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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.
Matachewan Consolidated Mines (OTCPK:MWCAF) 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.
Matachewan Consolidated Mines Net-Net Working Capital Related Terms
Matachewan Consolidated Mines 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.
Matachewan Consolidated Mines Net-Net Working Capital Chart
MWCAF vs COP, EOG, FANG: Net-Net Working Capital Comparison
For the Oil & Gas E&P subindustry, Matachewan Consolidated Mines'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.
Matachewan Consolidated Mines Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Matachewan Consolidated Mines's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Matachewan Consolidated Mines'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 $0.22 mean?
Matachewan Consolidated Mines (MWCAF) has a Net-Net Working Capital of $0.22 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 Matachewan Consolidated Mines According to the industry distribution chart, Matachewan Consolidated Mines ranks #16 out of 193 companies in the Oil & Gas industry, placing it in the top 8.3%.
Is Matachewan Consolidated Mines' Net-Net Working Capital too high?
Matachewan Consolidated Mines' current Net-Net Working Capital is $0.22. The Oil & Gas industry median Net-Net Working Capital is 6.22. Matachewan Consolidated Mines' value of $0.22 is 96.5% below this industry median. Based on the distribution chart, Matachewan Consolidated Mines ranks #16 out of 193 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Matachewan Consolidated Mines has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Matachewan Consolidated Mines' Net-Net Working Capital compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Matachewan Consolidated Mines ranks #16 out of 193 companies for Net-Net Working Capital. This places Matachewan Consolidated Mines in the top 8% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.22. Matachewan Consolidated Mines' value of $0.22 is 96.5% 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 Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.22, based on 193 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. Matachewan Consolidated Mines's current Net-Net Working Capital of $0.22 is 96.5% 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 Matachewan Consolidated Mines For the Oil & Gas industry, the median Net-Net Working Capital is 6.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matachewan Consolidated Mines's current Net-Net Working Capital is $0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matachewan Consolidated Mines stock overvalued right now?
Based on GuruFocus' analysis, Matachewan Consolidated Mines (MWCAF) is currently considered Possible Value Trap. The stock's GF Value™ is $16.13, compared to a current price of $0.24 — trading 98.5% below its estimated fair value. The current Net-Net Working Capital is $0.22 and 96.5% below the Oil & Gas industry median of 6.22. Matachewan Consolidated Mines' overall GF Score™ is 66/100 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 Matachewan Consolidated Mines (MWCAF), the current Net-Net Working Capital is $0.22 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 Matachewan Consolidated Mines (MWCAF) Overvalued in 2026?
Based on GuruFocus' analysis, Matachewan Consolidated Mines stock appears to be undervalued.
The current stock price of $0.24 is trading 98.5% below its estimated GF Value™ of $16.13.
GuruFocus considers Matachewan Consolidated Mines to be Possible Value Trap.
Key valuation signals for MWCAF:
Net-Net Working Capital: $0.22
GF Value™: $16.13 vs. price of $0.24 (98.5% below fair value)
Industry Position: 96.5% below the Oil & Gas median (#16 of 193)
No single metric tells the full story. See the MWCAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Address130 Adelaide Street West, Suite 1703, Box 18 - Richmond Adelaide Centre, Toronto, ON, CAN, M5H 3P5
Matachewan Consolidated Mines Ltd has an investment in petroleum interests that it does not operate, as well as direct and indirect interests in mineral properties located in Canada.
66GF Score
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