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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.
The industry rank for Kein Hing International Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:7199's Price-to-Net-Net-Working-Capital is ranked better than 81% of 1358
companies
in the Industrial Products industry
Industry Median: 8.23
vs XKLS:7199: 2.94
Kein Hing International Bhd (XKLS:7199) 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.
Kein Hing International Bhd Net-Net Working Capital Related Terms
Kein Hing International Bhd 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.
Kein Hing International Bhd Net-Net Working Capital Chart
XKLS:7199 vs CRS, ATI, MLI: Net-Net Working Capital Comparison
For the Metal Fabrication subindustry, Kein Hing International 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.
Kein Hing International Bhd Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kein Hing International Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Kein Hing International 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 RM0.34 mean?
Kein Hing International Bhd (XKLS:7199) has a Net-Net Working Capital of RM0.34 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 Kein Hing International Bhd According to the industry distribution chart, Kein Hing International Bhd ranks #258 out of 1358 companies in the Industrial Products industry, placing it in the top 19%.
Is Kein Hing International Bhd's Net-Net Working Capital too high?
Kein Hing International Bhd's current Net-Net Working Capital is RM0.34. Based on the distribution chart, Kein Hing International Bhd ranks #258 out of 1358 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Kein Hing International Bhd has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kein Hing International Bhd's Net-Net Working Capital compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Kein Hing International Bhd ranks #258 out of 1358 companies for Net-Net Working Capital. This places Kein Hing International Bhd in the top 19% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.23. 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 8.23, based on 1,358 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 Kein Hing International Bhd For the Industrial Products industry, the median Net-Net Working Capital is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kein Hing International Bhd's current Net-Net Working Capital is RM0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kein Hing International Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kein Hing International Bhd (XKLS:7199) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.31, compared to a current price of RM1.00 — trading 23.7% below its estimated fair value. The current Net-Net Working Capital is RM0.34. Kein Hing International Bhd's overall GF Score™ is 70/100 with 1 warning sign 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 Kein Hing International Bhd (XKLS:7199), the current Net-Net Working Capital is RM0.34 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 Kein Hing International Bhd (XKLS:7199) Overvalued in 2026?
Based on GuruFocus' analysis, Kein Hing International Bhd stock appears to be undervalued.
The current stock price of RM1.00 is trading 23.7% below its estimated GF Value™ of RM1.31.
GuruFocus considers Kein Hing International Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:7199:
Net-Net Working Capital: RM0.34
GF Value™: RM1.31 vs. price of RM1.00 (23.7% below fair value)
No single metric tells the full story. See the XKLS:7199 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kein Hing International Bhd is a Malaysia-based investment holding company, whose principal activities include Sheet metal forming, precision machining, component assembly, and the manufacture and sales of gas appliances. The company's operating segment includes Manufacturing, Trading, and Investment Holding. It generates maximum revenue from the Manufacturing segment. The manufacturing segment includes sheet metal forming, precision machining, component assembly, and the manufacture and sale of gas appliances. Geographically, it derives the majority of its revenue from Vietnam and has a presence in Malaysia, America, Europe, Hong Kong, Thailand, Australia, Brazil, and Other Countries.
70GF Score
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