undamentalytics Newsletter
Sign in

WF Holding Ltd (WFF) stock

Add to watchlist

Add holding +

NASDAQ: WFF Nasdaq Electronic Equipment & Instruments

C+ Fundamentals grade

WF Holding Ltd is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Model estimate per share

~$2.9

Revenue-to-maturity cash-flow model

Base case. Range ~$2.2–$3.8 across our lower- and higher-growth cases (25%–35% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

WF Holding 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.

  • Funds1 adding, 0 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 WF Holding files

Where WF stands after its latest Filing

Revenue for the twelve months was $7m. That growth ranks 11 of 53 among the electronic equipment & instruments companies we cover. Free-cash-flow margin held at -36.7%. The diluted share count is up 7.3% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 6 financial-health checks. Our revenue-to-maturity cash-flow model value is $2.88 a share, against a share price of $1.35.

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

WF Holding Ltd's trailing-twelve-month revenue grew 61.9% year on year, with a free-cash-flow margin of -36.7%. Where it stands out: change in growth rate of +82.2pp ranks 3 of 53 electronic equipment & instruments companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 61.9% (+82.2pp 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

  • Fast growth. Revenue grew 61.9% over the last 12 months, against a median of 9.8% for electronic equipment & instruments companies we cover.
  • Growth speeding up. The growth rate is 82.2 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Loss-making. Operating margin is -20.5%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 23.0 points on a year ago.
  • Burning cash. Free cash flow was -36.7% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 7.3% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 539% and a beta of 3.8 against the S&P 500.
  • Gross margin slipping. Gross margin is down 8.5 points on a year ago.

Price chart

  • 1 day-17.8%
  • 1 week-50.7%
  • 1 month-98.2%
  • This year-98.1%
  • 1 year-98.8%
  • 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)
$7.4M
Operating margin
-20.5%
Net margin
-64.4%
EPS (TTM, diluted)
$-0.97

Growth

Revenue growth
+61.9%
Change in growth rate
+82.2 pts
Share count change
+7.3%

Cash

Free cash flow (TTM)
-$2.7M
FCF margin
-36.7%

News & updates

Updated October 31, 2026

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

No recent updates are available for WFF 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

WF Holding Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value WF Holding Ltd as an operating company, with every model that fits that kind of business. Cost of equity 10.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.29 times a 4.5% equity risk premium.

Value per share by model
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. ~$2.9 ~$2.2–$3.8 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. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.6 ~$1.6–$7.8 Included, half weight
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. ~$2.4 ~$0.6–$2.9 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare WF Holding Ltd with Electronic Equipment & Instruments 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.

Valuation multiples over time Market data may be delayed

At fiscal year end 2025
Share price$57.50
Market value$283m
+ Net debt (− = net cash)−$2m
Enterprise value$281m
Multiples
Price / sales 38.3x
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 WF Holding Ltd: too few analysts cover it.

Positioning

Short interest
2.0%
of tradable shares
Days to cover
0.05
at average volume
Short interest, 1 month
+245%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
6.8%
of shares
Employees
142
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

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 2026 to date
Return
WFF−98%
Industry peers (median)−15%
S&P 500+11%
Months that ended higher
WFF36%
S&P 50046%
Largest fall from a high during the year
WFF−100%
S&P 500−9%

Worst fall since March 27, 2025: 100% from June 20, 2025 to November 2, 2026. Getting back needed a 79179% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.11 – $432.00
From 52-week high
−99.7%
vs 50-day average
−97.8%
vs 200-day average
−97.8%
Volatility (1 year)
539%
Beta vs S&P 500
3.75

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.

WF Holding Ltd in five measures

Fundamentals grade C+
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) WF Holding Ltd
$4M $5M $6M $7M $8M FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY22 Q4: $5M Revenue (TTM), FY23 Q4: $5.7M Revenue (TTM), FY24 Q4: $4.6M Revenue (TTM), FY25 Q4: $7.4M $7.4M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY22 Q4 $5M
FY23 Q4 $5.7M
FY24 Q4 $4.6M
FY25 Q4 $7.4M
Operating margin (TTM) WF Holding Ltd
-40% -20% 0% 20% 40% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY22 Q4: 25.2% Operating margin (TTM), FY23 Q4: 11.4% Operating margin (TTM), FY24 Q4: 2.5% Operating margin (TTM), FY25 Q4: -20.5% -20.5%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY22 Q4 25.2%
FY23 Q4 11.4%
FY24 Q4 2.5%
FY25 Q4 -20.5%
FCF margin (TTM) WF Holding Ltd
-40% -20% 0% 20% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY22 Q4: -5.9% FCF margin (TTM), FY23 Q4: 10.2% FCF margin (TTM), FY24 Q4: 15.4% FCF margin (TTM), FY25 Q4: -36.7% -36.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY22 Q4 -5.9%
FY23 Q4 10.2%
FY24 Q4 15.4%
FY25 Q4 -36.7%

