Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
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Primary reporting period: 2025-07-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
CTW Cayman Class A Ordinary Shares (CTW) manages an online gaming platform, primarily serving users in Japan and Singapore. Its flagship offering, G123. jp, is an HTML5-powered portal that delivers free-to-play games.
How they make money
CTW Cayman operates a web-based gaming platform, G123, which provides free-to-play games accessible via web browsers. The company generates revenue primarily through in-game purchases made by players and by providing game distribution and related services to other game developers.
Products & services
The company provides the G123 HTML5 gaming platform, which hosts games based on popular Japanese anime and manga intellectual properties, and offers game distribution services.
Brands & revenue mix
G123
Flagship HTML5 web-based gaming platform.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2025-07-31.
Quarterly revenue fell 97.6% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
44
Weak
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
53
Fair
Financial Strength
61
Business Quality / Moat
0
Management
80
Growth Quality
93
Risk / Durability
48
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
32
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
40/100
Building Historical Record
Model Score 40/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Balance-sheet / debt profile scores strongly
What to watch
•Valuation is a weaker part of the current profile
Company-specific research
Questions worth answering for CTW
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can CTW maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•How long can CTW fund negative free cash flow using its current cash position before it may need more debt or new shares?
•How is CTW likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What future growth or profitability would be needed to justify CTW's current valuation?
•What does the current fundamental change risk warning mean for the reliability or interpretation of CTW's score?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on CTW.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Proprietary AI-based customer support.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Electronic Gaming & Multimedia industry.
−Dependence on third-party intellectual property holders.
−Risks associated with operating in the PRC and Japan.
−Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Weak44/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Strong
79
Debt Cost—
Debt Reduction YoY4.1%
Debt / Equity0.25x
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Revenue
Fair
60
Revenue YoY75.7%
Revenue CAGR19.8%
Net Margin6.2%
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Asset
Fair
55
Asset Growth YoY15.7%
Liquidation/Share$0.62
Net Assets/MCap0.46x
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Capital
Poor
33
Earnings Yield8.3%
Buyback Yield0.0%
Debt Cost—
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Management
Strong
80
ROIC-3.6%
ROE26.2%
ROA15.7%
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Moat
Poor
0
EPS Growth-87.2%
FCF/Share Growth—
Rev/Share Growth-73.6%
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Valuation
Poor
26
Intrinsic Value$1.35
Value Reference$0.81
MOS-28.7%
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Buffett
Fair
55
Revenue60
Moat0
Valuation26
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MOS
Poor
0
MOS %-28.7%
Value Reference$0.81
Deep Discount Reference$0.54
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Financial
Fair
58
Interest Coverage—
ROIC-3.6%
FCF Yield-0.4%
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Master
Fair
64
Financial58
Valuation26
Debt79
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Resilience
Fair
60
Survival Years26.1 yrs
Current Ratio1.98x
FCF Margin-0.5%
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Score Changes
7 historical score records available
Previous Score
43
Sep 30, 2026
Change
+0.6
points
Current Score
44
Oct 1, 2026
Category Changes
Revenue+2.5
Debt0
Assets+1.7
Capital+2.0
Management0
Moat0
Valuation0
Buffett+0.7
CTW increased 0.6 points because Revenue improved by 2.5 points, Capital improved by 2 points.
Positive Contributors
+ Revenue improved by 2.5 points
+ Capital improved by 2 points
Projected Score
Projected Score
54
Projected Change
+9.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 9.8 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2019
2018
2017
2016
2015
2014
Revenue
$158.8M
$90.4M
$68.4M
$62.9M
····
····
····
····
····
····
Cost of Revenue
$38.7M
$22.0M
$16.2M
$17.0M
····
····
····
····
····
····
Gross Profit
$120.1M
$68.3M
$52.2M
$45.9M
····
····
····
····
····
····
Research & Development
$3.3M
$5.5M
$952K
$2.9M
····
····
····
····
····
····
SG&A Expenses
$107.5M
$63.9M
$44.6M
$37.4M
····
····
····
····
····
····
Operating Expenses
$110.8M
$69.4M
$45.6M
$40.3M
····
····
····
····
····
····
EBITDA
$19.3M
$9.5M
$11.9M
$7.4M
····
····
····
····
····
····
Operating Income
$9.3M
-$1.1M
$6.7M
$5.6M
····
····
····
····
····
····
Interest Expense
$0.00
$0.00
$0.00
$0.00
····
····
····
····
····
····
Income Before Tax
$12.6M
$4.4M
$8.2M
$5.2M
····
····
····
····
····
····
Income Tax Expense
$2.8M
$577K
$2.2M
$1.8M
····
····
····
····
····
····
Net Income
$9.8M
$3.8M
$6.0M
$3.4M
····
····
····
····
····
····
Basic EPS
$0.16
$0.06
$0.50
$0.28
····
····
····
····
····
····
Basic Shares
60.00M
60.00M
12.00M
12.00M
····
····
····
····
····
····
Diluted Shares
60.00M
60.00M
12.00M
12.00M
····
····
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Debt reduced
What Weakened
Cash position declined
Potential Score Impact
Positive indicators included revenue growth, EPS growth, debt levels, net income margin. Pressure indicators included cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 40.5%. EPS increased 65.7%. Cash declined 15.6%. Total debt declined 5.0%. Net income margin improved by 0.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.