Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Dangote Sugar RefineryNSA:DSRP 65 Net Current Asset Value is ₦-39.15 as of Dec. 2025. GuruFocus rates NSA:DSRP with a GF Score™ of 65/100 and a GF Value™ of ₦79.91 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,052 Consumer Packaged Goods companies, Dangote Sugar Refinery ranks worse than 95056.94% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Dangote Sugar Refinery's net current asset value per share for the quarter that ended in Dec. 2025 was ₦-39.15.
The historical rank and industry rank for Dangote Sugar Refinery's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Dangote Sugar Refinery was 49.07. The lowest was 6.56. And the median was 10.03.
NSA:DSRP's Price-to-Net-Current-Asset-Value is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 4.18 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Dangote Sugar Refinery (NSA:DSRP) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. 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.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Dangote Sugar Refinery Net Current Asset Value Related Terms
Dangote Sugar Refinery Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Dangote Sugar Refinery's Net Current Asset Value 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.
Dangote Sugar Refinery Net Current Asset Value Chart
NSA:DSRP vs MDLZ, HSY, TR: Net Current Asset Value Comparison
For the Confectioners subindustry, Dangote Sugar Refinery's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
Dangote Sugar Refinery Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Dangote Sugar Refinery's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Dangote Sugar Refinery's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of ₦-39.15 mean?
Dangote Sugar Refinery (NSA:DSRP) has a Net Current Asset Value of ₦-39.15 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Dangote Sugar Refinery and its competitors. Over the past decade, Dangote Sugar Refinery's Net Current Asset Value has ranged from 6.56 to 49.07. According to the industry distribution chart, Dangote Sugar Refinery ranks #999999 out of 1052 companies in the Consumer Packaged Goods industry.
Is Dangote Sugar Refinery's Net Current Asset Value too high?
Dangote Sugar Refinery's current Net Current Asset Value is ₦-39.15. Over the past 10 years, this metric has ranged from a low of 6.56 to a high of 49.07. Based on the distribution chart, Dangote Sugar Refinery ranks #999999 out of 1052 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Dangote Sugar Refinery has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dangote Sugar Refinery's Net Current Asset Value compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Dangote Sugar Refinery ranks #999999 out of 1052 companies for Net Current Asset Value. This places Dangote Sugar Refinery in the lower half of its industry. The industry median Net Current Asset Value is 4.18. Historically, Dangote Sugar Refinery's own Net Current Asset Value has ranged from 6.56 to 49.07 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.18, based on 1,052 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Dangote Sugar Refinery and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dangote Sugar Refinery's current Net Current Asset Value is ₦-39.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dangote Sugar Refinery stock overvalued right now?
Based on GuruFocus' analysis, Dangote Sugar Refinery (NSA:DSRP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₦79.91, compared to a current price of ₦72.00 — trading 9.9% below its estimated fair value. The current Net Current Asset Value is ₦-39.15. Dangote Sugar Refinery's overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Dangote Sugar Refinery (NSA:DSRP), the current Net Current Asset Value is ₦-39.15 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dangote Sugar Refinery (NSA:DSRP) Overvalued in 2026?
Based on GuruFocus' analysis, Dangote Sugar Refinery stock appears to be undervalued.
The current stock price of ₦72.00 is trading 9.9% below its estimated GF Value™ of ₦79.91.
GuruFocus considers Dangote Sugar Refinery to be Modestly Undervalued.
Key valuation signals for NSA:DSRP:
Net Current Asset Value: ₦-39.15
GF Value™: ₦79.91 vs. price of ₦72.00 (9.9% below fair value)
No single metric tells the full story. See the NSA:DSRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dangote Sugar Refinery PLC is engaged in refining raw sugar to produce fortified and non-fortified granulated white sugar. The company distributes refined white sugar to consumers and industrial customers in Nigeria. The company is also engaged in the cultivation and milling of sugar cane to finished sugar. Its geographical segments include Northern Nigeria, Western Nigeria, Eastern Nigeria, and Lagos. The company derives a majority of its revenue from the Lagos region.
65GF Score
Get the complete analysis for NSA:DSRP
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSA:DSRP has been successfully added to your 
