Hudaco Industries (JSE:HDC) Scaled Net Operating Assets: 0.73 (As of May. 2026)


JSE:HDC Hudaco Industries Ltd JSE:HDC
89 GF Score
Price R189.96
GF Value R199.93
Valuation Fairly Valued
View Full Analysis

What is Hudaco Industries Scaled Net Operating Assets?

Hudaco Industries JSE:HDC +1.31% 89 Scaled Net Operating Assets is 0.73 as of May. 2026. GuruFocus rates JSE:HDC with a GF Score™ of 89/100 and a GF Value™ of R199.93 (Fairly Valued).

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

Hudaco Industries's operating assets for the quarter that ended in May. 2026 was R6,308 Mil. Hudaco Industries's operating liabilities for the quarter that ended in May. 2026 was R1,392 Mil. Hudaco Industries's Total Assets for the quarter that ended in Nov. 2025 was R6,727 Mil. Therefore, Hudaco Industries's scaled net operating assets (SNOA) for the quarter that ended in May. 2026 was 0.73.


Hudaco Industries Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hudaco Industries'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.

Hudaco Industries Scaled Net Operating Assets Chart

Hudaco Industries Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.79 0.84 0.70 0.78

Hudaco Industries Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 0.74 0.73 0.81 0.71 0.73

JSE:HDC vs GWW, FAST, FERG: Scaled Net Operating Assets Comparison

For the Industrial Distribution subindustry, Hudaco Industries'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.


Hudaco Industries Scaled Net Operating Assets vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Hudaco Industries's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Hudaco Industries's Scaled Net Operating Assets falls into.


JSE:HDC
89GF Score
Hudaco Industries Ltd JSE:HDC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hudaco Industries 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.

Hudaco Industries's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2025 )
=(Operating Assets (A: Nov. 2025 )-Operating Liabilities (A: Nov. 2025 ))/Total Assets (A: Nov. 2024 )
=(6374.779-1489.817)/6228.174
=0.78

where

Operating Assets(A: Nov. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6727.253 - 352.474
=6374.779

Operating Liabilities(A: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2827.587 - 1008.414 - 329.356
=1489.817

Hudaco Industries's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: May. 2026 )
=(Operating Assets (Q: May. 2026 )-Operating Liabilities (Q: May. 2026 ))/Total Assets (Q: Nov. 2025 )
=(6308-1392)/6727.253
=0.73

where

Operating Assets(Q: May. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6522 - 214
=6308

Operating Liabilities(Q: May. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2686 - 1075 - 219
=1392

* 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 0.73 mean?
Hudaco Industries (JSE:HDC) has a Scaled Net Operating Assets of 0.73 as of May. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hudaco Industries and its competitors.
Is Hudaco Industries' Scaled Net Operating Assets too high?
Hudaco Industries' current Scaled Net Operating Assets is 0.73. Overall, Hudaco Industries has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hudaco Industries' Scaled Net Operating Assets compare to GWW and FAST?
Hudaco Industries' Scaled Net Operating Assets of 0.73 can be compared against companies in the Industrial Distribution 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 an Industrial Distribution company?
A good Scaled Net Operating Assets depends on the Industrial Distribution 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 Hudaco Industries and its competitors. Hudaco Industries's current Scaled Net Operating Assets is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hudaco Industries stock overvalued right now?
Based on GuruFocus' analysis, Hudaco Industries (JSE:HDC) is currently considered Fairly Valued. The stock's GF Value™ is R199.93, compared to a current price of R189.96 — trading 5% below its estimated fair value. The current Scaled Net Operating Assets is 0.73. Hudaco Industries' overall GF Score™ is 89/100. 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 Hudaco Industries (JSE:HDC), the current Scaled Net Operating Assets is 0.73 as of May. 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 Hudaco Industries (JSE:HDC) Overvalued in 2026?

Based on GuruFocus' analysis, Hudaco Industries stock appears to be undervalued. The current stock price of R189.96 is trading 5% below its estimated GF Value™ of R199.93. GuruFocus considers Hudaco Industries to be Fairly Valued.

Key valuation signals for JSE:HDC:

  • Scaled Net Operating Assets: 0.73
  • GF Value™: R199.93 vs. price of R189.96 (5% below fair value)
  • GF Score™: 89/100

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


Hudaco Industries Business Description

Address Emerald Boulevard, Greenstone Hill, Building 9, 1st Floor, Greenstone Hill Office Park, Edenvale, GT, ZAF, 1609
Hudaco Industries Ltd is engaged in importing and distributing branded automotive, industrial and electrical consumable products. The company operates in two business segment such as Consumer-related product segment which includes power tools, security equipment, communication equipment, automotive and batteries, and Engineering consumables segment which consist of bearings, diesel engines and spares, and power transmission. It generates maximum revenue from Engineering consumables segment. Geographically, it derives a majority of revenue from South Africa.
89GF Score

Get the complete analysis for JSE:HDC

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

R189.96
Price
R199.93
GF Value