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Century Group International Holdings (HKSE:02113) Net-Net Working Capital : HK$-0.07 (As of Sep. 2024)


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What is Century Group International 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.

Century Group International Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2024 was HK$-0.07.

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

HKSE:02113's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.42
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Century Group International Holdings Net-Net Working Capital Historical Data

The historical data trend for Century Group International 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.

Century Group International Holdings Net-Net Working Capital Chart

Century Group International Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.06 -0.06 -0.07 -0.07

Century Group International Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 -0.08 -0.07 -0.07 -0.07 -0.07

Competitive Comparison of Century Group International Holdings's Net-Net Working Capital

For the Engineering & Construction subindustry, Century Group International 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.


Century Group International Holdings's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Century Group International Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Century Group International Holdings's Price-to-Net-Net-Working-Capital falls into.



Century Group International Holdings Net-Net Working Capital Calculation

Century Group International Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.121+0.75 * 1.119+0.5 * 0-55.784
-0-0)/804.75
=-0.07

Century Group International Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.621+0.75 * 0.56+0.5 * 0-56.425
-0-0)/804.75
=-0.07

* 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.


Century Group International Holdings  (HKSE:02113) 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.


Century Group International Holdings Net-Net Working Capital Related Terms

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Century Group International Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 3 On Kwan Street, Office D, 16th Floor, Kings Wing Plaza 1, Shek Mun, New Territories, Hong Kong, HKG
Century Group International Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the provision of site formation works. The services provided by the company include general earthworks comprising soil and rock excavation, disposal of construction and demolition materials, and tunnel excavation works, such as rock excavation works for the construction of tunnels, as well as the construction of associated temporary tunnel support structures. The company segments are Construction and site formation business and Trading Business. The firm generates the majority of its revenue from the Construction and site formation business.
Executives
Wang Feng 2201 Interest of corporation controlled by you
D' Legem Group Limited 2101 Beneficial owner
Chow Hon 2201 Interest of corporation controlled by you
Sin Yuk Hung 2101 Beneficial owner
Wealth China International Limited 2101 Beneficial owner

Century Group International Holdings Headlines

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