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

Financial statements

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

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 4,968 5,734 4,572 7,404
Gross profit 2,141 1,980 1,845 2,362
EBITDA 1,351 774 262 −1,358
Operating income 1,253 655 116 −1,518
Net income 979 491 112 −4,770
Diluted EPS $0.20 $0.11 $0.02 −$0.97
Growth (year on year)
Revenue — +15.4% −20.3% +61.9%
EBITDA — −42.7% −66.1% −618.1%
Operating income — −47.7% −82.3% <−999%
Net income — −49.8% −77.3% <−999%
Diluted EPS — −46.5% −77.6% <−999%
Margins
Gross margin 43.1% 34.5% 40.4% 31.9%
EBITDA margin 27.2% 13.5% 5.7% −18.3%
Operating margin 25.2% 11.4% 2.5% −20.5%
Net margin 19.7% 8.6% 2.4% −64.4%
Free-cash-flow margin −5.9% 10.2% 15.4% −36.7%
Cash flow
Cash from operations −167 656 753 −2,437
Capital spending 126 73 52 282
Free cash flow −292 583 702 −2,719
Balance sheet
Cash 690 777 1,057 2,301
Total debt 0 342 232 189
Net debt (negative = net cash) −690 −435 −825 −2,112
Diluted shares 5m 5m 5m 5m

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

4 of 6 checks passed · December 31, 2025
What it owns · $11m
Short-term assets $5mLonger-term assets $6m
What it owes, and who funded it · $11m
Short-term liabilities $2mLonger-term liabilities $5mShareholders' equity $5m
  • Short-term assets cover short-term liabilities $5m of assets due within a year against $2m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $5m short-term assets against $5m of longer-dated liabilities.
  • More cash than debt $2m of cash against $188,689 of debt.
  • Debt below 40% of shareholders' equity Debt is 4% of equity.
  • 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 −$2m of operating cash flow against $188,689 of debt.
  • Operating profit covers interest at least five times over Operating income of −$2m against $16,725 of interest.

From WF Holding 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
+7.3%
year over year
Days sales outstanding
77 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic equipment & instruments
Last 12 months unless stated WFF SERV MSAI VUZI WATT MVIS Median
Revenue, last 12 months $7m $8m $6m $6m $10m $5m $104m
Revenue growth, last 12 months 61.9% 426.4% 12.2% 6.8% 430.5% 90.9% 9.8%
Revenue growth, 3-year average — 249.4% — −27.0% 157.2% 32.6% 7.2%
Revenue growth, latest quarter — 404.4% 19.5% −14.1% 216.8% 895.9% 16.5%
Gross margin 31.9% −370.1% — −17.9% 26.6% −276.2% 38.5%
Operating margin −20.5% <−999% −147.8% −521.9% −82.6% <−999% −7.3%
Operating margin, 3-year average — <−999% −265.1% −847.9% <−999% <−999% −5.1%
Net margin −64.4% <−999% −141.7% −519.0% −76.4% <−999% −5.3%
Cash from operations / revenue −32.9% <−999% −129.5% −384.2% −150.0% <−999% −1.6%
Free-cash-flow margin −36.7% <−999% −146.6% −416.1% −153.1% <−999% −2.5%
Free-cash-flow margin, 3-year average — <−999% −206.7% −423.7% <−999% <−999% 3.7%
Stock pay / revenue — 449.4% 11.2% 49.0% 1.8% 37.8% 3.0%
Change in share count 7.3% 43.9% — 10.2% 63.2% 24.3% 1.9%

Median of all 53 companies we cover in electronic equipment & instruments. 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

53 electronic equipment & instruments companies
Measure Company Peer median Rank
Revenue growth Growth 61.9% 9.8% 11 of 53
Change in growth rate Growth +82.2pp +2.3pp 3 of 53
Gross margin Profitability 31.9% 39.7% 32 of 48
Operating margin Profitability -20.5% -7.3% 34 of 53
Net margin Profitability -64.4% -5.3% 42 of 53
Free-cash-flow margin Cash generation -36.7% -2.1% 37 of 52
Long-term debt as % of assets Balance sheet 1.4% 15.2% 4 of 31
Change in share count Balance sheet 7.3% 1.9% 27 of 46
Days sales outstanding Balance sheet 77 days 68 days 33 of 52

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

Who owns it

Funds buying and selling
Reported value
$11
Institutions reporting
1
Positions opened / closed
1 / 0

Top buyers and sellers, Q2 2026: 1 institutions bought and 0 sold ; the biggest buyer was Caitong International Asset Management Co., Ltd (+4 shares) . See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Caitong International Asset Management Co., Ltd $11 0K 100.0% —

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 WF Holding 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

Data status

When each part of this page on WF Holding 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.

WF Holding Ltd in brief

What does WF Holding Ltd do?
WF Holding Ltd is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in December.
What is WF Holding Ltd's stock ticker?
WF Holding Ltd trades under the ticker WFF on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is WF Holding Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, WF Holding Ltd reported revenue of $7.4M, 61.9% higher than a year earlier, according to its SEC filings.
What is WF Holding Ltd's free cash flow?
WF Holding Ltd's free-cash-flow margin is -36.7% of revenue over the trailing twelve months, ranking 37 of the 52 electronic equipment & instruments companies we cover.
What is WF Holding Ltd's market cap?
On December 31, 2025, WF Holding Ltd's market capitalisation was about $283M and net debt of -$2.1M. Market figures come from third-party market data and may be delayed.
How much debt does WF Holding Ltd have?
WF Holding Ltd's debt-to-equity ratio is 4.0%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are WF Holding Ltd's competitors?
In our Electronic Equipment & Instruments peer group, the companies closest to WF Holding Ltd are Serve Robotics Inc., Multisensor AI Holdings, Inc., Vuzix Corp, Energous Corp and Microvision, Inc. The side-by-side comparison below sets their revenue, margins and growth against WF Holding Ltd's.