ltd is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: cash-flow, stock-pay or share-count figures missing or out of date. We'll show the comparison once resolved.

New Century Logistics (bvi) Ltd valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds0 adding, 1 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter New Century Logistics (bvi) files

Where New Century Logistics (bvi) stands after its latest Filing

Revenue for the twelve months was $44m. That puts it 20 of 21 for growth among the air freight & logistics companies we cover. The diluted share count is up 15.2% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 2 of our 3 financial-health checks.

Our model value for New Century Logistics (bvi) is under review, so past values are not shown until it is resolved.

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.

The Fundamentalytics view

New Century Logistics (bvi) Ltd's trailing-twelve-month revenue fell 15.5% year on year, with a free-cash-flow margin of -7.9%. Where it lags: change in growth rate of -60.1pp ranks 21 of 21 air freight & logistics companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -15.5% (-60.1pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in New Century Logistics (bvi) Ltd's latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 15.5% over the last 12 months.
  • Growth slowing. The growth rate is 60.1 points lower than a quarter earlier.
  • Loss-making. Operating margin is -24.6%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 25.5 points on a year ago.
  • Burning cash. Free cash flow was -7.9% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 15.2% in a year.

Price chart

  • 1 day-3.8%
  • 1 week-3.8%
  • 1 month-2.4%
  • This year+181.8%
  • 1 year+291.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$44.1M
Operating margin
-24.6%
Net margin
-24.2%
EPS (TTM, diluted)
$-3.71

Growth

Revenue growth
−15.5%
Change in growth rate
−60.1 pts
Share count change
+15.2%

Cash

Free cash flow (TTM)
-$3.5M
FCF margin
-7.9%
Stock pay % of revenue
14.4%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for NCEW from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

New Century Logistics (bvi) Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: cash-flow, stock-pay or share-count figures missing or out of date.

Valuation multiples over time Market data may be delayed

At fiscal year end 2025
Share price$4.92
Market value$14m
+ Net debt (− = net cash)$1m
Enterprise value$15m
Multiples
Price / sales 0.3x
Price / earnings —
Price / free cash flow —
EV / EBITDA —

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for New Century Logistics (bvi) Ltd: too few analysts cover it.

Positioning

Short interest
1.2%
of tradable shares
Days to cover
40.89
at average volume
Short interest, 1 month
−0%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
87.7%
of shares
Employees
39
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 20252026 to date
Return
NCEW−71%+182%
Industry peers (median)−11%−23%
S&P 500+18%+11%
Months that ended higher
NCEW33%55%
S&P 50075%46%
Largest fall from a high during the year
NCEW−85%−25%
S&P 500−19%−9%

Worst fall since December 18, 2024: 86% from December 19, 2024 to November 14, 2025. Getting back needed a 591% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$3.01 – $20.70
From 52-week high
−20.2%
vs 50-day average
−4.2%
vs 200-day average
+12.1%
Volatility (1 year)
83%
Beta vs S&P 500
-0.41

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

New Century Logistics (bvi) Ltd in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) New Century Logistics (bvi) Ltd
$30M $40M $50M $60M $70M $80M FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY22 Q4: $75.2M Revenue (TTM), FY23 Q4: $36.1M Revenue (TTM), FY24 Q4: $52.2M Revenue (TTM), FY25 Q4: $44.1M $44.1M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY22 Q4 $75.2M
FY23 Q4 $36.1M
FY24 Q4 $52.2M
FY25 Q4 $44.1M
Operating margin (TTM) New Century Logistics (bvi) Ltd
-30% -20% -10% 0% 10% 20% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY22 Q4: 11.0% Operating margin (TTM), FY23 Q4: 1.4% Operating margin (TTM), FY24 Q4: 0.9% Operating margin (TTM), FY25 Q4: -24.6% -24.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY22 Q4 11.0%
FY23 Q4 1.4%
FY24 Q4 0.9%
FY25 Q4 -24.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025
Income
Revenue 75 36 52 44
Gross profit 12 3 4 0
EBITDA 8 1 1 −11
Operating income 8 1 0 −11
Net income 7 0 0 −11
Diluted EPS $2.80 $0.18 $0.09 −$3.71
Growth (year on year)
Revenue — −52.0% +44.6% −15.5%
EBITDA — −91.6% — —
Operating income — −93.7% — —
Net income — −93.5% — —
Diluted EPS — −93.6% — —
Margins
Gross margin 15.4% 9.7% 8.1% 0.4%
EBITDA margin 11.2% 2.0% 1.2% −24.5%
Operating margin 11.0% 1.4% 0.9% −24.6%
Net margin 9.3% 1.3% 0.4% −24.2%
Free-cash-flow margin 8.4% — — −7.9%
Cash flow
Cash from operations 7 −2 1 −3
Capital spending 0 — — 0
Free cash flow 6 — — −3
Stock-based pay — — — 6
Free cash flow after stock pay — — — −10
Balance sheet
Cash — 0 1 1
Total debt — 0 1 2
Net debt (negative = net cash) — −0 0 1
Diluted shares 3m 3m 3m 3m
Returned to shareholders
Dividends 1 1 — —
Total returned 1 1 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · September 30, 2025
What it owns · $15m
Short-term assets $13mLonger-term assets $1m
What it owes, and who funded it · $15m
Short-term liabilities $9mLonger-term liabilities $0mShareholders' equity $5m
  • Short-term assets cover short-term liabilities $13m of assets due within a year against $9m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $13m short-term assets against $316,246 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$11m against $20,460 of interest.

