Semco Technologies (FRA:F2Z) Net-Net Working Capital: €1.02 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:F2Z Semco Technologies FRA:F2Z
22 GF Score
Price €42.20
View Full Analysis

What is Semco Technologies Net-Net Working Capital?

Semco Technologies FRA:F2Z -0.59% 22 Net-Net Working Capital is €1.02 as of Dec. 2025. GuruFocus rates FRA:F2Z with a GF Score™ of 22/100. Among 532 Semiconductors companies, Semco Technologies ranks worse than 82.71% 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.

Semco Technologies's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €1.02.

The industry rank for Semco Technologies's Net-Net Working Capital or its related term are showing as below:

FRA:F2Z's Price-to-Net-Net-Working-Capital is ranked worse than
82.71% of 532 companies
in the Semiconductors industry
Industry Median: 11.745 vs FRA:F2Z: 41.78

Semco Technologies  (FRA:F2Z) 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.


Semco Technologies Net-Net Working Capital Related Terms


Semco Technologies Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Semco Technologies'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.

Semco Technologies Net-Net Working Capital Chart

Semco Technologies Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
0.05 0.21 -0.36 1.02

Semco Technologies Semi-Annual Data
Dec22 Dec23 Dec24 Jun25 Dec25
Net-Net Working Capital 0.05 0.21 -0.36 0.30 1.02

FRA:F2Z vs AMAT, LRCX, KLAC: Net-Net Working Capital Comparison

For the Semiconductor Equipment & Materials subindustry, Semco Technologies'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.


Semco Technologies Price-to-Net-Net-Working-Capital vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Semco Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Semco Technologies's Price-to-Net-Net-Working-Capital falls into.


FRA:F2Z
22GF Score
Semco Technologies FRA:F2Z
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Semco Technologies Net-Net Working Capital Calculation

Semco Technologies's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(10.229+0.75 * 9.686+0.5 * 8.033-11.074
-0-0)/10.259
=1.02

Semco Technologies's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(10.229+0.75 * 9.686+0.5 * 8.033-11.074
-0-0)/10.259
=1.02

* 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 €1.02 mean?
Semco Technologies (FRA:F2Z) has a Net-Net Working Capital of €1.02 as of Dec. 2025. 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 Semco Technologies According to the industry distribution chart, Semco Technologies ranks #440 out of 532 companies in the Semiconductors industry, placing it in the top 82.7%.
Is Semco Technologies' Net-Net Working Capital too high?
Semco Technologies' current Net-Net Working Capital is €1.02. Based on the distribution chart, Semco Technologies ranks #440 out of 532 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Semco Technologies has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Semco Technologies' Net-Net Working Capital compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Semco Technologies ranks #440 out of 532 companies for Net-Net Working Capital. This places Semco Technologies in the lower half of its industry. The industry median Net-Net Working Capital is 11.75. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.75, based on 532 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 Semco Technologies For the Semiconductors industry, the median Net-Net Working Capital is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Semco Technologies's current Net-Net Working Capital is €1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Semco Technologies stock overvalued right now?
Semco Technologies (FRA:F2Z) has a current Net-Net Working Capital of €1.02. The current Net-Net Working Capital is €1.02. Semco Technologies' overall GF Score™ is 22/100. 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 Semco Technologies (FRA:F2Z), the current Net-Net Working Capital is €1.02 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.

Semco Technologies Business Description

Other Exchanges ALSEM:France
Address 165 Avenue des Cocardieres, Zac Via Domitia, Castries, FRA, 34160
Semco Technologies operates in the semiconductor industry. It is involved in the semiconductor manufacturing stages by foundries (front-end), by supplying eChucks to OEMs. It is engaged in development and manufacture of electrostatic chucks for the semiconductor industry, differentiating them from general ceramic manufacturers.
22GF Score

Get the complete analysis for FRA:F2Z

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€42.20
Price