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E. Bon Holdings (HKSE:00599) Net-Net Working Capital : HK$0.01 (As of Sep. 2023)


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What is E. Bon Holdings Net-Net Working Capital?

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.

E. Bon Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2023 was HK$0.01.

The industry rank for E. Bon Holdings's Net-Net Working Capital or its related term are showing as below:

HKSE:00599's Price-to-Net-Net-Working-Capital is ranked worse than
77.23% of 325 companies
in the Retail - Cyclical industry
Industry Median: 6.05 vs HKSE:00599: 16.00

E. Bon Holdings Net-Net Working Capital Historical Data

The historical data trend for E. Bon Holdings'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.

* Premium members only.

E. Bon Holdings Net-Net Working Capital Chart

E. Bon Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.05 -0.01 0.04 0.04

E. Bon Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.04 0.08 0.04 0.01

Competitive Comparison of E. Bon Holdings's Net-Net Working Capital

For the Home Improvement Retail subindustry, E. Bon 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.


E. Bon Holdings's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, E. Bon Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where E. Bon Holdings's Price-to-Net-Net-Working-Capital falls into.



E. Bon Holdings Net-Net Working Capital Calculation

E. Bon Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(146.661+0.75 * 71.291+0.5 * 144.909-243.858
-0-0)/718.839
=0.04

E. Bon Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(107.257+0.75 * 83.306+0.5 * 202.172-263.167
-0-0)/718.839
=0.01

* 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.


E. Bon Holdings  (HKSE:00599) 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.


E. Bon Holdings Net-Net Working Capital Related Terms

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E. Bon Holdings (HKSE:00599) Business Description

Traded in Other Exchanges
N/A
Address
33 Leighton Road, 16th - 18th Floors, First Commercial Building, Causeway Bay, Hong Kong, HKG
E. Bon Holdings Ltd is an investment holding company. The company through its subsidiaries is engaged in importing, wholesale, and installation of architectural builder's hardware, bathroom, kitchen collections, and furniture. Its reportable operating segments are Architectural builders' hardware and Kitchen collection and furniture. The group generates a vast majority of the revenue from Hong Kong.
Executives
Universal Star Group Ltd. 2101 Beneficial owner
Happy Voice Ltd. 2101 Beneficial owner
New Happy Times Ltd. 2101 Beneficial owner
Fast Way Management Limited 2101 Beneficial owner
Tse Hon Kit Kevin 2201 Interest of corporation controlled by you
Tse Sun Wai Albert 2201 Interest of corporation controlled by you
Tse Sun Po Tony 2201 Interest of corporation controlled by you
Tse Sun Fat Henry 2201 Interest of corporation controlled by you
Lim Mee Hwa 2101 Beneficial owner
Yeo Seng Chong 2101 Beneficial owner

E. Bon Holdings (HKSE:00599) Headlines

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