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Shandong Gold Mining CoSDGMF 71 Net-Net Working Capital is $-3.60 as of Dec. 2024. GuruFocus rates SDGMF with a GF Score™ of 71/100 and a GF Value™ of $5.17 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,183 Metals & Mining companies, Shandong Gold Mining Co ranks worse than 84530.77% 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.
Shandong Gold Mining Co's Net-Net Working Capital for the quarter that ended in Dec. 2024 was $-3.60.
The industry rank for Shandong Gold Mining Co's Net-Net Working Capital or its related term are showing as below:
SDGMF's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 7.5 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Shandong Gold Mining Co (OTCPK:SDGMF) 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.
Shandong Gold Mining Co Net-Net Working Capital Related Terms
Shandong Gold Mining Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Shandong Gold Mining Co'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.
Shandong Gold Mining Co Net-Net Working Capital Chart
SDGMF vs NEM, AU, RGLD: Net-Net Working Capital Comparison
For the Gold subindustry, Shandong Gold Mining 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.
Shandong Gold Mining Co Price-to-Net-Net-Working-Capital vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Shandong Gold Mining Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Shandong Gold Mining 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 $-3.60 mean?
Shandong Gold Mining Co (SDGMF) has a Net-Net Working Capital of $-3.60 as of Dec. 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 Shandong Gold Mining Co According to the industry distribution chart, Shandong Gold Mining Co ranks #999999 out of 1183 companies in the Metals & Mining industry.
Is Shandong Gold Mining Co's Net-Net Working Capital too high?
Shandong Gold Mining Co's current Net-Net Working Capital is $-3.60. Based on the distribution chart, Shandong Gold Mining Co ranks #999999 out of 1183 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Shandong Gold Mining Co has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shandong Gold Mining Co's Net-Net Working Capital compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Shandong Gold Mining Co ranks #999999 out of 1183 companies for Net-Net Working Capital. This places Shandong Gold Mining Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.50. 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 Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 7.50, based on 1,183 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 Shandong Gold Mining Co For the Metals & Mining industry, the median Net-Net Working Capital is 7.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Gold Mining Co's current Net-Net Working Capital is $-3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Gold Mining Co (SDGMF) is currently considered Possible Value Trap. The stock's GF Value™ is $5.17, compared to a current price of $2.69 — trading 48% below its estimated fair value. The current Net-Net Working Capital is $-3.60. Shandong Gold Mining Co's overall GF Score™ is 71/100 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 Shandong Gold Mining Co (SDGMF), the current Net-Net Working Capital is $-3.60 as of Dec. 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.
Is Shandong Gold Mining Co (SDGMF) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Gold Mining Co stock appears to be undervalued.
The current stock price of $2.69 is trading 48% below its estimated GF Value™ of $5.17.
GuruFocus considers Shandong Gold Mining Co to be Possible Value Trap.
Key valuation signals for SDGMF:
Net-Net Working Capital: $-3.60
GF Value™: $5.17 vs. price of $2.69 (48% below fair value)
No single metric tells the full story. See the SDGMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Gold Mining Co Ltd is a China-based company mainly engaged in the exploration, mining, beneficiation, and sales of gold and non-ferrous metals. Additionally, it is involved in the production, processing, and sales of specialized equipment for gold mines and construction and decoration materials. The company's main products include standard gold bullions, investment gold bars, alloy gold, and silver ingots. Its portfolio of gold mines comprises Sanshandao Gold Mine, Jiaojia Gold Mine, Xincheng Gold Mine, Veladero Gold Mine, and Qinghai Dachaidan Mining, among others. The company's reporting segments are: Gold, which derives maximum revenue, Silver metal, Copper metal, Iron ore concentrates, Lead metal, Zinc metal, Purchased gold, Small gold bars, and Others.
71GF Score
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