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Enterprise Development Holdings (HKSE:01808) Net-Net Working Capital : HK$0.60 (As of Jun. 2024)


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What is Enterprise Development 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.

Enterprise Development Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2024 was HK$0.60.

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

HKSE:01808's Price-to-Net-Net-Working-Capital is ranked better than
57.07% of 1251 companies
in the Software industry
Industry Median: 7.63 vs HKSE:01808: 6.17

Enterprise Development Holdings Net-Net Working Capital Historical Data

The historical data trend for Enterprise Development 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.

Enterprise Development Holdings Net-Net Working Capital Chart

Enterprise Development Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.75 0.42 0.67 0.58

Enterprise Development Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.42 0.54 0.67 0.60 0.58

Competitive Comparison of Enterprise Development Holdings's Net-Net Working Capital

For the Software - Application subindustry, Enterprise Development 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.


Enterprise Development Holdings's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Enterprise Development Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Enterprise Development Holdings Net-Net Working Capital Calculation

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

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(227.378+0.75 * 10.815+0.5 * 0-42.245
-0-56.059)/204.078
=0.67

Enterprise Development Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

Net-Net Working Capital(Q: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(274.825+0.75 * 46.375+0.5 * 0-106.722
-0-55.183)/244.888
=0.60

* 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.


Enterprise Development Holdings  (HKSE:01808) 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.


Enterprise Development Holdings Net-Net Working Capital Related Terms

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Enterprise Development Holdings Business Description

Traded in Other Exchanges
N/A
Address
18 Fenwick Street/46 Gloucester Road, Room 1105, 15th Floor, Jubilee Centre, Wan Chai, Hong Kong, HKG
Enterprise Development Holdings Ltd is an investment holding company engaged in the Software business which includes the Provision of integrated business software solutions in the People's Republic of China. Its product offering includes Software maintenance and other services, and the Sale of software licenses and other products. The company has one major reportable segment which is Software Business which includes the sale of software licenses and other products and the provision of integrated business software solutions in the PRC. Geographically, the company derives a majority of its revenue from China.
Executives
Hong Tai International Ii Lpf 2101 Beneficial owner
Cheng Wing 2101 Beneficial owner
Teoh Ronnie Chee Keong 2101 Beneficial owner
China Taiping Insurance Holdings Company Limited 2201 Interest of corporation controlled by you
Wu Xiaodong 2201 Interest of corporation controlled by you
Han Lili 2201 Interest of corporation controlled by you
Zhongwei Group (hong Kong) Co., Limited 2101 Beneficial owner
De Gennes Limited 2101 Beneficial owner
King Pak Fu
Rentian Technology Holdings Limited 2201 Interest of corporation controlled by you
Taiping Financial Holdings Company Limited 2101 Beneficial owner
China Insurance Group Finance Company Limited 2106 Person having a security interest in shares

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