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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.
SHSE:600558's Price-to-Net-Net-Working-Capital is ranked worse than 66.36% of 1311
companies
in the Industrial Products industry
Industry Median: 8.35
vs SHSE:600558: 14.38
Atlantic China Welding Consumables (SHSE:600558) 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.
Atlantic China Welding Consumables Net-Net Working Capital Related Terms
Atlantic China Welding Consumables 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.
Atlantic China Welding Consumables Net-Net Working Capital Chart
SHSE:600558 vs GEV, ETN, PH: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Atlantic China Welding Consumables'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.
Atlantic China Welding Consumables Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Atlantic China Welding Consumables's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Atlantic China Welding Consumables'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 ¥0.34 mean?
Atlantic China Welding Consumables (SHSE:600558) has a Net-Net Working Capital of ¥0.34 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 Atlantic China Welding Consumables According to the industry distribution chart, Atlantic China Welding Consumables ranks #870 out of 1311 companies in the Industrial Products industry, placing it in the top 66.4%.
Is Atlantic China Welding Consumables' Net-Net Working Capital too high?
Atlantic China Welding Consumables' current Net-Net Working Capital is ¥0.34. Based on the distribution chart, Atlantic China Welding Consumables ranks #870 out of 1311 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Atlantic China Welding Consumables has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Atlantic China Welding Consumables' Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Atlantic China Welding Consumables ranks #870 out of 1311 companies for Net-Net Working Capital. This places Atlantic China Welding Consumables in the lower half of its industry. The industry median Net-Net Working Capital is 8.35. 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 Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.35, based on 1,311 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 Atlantic China Welding Consumables For the Industrial Products industry, the median Net-Net Working Capital is 8.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atlantic China Welding Consumables's current Net-Net Working Capital is ¥0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlantic China Welding Consumables stock overvalued right now?
Based on GuruFocus' analysis, Atlantic China Welding Consumables (SHSE:600558) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.82, compared to a current price of ¥4.89 — trading 1.5% above its estimated fair value. The current Net-Net Working Capital is ¥0.34. Atlantic China Welding Consumables' overall GF Score™ is 75/100. 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 Atlantic China Welding Consumables (SHSE:600558), the current Net-Net Working Capital is ¥0.34 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 Atlantic China Welding Consumables (SHSE:600558) Overvalued in 2026?
Based on GuruFocus' analysis, Atlantic China Welding Consumables stock appears to be overvalued.
The current stock price of ¥4.89 is trading 1.5% above its estimated GF Value™ of ¥4.82.
GuruFocus considers Atlantic China Welding Consumables to be Fairly Valued.
Key valuation signals for SHSE:600558:
Net-Net Working Capital: ¥0.34
GF Value™: ¥4.82 vs. price of ¥4.89 (1.5% above fair value)
No single metric tells the full story. See the SHSE:600558 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atlantic China Welding Consumables Inc is a welding consumable manufactory in China. The company's product consists of welding rods (carbon steel welding rods, low alloy steel welding rods, stainless steel welding rods, cladding welding rods, cast iron welding rods, nickel and nickel alloy welding rods, copper and copper alloy welding rods), welding wires (solid welding wires for gas shielded welding of MAG, MIG and TIG, flux-cored welding wires, non-ferrous metal welding wires, and submerged arc welding wires), and fluxes (various smelting and sintering fluxes for submerged arc welding and electro slag welding) with more than 700 varieties in three series.
75GF Score
Get the complete analysis for SHSE:600558
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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