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Sharjah Insurance Co PSC (ADX:SICO) Net-Net Working Capital : د.إ-0.23 (As of Dec. 2024)


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What is Sharjah Insurance Co PSC 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.

Sharjah Insurance Co PSC's Net-Net Working Capital for the quarter that ended in Dec. 2024 was د.إ-0.23.

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

ADX:SICO's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 6.46
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sharjah Insurance Co PSC Net-Net Working Capital Historical Data

The historical data trend for Sharjah Insurance Co PSC'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.

Sharjah Insurance Co PSC Net-Net Working Capital Chart

Sharjah Insurance Co PSC Annual Data
Trend Dec13 Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.17 0.19 0.13 -0.23

Sharjah Insurance Co PSC Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec23 Dec24
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 0.40 0.17 0.19 0.13 -0.23

Competitive Comparison of Sharjah Insurance Co PSC's Net-Net Working Capital

For the Insurance - Diversified subindustry, Sharjah Insurance Co PSC'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.


Sharjah Insurance Co PSC's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

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

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


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Sharjah Insurance Co PSC Net-Net Working Capital Calculation

Sharjah Insurance Co PSC's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 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)
=(35.589+39.81+0.75 * 0+0.5 * 0-110.383
-0-0)/150.000
=-0.23

Sharjah Insurance Co PSC's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2024 is calculated as

Net-Net Working Capital(Q: Dec. 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)
=(35.589+39.81+0.75 * 0+0.5 * 0-110.383
-0-0)/150.000
=-0.23

* 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.


Sharjah Insurance Co PSC  (ADX:SICO) 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.


Sharjah Insurance Co PSC Net-Net Working Capital Related Terms

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Sharjah Insurance Co PSC Business Description

Traded in Other Exchanges
N/A
Address
Ground and O2 Floors, Al Raha Tower, Corniche Al Mamzar, Al Khan, Sharjah, ARE
Sharjah Insurance Co PSC is a national insurance company. Its principal activity of the company is dealing in general insurance, property, non-property insurance, and life insurance. It mainly carries out general insurance business. Its business segments are Underwriting and Investments. The underwriting segment comprises engineering and motor insurance, marine insurance, fire insurance, and other insurances. Investments segment includes investments inside and outside the U.A.E. marketable equity securities, term deposits with banks, and investment properties.

Sharjah Insurance Co PSC Headlines

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