AXG (Solowin Holdings) ROE %: -4.96% (As of Sep. 2025)


AXG Solowin Holdings Ltd AXG
12 GF Score
Price $3.26
! 7 Warning Signs
View Full Analysis

What is Solowin Holdings ROE %?

Solowin Holdings AXG 12 ROE % is -4.96% as of Sep. 2025. GuruFocus rates AXG with a GF Score™ of 12/100. The stock has 7 warning signs investors should review. Among 794 Capital Markets companies, Solowin Holdings ranks worse than 78.84% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Solowin Holdings's annualized net income for the quarter that ended in Sep. 2025 was $-9.26 Mil. Solowin Holdings's average Total Stockholders Equity over the quarter that ended in Sep. 2025 was $186.86 Mil. Therefore, Solowin Holdings's annualized ROE % for the quarter that ended in Sep. 2025 was -4.96%.

The historical rank and industry rank for Solowin Holdings's ROE % or its related term are showing as below:

AXG' s ROE % Range Over the Past 10 Years
Min: -125.05   Med: -56.52   Max: 50.51
Current: -5.46

During the past 5 years, Solowin Holdings's highest ROE % was 50.51%. The lowest was -125.05%. And the median was -56.52%.

AXG's ROE % is ranked worse than
78.84% of 794 companies
in the Capital Markets industry
Industry Median: 6.005 vs AXG: -5.46

Solowin Holdings  (NAS:AXG) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2025 )
=Net Income/Total Stockholders Equity
=-9.264/186.855
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-9.264 / 11.696)*(11.696 / 197.737)*(197.737 / 186.855)
=Net Margin %*Asset Turnover*Equity Multiplier
=-79.21 %*0.0591*1.0582
=ROA %*Equity Multiplier
=-4.68 %*1.0582
=-4.96 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2025 )
=Net Income/Total Stockholders Equity
=-9.264/186.855
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-9.264 / -9.268) * (-9.268 / -9.284) * (-9.284 / 11.696) * (11.696 / 197.737) * (197.737 / 186.855)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9996 * 0.9983 * -79.38 % * 0.0591 * 1.0582
=-4.96 %

Note: The net income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Solowin Holdings ROE % Related Terms


Solowin Holdings ROE % Historical Data

* Premium members only.

The historical data trend for Solowin Holdings's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Solowin Holdings ROE % Chart

Solowin Holdings Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
ROE %
-44.06 -56.52 50.51 -74.29 -125.05

Solowin Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.02 -117.04 -167.51 -85.00 -4.96

AXG vs BTGO, BTBT, RHNO: ROE % Comparison

For the Capital Markets subindustry, Solowin Holdings's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Solowin Holdings ROE % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Solowin Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Solowin Holdings's ROE % falls into.


AXG
12GF Score
Solowin Holdings Ltd AXG
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solowin Holdings ROE % Calculation

Solowin Holdings's annualized ROE % for the fiscal year that ended in Mar. 2025 is calculated as

ROE %=Net Income (A: Mar. 2025 )/( (Total Stockholders Equity (A: Mar. 2024 )+Total Stockholders Equity (A: Mar. 2025 ))/ count )
=-8.538/( (8.924+4.731)/ 2 )
=-8.538/6.8275
=-125.05 %

Solowin Holdings's annualized ROE % for the quarter that ended in Sep. 2025 is calculated as

ROE %=Net Income (Q: Sep. 2025 )/( (Total Stockholders Equity (Q: Mar. 2025 )+Total Stockholders Equity (Q: Sep. 2025 ))/ count )
=-9.264/( (4.731+368.979)/ 2 )
=-9.264/186.855
=-4.96 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Sep. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -4.96% mean?
Solowin Holdings (AXG) has a ROE % of -4.96% as of Sep. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Solowin Holdings and its competitors. According to the industry distribution chart, Solowin Holdings ranks #626 out of 794 companies in the Capital Markets industry, placing it in the top 78.8%.
Is Solowin Holdings' ROE % too high?
Solowin Holdings' current ROE % is -4.96%. Based on the distribution chart, Solowin Holdings ranks #626 out of 794 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Solowin Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Solowin Holdings' ROE % compare to BTGO and BTBT?
According to the Capital Markets industry distribution chart, Solowin Holdings ranks #626 out of 794 companies for ROE %. This places Solowin Holdings in the lower half of its industry. The industry median ROE % is 6.01. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Capital Markets company?
The median ROE % among Capital Markets companies is 6.01, based on 794 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Solowin Holdings and its competitors. For the Capital Markets industry, the median ROE % is 6.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solowin Holdings's current ROE % is -4.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solowin Holdings stock overvalued right now?
Solowin Holdings (AXG) has a current ROE % of -4.96%. The current ROE % is -4.96%. Solowin Holdings' overall GF Score™ is 12/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Solowin Holdings (AXG), the current ROE % is -4.96% as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Solowin Holdings Business Description

Address 33 Canton Road, Room 1910-1912A, Tower 3, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Solowin Holdings Ltd is an investor-focused, versatile securities brokerage company in Hong Kong. It offers a wide spectrum of products and services through its secure one-stop electronic platform. It is engaged in providing securities-related services, investment advisory services, and asset management services to customers. The operations were organized into four reportable segments: Corporate Finance Services, Wealth Management Services, Asset Management Services and Virtual Assets. It derives maximum revenue from Wealth Management Services.
12GF Score

Get the complete analysis for AXG

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.26
Price