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Heng Hup Holdings (HKSE:01891) Net-Net Working Capital : HK$0.04 (As of Dec. 2023)


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What is Heng Hup 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.

Heng Hup Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$0.04.

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

HKSE:01891's Price-to-Net-Net-Working-Capital is ranked better than
83.47% of 1343 companies
in the Industrial Products industry
Industry Median: 6.8 vs HKSE:01891: 2.50

Heng Hup Holdings Net-Net Working Capital Historical Data

The historical data trend for Heng Hup 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.

Heng Hup Holdings Net-Net Working Capital Chart

Heng Hup Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only 0.18 0.16 0.15 0.10 0.04

Heng Hup Holdings Semi-Annual Data
Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.08 0.10 0.09 0.04 -

Competitive Comparison of Heng Hup Holdings's Net-Net Working Capital

For the Metal Fabrication subindustry, Heng Hup 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.


Heng Hup Holdings's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Heng Hup Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Heng Hup Holdings Net-Net Working Capital Calculation

Heng Hup 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)
=(33.072+0.75 * 311.8+0.5 * 114.049-284.218
-0--1.185)/1000
=0.04

Heng Hup Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(33.072+0.75 * 311.8+0.5 * 114.049-284.218
-0--1.185)/1000
=0.04

* 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.


Heng Hup Holdings  (HKSE:01891) 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.


Heng Hup Holdings Net-Net Working Capital Related Terms

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Heng Hup Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 264, Jalan Satu A, Kampung Baru Subang, Shah Alam, MYS, 40150
Heng Hup Holdings Ltd is a scrap ferrous metal trader in Malaysia. The company is mainly engaged in trading of scrap ferrous metals, used batteries, waste paper, and other scraps. Its only operating segment being trading of recycling materials. Geographically, it derives revenue from Malaysia.
Executives
Juan Sook Fong 2202 Interest of your spouse
Koo Lee Ching 2202 Interest of your spouse
Loh Hui Mei 2202 Interest of your spouse
Peong Ai Teen 2202 Interest of your spouse
Sia Keng Leong 2201 Interest of corporation controlled by you
Sia Kok Chin 2201 Interest of corporation controlled by you
Sia Kok Chong 2201 Interest of corporation controlled by you
Sia Kok Heong 2201 Interest of corporation controlled by you
Sia Kok Seng 2201 Interest of corporation controlled by you
Yang Mei Feng 2202 Interest of your spouse
5s Holdings (bvi) Limited 2101 Beneficial owner
Poon Ka Ho Stanley

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