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CTW Cayman Class A Ordinary Shares (CTW)

NASDAQ / Communication Services / Electronic Gaming & Multimedia

Share price

1.83 USD Market dataClose of Oct 15, 2026

Market capitalisation

114.2M USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Nov 17, 2025
Ratios computed
Oct 15, 2026
Filed years
3, FY2023 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

13.8% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

29.83x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

-0.4% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, by fiscal year

FY2014 Revenue: 8.84B USDFY2014 Net income: 970.0M USDFY2015 Revenue: 8.96B USDFY2015 Net income: 1.07B USDFY2016 Revenue: 8.91B USDFY2016 Net income: 1.08B USDFY2017 Revenue: 8.55B USDFY2017 Net income: 1.66B USDFY2018 Revenue: 8.49B USDFY2018 Net income: 1.67B USDFY2023 Revenue: 62.9M USDFY2023 Net income: 3.4M USDFY2024 Revenue: 68.4M USDFY2024 Net income: 6.0M USDFY2025 Revenue: 90.4M USDFY2025 Net income: 3.8M USD
Revenue Net income8 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
1 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 29.83x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 25.00x and 40.00x.

Today, against the Communication Services sector (108 companies), 29.83x sits at the 66th percentile; the middle half of that group runs from 7.82x to 41.28x.

Is it good

Return on equity was 13.8% in FY2025, in the band labelled "Ordinary" (8.0% to 15.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Communication Services sector (189 companies), 13.8% sits at the 80th percentile; the middle half of that group runs from -20.2% to 10.7%.

Is it safe

Current ratio was 2.15 in FY2025, in the band labelled "At or above Graham's requirement" (2.00 and above), on lines anchored on Graham's defensive-investor criteria, suggesting short-term assets well above short-term obligations.

Today, against the Communication Services sector (212 companies), 2.15 sits at the 74th percentile; the middle half of that group runs from 0.81 to 2.19.

Year by year against peers
Whether CTW Cayman Class A Ordinary Shares's gross margin stayed above the median of the Communication Services sector, year by year. (FY2023 to FY2025, 3 fiscal years of CTW Cayman Class A Ordinary Shares with a comparable figure)
The direction
Which way CTW Cayman Class A Ordinary Shares's gross margin has moved, and how steadily. (FY2014 to FY2025, 8 filed years of CTW Cayman Class A Ordinary Shares)
What could explain it
What in CTW Cayman Class A Ordinary Shares's filed statements could explain the movements. (6 readings drawn from the statement lines CTW Cayman Class A Ordinary Shares filed)
What to check next
What to check next on CTW Cayman Class A Ordinary Shares, and where in its filings. (6 questions for CTW Cayman Class A Ordinary Shares)
In one paragraph
One paragraph on CTW Cayman Class A Ordinary Shares's returns, cash, balance sheet and price. (8 of sixteen figures read for CTW Cayman Class A Ordinary Shares)

These are CTW’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research CTWPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 20-F, filed Nov 17, 2025, accession 0001213900-25-111604.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

CTW Cayman Class A Ordinary Shares: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.

n/a ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Return on equity13.8% ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Return on capital employed, pre-tax-2.8% ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Return on assets8.2% ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Gross margin75.6% ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Operating margin-1.2% ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Net margin4.2% ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
CTW 4.2%
GCL -10.5%GDEV 17.1%NCTY -379.0%
-379.0%17.1%
Net margin: CTW against the 3 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

CTW Cayman Class A Ordinary Shares: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity
Why n/a

The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.

n/a ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Current ratio2.15 ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Quick ratio2.15 ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Interest coverage
Why n/a

No interest expense is filed for this year, so coverage is not computed.

n/a ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Altman Z-score6.71 ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Net debt
Why n/a

The FY2025 balance sheet carries no net debt we could read.

n/a ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Total assets 46.5MTotal liabilities 18.9MShareholders' equity 27.6MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What CTW Cayman Class A Ordinary Shares owned and owed at the end of fiscal 2025, from the balance sheet it filed (20-F, filed Nov 17, 2025, 0001213900-25-111604).

CTW Cayman Class A Ordinary Shares: balance sheet position
Total assets46.5M FiledFY2025 20-F, filed Nov 17, 2025
Total liabilities18.9M FiledFY2025 20-F, filed Nov 17, 2025
Shareholders' equity27.6M FiledFY2025 20-F, filed Nov 17, 2025
Cash12.2M FiledFY2025 20-F, filed Nov 17, 2025
Total debtn/a FiledFY2025 20-F, filed Nov 17, 2025
Net debtn/a
Current ratio2.15
Debt to equityn/a
  • Debt to equity: FY2025: The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
  • Interest cover: FY2025: No interest expense is filed for this year, so coverage is not computed.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

CTW Cayman Class A Ordinary Shares: what the market charges, each with its source
FigureValue, source and document
Price to earnings29.83x ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
P/E on trailing twelve months
Why n/a

