WTW // Willis Towers Watson Public Limited Company

DES <GO> NASDAQ CIK 0001140536 ↗

Financials • Specialty Insurers

$320.73 ▼ -0.90 (-0.28%)

MKT CAP: $29.79B • VOL: 996.8K

52W L $241 52W H $352

ALTMAN Z

1.51 RISK

PIOTROSKI

8 / 9

WTW // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

PRIOR: RQD 65/100 [C] (+0 PT) • UNCHANGED AS OF 2026-11-01

ROARABLE C

RQD CONFIDENCE

65 / 100 +0D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Hold — Fair / Balanced Risk-Reward

01 MASSIVE / SEC XBRL

Forensic Fundamentals

14 / 20

SOLID

FCF +25.4% vs NI +200% • ROIC-WACC +7.3% • Z 1.51

02 OPRA GEX + SEC 13F

Whale & Options Flow

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

03 SEC FORM 4 (90D)

Insider Conviction

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

04 FRED 90D r-MATRIX

Macro Regime Fit

13 / 20

SOLID

TAILWIND • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00

05 10-K REDLINE AUDIT

Forensic 10-K Risk

16 / 20

STRONG

20 BASE - 4 DEDUCT • 0 CRIT / 0 MED • STABLE

ALERT

Why did WTW's Whale & Options Flow & Insider Conviction sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever WTW is Upgraded or Downgraded.

SIG <GO> CROSS-FEED TRIANGULATION // PROPRIETARY ANOMALY ENGINE (1 ACTIVE ON WTW)

STAGE 2 DETERMINISTIC Z-SCORE + STAGE 3 GEEK DESK BRIEF ALL MARKET ANOMALIES <SIG>

▼ BEARISH // F-RATED EARNINGS MIRAGE // ACCRUAL WATCHSIFTER 02 // ACCRUAL & RECEIVABLES FORENSICS

SEVERITY: 91/100 Z-SCORE: +3.17σ

WTW Accounting Gap: Net Income (+220%) Outpaced OCF (+17.4%) With +6.3% Working-Capital Build

CASH CONVERSION GAP

+202.6% (NI vs OCF)

RECEIVABLES / WC BLOAT

+6.3% VS REV

60D C-SUITE FORM 4 SALES

0 OPEN-MKT DUMPS

[GEEK DESK FORENSIC NOTE // SEC XBRL × FORM 4 CROSS-CHECK]

SEC EDGAR XBRL CompanyFacts10-K/10-Q Working Capital ScheduleSEC Form 4 Executive Sales

SEC EDGAR XBRL triangulation on Willis Towers Watson Public Limited Company (WTW) exposes a +202.6% Cash Conversion Gap as YoY Net Income growth (+220.0%) diverged from Operating Cash Flow growth (+17.4%). Non-cash current assets and receivables expanded +6.3% relative to top-line revenue growth. Monitor upcoming 10-Q cash realization closely for accrual mean-reversion.

WTW // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +26.63%⚡ TESTING RESISTANCE

2026-10-30O $322.6H $327.5L $320.7C $324.4VOL 701.7K

RES: $330.8SUP: $291.7SMA50: $315.0SMA200: $296.7

WTW // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

NEUTRAL / PAIR TRADE CONVICTION: 49/100

BEAR 0

100 BULL

Willis Towers Watson Public Limited Company (WTW) exhibits 41.0% gross margins and 16.6% return on invested capital within Financials (Specialty Insurers), balanced against a 12.5x enterprise multiple and 7.3% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 41.0% gross profitability converts into 23.5% operating margin and 16.6% ROIC, outpacing sector cost of capital.

ROIC: 16.6% // GM: 41.0%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of -2.3% paired with 4.52% free cash flow yield supports self-funded R&D and capital return.

REV YOY: -2.3% // FCF YLD: 4.52%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 1.51 and Piotroski F-Score of 8/9 indicate low near-term refinancing stress.

ALTMAN Z: 1.51 // F-SCORE: 8/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 18.6x trailing P/E (17.3x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 18.6x // EV/EBITDA: 12.5x

02. Options Skew & Event Volatility Risk

Options market prices a ±7.3% implied move with a 0.84 put/call ratio around $314.00 max pain.

IMPL MOVE: ±7.3% // P/C: 0.84

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Specialty Insurers require continuous execution to defend 16.9% net margins.

NET MARGIN: 16.9% // D/E: 0.72x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 17.3x forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.12).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E 18.6x

FORWARD P/E 17.3x

EV / EBITDA 12.5x

FCF YIELD 4.52%

GROSS MARGIN 41.0%

OPERATING MARGIN 23.5%

NET MARGIN 16.9%

ROIC % 16.6%

REV GROWTH YOY -2.3%

DILUTED EPS TTM $17.28

DEBT / EQUITY 0.72x

DIVIDEND YIELD 1.20%

RSI-14 MOMENTUM 61.0

5Y EQUITY BETA 1.12

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // WTWPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $293.48

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for WTW & activate live FRED threshold breach alerts.

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