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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.
SAU:6010's Price-to-Net-Net-Working-Capital is ranked better than 52.29% of 654
companies
in the Consumer Packaged Goods industry
Industry Median: 6.75
vs SAU:6010: 6.16
National Agriculture Development Co (SAU:6010) 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.
National Agriculture Development Co Net-Net Working Capital Related Terms
National Agriculture Development Co 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.
National Agriculture Development Co Net-Net Working Capital Chart
SAU:6010 vs KHC, GIS: Net-Net Working Capital Comparison
For the Packaged Foods subindustry, National Agriculture Development Co'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.
National Agriculture Development Co Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, National Agriculture Development Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where National Agriculture Development Co'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 ﷼2.42 mean?
National Agriculture Development Co (SAU:6010) has a Net-Net Working Capital of ﷼2.42 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 National Agriculture Development Co According to the industry distribution chart, National Agriculture Development Co ranks #312 out of 654 companies in the Consumer Packaged Goods industry, placing it in the top 47.7%.
Is National Agriculture Development Co's Net-Net Working Capital too high?
National Agriculture Development Co's current Net-Net Working Capital is ﷼2.42. Based on the distribution chart, National Agriculture Development Co ranks #312 out of 654 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, National Agriculture Development Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Agriculture Development Co's Net-Net Working Capital compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, National Agriculture Development Co ranks #312 out of 654 companies for Net-Net Working Capital. This puts National Agriculture Development Co in the upper half of its industry. The industry median Net-Net Working Capital is 6.75. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.75, based on 654 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 National Agriculture Development Co For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Agriculture Development Co's current Net-Net Working Capital is ﷼2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Agriculture Development Co stock overvalued right now?
Based on GuruFocus' analysis, National Agriculture Development Co (SAU:6010) is currently considered Significantly Undervalued. The stock's GF Value™ is ﷼20.69, compared to a current price of ﷼13.92 — trading 32.7% below its estimated fair value. The current Net-Net Working Capital is ﷼2.42. National Agriculture Development Co's overall GF Score™ is 82/100 with 1 warning sign 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 National Agriculture Development Co (SAU:6010), the current Net-Net Working Capital is ﷼2.42 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 National Agriculture Development Co (SAU:6010) Overvalued in 2026?
Based on GuruFocus' analysis, National Agriculture Development Co stock appears to be undervalued.
The current stock price of ﷼13.92 is trading 32.7% below its estimated GF Value™ of ﷼20.69.
GuruFocus considers National Agriculture Development Co to be Significantly Undervalued.
Key valuation signals for SAU:6010:
Net-Net Working Capital: ﷼2.42
GF Value™: ﷼20.69 vs. price of ﷼13.92 (32.7% below fair value)
No single metric tells the full story. See the SAU:6010 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Agriculture Development Co is engaged in agricultural and livestock production, reclamation of agricultural land, food processing, marketing, and distribution of its products. The company operates in three main business segments: Dairy and Foods, Agriculture, and Protein. It generates maximum revenue from the Dairy and Food segment. Its products include dairy, milk, cheese, juices, desserts and other related food. Geographically, it derives the vast majority of its revenue from Saudi Arabia.
82GF Score
Get the complete analysis for SAU:6010
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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