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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 Super Hi International Holding's Net-Net Working Capital or its related term are showing as below:
HDL's Price-to-Net-Net-Working-Capital is not ranked *
in the Restaurants industry.
Industry Median: 14.87 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Super Hi International Holding (NAS:HDL) 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.
Super Hi International Holding Net-Net Working Capital Related Terms
Super Hi International Holding 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.
Super Hi International Holding Net-Net Working Capital Chart
HDL vs MCD, SBUX, YUM: Net-Net Working Capital Comparison
For the Restaurants subindustry, Super Hi International Holding'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.
Super Hi International Holding Price-to-Net-Net-Working-Capital vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Super Hi International Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Super Hi International Holding'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 $-0.54 mean?
Super Hi International Holding (HDL) has a Net-Net Working Capital of $-0.54 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 Super Hi International Holding According to the industry distribution chart, Super Hi International Holding ranks #999999 out of 49 companies in the Restaurants industry.
Is Super Hi International Holding's Net-Net Working Capital too high?
Super Hi International Holding's current Net-Net Working Capital is $-0.54. Based on the distribution chart, Super Hi International Holding ranks #999999 out of 49 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Super Hi International Holding has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Super Hi International Holding's Net-Net Working Capital compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Super Hi International Holding ranks #999999 out of 49 companies for Net-Net Working Capital. This places Super Hi International Holding in the lower half of its industry. The industry median Net-Net Working Capital is 14.87. 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 Restaurants company?
The median Net-Net Working Capital among Restaurants companies is 14.87, based on 49 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 Super Hi International Holding For the Restaurants industry, the median Net-Net Working Capital is 14.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Super Hi International Holding's current Net-Net Working Capital is $-0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Super Hi International Holding stock overvalued right now?
Based on GuruFocus' analysis, Super Hi International Holding (HDL) is currently considered Significantly Undervalued. The stock's GF Value™ is $21.25, compared to a current price of $13.19 — trading 37.9% below its estimated fair value. The current Net-Net Working Capital is $-0.54. Super Hi International Holding's overall GF Score™ is 59/100 with 1 warning sign 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 Super Hi International Holding (HDL), the current Net-Net Working Capital is $-0.54 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.
Is Super Hi International Holding (HDL) Overvalued in 2026?
Based on GuruFocus' analysis, Super Hi International Holding stock appears to be undervalued.
The current stock price of $13.19 is trading 37.9% below its estimated GF Value™ of $21.25.
GuruFocus considers Super Hi International Holding to be Significantly Undervalued.
Key valuation signals for HDL:
Net-Net Working Capital: $-0.54
GF Value™: $21.25 vs. price of $13.19 (37.9% below fair value)
No single metric tells the full story. See the HDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Super Hi International Holding Business Description
Super Hi International Holding Ltd is an investment holding company, and its subsidiaries are principally engaged in restaurant operations, delivery business, and sales of hot pot condiment products and food ingredients located in the overseas market outside Mainland China, Hong Kong, Macau, and Taiwan. Its mission is to become a world-wide integrated restaurant group, build the world's Chinese cuisine brand, and promote Chinese culinary heritage world-wide.
59GF Score
Get the complete analysis for HDL
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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