Stock fact sheet · data as of
Webull Corporation Class A Ordinary Shares (BULL): fair value, margin of safety and Wheel Score
Technology · Software - Application · United States · High Growth
Is BULL undervalued?
At 6.30 (close of 16 Oct 2026), BULL trades 11% under the GLS average fair value of 7.07. 3 of the 8 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS screen; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
There is a wide gap between EPV (0.8920) and 10 Cap (21.87). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files BULL under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for BULL
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 12.45 | +98% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 1.88 | -70% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 4.59 | -27% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.01 | -68% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 4.91 | -22% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 21.87 | +247% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 7.95 | +26% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 0.8920 | -86% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 1.52 | -76% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 12.00 | +91% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Webull Corporation Class A Ordinary Shares scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability BULL scores 5.2/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are thin or negative - ROIC 2.3%, ROE 2.4%, ROA 0.6% - with debt at 0.08 times equity and negative free cash flow.
Webull Corporation Class A Ordinary Shares pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Other Revenue 96%, Other 5% (fiscal year FY2025).
Institutional ownership scores 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 30 Sep 2026.
| Piotroski F-score | 5 / 9 | ROIC | 2.3% |
|---|---|---|---|
| GLS Moat | 5.2 / 10 | ROE | 2.4% |
| Debt / equity | 0.08 | ROA | 0.6% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 73: Good
With a Wheel Score of 73 - the Good band - Webull Corporation Class A Ordinary Shares clears the Sunday Scan's "70 or higher" rule. The parts: Value 17/25, Health 11/20, Moat 8/15, Premium 19/20, Stability 18/20; Moat (8/15) scores lowest.
Implied volatility is 66% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (19 of 20) because volatility this high usually comes with a reason. The option chain is deep: 1,094,274 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 9.7M shares a day on a market cap of $3.4B, with a beta of 0.58 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 18 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 17 / 25 | 11% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 8 / 15 | moat 5.2/10 | |
| Premium | 19 / 20 | implied volatility 66% | |
| Stability | 18 / 20 | 9.7M shares/day, $3.4B cap, beta 0.58 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 19 Nov 2026 (after the close), 34 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Application
The 12 companies below are the closest to Webull Corporation Class A Ordinary Shares by market cap within the Software - Application industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| NATL NCR Atleos Corporation | 46.06 | 53.88 | +15% | 69Good | $3.4B |
| LIF Life360, Inc. | 42.14 | 29.57 | -42% | 47Weak | $3.4B |
| SRAD Sportradar Group AG | 11.63 | 6.85 | -70% | 59Fair | $3.4B |
| INTA Intapp, Inc. | 43.63 | 43.07 | -1% | 45Weak | $3.3B |
| BRZE Braze, Inc. | 30.38 | 15.98 | -90% | 45Weak | $3.5B |
| AGYS Agilysys, Inc. | 113.42 | 73.75 | -54% | 59Fair | $3.2B |
| IPEU IPE Universal Inc. | 14.00 | 0.1720 | -8040% | 21No options | $3.6B |
| QTWO Q2 Holdings, Inc. | 59.43 | 63.38 | +6% | 73Good | $3.7B |
| WIX Wix.com Ltd. | 74.31 | 186.00 | +60% | 45Weak | $3.1B |
| FRSH Freshworks Inc. | 14.25 | 20.61 | +31% | 84Prime | $3.7B |
| SPSC SPS Commerce, Inc. | 85.27 | 86.96 | +2% | 79Good | $3.1B |
| WK Workiva Inc. | 72.64 | 43.15 | -68% | 58Fair | $4.0B |
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Start free See the Sunday ScanQuestions about BULL
Is BULL undervalued right now?
By the GLS models, moderately: at 6.30 the stock trades 11% below the average fair value of 7.07 (data as of 16 Oct 2026).
What is the Wheel Score of BULL and what does it mean?
BULL scores 73 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for BULL?
7.07 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Webull Corporation Class A Ordinary Shares report earnings next?
The next earnings report is due on 19 Nov 2026 (after the close), 34 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BULL have listed options, and how liquid are they?
Yes. The nightly snapshot found 444 listed contracts with 1,094,274 open interest across all expiries and implied volatility of 66% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.