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Amicorp FS (UK)LSE:AMIF 64 Net-Net Working Capital is $0.02 as of Dec. 2025. GuruFocus rates LSE:AMIF with a GF Score™ of 64/100 and a GF Value™ of $1.93 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 484 Asset Management companies, Amicorp FS (UK) ranks worse than 82.02% 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.
Amicorp FS (UK)'s Net-Net Working Capital for the quarter that ended in Dec. 2025 was $0.02.
The industry rank for Amicorp FS (UK)'s Net-Net Working Capital or its related term are showing as below:
LSE:AMIF's Price-to-Net-Net-Working-Capital is ranked worse than 82.02% of 484
companies
in the Asset Management industry
Industry Median: 6.71
vs LSE:AMIF: 41.25
Amicorp FS (UK) (LSE:AMIF) 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.
Amicorp FS (UK) Net-Net Working Capital Related Terms
Amicorp FS (UK) Net-Net Working Capital Historical Data
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The historical data trend for Amicorp FS (UK)'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.
LSE:AMIF vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, Amicorp FS (UK)'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.
Amicorp FS (UK) Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Amicorp FS (UK)'s Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Amicorp FS (UK)'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 $0.02 mean?
Amicorp FS (UK) (LSE:AMIF) has a Net-Net Working Capital of $0.02 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 Amicorp FS (UK) According to the industry distribution chart, Amicorp FS (UK) ranks #397 out of 484 companies in the Asset Management industry, placing it in the top 82%.
Is Amicorp FS (UK)'s Net-Net Working Capital too high?
Amicorp FS (UK)'s current Net-Net Working Capital is $0.02. The Asset Management industry median Net-Net Working Capital is 6.71. Amicorp FS (UK)'s value of $0.02 is 99.7% below this industry median. Based on the distribution chart, Amicorp FS (UK) ranks #397 out of 484 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Amicorp FS (UK) has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amicorp FS (UK)'s Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, Amicorp FS (UK) ranks #397 out of 484 companies for Net-Net Working Capital. This places Amicorp FS (UK) in the lower half of its industry. The industry median Net-Net Working Capital is 6.71. Amicorp FS (UK)'s value of $0.02 is 99.7% below this benchmark. 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 an Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 6.71, based on 484 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. Amicorp FS (UK)'s current Net-Net Working Capital of $0.02 is 99.7% below the industry median. 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 Amicorp FS (UK) For the Asset Management industry, the median Net-Net Working Capital is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amicorp FS (UK)'s current Net-Net Working Capital is $0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amicorp FS (UK) stock overvalued right now?
Based on GuruFocus' analysis, Amicorp FS (UK) (LSE:AMIF) is currently considered Significantly Undervalued. The stock's GF Value™ is $1.93, compared to a current price of $0.83 — trading 57.3% below its estimated fair value. The current Net-Net Working Capital is $0.02 and 99.7% below the Asset Management industry median of 6.71. Amicorp FS (UK)'s overall GF Score™ is 64/100 with 3 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 Amicorp FS (UK) (LSE:AMIF), the current Net-Net Working Capital is $0.02 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.
Is Amicorp FS (UK) (LSE:AMIF) Overvalued in 2026?
Based on GuruFocus' analysis, Amicorp FS (UK) stock appears to be undervalued.
The current stock price of $0.83 is trading 57.3% below its estimated GF Value™ of $1.93.
GuruFocus considers Amicorp FS (UK) to be Significantly Undervalued.
Key valuation signals for LSE:AMIF:
Net-Net Working Capital: $0.02
GF Value™: $1.93 vs. price of $0.83 (57.3% below fair value)
Industry Position: 99.7% below the Asset Management median (#397 of 484)
No single metric tells the full story. See the LSE:AMIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Amicorp FS (UK) PLC is an international specialist fund services group that works with a broad mix of clients including institutional investors, fund managers (private equity, venture capital and hedge funds) as well as family offices to provide a suite of specialist services across markets. It provides fund administration services, regulatory reporting, fiduciary services and multi-faceted business support alternatives for hedge funds, private equity funds and family offices investing in listed or unlisted equities, financial instruments, projects, real estate and various asset classes locally or globally. It also offers administration and fiduciary services to special purpose vehicles associated with fund structures or entities with passive investment on financial instruments.
64GF Score
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