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HAYAH Insurance Co PJSC (ADX:HAYAH) Net-Net Working Capital : د.إ0.21 (As of Dec. 2022)


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What is HAYAH Insurance Co PJSC 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.

HAYAH Insurance Co PJSC's Net-Net Working Capital for the quarter that ended in Dec. 2022 was د.إ0.21.

The industry rank for HAYAH Insurance Co PJSC's Net-Net Working Capital or its related term are showing as below:

ADX:HAYAH's Price-to-Net-Net-Working-Capital is ranked worse than
80.95% of 42 companies
in the Insurance industry
Industry Median: 4.555 vs ADX:HAYAH: 13.78

HAYAH Insurance Co PJSC Net-Net Working Capital Historical Data

The historical data trend for HAYAH Insurance Co PJSC'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.

HAYAH Insurance Co PJSC Net-Net Working Capital Chart

HAYAH Insurance Co PJSC 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 0.12 0.18 0.25 0.21 0.09

HAYAH Insurance Co PJSC Quarterly Data
Sep16 Dec16 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Dec22 Dec23
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 0.18 0.24 0.25 0.21 0.09

Competitive Comparison of HAYAH Insurance Co PJSC's Net-Net Working Capital

For the Insurance - Life subindustry, HAYAH Insurance Co PJSC'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.


HAYAH Insurance Co PJSC's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

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

* The bar in red indicates where HAYAH Insurance Co PJSC's Price-to-Net-Net-Working-Capital falls into.



HAYAH Insurance Co PJSC Net-Net Working Capital Calculation

HAYAH Insurance Co PJSC'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)
=(6.154+86.386+0.75 * 0+0.5 * 0-74.702
-0-0)/200
=0.09

HAYAH Insurance Co PJSC's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2022 is calculated as

Net-Net Working Capital(Q: Dec. 2022 )
=(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)
=(11.977+77.233+0.75 * 21.041+0.5 * 0-62.759
-0-0)/200
=0.21

* 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.


HAYAH Insurance Co PJSC  (ADX:HAYAH) 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.


HAYAH Insurance Co PJSC Net-Net Working Capital Related Terms

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HAYAH Insurance Co PJSC (ADX:HAYAH) Business Description

Traded in Other Exchanges
N/A
Address
Corniche Road, Sheikh Sultan Bin Hamdan Building, 16th floor, P.O. Box 63323, Abu Dhabi, ARE
HAYAH Insurance Co PJSC is engaged in providing health and life insurance solutions. The company has two business operating segments; The medical insurance segment provides medical coverage to policyholders and The life insurance segment offers term life assurance products. The company also offers car, travel, home, and other insurance products.

HAYAH Insurance Co PJSC (ADX:HAYAH) Headlines

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