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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.
Quantum Foods Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2026 was R1.13.
The industry rank for Quantum Foods Holdings's Net-Net Working Capital or its related term are showing as below:
JSE:QFH's Price-to-Net-Net-Working-Capital is ranked better than 56.42% of 654
companies
in the Consumer Packaged Goods industry
Industry Median: 6.75
vs JSE:QFH: 5.75
Quantum Foods Holdings (JSE:QFH) 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.
Quantum Foods Holdings Net-Net Working Capital Related Terms
Quantum Foods Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Quantum Foods 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.
Quantum Foods Holdings Net-Net Working Capital Chart
JSE:QFH vs ADM, BG, TSN: Net-Net Working Capital Comparison
For the Farm Products subindustry, Quantum Foods 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.
Quantum Foods Holdings Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Quantum Foods Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Quantum Foods Holdings'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 R1.13 mean?
Quantum Foods Holdings (JSE:QFH) has a Net-Net Working Capital of R1.13 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 Quantum Foods Holdings According to the industry distribution chart, Quantum Foods Holdings ranks #285 out of 654 companies in the Consumer Packaged Goods industry, placing it in the top 43.6%.
Is Quantum Foods Holdings' Net-Net Working Capital too high?
Quantum Foods Holdings' current Net-Net Working Capital is R1.13. Based on the distribution chart, Quantum Foods Holdings ranks #285 out of 654 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Quantum Foods Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quantum Foods Holdings' Net-Net Working Capital compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Quantum Foods Holdings ranks #285 out of 654 companies for Net-Net Working Capital. This puts Quantum Foods Holdings in the upper half of its industry. The industry median Net-Net Working Capital is 6.75. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.75, based on 654 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 Quantum Foods Holdings For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quantum Foods Holdings's current Net-Net Working Capital is R1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quantum Foods Holdings stock overvalued right now?
Based on GuruFocus' analysis, Quantum Foods Holdings (JSE:QFH) is currently considered Modestly Undervalued. The stock's GF Value™ is R8.46, compared to a current price of R6.85 — trading 19% below its estimated fair value. The current Net-Net Working Capital is R1.13. Quantum Foods Holdings' overall GF Score™ is 77/100 with 4 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 Quantum Foods Holdings (JSE:QFH), the current Net-Net Working Capital is R1.13 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 Quantum Foods Holdings (JSE:QFH) Overvalued in 2026?
Based on GuruFocus' analysis, Quantum Foods Holdings stock appears to be undervalued.
The current stock price of R6.85 is trading 19% below its estimated GF Value™ of R8.46.
GuruFocus considers Quantum Foods Holdings to be Modestly Undervalued.
Key valuation signals for JSE:QFH:
Net-Net Working Capital: R1.13
GF Value™: R8.46 vs. price of R6.85 (19% below fair value)
No single metric tells the full story. See the JSE:QFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quantum Foods Holdings Ltd is a food manufacturing company. It is engaged in the feeds and poultry business, providing animal protein to selected South African and African markets. The company's segments include Eggs, Farming, Animal feeds, and other African countries. Quantum Foods comprises eggs, broiler and layer farming, and animal feeds in South Africa. The company derives the majority of its revenue from Animal feeds.
77GF 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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