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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.
The industry rank for East African Portland Cement's Net-Net Working Capital or its related term are showing as below:
NAI:PORT's Price-to-Net-Net-Working-Capital is not ranked *
in the Building Materials industry.
Industry Median: 7.14 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
East African Portland Cement (NAI:PORT) 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.
East African Portland Cement Net-Net Working Capital Related Terms
East African Portland Cement 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.
East African Portland Cement Net-Net Working Capital Chart
NAI:PORT vs CRH, MLM, VMC: Net-Net Working Capital Comparison
For the Building Materials subindustry, East African Portland Cement'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.
East African Portland Cement Price-to-Net-Net-Working-Capital vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, East African Portland Cement's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where East African Portland Cement'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 KES-157.23 mean?
East African Portland Cement (NAI:PORT) has a Net-Net Working Capital of KES-157.23 as of Jun. 2024. 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 East African Portland Cement
Is East African Portland Cement's Net-Net Working Capital too high?
East African Portland Cement's current Net-Net Working Capital is KES-157.23. Overall, East African Portland Cement has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does East African Portland Cement's Net-Net Working Capital compare to CRH and MLM?
East African Portland Cement's Net-Net Working Capital of KES-157.23 can be compared against companies in the Building Materials industry. The industry median Net-Net Working Capital is 7.14. 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 Building Materials company?
The median Net-Net Working Capital among Building Materials companies is 7.14, based on 101 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 East African Portland Cement For the Building Materials industry, the median Net-Net Working Capital is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. East African Portland Cement's current Net-Net Working Capital is KES-157.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East African Portland Cement stock overvalued right now?
East African Portland Cement (NAI:PORT) has a current Net-Net Working Capital of KES-157.23. The current Net-Net Working Capital is KES-157.23. East African Portland Cement's overall GF Score™ is 19/100. 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 East African Portland Cement (NAI:PORT), the current Net-Net Working Capital is KES-157.23 as of Jun. 2024. 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.
East African Portland Cement is a Kenya based company engaged in the manufacturing of cement. The company serves many key areas, including housing, education, health, tourism, transport, and communication. Geographically, it operates through the region of the local market of Kenya and the regional market of East Africa, of which the local market of Kenya generates a majority of revenue. Its product portfolio includes PPC, Ordinary Portland Cement (OPC), and Paving Blocks.
19GF Score
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