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Sanlam Kenya (NAI:SLAM) Net-Net Working Capital : KES-142.34 (As of Dec. 2023)


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What is Sanlam Kenya 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.

Sanlam Kenya's Net-Net Working Capital for the quarter that ended in Dec. 2023 was KES-142.34.

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

NAI:SLAM's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 6.46
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sanlam Kenya Net-Net Working Capital Historical Data

The historical data trend for Sanlam Kenya'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.

Sanlam Kenya Net-Net Working Capital Chart

Sanlam Kenya Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -120.07 -137.19 -148.49 -142.34 -154.11

Sanlam Kenya Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Dec24
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 -146.91 -148.49 -149.39 -142.34 -154.11

Competitive Comparison of Sanlam Kenya's Net-Net Working Capital

For the Insurance - Life subindustry, Sanlam Kenya'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.


Sanlam Kenya's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

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

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


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Sanlam Kenya Net-Net Working Capital Calculation

Sanlam Kenya's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(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)
=(2007.596+0+0.75 * 0+0.5 * 0-37244.795
-0-149.471)/229.615
=-154.11

Sanlam Kenya's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(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)
=(2039.29+0+0.75 * 0+0.5 * 0-34668.962
-0-54.454)/229.615
=-142.34

* 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.


Sanlam Kenya  (NAI:SLAM) 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.


Sanlam Kenya Net-Net Working Capital Related Terms

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Sanlam Kenya Business Description

Traded in Other Exchanges
N/A
Address
Sanlam Tower, Waiyaki Way, P.O Box 44041, Westlands, Nairobi, KEN, 00100
Sanlam Kenya PLC is engaged in the underwriting of all classes of long-term and short-term insurance businesses through its subsidiaries. The reporting business segments of the company are Life risk, Life savings, Non-life, and Investments. Life risk contracts provide protection against the risk of premature death, disability or critical illness and, in the case of annuity contracts, extended longevity; Life savings contracts provide both savings and protection; Non-life contracts to corporate and individual customers. The company generates all its revenue from Kenya.

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