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Vinext SpAMIL:VNXT +0.97%13 Net-Net Working Capital is €-0.52 as of Dec. 2025. GuruFocus rates MIL:VNXT with a GF Score™ of 13/100. The stock has 5 warning signs investors should review. Among 589 Chemicals companies, Vinext SpA ranks worse than 169779.12% 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.
Vinext SpA's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €-0.52.
The industry rank for Vinext SpA's Net-Net Working Capital or its related term are showing as below:
MIL:VNXT's Price-to-Net-Net-Working-Capital is not ranked *
in the Chemicals industry.
Industry Median: 7.53 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Vinext SpA (MIL:VNXT) 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.
Vinext SpA Net-Net Working Capital Related Terms
Vinext SpA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Vinext SpA'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.
Vinext SpA Net-Net Working Capital Chart
Vinext SpA Annual Data
Trend
Dec23
Dec24
Dec25
Net-Net Working Capital
-0.60
-0.95
-0.52
Vinext SpA Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Net-Net Working Capital
-0.60
0.00
-0.95
-0.73
-0.52
MIL:VNXT vs LIN, SHW, ECL: Net-Net Working Capital Comparison
For the Specialty Chemicals subindustry, Vinext SpA'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.
Vinext SpA Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Vinext SpA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Vinext SpA'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 €-0.52 mean?
Vinext SpA (MIL:VNXT) has a Net-Net Working Capital of €-0.52 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 Vinext SpA According to the industry distribution chart, Vinext SpA ranks #999999 out of 589 companies in the Chemicals industry.
Is Vinext SpA's Net-Net Working Capital too high?
Vinext SpA's current Net-Net Working Capital is €-0.52. Based on the distribution chart, Vinext SpA ranks #999999 out of 589 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Vinext SpA has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Vinext SpA's Net-Net Working Capital compare to LIN and SHW?
According to the Chemicals industry distribution chart, Vinext SpA ranks #999999 out of 589 companies for Net-Net Working Capital. This places Vinext SpA in the lower half of its industry. The industry median Net-Net Working Capital is 7.53. 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 7.53, based on 589 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 Vinext SpA For the Chemicals industry, the median Net-Net Working Capital is 7.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinext SpA's current Net-Net Working Capital is €-0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinext SpA stock overvalued right now?
Vinext SpA (MIL:VNXT) has a current Net-Net Working Capital of €-0.52. The current Net-Net Working Capital is €-0.52. Vinext SpA's overall GF Score™ is 13/100 with 5 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 Vinext SpA (MIL:VNXT), the current Net-Net Working Capital is €-0.52 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.
Vinext SpA is engaged in research, to provide solutions to the winemaking production chain , in terms of environmental impact, energy resources, water savings and management, and reduction of polluting emissions. It offers the agri-food sector solutions and customized consulting services for the recovery/reuse of process and washing water, the treatment of wastewater before discharge into the mains or surface water bodies, the sequestration and recovery of CO2 produced during processing, and the creation of soil improvers, fertilizers, and high-value natural compounds from production waste. The company's business units involve: Wine Products; Cleaning Sanitization, Ozone Engineering and Technology; and Agro.
13GF Score
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