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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 Hutchison Port Holdings Trust's Net-Net Working Capital or its related term are showing as below:
HCTPF's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.48 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Hutchison Port Holdings Trust (OTCPK:HCTPF) 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.
Hutchison Port Holdings Trust Net-Net Working Capital Related Terms
Hutchison Port Holdings Trust 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.
Hutchison Port Holdings Trust Net-Net Working Capital Chart
Hutchison Port Holdings Trust Net-Net Working Capital Competitor Comparison
For the Marine Shipping subindustry, Hutchison Port Holdings Trust'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.
Hutchison Port Holdings Trust Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Hutchison Port Holdings Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Hutchison Port Holdings Trust'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 $-0.63 mean?
Hutchison Port Holdings Trust (HCTPF) has a Net-Net Working Capital of $-0.63 as of Jun. 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 Hutchison Port Holdings Trust According to the industry distribution chart, Hutchison Port Holdings Trust ranks #999999 out of 220 companies in the Transportation industry.
Is Hutchison Port Holdings Trust's Net-Net Working Capital too high?
Hutchison Port Holdings Trust's current Net-Net Working Capital is $-0.63. Based on the distribution chart, Hutchison Port Holdings Trust ranks #999999 out of 220 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Hutchison Port Holdings Trust has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hutchison Port Holdings Trust's Net-Net Working Capital compare to competitors?
According to the Transportation industry distribution chart, Hutchison Port Holdings Trust ranks #999999 out of 220 companies for Net-Net Working Capital. This places Hutchison Port Holdings Trust in the lower half of its industry. The industry median Net-Net Working Capital is 6.48. 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 6.48, based on 220 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 Hutchison Port Holdings Trust For the Transportation industry, the median Net-Net Working Capital is 6.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hutchison Port Holdings Trust's current Net-Net Working Capital is $-0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hutchison Port Holdings Trust stock overvalued right now?
Based on GuruFocus' analysis, Hutchison Port Holdings Trust (HCTPF) is currently considered Fairly Valued. The stock's GF Value™ is $0.18, compared to a current price of $0.17 — trading 8.3% below its estimated fair value. The current Net-Net Working Capital is $-0.63. Hutchison Port Holdings Trust's overall GF Score™ is 46/100 with 6 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 Hutchison Port Holdings Trust (HCTPF), the current Net-Net Working Capital is $-0.63 as of Jun. 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 Hutchison Port Holdings Trust (HCTPF) Overvalued in 2026?
Based on GuruFocus' analysis, Hutchison Port Holdings Trust stock appears to be undervalued.
The current stock price of $0.17 is trading 8.3% below its estimated GF Value™ of $0.18.
GuruFocus considers Hutchison Port Holdings Trust to be Fairly Valued.
Key valuation signals for HCTPF:
Net-Net Working Capital: $-0.63
GF Value™: $0.18 vs. price of $0.17 (8.3% below fair value)
No single metric tells the full story. See the HCTPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hutchison Port Holdings Trust invests in, develops, operates, and manages deep-water container ports. The company invests in other assets including river ports and provides additional port services such as freight forwarding and warehousing. The company derives revenue through the port and related services, transportation and logistics solutions, management and service fee income, and system development and support fees. The port and related services account for the vast majority of revenue. The company operates in both Hong Kong and Mainland China and derives the majority of its revenue from Mainland China.
46GF Score
Get the complete analysis for HCTPF
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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