NRW Holdings Limited (NWH.AX)

Valuation as at 2026-08-29 · see also the ASX 300 Most Undervalued screen

About NRW Holdings Limited

NRW Holdings Limited, through its subsidiaries, provides diversified contract services to the resources and infrastructure sectors in Australia. It operates through four segments: Civil; Mining; Minerals, Energy & Technologies (MET); and Electrical, Mechanical (HVAC), Infrastructure & Technology (EMIT). The company delivers private and public civil infrastructure projects, mine development, bulk earthworks, and commercial and residential subdivisions; and civil construction projects, including roads, bridges, tailings storage facilities, rail formations, ports, renewable energy projects, water infrastructure, and concrete installations; and provides mine management, contract mining, load and haul, drill and blast, maintenance services, and fabrication of water and service vehicles.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

NRW Holdings Limited NWH.AX

Industrials · Conglomerates

Price
$7.66
Market Cap
$3.52B
Free Cash Flow
$0.21B
Beta
1.11
P/E (TTM)
23.2x
52-Week Range
$3.77–$8.43

NRW Holdings Limited's price & financial trends

Annual reporting periods — this market does not have reliable quarterly data on Yahoo (either it isn't required, or coverage is incomplete), so annual is the most granular consistent series across free cash flow and dividends.

Data as at 2026-08-29

Share price · last 2 years

$7.66 +115% vs 2024-08
ASX 200 $3.56$3.43$2.99$5.42$6.12$7.66 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per year

$0.33 +77% vs FY23
$0.19$0.23$0.06$0.33FY23FY24FY25FY26

Free cash flow Per year

$0.18B +195% vs FY23
$0.06B$0.04B$0.10B$0.18BFY23FY24FY25FY26

Dividend per share Per year

$0.18 +17% vs FY23
$0.15$0.14$0.16$0.18FY23FY24FY25FY26

Value investing scale · Buffett · Dalio · Graham

Partial Fit
10 / 20 combined score

1 criterion had no data

See the full Buffett, Dalio & Graham breakdown for NWH.AX →

🏛️ Holding company / conglomerate — a 15% discount has been applied to the intrinsic values below, reflecting typically less efficient capital allocation and reduced transparency across diversified business lines (not a per-segment valuation — Yahoo doesn't expose segment-level financials).

Intrinsic value estimate · 5-year forecast

BEAR
$6.14
vs current $7.66
-19.8% ⚠️ Fairly Valued
BASE
$11.62
vs current $7.66
+51.7% ✅ Undervalued
BULL
$16.34
vs current $7.66
+113.3% ✅ Undervalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
$0.21B
Reported free cash flow (Yahoo)
Risk-free rate
4.80% ● LIVE
Live 10-yr govt bond
Beta
1.11
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Cost of debt
5.80%
Synthetic rating A+, ICR 8.0x
Tax rate
25.00%
Estimated default
Capital structure
E 86% / D 14%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth12.5%25.0%30.0%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)11.44%10.44%9.44%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 1.11 × 6.00% = 11.45% · WACC = weighted by 86%/14% capital structure

These numbers come from running NRW Holdings Limited's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or NWH.AX's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with NWH.AX →

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-29 from Yahoo Finance data, using the same engine as the full DCF tool and the ASX 300 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is NRW Holdings Limited (NWH.AX) undervalued?

The Base-case DCF estimates intrinsic value at $11.62 vs a price of $7.66 on 2026-08-29 — a +51.7% margin, so the Base case reads undervalued. This is a mechanical output, not advice.