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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.
KUW:ALKOUT's Price-to-Net-Net-Working-Capital is ranked worse than 52.38% of 588
companies
in the Chemicals industry
Industry Median: 7.46
vs KUW:ALKOUT: 9.10
Alkout Industrial Projects Co KSCC (KUW:ALKOUT) 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.
Alkout Industrial Projects Co KSCC Net-Net Working Capital Related Terms
Alkout Industrial Projects Co KSCC 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.
Alkout Industrial Projects Co KSCC Net-Net Working Capital Chart
KUW:ALKOUT vs DOW: Net-Net Working Capital Comparison
For the Chemicals subindustry, Alkout Industrial Projects Co KSCC'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.
Alkout Industrial Projects Co KSCC Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Alkout Industrial Projects Co KSCC's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Alkout Industrial Projects Co KSCC'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 KWD0.09 mean?
Alkout Industrial Projects Co KSCC (KUW:ALKOUT) has a Net-Net Working Capital of KWD0.09 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 Alkout Industrial Projects Co KSCC According to the industry distribution chart, Alkout Industrial Projects Co KSCC ranks #308 out of 588 companies in the Chemicals industry, placing it in the top 52.4%.
Is Alkout Industrial Projects Co KSCC's Net-Net Working Capital too high?
Alkout Industrial Projects Co KSCC's current Net-Net Working Capital is KWD0.09. Based on the distribution chart, Alkout Industrial Projects Co KSCC ranks #308 out of 588 companies in the Chemicals industry, which is below the industry midpoint. Overall, Alkout Industrial Projects Co KSCC has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alkout Industrial Projects Co KSCC's Net-Net Working Capital compare to DOW?
According to the Chemicals industry distribution chart, Alkout Industrial Projects Co KSCC ranks #308 out of 588 companies for Net-Net Working Capital. This places Alkout Industrial Projects Co KSCC in the lower half of its industry. The industry median Net-Net Working Capital is 7.46. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 7.46, based on 588 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 Alkout Industrial Projects Co KSCC For the Chemicals industry, the median Net-Net Working Capital is 7.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alkout Industrial Projects Co KSCC's current Net-Net Working Capital is KWD0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alkout Industrial Projects Co KSCC stock overvalued right now?
Based on GuruFocus' analysis, Alkout Industrial Projects Co KSCC (KUW:ALKOUT) is currently considered Fairly Valued. The stock's GF Value™ is KWD0.82, compared to a current price of KWD0.82 — trading 0.1% below its estimated fair value. The current Net-Net Working Capital is KWD0.09. Alkout Industrial Projects Co KSCC's overall GF Score™ is 39/100 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 Alkout Industrial Projects Co KSCC (KUW:ALKOUT), the current Net-Net Working Capital is KWD0.09 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 Alkout Industrial Projects Co KSCC (KUW:ALKOUT) Overvalued in 2026?
Based on GuruFocus' analysis, Alkout Industrial Projects Co KSCC stock appears to be undervalued.
The current stock price of KWD0.82 is trading 0.1% below its estimated GF Value™ of KWD0.82.
GuruFocus considers Alkout Industrial Projects Co KSCC to be Fairly Valued.
Key valuation signals for KUW:ALKOUT:
Net-Net Working Capital: KWD0.09
GF Value™: KWD0.82 vs. price of KWD0.82 (0.1% below fair value)
No single metric tells the full story. See the KUW:ALKOUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alkout Industrial Projects Co KSCC Business Description
Alkout Industrial Projects Co KSCC is a Kuwait-based company engaged in the manufacture and sale of Chlor Alkali products. The company has six operating segments: Chlor Alkali, which includes the production and sale of chlor alkali products; Petrochemical products, which includes Production and sale of petrochemical products; Trading, which includes Distribution of industrial materials; Logistics and Transport, which includes Logistic and transportation services provided by the Group; Industrial projects, which includes Construction of chlorine dioxide plant for groundwater reservoirs; and Investments, which includes Group's investments in an associate, fair value through profit or loss, and goodwill. It generates a majority of its revenue from the Chlor Alkali segment.
39GF Score
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