Waton Financial Limited Ordinary Shares
WTF · Price history
Price at last available close
$2.06
−$0.53 (-20.46%) 1M
2026-10-28
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Company & revenue
About Waton Financial Limited Ordinary Shares
Primary reporting period: 2026-03-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Waton Financial Limited, established in 1989 and based in Kowloon City, Hong Kong, specializes in providing securities brokerage and financial technology services. The company offers clients access to trading on major stock exchanges, including the Hong Kong Stock Exchange (encompassing shares under the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs), the New York Stock Exchange, and the Nasdaq Stock Market. Through an electronic trading platform, it delivers securities brokerage, margin financing, and supplementary services to both corporate and individual investors, alongside bond distribution services.
How they make money
Waton Financial Limited operates as a holding company that provides securities brokerage and financial technology services through its Hong Kong-based subsidiaries. The company generates revenue primarily through commission-based brokerage services, software licensing fees for its financial technology platforms, and asset management services.
Products & services
Securities brokerage services, financial technology software licensing, and asset management services.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
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.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-03-31.
Opportunity Score is currently unavailable; Wall Street Score remains independently validated.
The unavailable Opportunity Score is a separate model output. It must not be substituted with zero or inferred from the company score.
Total debt increased 390.6% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
28
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
44
Weak
Financial Strength
18
Business Quality / Moat
100
Management
40
Growth Quality
27
Risk / Durability
20
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
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.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
- •Asset quality scores strongly
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for WTF
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.
- •What is driving WTF's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can WTF fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is WTF likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for WTF to reach sustainable profitability?
- •What future growth or profitability would be needed to justify WTF's current valuation?
Essential Investment Snapshot
Wall Street Score
28
Market Cap
$99.4M
P/E Ratio
-11.9
EPS
$-0.20
52-Week High
$6.33
52-Week Low
$2.05
Beta
1.23
Shares Outstanding
48.2M
Total Revenue
$6.5M
Total Debt
$2.6M
Dividend
No current dividend
Liquidation Value / Share
$0.45
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Extreme movement
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.
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.
Notices for WTF
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-14.7x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on WTF.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Visionary and experienced management team.
- +Digital transformation capabilities in securities brokerage.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Financial - Capital Markets industry.
- −Risks associated with being a British Virgin Islands holding company with operations conducted through Hong Kong subsidiaries.
- −Regulatory and licensing risks in the financial services industry.
- −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 breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
30
Oct 1, 2026
Change
-2.0
points
Current Score
28
Oct 26, 2026
Category Changes
WTF decreased 2 points because Revenue declined by 20.3 points, Buffett declined by 4 points.
Negative Contributors
- − Revenue declined by 20.3 points
- − Buffett declined by 4 points
Projected Score
Projected Score
25
Projected Change
-3.0 points
Preliminary comparable-period financial changes suggest decline of approximately 3.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$2.06
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
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 | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Revenue | $6.5M | $11.1M | $7.4M | $10.1M | ···· | ···· |
| Cost of Revenue | $504K | $8.6M | $4.4M | $3.3M | ···· | ···· |
| Gross Profit | $6.0M | $2.5M | $3.0M | $6.7M | ···· | ···· |
| Research & Development | $363K | $726K | $428K | $0.00 | ···· | ···· |
| SG&A Expenses | $10.4M | $12.7M | $12.1M | $3.1M | ···· | ···· |
| Operating Expenses | $15.0M | $16.1M | $13.7M | $3.8M | ···· | ···· |
| EBITDA | -$1.7M | -$13.5M | -$10.9M | $3.5M | ···· | ···· |
| Operating Income | -$9.0M | -$13.6M | -$10.7M | $2.9M | ···· | ···· |
| Interest Expense | $118K | $923K | $290K | $158K | ···· | ···· |
| Income Before Tax | -$9.5M | -$15.2M | -$11.8M | $2.9M | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $153K | $440K | ···· | ···· |
| Net Income | -$9.5M | -$15.2M | -$12.0M | $2.5M | ···· | ···· |
| Basic EPS | $-0.20 | $-0.31 | $-0.25 | $0.05 | ···· | ···· |
| Basic Shares | 48.24M | 48.22M | 47.90M | 47.58M | ···· | ···· |
| Diluted Shares | 48.24M | 48.22M | 47.90M | 47.58M | ···· | ···· |
Earnings Summary
Revenue
$614748
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.02
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+390.6%
Cash Change
+34.9%
Margin Change
+99.4 pp
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
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels, net income margin. Pressure indicators included EPS growth, debt 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 6.5%. EPS declined 38.4%. Cash increased 34.9%. Total debt increased 390.6%. Net income margin improved by 99.4 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.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
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.
Start 7-Day Free TrialHistorical Outperformance Record
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.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Financial - Capital MarketsRumor Mill · WTF
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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