C100 AB (publ) (XSAT:C100) Net-Net Working Capital: kr-2.42 (As of Jun. 2026)

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XSAT:C100 C100 AB (publ) XSAT:C100
73 GF Score
Price kr3.04
GF Value kr3.58
Valuation Modestly Undervalued
! 5 Warning Signs
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What is C100 AB (publ) Net-Net Working Capital?

C100 AB (publ) XSAT:C100 73 Net-Net Working Capital is kr-2.42 as of Jun. 2026. GuruFocus rates XSAT:C100 with a GF Score™ of 73/100 and a GF Value™ of kr3.58 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,227 Software companies, C100 AB (publ) ranks worse than 81499.51% on this metric.

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.

C100 AB (publ)'s Net-Net Working Capital for the quarter that ended in Jun. 2026 was kr-2.42.

The industry rank for C100 AB (publ)'s Net-Net Working Capital or its related term are showing as below:

XSAT:C100's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 6.94
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

C100 AB (publ)  (XSAT:C100) 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.


C100 AB (publ) Net-Net Working Capital Related Terms


C100 AB (publ) Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for C100 AB (publ)'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.

C100 AB (publ) Net-Net Working Capital Chart

C100 AB (publ) Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial -0.29 1.52 0.99 -15.30 -1.20

C100 AB (publ) Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -166.87 -2.89 -1.20 -1.00 -2.42

XSAT:C100 vs IBM, ACN, CTSH: Net-Net Working Capital Comparison

For the Information Technology Services subindustry, C100 AB (publ)'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.


C100 AB (publ) Price-to-Net-Net-Working-Capital vs Software Industry

For the Software industry and Technology sector, C100 AB (publ)'s Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where C100 AB (publ)'s Price-to-Net-Net-Working-Capital falls into.


XSAT:C100
73GF Score
C100 AB (publ) XSAT:C100
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

C100 AB (publ) Net-Net Working Capital Calculation

C100 AB (publ)'s Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.27+0.75 * 0+0.5 * 0-5.151
-0-0)/3.246
=-1.20

C100 AB (publ)'s Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2026 is calculated as

Net-Net Working Capital(Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.708+0.75 * 0+0.5 * 0-12.558
-0-0)/3.246
=-2.42

* 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 kr-2.42 mean?
C100 AB (publ) (XSAT:C100) has a Net-Net Working Capital of kr-2.42 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 C100 AB (publ) According to the industry distribution chart, C100 AB (publ) ranks #999999 out of 1227 companies in the Software industry.
Is C100 AB (publ)'s Net-Net Working Capital too high?
C100 AB (publ)'s current Net-Net Working Capital is kr-2.42. Based on the distribution chart, C100 AB (publ) ranks #999999 out of 1227 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, C100 AB (publ) has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does C100 AB (publ)'s Net-Net Working Capital compare to IBM and ACN?
According to the Software industry distribution chart, C100 AB (publ) ranks #999999 out of 1227 companies for Net-Net Working Capital. This places C100 AB (publ) in the lower half of its industry. The industry median Net-Net Working Capital is 6.94. 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 Software company?
The median Net-Net Working Capital among Software companies is 6.94, based on 1,227 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 C100 AB (publ) For the Software industry, the median Net-Net Working Capital is 6.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C100 AB (publ)'s current Net-Net Working Capital is kr-2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C100 AB (publ) stock overvalued right now?
Based on GuruFocus' analysis, C100 AB (publ) (XSAT:C100) is currently considered Modestly Undervalued. The stock's GF Value™ is kr3.58, compared to a current price of kr3.04 — trading 15.1% below its estimated fair value. The current Net-Net Working Capital is kr-2.42. C100 AB (publ)'s overall GF Score™ is 73/100 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 C100 AB (publ) (XSAT:C100), the current Net-Net Working Capital is kr-2.42 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 C100 AB (publ) (XSAT:C100) Overvalued in 2026?

Based on GuruFocus' analysis, C100 AB (publ) stock appears to be undervalued. The current stock price of kr3.04 is trading 15.1% below its estimated GF Value™ of kr3.58. GuruFocus considers C100 AB (publ) to be Modestly Undervalued.

Key valuation signals for XSAT:C100:

  • Net-Net Working Capital: kr-2.42
  • GF Value™: kr3.58 vs. price of kr3.04 (15.1% below fair value)
  • GF Score™: 73/100 with 5 warning signs

No single metric tells the full story. See the XSAT:C100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


C100 AB (publ) Business Description

Address Artillerigatan 26, Stockholm, SWE, 114 51
Vultus AB is an IT company. The company specializes in the development of digital platforms. The digital solutions consist, for example, of a fertilizer guide for farmers. Based on satellite and weather data, field-specific maps are created for spreading fertilizer, unique to the different needs of each field. Its products comprise of Nitrogen Prescriptions, Crop Specific Plant Health, Water Stress, and Soil Moisture.
73GF Score

Get the complete analysis for XSAT:C100

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr3.04
Price
kr3.58
GF Value