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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.
The industry rank for Seacon Shipping Group Holdings's Net-Net Working Capital or its related term are showing as below:
FRA:K2N's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.46 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Seacon Shipping Group Holdings (FRA:K2N) 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.
Seacon Shipping Group Holdings Net-Net Working Capital Related Terms
Seacon Shipping 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.
Seacon Shipping Group Holdings Net-Net Working Capital Chart
Seacon Shipping Group Holdings Net-Net Working Capital Competitor Comparison
For the Marine Shipping subindustry, Seacon Shipping 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.
Seacon Shipping Group Holdings Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Seacon Shipping Group Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Seacon Shipping 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 €-1.09 mean?
Seacon Shipping Group Holdings (FRA:K2N) has a Net-Net Working Capital of €-1.09 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 Seacon Shipping Group Holdings According to the industry distribution chart, Seacon Shipping Group Holdings ranks #999999 out of 223 companies in the Transportation industry.
Is Seacon Shipping Group Holdings' Net-Net Working Capital too high?
Seacon Shipping Group Holdings' current Net-Net Working Capital is €-1.09. Based on the distribution chart, Seacon Shipping Group Holdings ranks #999999 out of 223 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Seacon Shipping Group Holdings has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Seacon Shipping Group Holdings' Net-Net Working Capital compare to competitors?
According to the Transportation industry distribution chart, Seacon Shipping Group Holdings ranks #999999 out of 223 companies for Net-Net Working Capital. This places Seacon Shipping Group Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 6.46. 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.46, based on 223 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 Seacon Shipping Group Holdings For the Transportation industry, the median Net-Net Working Capital is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seacon Shipping Group Holdings's current Net-Net Working Capital is €-1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seacon Shipping Group Holdings stock overvalued right now?
Seacon Shipping Group Holdings (FRA:K2N) has a current Net-Net Working Capital of €-1.09. The stock's GF Value™ is €0.40, compared to a current price of €0.40 — trading 1% above its estimated fair value. The current Net-Net Working Capital is €-1.09. Seacon Shipping Group Holdings' overall GF Score™ is 83/100 with 11 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 Seacon Shipping Group Holdings (FRA:K2N), the current Net-Net Working Capital is €-1.09 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.
Is Seacon Shipping Group Holdings (FRA:K2N) Overvalued in 2026?
Based on GuruFocus' analysis, Seacon Shipping Group Holdings stock appears to be overvalued.
The current stock price of €0.40 is trading 1% above its estimated GF Value™ of €0.40.
Key valuation signals for FRA:K2N:
Net-Net Working Capital: €-1.09
GF Value™: €0.40 vs. price of €0.40 (1% above fair value)
No single metric tells the full story. See the FRA:K2N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Seacon Shipping Group Holdings Ltd is an integrated shipping services provider. Its comprehensive services provided include shipping services and ship management services, covering key processes along the value chain of the maritime shipping industry. In terms of shipping services, the company, leveraging a diversified fleet comprising controlled vessels and chartered-in vessels, provides various shipping services for dry bulk cargoes as well as oil/chemical products to commodity producers, traders, and shipping enterprises. In ship management services, it offers comprehensive services covering the entire lifecycle of vessels to shipowners, financial leasing companies and shipyards. It derives the majority of the revenue from the Shipping segment.
83GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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