Brainsway Ltd logo

Brainsway Ltd(BWAY)

upturn advisory logo
ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$13.31
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close

Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for BWAY

09/25/2026: BWAY (3-star) is currently NOT-A-BUY. Pass it for now.

Brainsway Ltd is a specialized medical technology company that provides non-invasive Deep TMS systems to treat mental health disorders such as depression and OCD. Its core strength lies in its patented H-Coil technology, which enables deeper brain stimulation compared to standard TMS devices, giving it a unique position in the clinical market. The primary growth story centers on increasing the installed base of its systems and securing additional FDA clearances for broader psychiatric conditions. However, the company faces significant competition from well-capitalized players and remains sensitive to changes in healthcare reimbursement. It is best suited for growth-oriented investors who can tolerate the volatility associated with medical device companies.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company operates in the high-growth mental health technology sector with a scalable revenue model.
Momentum investorMixed fitMomentum participation is conditional on positive clinical data releases and sustained revenue growth trends.
Value investorWeak fitThe company is currently prioritized for growth and R&D rather than near-term earnings yield or deep value metrics.
Dividend investorWeak fitThe company does not pay dividends and reinvests all capital into expansion.
Low-risk investorWeak fitMedical device stocks with limited profitability carry higher volatility and risk profiles.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSmall-cap health technology stocks can experience significant price swings based on clinical news.
Valuation riskMedium / highThe stock's valuation is highly sensitive to growth expectations and long-term profitability targets.
Competition risk (TMS market)MediumEstablished players like Neuronetics provide strong competition for market share in psychiatric clinics.
Business qualityMediumThe company has a strong, unique product, but it is still working toward consistent, scalable profitability.
Dividend incomeLow / noneInvestors should expect zero income contribution from this equity.
Execution riskMediumSuccessfully expanding the installed base and securing favorable insurance coverage is critical for financial performance.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 77.35%
Avg. Invested days 44
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 4.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
BWAY receives a 4-star rating, supported by strong unit economics, solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
BWAY has solid overall fundamentals (4 stars), with solid financial health, strong growth momentum, and moderate ownership. In FY2025 versus FY2024, strong earnings growth (+161.3%) and strong cash generation (FCF margin 31.4%) are partially offset by modest insider ownership of 2.54%.

Financial Health Rating

★★★★★
BWAY's financial health is supported by strong liquidity, including working-capital and asset support (WC/assets 55.6%). Operating efficiency is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is BWAY's strongest growth driver at +161.3% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+27.3%, solid) and free-cash-flow growth (+152.2%, strong) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 32.5% and approximately 57.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 2.54% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Valor Management LLC 13.22%
Masters Capital Management LLC 3.73%
Acadian Asset Management LLC 2.04%
Essex Investment Management Company, LLC 1.47%
Renaissance Technologies Corp 1.29%

Unit Economics (Per $1K Revenue)

★★★★★
BWAY generates approximately $754 of gross profit, $83 of operating income, and $314 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 1.00%

Quantitative Style Profile

★★★★★
BWAY has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 531.58M USD
Price to earnings Ratio 57.43
1Y Target Price 19.27
Price to earnings Ratio 57.43
1Y Target Price 19.27
Volume (30-day avg) 86.4K shares
Beta 0.08
52 Weeks Range 7.13 - 17.40
Updated Date 09/24/2026
52 Weeks Range 7.13 - 17.40
Updated Date 09/24/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.23

How Company Makes Money

Business areaWhat it includesRetail investor read
Deep TMS SystemsDirect sales and leasing of the hardware platform to clinics.Revenue is generated by placing machines in clinics and hospitals.
Consumables and ServicesProprietary helmets and maintenance contracts.This creates a recurring revenue stream as more patients get treated.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Advertisement

Valuation

Trailing PE 57.43
Forward PE 17.92
Enterprise Value 497.90M
Price to Sales(TTM) 8.76
Enterprise Value 497.90M
Price to Sales(TTM) 8.76
Enterprise Value to Revenue 8.2
Enterprise Value to EBITDA 41.85
Shares Outstanding 40.24M
Shares Floating 23.25M
Shares Outstanding 40.24M
Shares Floating 23.25M
Percent Insiders 2.54
Percent Institutions 32.48

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Brainsway Ltd

Exchange NASDAQ
Headquarters -
IPO Launch date 1999-10-06
CEO -
Sector Healthcare
Industry Medical Devices
Full time employees 129
Full time employees 129

BrainsWay Ltd. develops and sells noninvasive neurostimulation treatments for mental health disorders in the United States and internationally. It offers Deep Transcranial Magnetic Stimulation platform technology for the treatment of major depressive disorders, anxious and late-life depression, obsessive-compulsive disorders, smoking addiction, bipolar disorders, post-traumatic stress disorders, schizophrenia, Alzheimer's disease, autism, chronic pain, multiple sclerosis, post stroke rehabilitation, and Parkinson's diseases. The company serves doctors, hospitals, and medical centers in the field of psychiatry. The company was founded in 2003 and is headquartered in Jerusalem, Israel.