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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.
FRA:CSI0's Price-to-Net-Net-Working-Capital is not ranked *
in the Agriculture industry.
Industry Median: 8.13 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Century Sunshine Group Holdings (FRA:CSI0) 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.
Century Sunshine Group Holdings Net-Net Working Capital Related Terms
Century Sunshine Group Holdings 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.
Century Sunshine Group Holdings Net-Net Working Capital Chart
FRA:CSI0 vs CTVA, CF, MOS: Net-Net Working Capital Comparison
For the Agricultural Inputs subindustry, Century Sunshine Group Holdings'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.
Century Sunshine Group Holdings Price-to-Net-Net-Working-Capital vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Century Sunshine Group Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Century Sunshine Group Holdings'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 €-2.21 mean?
Century Sunshine Group Holdings (FRA:CSI0) has a Net-Net Working Capital of €-2.21 as of Jun. 2024. 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 Century Sunshine Group Holdings
Is Century Sunshine Group Holdings' Net-Net Working Capital too high?
Century Sunshine Group Holdings' current Net-Net Working Capital is €-2.21. Overall, Century Sunshine Group Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Century Sunshine Group Holdings' Net-Net Working Capital compare to CTVA and CF?
Century Sunshine Group Holdings' Net-Net Working Capital of €-2.21 can be compared against companies in the Agriculture industry. The industry median Net-Net Working Capital is 8.13. 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 an Agriculture company?
The median Net-Net Working Capital among Agriculture companies is 8.13, based on 85 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 Century Sunshine Group Holdings For the Agriculture industry, the median Net-Net Working Capital is 8.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Century Sunshine Group Holdings's current Net-Net Working Capital is €-2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Century Sunshine Group Holdings stock overvalued right now?
Century Sunshine Group Holdings (FRA:CSI0) has a current Net-Net Working Capital of €-2.21. The current Net-Net Working Capital is €-2.21. Century Sunshine Group Holdings' overall GF Score™ is 11/100. 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 Century Sunshine Group Holdings (FRA:CSI0), the current Net-Net Working Capital is €-2.21 as of Jun. 2024. 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.
Century Sunshine Group Holdings Business Description
Century Sunshine Group Holdings Ltd is an investment holding company. The company and its subsidiaries are engaged in the magnesium products business, which generates key revenue, fertilizer business, and metallurgical flux business. The Magnesium product segment is engaged in the manufacture and sales of magnesium alloys. The Metallurgical Flux segment is engaged in the sales of metallurgical flux, such as serpentine, and the Fertilizer segment is engaged in the production and sales of fertilizers, including organic fertilizers and compound fertilizers. The revenue is mainly derived from China.
11GF Score
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