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PNE Industries (SGX:BDA) Net-Net Working Capital : S$0.47 (As of Mar. 2025)


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What is PNE Industries 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.

PNE Industries's Net-Net Working Capital for the quarter that ended in Mar. 2025 was S$0.47.

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

SGX:BDA's Price-to-Net-Net-Working-Capital is ranked better than
96.43% of 1204 companies
in the Hardware industry
Industry Median: 7.31 vs SGX:BDA: 0.97

PNE Industries Net-Net Working Capital Historical Data

The historical data trend for PNE Industries'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.

PNE Industries Net-Net Working Capital Chart

PNE Industries Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.54 0.54 0.50 0.47

PNE Industries Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 0.52 0.50 0.50 0.47 0.47

Competitive Comparison of PNE Industries's Net-Net Working Capital

For the Electronic Components subindustry, PNE Industries'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.


PNE Industries's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, PNE Industries's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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PNE Industries Net-Net Working Capital Calculation

PNE Industries's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2024 is calculated as

Net-Net Working Capital(A: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(24.802+0.75 * 21.957+0.5 * 25.294-14.482
-0-0)/83.917
=0.47

PNE Industries's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(23.098+0.75 * 23.869+0.5 * 24.238-14.089
-0-0)/83.917
=0.47

* 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.


PNE Industries  (SGX:BDA) 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.


PNE Industries Net-Net Working Capital Related Terms

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PNE Industries Business Description

Traded in Other Exchanges
N/A
Address
996 Bendemeer Road, No. 07-06, Singapore, SGP, 339944
PNE Industries Ltd is an investment holding company and provision of management services. Its business operates in two segments. The Contract Manufacturing segment includes the manufacturing of electronic controllers and other electrical and electronic products. The Trading segment operates in the manufacturing and trading of emergency lighting equipment and related products. The Contract Manufacturing segment generates maximum revenue for the company. Geographically the company exports its products to Romania, the Netherlands, Singapore, Europe, the People's Republic of China, Malaysia, and Other regions.

PNE Industries Headlines

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