New Century Logistics (BVI) Limited Ordinary Shares (NCEW)

FairStock Score: 26/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable businesses, honest financials, and a margin of safety. New Century Logistics is a Hong Kong freight forwarder with only 39 employees, providing air and ocean import/export forwarding, customs clearance, and ancillary logistics. At the close on 2026-10-13, the shares were $16.80 and market cap $51.8M. FairStock calculations show a negative P/E of -5.44, a P/B of 10.84, ROE of -146.22%, ROCE of -45.66%, and D/E of 0.71. That is not a healthy picture: the company is losing money, and it is earning terrible returns on capital. The Piotroski F-Score is 2/9, which confirms weak financial momentum. The one positive is an Altman Z-Score of 4.11, above the usual distress threshold, but a solvency model cannot make a loss-making business attractive. The industry can be competitive, and no evidence of a moat is given: no revenue growth, no profit growth, no multi-year record. The Lynch category is none because only 0 years of filed results are available, so I cannot judge consistency. The 52-week range of $2.80 to $20.83 signals speculation and volatility. Paying 10.84 times book for negative earnings offers no Graham margin of safety. FairStock Score 26/100 fits. Until filed results show positive earnings, better returns, and a more sensible price relative to book, this looks like a speculative small-cap, not a Buffett-style compounder.

In plain English: New Century Logistics is a small Hong Kong freight forwarding company with 39 employees. It currently loses money and earns poor returns on the money invested in it, and the share price is high compared with its book value. Based on the figures provided, the business looks weak and the price does not look cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer