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Metisa Metalurgica TimboenseBSP:MTSA4 65 Net-Net Working Capital is R$25.46 as of Mar. 2026. GuruFocus rates BSP:MTSA4 with a GF Score™ of 65/100 and a GF Value™ of R$41.58 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 74 Farm & Heavy Construction Machinery companies, Metisa Metalurgica Timboense ranks better than 82.43% on this metric.
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.
The industry rank for Metisa Metalurgica Timboense's Net-Net Working Capital or its related term are showing as below:
BSP:MTSA4's Price-to-Net-Net-Working-Capital is ranked better than 82.43% of 74
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 7.11
vs BSP:MTSA4: 2.99
Metisa Metalurgica Timboense (BSP:MTSA4) 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.
Metisa Metalurgica Timboense Net-Net Working Capital Related Terms
Metisa Metalurgica Timboense Net-Net Working Capital Historical Data
* 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.
Metisa Metalurgica Timboense Net-Net Working Capital Chart
BSP:MTSA4 vs CAT, DE, PCAR: Net-Net Working Capital Comparison
For the Farm & Heavy Construction Machinery subindustry, Metisa Metalurgica Timboense'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.
Metisa Metalurgica Timboense Price-to-Net-Net-Working-Capital vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Metisa Metalurgica Timboense's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Metisa Metalurgica Timboense's Price-to-Net-Net-Working-Capital 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.
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.
What does a Net-Net Working Capital of R$25.46 mean?
Metisa Metalurgica Timboense (BSP:MTSA4) has a Net-Net Working Capital of R$25.46 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Metisa Metalurgica Timboense According to the industry distribution chart, Metisa Metalurgica Timboense ranks #13 out of 74 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 17.6%.
Is Metisa Metalurgica Timboense's Net-Net Working Capital too high?
Metisa Metalurgica Timboense's current Net-Net Working Capital is R$25.46. Based on the distribution chart, Metisa Metalurgica Timboense ranks #13 out of 74 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Metisa Metalurgica Timboense has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Metisa Metalurgica Timboense's Net-Net Working Capital compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Metisa Metalurgica Timboense ranks #13 out of 74 companies for Net-Net Working Capital. This places Metisa Metalurgica Timboense in the top 18% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.11. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Farm & Heavy Construction Machinery company?
The median Net-Net Working Capital among Farm & Heavy Construction Machinery companies is 7.11, based on 74 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital 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-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Metisa Metalurgica Timboense For the Farm & Heavy Construction Machinery industry, the median Net-Net Working Capital is 7.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metisa Metalurgica Timboense's current Net-Net Working Capital is R$25.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metisa Metalurgica Timboense stock overvalued right now?
Based on GuruFocus' analysis, Metisa Metalurgica Timboense (BSP:MTSA4) is currently considered Modestly Overvalued. The stock's GF Value™ is R$41.58, compared to a current price of R$47.89 — trading 15.2% above its estimated fair value. The current Net-Net Working Capital is R$25.46. Metisa Metalurgica Timboense's overall GF Score™ is 65/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Metisa Metalurgica Timboense (BSP:MTSA4), the current Net-Net Working Capital is R$25.46 as of Mar. 2026. 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 Metisa Metalurgica Timboense (BSP:MTSA4) Overvalued in 2026?
Based on GuruFocus' analysis, Metisa Metalurgica Timboense stock appears to be overvalued.
The current stock price of R$47.89 is trading 15.2% above its estimated GF Value™ of R$41.58.
GuruFocus considers Metisa Metalurgica Timboense to be Modestly Overvalued.
Key valuation signals for BSP:MTSA4:
Net-Net Working Capital: R$25.46
GF Value™: R$41.58 vs. price of R$47.89 (15.2% above fair value)
No single metric tells the full story. See the BSP:MTSA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metisa Metalurgica Timboense SA manufactures and markets steel parts for industrial and agricultural equipment. Its products include parts for agricultural equipment, tractors, railways, blades for the construction sector, and hand tools, among others. It offers agricultural disc blades and implements for a range of equipment, including sugar-alcohol sector; stone saw blades; blades and edges, teeth, adapters and tips, track shoes, and grouser bars for tractors, bulldozers, scrapers, excavators, earth movers, motor graders; and railroad accessories, such as tie plates, joint bars, metallic cores, and steel sleepers for the construction of permanent ways. The company also provides hand tools comprising shovels, spades, picks, post hole diggers, and hoes.
65GF Score
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