Four Seas Mercantile Holdings (HKSE:00374) Scaled Net Operating Assets: 0.62 (As of Mar. 2026)

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HKSE:00374 Four Seas Mercantile Holdings Ltd HKSE:00374
55 GF Score
Price HK$2.50
GF Value HK$2.49
Valuation Fairly Valued
! 5 Warning Signs
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What is Four Seas Mercantile Holdings Scaled Net Operating Assets?

Four Seas Mercantile Holdings HKSE:00374 55 Scaled Net Operating Assets is 0.62 as of Mar. 2026. GuruFocus rates HKSE:00374 with a GF Score™ of 55/100 and a GF Value™ of HK$2.49 (Fairly Valued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Four Seas Mercantile Holdings's operating assets for the quarter that ended in Mar. 2026 was HK$2,443 Mil. Four Seas Mercantile Holdings's operating liabilities for the quarter that ended in Mar. 2026 was HK$499 Mil. Four Seas Mercantile Holdings's Total Assets for the quarter that ended in Sep. 2025 was HK$3,125 Mil. Therefore, Four Seas Mercantile Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.62.


Four Seas Mercantile Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Four Seas Mercantile Holdings's Scaled Net Operating Assets 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.

Four Seas Mercantile Holdings Scaled Net Operating Assets Chart

Four Seas Mercantile Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.56 0.53 0.67 0.61

Four Seas Mercantile Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Scaled Net Operating Assets 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 0.57 0.61 0.67 0.64 0.62

HKSE:00374 vs KHC, GIS: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, Four Seas Mercantile Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


Four Seas Mercantile Holdings Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Four Seas Mercantile Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Four Seas Mercantile Holdings's Scaled Net Operating Assets falls into.


HKSE:00374
55GF Score
Four Seas Mercantile Holdings Ltd HKSE:00374
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Four Seas Mercantile Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Four Seas Mercantile Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(2442.581-498.54)/3172.765
=0.61

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3203.9 - 761.319
=2442.581

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1972.831 - 363.223 - 1111.068
=498.54

Four Seas Mercantile Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(2442.581-498.54)/3125.462
=0.62

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3203.9 - 761.319
=2442.581

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1972.831 - 363.223 - 1111.068
=498.54

* 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.

What does a Scaled Net Operating Assets of 0.62 mean?
Four Seas Mercantile Holdings (HKSE:00374) has a Scaled Net Operating Assets of 0.62 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Four Seas Mercantile Holdings and its competitors.
Is Four Seas Mercantile Holdings' Scaled Net Operating Assets too high?
Four Seas Mercantile Holdings' current Scaled Net Operating Assets is 0.62. Overall, Four Seas Mercantile Holdings has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Four Seas Mercantile Holdings' Scaled Net Operating Assets compare to KHC and GIS?
Four Seas Mercantile Holdings' Scaled Net Operating Assets of 0.62 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Four Seas Mercantile Holdings and its competitors. Four Seas Mercantile Holdings's current Scaled Net Operating Assets is 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Four Seas Mercantile Holdings stock overvalued right now?
Based on GuruFocus' analysis, Four Seas Mercantile Holdings (HKSE:00374) is currently considered Fairly Valued. The stock's GF Value™ is HK$2.49, compared to a current price of HK$2.50 — trading 0.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.62. Four Seas Mercantile Holdings' overall GF Score™ is 55/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Four Seas Mercantile Holdings (HKSE:00374), the current Scaled Net Operating Assets is 0.62 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 Four Seas Mercantile Holdings (HKSE:00374) Overvalued in 2026?

Based on GuruFocus' analysis, Four Seas Mercantile Holdings stock appears to be overvalued. The current stock price of HK$2.50 is trading 0.4% above its estimated GF Value™ of HK$2.49. GuruFocus considers Four Seas Mercantile Holdings to be Fairly Valued.

Key valuation signals for HKSE:00374:

  • Scaled Net Operating Assets: 0.62
  • GF Value™: HK$2.49 vs. price of HK$2.50 (0.4% above fair value)
  • GF Score™: 55/100 with 5 warning signs

No single metric tells the full story. See the HKSE:00374 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Four Seas Mercantile Holdings Business Description

Address No. 41 King Yip Street, 31st Floor, Four Seas Group Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Four Seas Mercantile Holdings Ltd is an investment holding company. The company's geographical segment includes Hong Kong; Mainland China and Japan. The company generates maximum revenue from Hong Kong. The Hong Kong segment is engaged in the operation of restaurants, the manufacture and trading of snack foods, confectionery, beverages, frozen food products, ham and ham-related products and noodles, as well as the retailing of snack foods, confectionery and beverages, and providing catering services in Hong Kong.
55GF Score

Get the complete analysis for HKSE:00374

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

HK$2.50
Price
HK$2.49
GF Value