Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Nam CheongNCHGF 58 Net-Net Working Capital is $-0.02 as of Jun. 2026. GuruFocus rates NCHGF with a GF Score™ of 58/100 and a GF Value™ of $0.04. The stock has 3 warning signs investors should review. Among 116 Aerospace & Defense companies, Nam Cheong ranks worse than 862068.1% 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.
Nam Cheong's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $-0.02.
The industry rank for Nam Cheong's Net-Net Working Capital or its related term are showing as below:
NCHGF's Price-to-Net-Net-Working-Capital is not ranked *
in the Aerospace & Defense industry.
Industry Median: 10.32 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Nam Cheong (OTCPK:NCHGF) 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.
Nam Cheong Net-Net Working Capital Related Terms
Nam Cheong Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Nam Cheong'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.
NCHGF vs SPCX, GE, RTX: Net-Net Working Capital Comparison
For the Aerospace & Defense subindustry, Nam Cheong'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.
Nam Cheong Price-to-Net-Net-Working-Capital vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Nam Cheong's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nam Cheong'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 $-0.02 mean?
Nam Cheong (NCHGF) has a Net-Net Working Capital of $-0.02 as of Jun. 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 Nam Cheong According to the industry distribution chart, Nam Cheong ranks #999999 out of 116 companies in the Aerospace & Defense industry.
Is Nam Cheong's Net-Net Working Capital too high?
Nam Cheong's current Net-Net Working Capital is $-0.02. Based on the distribution chart, Nam Cheong ranks #999999 out of 116 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Nam Cheong has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Nam Cheong's Net-Net Working Capital compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Nam Cheong ranks #999999 out of 116 companies for Net-Net Working Capital. This places Nam Cheong in the lower half of its industry. The industry median Net-Net Working Capital is 10.32. 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 Aerospace & Defense company?
The median Net-Net Working Capital among Aerospace & Defense companies is 10.32, based on 116 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 Nam Cheong For the Aerospace & Defense industry, the median Net-Net Working Capital is 10.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nam Cheong's current Net-Net Working Capital is $-0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nam Cheong stock overvalued right now?
Nam Cheong (NCHGF) has a current Net-Net Working Capital of $-0.02. The stock's GF Value™ is $0.04, compared to a current price of $0.09 — trading 130% above its estimated fair value. The current Net-Net Working Capital is $-0.02. Nam Cheong's overall GF Score™ is 58/100 with 3 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 Nam Cheong (NCHGF), the current Net-Net Working Capital is $-0.02 as of Jun. 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 Nam Cheong (NCHGF) Overvalued in 2026?
Based on GuruFocus' analysis, Nam Cheong stock appears to be overvalued.
The current stock price of $0.09 is trading 130% above its estimated GF Value™ of $0.04.
Key valuation signals for NCHGF:
Net-Net Working Capital: $-0.02
GF Value™: $0.04 vs. price of $0.09 (130% above fair value)
No single metric tells the full story. See the NCHGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nam Cheong Ltd along is an offshore marine group specializing in the building of offshore support vessels. The company's operating segment includes Shipbuilding; Vessel chartering and others. It generates maximum revenue from the Vessel chartering segment. Geographically, it derives a majority of its revenue from Malaysia. Its fleet comprises Anchor Handling Tug Supply (AHTS) vessels, Platform Supply Vessels (PSV), Accommodation Work Barges (AWB), Maintenance Work Vessels (MWV), Safety Supply Vessels (SSV), and landing crafts, and Fast Crew Boat (FCB).
58GF Score
Get the complete analysis for NCHGF
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NCHGF has been successfully added to your 
