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Rainbow ChickenJSE:RBO -0.32%15 Net-Net Working Capital is R1.01 as of Dec. 2025. GuruFocus rates JSE:RBO with a GF Score™ of 15/100. Among 644 Consumer Packaged Goods companies, Rainbow Chicken ranks better than 54.66% on this metric.
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.
Rainbow Chicken's Net-Net Working Capital for the quarter that ended in Dec. 2025 was R1.01.
The industry rank for Rainbow Chicken's Net-Net Working Capital or its related term are showing as below:
JSE:RBO's Price-to-Net-Net-Working-Capital is ranked better than 54.66% of 644
companies
in the Consumer Packaged Goods industry
Industry Median: 6.66
vs JSE:RBO: 6.11
Rainbow Chicken (JSE:RBO) 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.
Rainbow Chicken Net-Net Working Capital Related Terms
Rainbow Chicken Net-Net Working Capital Historical Data
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The historical data trend for Rainbow Chicken'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.
JSE:RBO vs KHC, GIS, HRL: Net-Net Working Capital Comparison
For the Packaged Foods subindustry, Rainbow Chicken'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.
Rainbow Chicken Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Rainbow Chicken's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Rainbow Chicken'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 R1.01 mean?
Rainbow Chicken (JSE:RBO) has a Net-Net Working Capital of R1.01 as of Dec. 2025. 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 Rainbow Chicken According to the industry distribution chart, Rainbow Chicken ranks #292 out of 644 companies in the Consumer Packaged Goods industry, placing it in the top 45.3%.
Is Rainbow Chicken's Net-Net Working Capital too high?
Rainbow Chicken's current Net-Net Working Capital is R1.01. Based on the distribution chart, Rainbow Chicken ranks #292 out of 644 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Rainbow Chicken has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Rainbow Chicken's Net-Net Working Capital compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Rainbow Chicken ranks #292 out of 644 companies for Net-Net Working Capital. This puts Rainbow Chicken in the upper half of its industry. The industry median Net-Net Working Capital is 6.66. 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 6.66, based on 644 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 Rainbow Chicken For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rainbow Chicken's current Net-Net Working Capital is R1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rainbow Chicken stock overvalued right now?
Rainbow Chicken (JSE:RBO) has a current Net-Net Working Capital of R1.01. The current Net-Net Working Capital is R1.01. Rainbow Chicken's overall GF Score™ is 15/100. 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 Rainbow Chicken (JSE:RBO), the current Net-Net Working Capital is R1.01 as of Dec. 2025. 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.
Rainbow Chicken Ltd is a fully integrated broiler producing company involved in all stages of chicken production from farm to fork. It is a trusted South African heritage brand that consumers have come to rely on for quality chicken products. Its diverse product offering includes the following product sets: Fresh Chicken, Standard Chicken, Frozen Specialized Chicken, Chilled process meat. It segments includes Chicken, Animal Feed (consisting of Epol and Driehoek), Waste-to-Value (consisting of Matzonox and Matzonox Fertilisers), Group (other immaterial segments). Maximum of revenue is from Chicken Segment.
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