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Gulf Insurance Group KSC (KUW:GINS) Net-Net Working Capital : KWD-1.30 (As of Mar. 2024)


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What is Gulf Insurance Group KSC Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Gulf Insurance Group KSC's Net-Net Working Capital for the quarter that ended in Mar. 2024 was KWD-1.30.

The industry rank for Gulf Insurance Group KSC's Net-Net Working Capital or its related term are showing as below:

KUW:GINS's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 4.56
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Gulf Insurance Group KSC Net-Net Working Capital Historical Data

The historical data trend for Gulf Insurance Group KSC's Net-Net Working Capital 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.

* Premium members only.

Gulf Insurance Group KSC Net-Net Working Capital Chart

Gulf Insurance Group KSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.09 -1.21 -0.41 -1.22 -1.43

Gulf Insurance Group KSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.22 -1.58 -1.60 -1.43 -1.30

Competitive Comparison of Gulf Insurance Group KSC's Net-Net Working Capital

For the Insurance - Diversified subindustry, Gulf Insurance Group KSC's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.


Gulf Insurance Group KSC's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Gulf Insurance Group KSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Gulf Insurance Group KSC's Price-to-Net-Net-Working-Capital falls into.



Gulf Insurance Group KSC Net-Net Working Capital Calculation

Gulf Insurance Group KSC's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(137.371+332.809+0.75 * 3.814+0.5 * 0-801.273
-0-77.884)/283.751
=-1.43

Gulf Insurance Group KSC's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(184.402+347.731+0.75 * 0+0.5 * 0-828.009
-0-73.779)/283.751
=-1.30

* 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 calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Gulf Insurance Group KSC  (KUW:GINS) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Gulf Insurance Group KSC Net-Net Working Capital Related Terms

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Gulf Insurance Group KSC (KUW:GINS) Business Description

Traded in Other Exchanges
N/A
Address
Khaled Ibn Al Waleed Street, Sharq, P.O.Box 1040, Safat, KIPCO Tower, 40th Floor, Office Number 1 and 2, Kuwait City, KWT, 13011
Gulf Insurance Group KSC is an insurance company offering solutions and covering a range of risks related to Motor, Marine & Aviation, Property & Casualty, and Life & Health Insurance both in conventional and Takaful (Islamic insurance based on Shariah principles) basis. Gulf Insurance operates its business in two segments namely General risk insurance and Life and medical insurance offering general insurance including marine and aviation, motor vehicles, property, engineering and general accidents; and savings, protection products, and other long-term contracts respectively. The company generates revenues from the premium amount written.

Gulf Insurance Group KSC (KUW:GINS) Headlines

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