A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book4.13x ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Price to sales1.26x ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Diluted earnings per share
Why n/a

The FY2025 filing carries no diluted earnings per share we could read.

n/a FiledFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Graham number
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604

We publish no fair value or price target of our own. Value CTW on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for CTW Cayman Class A Ordinary Shares today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

CTW Cayman Class A Ordinary Shares: valuation
Share price1.83 USD
Market capitalisation114.2M USD
Enterprise value to EBITDAn/a
Graham numbern/a
Diluted earnings per sharen/a

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like CTW Cayman Class A Ordinary Shares

  1. GCL Global Holdings Ltd Ordinary Shares (GCL)Market cap 106.6M USD
  2. GDEV Inc. (GDEV)Market cap 189.6M USD
  3. The9 Limited (NCTY)Market cap 51.6M USD

Same industry (Electronic Gaming & Multimedia) and size band (Micro, 50M to 300M), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

CTW Cayman Class A Ordinary Shares: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield-0.4% ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Free cash flow-473.3K USD ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Free cash flow margin-0.5% ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
FY2014 Free cash flow: 1.64B USDFY2014 Net income: 970.0M USDFY2015 Free cash flow: 1.34B USDFY2015 Net income: 1.07B USDFY2016 Free cash flow: 1.39B USDFY2016 Net income: 1.08B USDFY2017 Free cash flow: 1.11B USDFY2017 Net income: 1.66B USDFY2018 Free cash flow: 2.75B USDFY2018 Net income: 1.67B USDFY2023 Free cash flow: 2.4M USDFY2023 Net income: 3.4M USDFY2024 Free cash flow: 877.2K USDFY2024 Net income: 6.0M USDFY2025 Free cash flow: -473.3K USDFY2025 Net income: 3.8M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

CTW Cayman Class A Ordinary Shares: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
29.83xFY2025Oct 15, 2026
4.13xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a Operating profit is zero or negative, so there is no profit for a buyer's price to be a multiple of.
-0.4%FY2025Oct 15, 2026
n/aFY2025Nov 17, 2025
n/a The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
n/aFY2025Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
n/aFY2025Nov 17, 2025
n/a The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
2.15FY2025Nov 17, 2025
1.26xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a The filed income statement reports no earnings per share.
6.71FY2025Oct 15, 2026
-2.00FY2025Nov 17, 2025
4/9FY2025Nov 17, 2025

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 3 filed fiscal years on record, FY2023 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

8 fiscal years, FY2014 to FY2025. 3 read from the annual reports CTW Cayman Class A Ordinary Shares filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

CTW Cayman Class A Ordinary Shares: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202590.4M-1.1M3.8Mn/a-473.3K-1.2%13.8%20-F, Nov 17, 20250001213900-25-111604
FY202468.4M6.7M6.0Mn/a877.2K9.7%25.1%20-F, Nov 17, 20250001213900-25-111604
FY202362.9M5.6M3.4Mn/a2.4M8.9%n/a20-F, Nov 17, 20250001213900-25-111604
FY20188.49B2.66B1.67Bn/a2.75B31.3%16.9%Market data, supplied Oct 15, 2026accession n/a
FY20178.55B2.31B1.66Bn/a1.11B27.1%17.8%Market data, supplied Oct 15, 2026accession n/a
FY20168.91B2.32B1.08Bn/a1.39B26.1%12.5%Market data, supplied Oct 15, 2026accession n/a
FY20158.96B2.26B1.07Bn/a1.34B25.2%12.1%Market data, supplied Oct 15, 2026accession n/a
FY20148.84B2.11B970.0Mn/a1.64B23.9%10.6%Market data, supplied Oct 15, 2026accession n/a
  • Revenue, compound annual growth FY2014 to FY2025: -34.1%
  • Earnings, compound annual growth FY2014 to FY2025: -39.5%
  • Earnings per share: Fewer than two filed years carry earnings per share.
  • Free cash flow: Free cash flow was not positive in both 2014 and 2025, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

CTW Cayman Class A Ordinary Shares: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.00 ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Piotroski F-score4/9 ComputedFY2025 20-F, filed Nov 17, 2025, 0001213900-25-111604
Named tests met1 of 30 Computed
Beta
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 1 met, 21 not met, 8 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Gross margin, turnover (Robert Novy-Marx)
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; High yield, low payout; Dividends and buybacks; Near the 52-week low; Two thirds of NCAV (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); EV/EBITDA and coverage; Low beta, profitable; ROIC at or above WACC; Z-score and coverage (Edward Altman); P/E times P/B (Benjamin Graham); Cash-covered dividend. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(16)
  • Debt to Equity: The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
  • Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No interest expense is filed for this year, so coverage is not computed.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
  • Beta: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 16 figures could not be read on this company, among them Debt to Equity, Positive Earnings Streak, EV/EBIT. Each blank in the table above names the rest, with its reason. 8 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 3 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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