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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.
HSTC:VIF's Price-to-Net-Net-Working-Capital is ranked better than 65.28% of 72
companies
in the Forest Products industry
Industry Median: 4.17
vs HSTC:VIF: 2.36
Viet Nam Forestry Joint Stock Co (HSTC:VIF) 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.
Viet Nam Forestry Joint Stock Co Net-Net Working Capital Related Terms
Viet Nam Forestry Joint Stock Co Net-Net Working Capital Historical Data
* 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.
Viet Nam Forestry Joint Stock Co Net-Net Working Capital Chart
HSTC:VIF vs SSD, UFPI, BCC: Net-Net Working Capital Comparison
For the Lumber & Wood Production subindustry, Viet Nam Forestry Joint Stock Co'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.
Viet Nam Forestry Joint Stock Co Price-to-Net-Net-Working-Capital vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Viet Nam Forestry Joint Stock Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Viet Nam Forestry Joint Stock Co's Price-to-Net-Net-Working-Capital falls into.
* 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.
What does a Net-Net Working Capital of ₫6,305.00 mean?
Viet Nam Forestry Joint Stock Co (HSTC:VIF) has a Net-Net Working Capital of ₫6,305.00 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Viet Nam Forestry Joint Stock Co According to the industry distribution chart, Viet Nam Forestry Joint Stock Co ranks #25 out of 72 companies in the Forest Products industry, placing it in the top 34.7%.
Is Viet Nam Forestry Joint Stock Co's Net-Net Working Capital too high?
Viet Nam Forestry Joint Stock Co's current Net-Net Working Capital is ₫6,305.00. Based on the distribution chart, Viet Nam Forestry Joint Stock Co ranks #25 out of 72 companies in the Forest Products industry, which is above the industry midpoint. Overall, Viet Nam Forestry Joint Stock Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viet Nam Forestry Joint Stock Co's Net-Net Working Capital compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Viet Nam Forestry Joint Stock Co ranks #25 out of 72 companies for Net-Net Working Capital. This puts Viet Nam Forestry Joint Stock Co in the upper half of its industry. The industry median Net-Net Working Capital is 4.17. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Forest Products company?
The median Net-Net Working Capital among Forest Products companies is 4.17, based on 72 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Viet Nam Forestry Joint Stock Co For the Forest Products industry, the median Net-Net Working Capital is 4.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viet Nam Forestry Joint Stock Co's current Net-Net Working Capital is ₫6,305.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet Nam Forestry Joint Stock Co stock overvalued right now?
Based on GuruFocus' analysis, Viet Nam Forestry Joint Stock Co (HSTC:VIF) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫19,572.02, compared to a current price of ₫14,900.00 — trading 23.9% below its estimated fair value. The current Net-Net Working Capital is ₫6,305.00. Viet Nam Forestry Joint Stock Co's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Viet Nam Forestry Joint Stock Co (HSTC:VIF), the current Net-Net Working Capital is ₫6,305.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Viet Nam Forestry Joint Stock Co (HSTC:VIF) Overvalued in 2026?
Based on GuruFocus' analysis, Viet Nam Forestry Joint Stock Co stock appears to be undervalued.
The current stock price of ₫14,900.00 is trading 23.9% below its estimated GF Value™ of ₫19,572.02.
GuruFocus considers Viet Nam Forestry Joint Stock Co to be Modestly Undervalued.
Key valuation signals for HSTC:VIF:
Net-Net Working Capital: ₫6,305.00
GF Value™: ₫19,572.02 vs. price of ₫14,900.00 (23.9% below fair value)
No single metric tells the full story. See the HSTC:VIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Viet Nam Forestry Joint Stock Co Business Description
Viet Nam Forestry Corp Joint Stock Co principal activities are Cultivation, seeding, planting for wood; Logging; Exploiting other forest products from wood; Collecting products from forest other than wood and other forest products; Providing forestry services; Sawing, shaving and preserving wood; Producing plywood, veneer and other kinds of thin fiberboard; Producing wooden products for construction; Producing wooden package; Producing other wooden products, producing handicrafts from bamboo, straw and plaiting material; Making beds, wardrobes, tables, chairs; and Other activities. The business segment is derived mainly from sales of wood products (from afforestation, commercial activities, and processing) and from property rental. It has only one geographic segment in Vietnam.
70GF Score
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