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Kaisa Prosperity Holdings (HKSE:02168) Net-Net Working Capital : HK$-2.68 (As of Dec. 2023)


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What is Kaisa Prosperity 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.

Kaisa Prosperity Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2023 was HK$-2.68.

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

HKSE:02168's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Kaisa Prosperity Holdings Net-Net Working Capital Historical Data

The historical data trend for Kaisa Prosperity 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.

Kaisa Prosperity Holdings Net-Net Working Capital Chart

Kaisa Prosperity 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 2.53 6.26 -0.58 -0.33 -2.68

Kaisa Prosperity Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -0.58 -0.50 -0.33 -1.11 -2.68

Competitive Comparison of Kaisa Prosperity Holdings's Net-Net Working Capital

For the Real Estate Services subindustry, Kaisa Prosperity 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.


Kaisa Prosperity Holdings's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kaisa Prosperity Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Kaisa Prosperity Holdings Net-Net Working Capital Calculation

Kaisa Prosperity 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)
=(313.667+0.75 * 430.459+0.5 * 0-972.613
-0-77.233)/154.110
=-2.68

Kaisa Prosperity 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)
=(313.667+0.75 * 430.459+0.5 * 0-972.613
-0-77.233)/154.110
=-2.68

* 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.


Kaisa Prosperity Holdings  (HKSE:02168) 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.


Kaisa Prosperity Holdings Net-Net Working Capital Related Terms

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Kaisa Prosperity Holdings (HKSE:02168) Business Description

Traded in Other Exchanges
N/A
Address
66 Nanyuan Road, Room 507, Block A, Kaisa Center, Futian District, Shenzhen, CHN
Kaisa Prosperity Holdings Ltd is an investment holding company. It is engaged in four operating business segments. The property management services include providing security, cleaning and gardening, and property repair and maintenance services to residential communities, commercial properties, and public facilities; pre-delivery & consulting services include construction sites management, display units, and property sales venues management and consulting services; community value-added services include fees generated from the car parking, space leasing, and value-added services through both offline and online channels; and smart solution services include installation and maintenance services. Geographically, the company operates across China.
Executives
China Shandong Hi-speed Capital Limited 2201 Interest of corporation controlled by you
China Shandong Hi-speed Financial Group Limited 2201 Interest of corporation controlled by you
Paramount Access Investments Limited 2201 Interest of corporation controlled by you
Safe Castle Limited 2106 Person having a security interest in shares
Ye Chang Investment Company Limited 2101 Beneficial owner
Kaisa Group Holdings Ltd. 2201 Interest of corporation controlled by you

Kaisa Prosperity Holdings (HKSE:02168) Headlines

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