From New Century Logistics (bvi) Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+15.2%
year over year
Days sales outstanding
97 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in air freight & logistics
Last 12 months unless stated NCEW ELOG PSIG GVH JYD SLGB Median
Revenue, last 12 months $44m $46m $53m $24m $84m $87m $555m
Revenue growth, last 12 months −15.5% 14.0% −39.0% 42.5% 6.4% −7.2% 6.4%
Gross margin 0.4% 9.3% 1.9% 10.1% 3.4% 4.7% 10.9%
Operating margin −24.6% −2.3% −2.9% 4.1% −6.3% −2.3% −0.8%
Net margin −24.2% −2.5% −28.6% 2.9% −5.9% −2.9% 1.0%
Cash from operations / revenue −7.7% −5.6% −2.5% 1.0% −6.0% −6.5% 1.0%
Free-cash-flow margin −7.9% −7.6% −10.4% 1.0% −6.8% −6.5% 1.0%
Stock pay / revenue 14.4% 1.8% 1.5% 0.2% 2.3% 4.3% 0.5%
Change in share count 15.2% −0.2% 42.8% 481.2% 293.1% 0.9% 0.8%

Median of all 21 companies we cover in air freight & logistics. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

21 air freight & logistics companies
Measure Company Peer median Rank
Revenue growth Growth -15.5% 6.4% 20 of 21
Change in growth rate Growth -60.1pp +2.4pp 21 of 21
Gross margin Profitability 0.4% 4.7% 10 of 11
Operating margin Profitability -24.6% -0.8% 19 of 21
Net margin Profitability -24.2% 1.0% 18 of 21
Free-cash-flow margin Cash generation -7.9% 1.0% 17 of 21
Stock pay as % of revenue Cash generation 14.4% 0.5% 18 of 18
Change in share count Balance sheet 15.2% 0.9% 15 of 20
Days sales outstanding Balance sheet 97 days 55 days 15 of 16

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$5,010
Institutions reporting
1
Shares held vs prior quarter
▼ 2.6%
Positions opened / closed
0 / 0

Top buyers and sellers, Q2 2026: 0 institutions bought and 1 sold and the biggest seller UBS Group AG (−8). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
UBS Group AG $5,010 0K 100.0% ▼ 2.6%

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 New Century Logistics (bvi) Ltd's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

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.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on New Century Logistics (bvi) Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

New Century Logistics (bvi) Ltd in brief

What does New Century Logistics (bvi) Ltd do?
New Century Logistics (bvi) Ltd is a US-listed company in the air freight & logistics industry. Its financial year ends in September.
What is New Century Logistics (bvi) Ltd's stock ticker?
New Century Logistics (bvi) Ltd trades under the ticker NCEW on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is New Century Logistics (bvi) Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, New Century Logistics (bvi) Ltd reported revenue of $44.1M, 15.5% lower than a year earlier, according to its SEC filings.
What is New Century Logistics (bvi) Ltd's free cash flow?
New Century Logistics (bvi) Ltd's free-cash-flow margin is -7.9% of revenue over the trailing twelve months, ranking 17 of the 21 air freight & logistics companies we cover.
What is New Century Logistics (bvi) Ltd's market cap?
On September 30, 2025, New Century Logistics (bvi) Ltd's market capitalisation was about $14.2M and net debt of $1.3M. Market figures come from third-party market data and may be delayed.
Who are New Century Logistics (bvi) Ltd's competitors?
In our Air Freight & Logistics peer group, the companies closest to New Century Logistics (bvi) Ltd are Eastern International Ltd., PS International Group Ltd., Globavend Holdings Ltd, Jayud Global Logistics Ltd and Smart Logistics Global Ltd. The side-by-side comparison below sets their revenue, margins and growth against New Century Logistics (bvi) Ltd's.