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Cavendish Hydrogen ASAFRA:V07 19 Net-Net Working Capital is €0.45 as of Mar. 2026. GuruFocus rates FRA:V07 with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 63 Utilities - Regulated companies, Cavendish Hydrogen ASA ranks better than 95.24% 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.
Cavendish Hydrogen ASA's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €0.45.
The industry rank for Cavendish Hydrogen ASA's Net-Net Working Capital or its related term are showing as below:
FRA:V07's Price-to-Net-Net-Working-Capital is ranked better than 95.24% of 63
companies
in the Utilities - Regulated industry
Industry Median: 4.83
vs FRA:V07: 1.12
Cavendish Hydrogen ASA (FRA:V07) 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.
Cavendish Hydrogen ASA Net-Net Working Capital Related Terms
Cavendish Hydrogen ASA Net-Net Working Capital Historical Data
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The historical data trend for Cavendish Hydrogen ASA'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.
Cavendish Hydrogen ASA Net-Net Working Capital Chart
FRA:V07 vs ATO, NI, UGI: Net-Net Working Capital Comparison
For the Utilities - Regulated Gas subindustry, Cavendish Hydrogen ASA'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.
Cavendish Hydrogen ASA Price-to-Net-Net-Working-Capital vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Cavendish Hydrogen ASA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Cavendish Hydrogen ASA'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 €0.45 mean?
Cavendish Hydrogen ASA (FRA:V07) has a Net-Net Working Capital of €0.45 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 Cavendish Hydrogen ASA According to the industry distribution chart, Cavendish Hydrogen ASA ranks #3 out of 63 companies in the Utilities - Regulated industry, placing it in the top 4.8%.
Is Cavendish Hydrogen ASA's Net-Net Working Capital too high?
Cavendish Hydrogen ASA's current Net-Net Working Capital is €0.45. Based on the distribution chart, Cavendish Hydrogen ASA ranks #3 out of 63 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Cavendish Hydrogen ASA has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Cavendish Hydrogen ASA's Net-Net Working Capital compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Cavendish Hydrogen ASA ranks #3 out of 63 companies for Net-Net Working Capital. This places Cavendish Hydrogen ASA in the top 5% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 4.83. 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 Utilities - Regulated company?
The median Net-Net Working Capital among Utilities - Regulated companies is 4.83, based on 63 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 Cavendish Hydrogen ASA For the Utilities - Regulated industry, the median Net-Net Working Capital is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cavendish Hydrogen ASA's current Net-Net Working Capital is €0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cavendish Hydrogen ASA stock overvalued right now?
Cavendish Hydrogen ASA (FRA:V07) has a current Net-Net Working Capital of €0.45. The current Net-Net Working Capital is €0.45. Cavendish Hydrogen ASA's overall GF Score™ is 19/100 with 2 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 Cavendish Hydrogen ASA (FRA:V07), the current Net-Net Working Capital is €0.45 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.
Cavendish Hydrogen ASA is a hydrogen fueling company that specializes in the development, production, marketing, sales, installation, commissioning and service of equipment for fueling hydrogen to on road vehicles. The company's core product is hydrogen fueling stations that provide fuel cell electric vehicles (FCEV) including cars, vans, buses and trucks with comparable fast fueling and long range as conventional vehicles today. Beside pure sales of the fueling stations the company offers services such as project execution, site engineering, installation, commissioning, operation support and service and maintenance for its own products. The company operates globally with offices in Denmark, USA, South Korea and Austria.
19GF Score
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