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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.
Wellspire Holdings Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM0.06.
The industry rank for Wellspire Holdings Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0271's Price-to-Net-Net-Working-Capital is ranked worse than 67.09% of 79
companies
in the Retail - Defensive industry
Industry Median: 5.26
vs XKLS:0271: 10.75
Wellspire Holdings Bhd (XKLS:0271) 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.
Wellspire Holdings Bhd Net-Net Working Capital Related Terms
Wellspire Holdings Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Wellspire Holdings Bhd'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.
Wellspire Holdings Bhd Net-Net Working Capital Chart
XKLS:0271 vs SYY, USFD, PFGC: Net-Net Working Capital Comparison
For the Food Distribution subindustry, Wellspire Holdings Bhd'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.
Wellspire Holdings Bhd Price-to-Net-Net-Working-Capital vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Wellspire Holdings Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Wellspire Holdings Bhd'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 RM0.06 mean?
Wellspire Holdings Bhd (XKLS:0271) has a Net-Net Working Capital of RM0.06 as of Mar. 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 Wellspire Holdings Bhd According to the industry distribution chart, Wellspire Holdings Bhd ranks #53 out of 79 companies in the Retail - Defensive industry, placing it in the top 67.1%.
Is Wellspire Holdings Bhd's Net-Net Working Capital too high?
Wellspire Holdings Bhd's current Net-Net Working Capital is RM0.06. Based on the distribution chart, Wellspire Holdings Bhd ranks #53 out of 79 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Wellspire Holdings Bhd has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wellspire Holdings Bhd's Net-Net Working Capital compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Wellspire Holdings Bhd ranks #53 out of 79 companies for Net-Net Working Capital. This places Wellspire Holdings Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 5.26. 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 Retail - Defensive company?
The median Net-Net Working Capital among Retail - Defensive companies is 5.26, based on 79 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 Wellspire Holdings Bhd For the Retail - Defensive industry, the median Net-Net Working Capital is 5.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wellspire Holdings Bhd's current Net-Net Working Capital is RM0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wellspire Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Wellspire Holdings Bhd (XKLS:0271) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.84, compared to a current price of RM0.65 — trading 23.2% below its estimated fair value. The current Net-Net Working Capital is RM0.06. Wellspire Holdings Bhd's overall GF Score™ is 60/100 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 Wellspire Holdings Bhd (XKLS:0271), the current Net-Net Working Capital is RM0.06 as of Mar. 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 Wellspire Holdings Bhd (XKLS:0271) Overvalued in 2026?
Based on GuruFocus' analysis, Wellspire Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.65 is trading 23.2% below its estimated GF Value™ of RM0.84.
GuruFocus considers Wellspire Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:0271:
Net-Net Working Capital: RM0.06
GF Value™: RM0.84 vs. price of RM0.65 (23.2% below fair value)
No single metric tells the full story. See the XKLS:0271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wellspire Holdings Bhd is engaged in the distribution and online retailing of consumer packaged foods. The company's distributed product range includes Sunflower seeds, Other seeds and nuts, and Baked and confectionery products. The group's snack foods are sourced locally from Thailand and imported from China also, the company has privately-owned distribution center is located in the province of Pathum Thani, Thailand. There are two buildings with a combined built-up area, which consist of dry storage facilities & chiller room to store products. Alongside, distribution centre has a professional logistics team to serve the Group's customers throughout Thailand's Central, Northeast, Northern, and Southern regions.
60GF Score
Get the complete analysis for XKLS:0271
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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