GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NICO Holdings PLC (MSW:NICO) » Definitions » Net-Net Working Capital

NICO Holdings (MSW:NICO) Net-Net Working Capital : MWK-772.15 (As of Dec. 2022)


View and export this data going back to 1990. Start your Free Trial

What is NICO Holdings Net-Net Working Capital?

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.

NICO Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2022 was MWK-772.15.

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

MSW:NICO's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 6.15
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

NICO Holdings Net-Net Working Capital Historical Data

The historical data trend for NICO Holdings'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.

* Premium members only.

NICO Holdings Net-Net Working Capital Chart

NICO Holdings Annual Data
Trend Dec20 Dec21 Dec22
Net-Net Working Capital
- -665.20 -772.15

NICO Holdings Semi-Annual Data
Dec20 Dec21 Dec22
Net-Net Working Capital - -665.20 -772.15

Competitive Comparison of NICO Holdings's Net-Net Working Capital

For the Insurance - Diversified subindustry, NICO Holdings'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.


NICO Holdings's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, NICO Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



NICO Holdings Net-Net Working Capital Calculation

NICO Holdings'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(81420.877+193875.65+0.75 * 7628.845+0.5 * 0-1035661.174
-0-50736.221)/1043.04
=-772.15

NICO Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2022 is calculated as

Net-Net Working Capital(Q: Dec. 2022 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(81420.877+193875.65+0.75 * 7628.845+0.5 * 0-1035661.174
-0-50736.221)/1043.04
=-772.15

* 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.


NICO Holdings  (MSW:NICO) 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.


NICO Holdings Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of NICO Holdings's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


NICO Holdings Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Chibisa House-19 Glyn Jones Road, PO Box 501, Blantyre, MWI
NICO Holdings PLC is a Malawi based financial service company that operates in diversified business. The company operates in segments including Life Insurance and Pension, General Insurance, Banking, Investment Holding, Asset Management and Information Technology. Its general insurance segment offers personal and commercial insurance covering motor vehicle, building, and road construction, liability, engineering, professional indemnity, marine hull & cargo, fire, and personal accident throughout Malawi, Zambia, Tanzania, and Uganda. While life insurance and pension products including Endowment Assurance are offered in Malawi and Mozambique. Majority of the revenue is earned from the Insurance sector. while its Asset Management and Banking segments are only operated in Malawi.

NICO Holdings Headlines

No Headlines