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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.
Apollo Food Holdings Bhd's Net-Net Working Capital for the quarter that ended in Apr. 2026 was RM0.86.
The industry rank for Apollo Food Holdings Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:6432's Price-to-Net-Net-Working-Capital is ranked worse than 50.15% of 664
companies
in the Consumer Packaged Goods industry
Industry Median: 6.71
vs XKLS:6432: 6.74
Apollo Food Holdings Bhd (XKLS:6432) 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.
Apollo Food Holdings Bhd Net-Net Working Capital Related Terms
Apollo Food Holdings Bhd Net-Net Working Capital Historical Data
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The historical data trend for Apollo Food 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.
Apollo Food Holdings Bhd Net-Net Working Capital Chart
XKLS:6432 vs MDLZ, HSY, TR: Net-Net Working Capital Comparison
For the Confectioners subindustry, Apollo Food 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.
Apollo Food Holdings Bhd Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Apollo Food Holdings Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Apollo Food 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 RM0.86 mean?
Apollo Food Holdings Bhd (XKLS:6432) has a Net-Net Working Capital of RM0.86 as of Apr. 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 Apollo Food Holdings Bhd According to the industry distribution chart, Apollo Food Holdings Bhd ranks #333 out of 664 companies in the Consumer Packaged Goods industry, placing it in the top 50.2%.
Is Apollo Food Holdings Bhd's Net-Net Working Capital too high?
Apollo Food Holdings Bhd's current Net-Net Working Capital is RM0.86. Based on the distribution chart, Apollo Food Holdings Bhd ranks #333 out of 664 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Apollo Food Holdings Bhd has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Apollo Food Holdings Bhd's Net-Net Working Capital compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Apollo Food Holdings Bhd ranks #333 out of 664 companies for Net-Net Working Capital. This places Apollo Food Holdings Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.71. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.71, based on 664 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 Apollo Food Holdings Bhd For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Food Holdings Bhd's current Net-Net Working Capital is RM0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Food Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Apollo Food Holdings Bhd (XKLS:6432) is currently considered Modestly Undervalued. The stock's GF Value™ is RM6.91, compared to a current price of RM5.80 — trading 16.1% below its estimated fair value. The current Net-Net Working Capital is RM0.86. Apollo Food Holdings Bhd's overall GF Score™ is 88/100 with 2 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 Apollo Food Holdings Bhd (XKLS:6432), the current Net-Net Working Capital is RM0.86 as of Apr. 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 Apollo Food Holdings Bhd (XKLS:6432) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Food Holdings Bhd stock appears to be undervalued.
The current stock price of RM5.80 is trading 16.1% below its estimated GF Value™ of RM6.91.
GuruFocus considers Apollo Food Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:6432:
Net-Net Working Capital: RM0.86
GF Value™: RM6.91 vs. price of RM5.80 (16.1% below fair value)
No single metric tells the full story. See the XKLS:6432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo Food Holdings Bhd is engaged in investment holding and the provision of management services. It is involved in the manufacturing of compound chocolate confectionery products and layer cakes. The company's operating segment includes Investment holding and Manufacturing, marketing and distribution of compound chocolates, chocolate confectionery products, and cakes. It generates maximum revenue from the Manufacturing, marketing and distribution segment. Geographically, it derives a majority of revenue from Malaysia and also has a presence in ASEAN (excluding Malaysia).
88GF Score
Get the complete analysis for XKLS:6432
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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