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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.
The industry rank for Alkim Kagitnayi ve Ticaret AS's Net-Net Working Capital or its related term are showing as below:
IST:ALKA's Price-to-Net-Net-Working-Capital is ranked worse than 97.22% of 72
companies
in the Forest Products industry
Industry Median: 4.295
vs IST:ALKA: 128.57
Alkim Kagitnayi ve Ticaret AS (IST:ALKA) 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.
Alkim Kagitnayi ve Ticaret AS Net-Net Working Capital Related Terms
Alkim Kagitnayi ve Ticaret AS 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.
Alkim Kagitnayi ve Ticaret AS Net-Net Working Capital Chart
IST:ALKA vs SLVM: Net-Net Working Capital Comparison
For the Paper & Paper Products subindustry, Alkim Kagitnayi ve Ticaret AS'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.
Alkim Kagitnayi ve Ticaret AS Price-to-Net-Net-Working-Capital vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Alkim Kagitnayi ve Ticaret AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Alkim Kagitnayi ve Ticaret AS'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 ₺0.07 mean?
Alkim Kagitnayi ve Ticaret AS (IST:ALKA) has a Net-Net Working Capital of ₺0.07 as of Dec. 2024. 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 Alkim Kagitnayi ve Ticaret AS According to the industry distribution chart, Alkim Kagitnayi ve Ticaret AS ranks #70 out of 72 companies in the Forest Products industry, placing it in the top 97.2%.
Is Alkim Kagitnayi ve Ticaret AS's Net-Net Working Capital too high?
Alkim Kagitnayi ve Ticaret AS's current Net-Net Working Capital is ₺0.07. Based on the distribution chart, Alkim Kagitnayi ve Ticaret AS ranks #70 out of 72 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Alkim Kagitnayi ve Ticaret AS has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alkim Kagitnayi ve Ticaret AS's Net-Net Working Capital compare to SLVM?
According to the Forest Products industry distribution chart, Alkim Kagitnayi ve Ticaret AS ranks #70 out of 72 companies for Net-Net Working Capital. This places Alkim Kagitnayi ve Ticaret AS in the lower half of its industry. The industry median Net-Net Working Capital is 4.30. 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 4.30, 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 Alkim Kagitnayi ve Ticaret AS For the Forest Products industry, the median Net-Net Working Capital is 4.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alkim Kagitnayi ve Ticaret AS's current Net-Net Working Capital is ₺0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alkim Kagitnayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Alkim Kagitnayi ve Ticaret AS (IST:ALKA) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺7.58, compared to a current price of ₺9.00 — trading 18.7% above its estimated fair value. The current Net-Net Working Capital is ₺0.07. Alkim Kagitnayi ve Ticaret AS's overall GF Score™ is 61/100 with 6 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 Alkim Kagitnayi ve Ticaret AS (IST:ALKA), the current Net-Net Working Capital is ₺0.07 as of Dec. 2024. 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 Alkim Kagitnayi ve Ticaret AS (IST:ALKA) Overvalued in 2026?
Based on GuruFocus' analysis, Alkim Kagitnayi ve Ticaret AS stock appears to be overvalued.
The current stock price of ₺9.00 is trading 18.7% above its estimated GF Value™ of ₺7.58.
GuruFocus considers Alkim Kagitnayi ve Ticaret AS to be Modestly Overvalued.
Key valuation signals for IST:ALKA:
Net-Net Working Capital: ₺0.07
GF Value™: ₺7.58 vs. price of ₺9.00 (18.7% above fair value)
No single metric tells the full story. See the IST:ALKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alkim Kagitnayi ve Ticaret AS Business Description
Alkim Kagit Sanayi ve Ticaret AS is a Turkey-based company engaged in the manufacture of paper and paper products. The company's main products are wood-free offset papers, coated papers, office papers and special papers. Alkim Kagit Sanayi ve Ticaret AS sells most of its products in the turkey market. It exports to over 25 countries, especially in Europe. In addition, the Balkan countries, Russia and Africa are part of the company's customer portfolio. Its wood-free offset, coated and office papers are produced in Alkim Paper Production Plants. The firm operates a cogeneration plant that meets its energy requirements.
61GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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