Salungano Group (JSE:SLG) Scaled Net Operating Assets: 0.11 (As of Sep. 2025)


JSE:SLG Salungano Group Ltd JSE:SLG
26 GF Score
Price R0.88
GF Value R0.62
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Salungano Group Scaled Net Operating Assets?

Salungano Group JSE:SLG -12.00% 26 Scaled Net Operating Assets is 0.11 as of Sep. 2025. GuruFocus rates JSE:SLG with a GF Score™ of 26/100 and a GF Value™ of R0.62 (Significantly Overvalued). The stock has 7 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.

Salungano Group's operating assets for the quarter that ended in Sep. 2025 was R3,538 Mil. Salungano Group's operating liabilities for the quarter that ended in Sep. 2025 was R3,135 Mil. Salungano Group's Total Assets for the quarter that ended in Mar. 2025 was R3,573 Mil. Therefore, Salungano Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.11.


Salungano Group Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Salungano Group'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.

Salungano Group Scaled Net Operating Assets Chart

Salungano Group Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.38 0.16 0.14 0.13

Salungano Group Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.17 0.17 0.19 0.14 0.11

JSE:SLG vs CNR: Scaled Net Operating Assets Comparison

For the Thermal Coal subindustry, Salungano Group'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.


Salungano Group Scaled Net Operating Assets vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Salungano Group's Scaled Net Operating Assets distribution charts can be found below:

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


JSE:SLG
26GF Score
Salungano Group Ltd JSE:SLG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Salungano Group 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.

Salungano Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(3511.104-2984.645)/3942.288
=0.13

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3573.118 - 62.014
=3511.104

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3558.315 - 217.621 - 356.049
=2984.645

Salungano Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(3538.014-3135.131)/3573.118
=0.11

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3673.593 - 135.579
=3538.014

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3500.853 - 224.64 - 141.082
=3135.131

* 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 0.11 mean?
Salungano Group (JSE:SLG) has a Scaled Net Operating Assets of 0.11 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Salungano Group and its competitors.
Is Salungano Group's Scaled Net Operating Assets too high?
Salungano Group's current Scaled Net Operating Assets is 0.11. Overall, Salungano Group has a GF Score™ of 26/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salungano Group's Scaled Net Operating Assets compare to CNR?
Salungano Group's Scaled Net Operating Assets of 0.11 can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good Scaled Net Operating Assets depends on the Other Energy Sources 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 Salungano Group and its competitors. Salungano Group's current Scaled Net Operating Assets is 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salungano Group stock overvalued right now?
Based on GuruFocus' analysis, Salungano Group (JSE:SLG) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.62, compared to a current price of R0.88 — trading 41.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.11. Salungano Group's overall GF Score™ is 26/100 with 7 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 Salungano Group (JSE:SLG), the current Scaled Net Operating Assets is 0.11 as of Sep. 2025. 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 Salungano Group (JSE:SLG) Overvalued in 2026?

Based on GuruFocus' analysis, Salungano Group stock appears to be overvalued. The current stock price of R0.88 is trading 41.9% above its estimated GF Value™ of R0.62. GuruFocus considers Salungano Group to be Significantly Overvalued.

Key valuation signals for JSE:SLG:

  • Scaled Net Operating Assets: 0.11
  • GF Value™: R0.62 vs. price of R0.88 (41.9% above fair value)
  • GF Score™: 26/100 with 7 warning signs

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


Salungano Group Business Description

Address 142 Western Service Road, First Floor, Building 10, Woodmead Business Park, Woodmead, Sandton, Johannesburg, GT, ZAF, 2191
Salungano Group Ltd is a South African firm mainly engaged in the mining, processing, sale, and distribution of thermal coal. Along with its subsidiaries, it operates in the following reportable segments: Mining, Trading, Property rental and other, and Investment holding. The majority of its revenue is generated from the Mining segment, which is involved in the exploration, beneficiation, and mining of bituminous coal. The mining operations of the Group are carried out at Elandspruit, Khanyisa, Vanggatfontein, Arnot, and Moabsvelden mining complexes. The Trading segment buys and sells coal to inland customers, and the property rental segment rents property to other segments within the group.
26GF Score

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

R0.88
Price
R0.62
GF Value