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LFG Investment Holdings (HKSE:03938) Net-Net Working Capital : HK$0.15 (As of Sep. 2023)


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What is LFG Investment 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.

LFG Investment Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2023 was HK$0.15.

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

HKSE:03938's Price-to-Net-Net-Working-Capital is ranked better than
86.06% of 287 companies
in the Capital Markets industry
Industry Median: 5.8 vs HKSE:03938: 1.20

LFG Investment Holdings Net-Net Working Capital Historical Data

The historical data trend for LFG Investment 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.

LFG Investment Holdings Net-Net Working Capital Chart

LFG Investment Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial 0.09 0.26 0.15 0.20 0.12

LFG Investment Holdings Semi-Annual Data
Mar17 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 0.16 0.20 -0.03 0.12 0.15

Competitive Comparison of LFG Investment Holdings's Net-Net Working Capital

For the Capital Markets subindustry, LFG Investment 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.


LFG Investment Holdings's Price-to-Net-Net-Working-Capital Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, LFG Investment Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



LFG Investment Holdings Net-Net Working Capital Calculation

LFG Investment 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)
=(61.198+0.75 * 137.607+0.5 * 0-113.451
-0-1.056)/405.963
=0.12

LFG Investment 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)
=(72.718+0.75 * 134.485+0.5 * 0-112.589
-0-1.002)/405.963
=0.15

* 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.


LFG Investment Holdings  (HKSE:03938) 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.


LFG Investment Holdings Net-Net Working Capital Related Terms

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LFG Investment Holdings (HKSE:03938) Business Description

Traded in Other Exchanges
N/A
Address
29 Queen’s Road Central, Room 1601, 16th Floor China Building, Hong Kong, HKG
LFG Investment Holdings Ltd is a financial services provider in Hong Kong, that engages in the provision of corporate finance advisory services; underwriting services; securities dealing and brokerage services; securities financing services; and asset management services. The company generates maximum revenue from Corporate finance advisory services.
Executives
Mui Ho Cheung Gary 2101 Beneficial owner
Ki Sin Yee Cindy
Lego Financial Group Limited 2101 Beneficial owner
Wong Wing Shing 2101 Beneficial owner

LFG Investment Holdings (HKSE:03938) Headlines

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