Seligdar PJSC (MIC:SELG) Net-Net Working Capital: ₽-76.73 (As of Sep. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIC:SELG Seligdar PJSC MIC:SELG
17 GF Score
Price ₽36.79
View Full Analysis

What is Seligdar PJSC Net-Net Working Capital?

Seligdar PJSC MIC:SELG -1.18% 17 Net-Net Working Capital is ₽-76.73 as of Sep. 2023. GuruFocus rates MIC:SELG with a GF Score™ of 17/100.

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.

Seligdar PJSC's Net-Net Working Capital for the quarter that ended in Sep. 2023 was ₽-76.73.

The industry rank for Seligdar PJSC's Net-Net Working Capital or its related term are showing as below:

MIC:SELG's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 7.75
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Seligdar PJSC  (MIC:SELG) 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.


Seligdar PJSC Net-Net Working Capital Related Terms


Seligdar PJSC Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Seligdar PJSC'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.

Seligdar PJSC Net-Net Working Capital Chart

Seligdar PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -29.91 -33.57 -47.63 -41.64 -59.87

Seligdar PJSC Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -51.25 -59.87 -20.81 -73.53 -76.73

MIC:SELG vs NEM, AU, RGLD: Net-Net Working Capital Comparison

For the Gold subindustry, Seligdar PJSC'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.


Seligdar PJSC Price-to-Net-Net-Working-Capital vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Seligdar PJSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Seligdar PJSC's Price-to-Net-Net-Working-Capital falls into.


MIC:SELG
17GF Score
Seligdar PJSC MIC:SELG
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seligdar PJSC Net-Net Working Capital Calculation

Seligdar PJSC's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(18746.827+0.75 * 2940.013+0.5 * 34052.989-97778.017
-0-1863.817)/1030.000
=-59.87

Seligdar PJSC's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(9594.083+0.75 * 4678.546+0.5 * 41898.777-111654.622
-0-1428.154)/1030.000
=-76.73

* 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 ₽-76.73 mean?
Seligdar PJSC (MIC:SELG) has a Net-Net Working Capital of ₽-76.73 as of Sep. 2023. 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 Seligdar PJSC
Is Seligdar PJSC's Net-Net Working Capital too high?
Seligdar PJSC's current Net-Net Working Capital is ₽-76.73. Overall, Seligdar PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Seligdar PJSC's Net-Net Working Capital compare to NEM and AU?
Seligdar PJSC's Net-Net Working Capital of ₽-76.73 can be compared against companies in the Metals & Mining industry. The industry median Net-Net Working Capital is 7.75. 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 Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 7.75, based on 1,149 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 Seligdar PJSC For the Metals & Mining industry, the median Net-Net Working Capital is 7.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seligdar PJSC's current Net-Net Working Capital is ₽-76.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seligdar PJSC stock overvalued right now?
Seligdar PJSC (MIC:SELG) has a current Net-Net Working Capital of ₽-76.73. The current Net-Net Working Capital is ₽-76.73. Seligdar PJSC's overall GF Score™ is 17/100. 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 Seligdar PJSC (MIC:SELG), the current Net-Net Working Capital is ₽-76.73 as of Sep. 2023. 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.

Seligdar PJSC Business Description

Address Street 26 Picket, d.12, Republic of Sakha, Aldan ulus, Aldan, RUS, 678900
Seligdar PJSC is a Russian company mainly engaged in the exploration of gold. The company operates in two segments: Drilling, Extraction, processing, and sale of precious metals like gold, silver, and platinoids, and Drilling, Extraction, processing, and sale of non-precious metals like tin and tungsten.
17GF Score

Get the complete analysis for MIC:SELG

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₽36.79
Price