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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.
SFDMY's Price-to-Net-Net-Working-Capital is ranked worse than 61.45% of 537
companies
in the Semiconductors industry
Industry Median: 11.89
vs SFDMY: 16.64
Shanghai Fudan Microelectronics Group Co (OTCPK:SFDMY) 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.
Shanghai Fudan Microelectronics Group Co Net-Net Working Capital Related Terms
Shanghai Fudan Microelectronics Group 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.
Shanghai Fudan Microelectronics Group Co Net-Net Working Capital Chart
Shanghai Fudan Microelectronics Group Co Annual Data
SFDMY vs NVDA, AVGO, MU: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Shanghai Fudan Microelectronics Group 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.
Shanghai Fudan Microelectronics Group Co Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Shanghai Fudan Microelectronics Group Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Shanghai Fudan Microelectronics Group 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 $5.87 mean?
Shanghai Fudan Microelectronics Group Co (SFDMY) has a Net-Net Working Capital of $5.87 as of Dec. 2025. 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 Shanghai Fudan Microelectronics Group Co According to the industry distribution chart, Shanghai Fudan Microelectronics Group Co ranks #330 out of 537 companies in the Semiconductors industry, placing it in the top 61.5%.
Is Shanghai Fudan Microelectronics Group Co's Net-Net Working Capital too high?
Shanghai Fudan Microelectronics Group Co's current Net-Net Working Capital is $5.87. The Semiconductors industry median Net-Net Working Capital is 11.89. Shanghai Fudan Microelectronics Group Co's value of $5.87 is 50.6% below this industry median. Based on the distribution chart, Shanghai Fudan Microelectronics Group Co ranks #330 out of 537 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Shanghai Fudan Microelectronics Group Co has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does Shanghai Fudan Microelectronics Group Co's Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Shanghai Fudan Microelectronics Group Co ranks #330 out of 537 companies for Net-Net Working Capital. This places Shanghai Fudan Microelectronics Group Co in the lower half of its industry. The industry median Net-Net Working Capital is 11.89. Shanghai Fudan Microelectronics Group Co's value of $5.87 is 50.6% below this benchmark. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.89, based on 537 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. Shanghai Fudan Microelectronics Group Co's current Net-Net Working Capital of $5.87 is 50.6% below the industry median. 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 Shanghai Fudan Microelectronics Group Co For the Semiconductors industry, the median Net-Net Working Capital is 11.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Fudan Microelectronics Group Co's current Net-Net Working Capital is $5.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Fudan Microelectronics Group Co stock overvalued right now?
Shanghai Fudan Microelectronics Group Co (SFDMY) has a current Net-Net Working Capital of $5.87. The stock's GF Value™ is $47.39, compared to a current price of $49.75 — trading 5% above its estimated fair value. The current Net-Net Working Capital is $5.87 and 50.6% below the Semiconductors industry median of 11.89. Shanghai Fudan Microelectronics Group Co's overall GF Score™ is 96/100 with 5 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 Shanghai Fudan Microelectronics Group Co (SFDMY), the current Net-Net Working Capital is $5.87 as of Dec. 2025. 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 Shanghai Fudan Microelectronics Group Co (SFDMY) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Fudan Microelectronics Group Co stock appears to be overvalued.
The current stock price of $49.75 is trading 5% above its estimated GF Value™ of $47.39.
Key valuation signals for SFDMY:
Net-Net Working Capital: $5.87
GF Value™: $47.39 vs. price of $49.75 (5% above fair value)
Industry Position: 50.6% below the Semiconductors median (#330 of 537)
No single metric tells the full story. See the SFDMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Fudan Microelectronics Group Co Business Description
Shanghai Fudan Microelectronics Group Co Ltd is a China-based company. Along with its subsidiaries, it is engaged in the design, development, and sale of integrated circuit products; and integrated circuit product testing services. The company is organised into business units based on products and services and has two reportable segments as follows: The design, development and sale of IC products segment (Design segment): Production of security and identification chips, non-volatile memory, smart meter chips, FPGAs, and other chips; and The provision of testing services for the IC products segment (Testing segment): IC chip and IC product testing services.
96GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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