Secure Electronic Technology (NSA:NSLTECH) Scaled Net Operating Assets: 1.17 (As of Dec. 2024)


NSA:NSLTECH Secure Electronic Technology PLC NSA:NSLTECH
10 GF Score
Price ₦0.76
GF Value ₦0.36
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Secure Electronic Technology Scaled Net Operating Assets?

Secure Electronic Technology NSA:NSLTECH +1.33% 10 Scaled Net Operating Assets is 1.17 as of Dec. 2024. GuruFocus rates NSA:NSLTECH with a GF Score™ of 10/100 and a GF Value™ of ₦0.36 (Significantly Overvalued). The stock has 1 warning sign investors should review.

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

Secure Electronic Technology's operating assets for the quarter that ended in Dec. 2024 was ₦4,785 Mil. Secure Electronic Technology's operating liabilities for the quarter that ended in Dec. 2024 was ₦907 Mil. Secure Electronic Technology's Total Assets for the quarter that ended in Dec. 2023 was ₦3,329 Mil. Therefore, Secure Electronic Technology's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 1.17.


Secure Electronic Technology Scaled Net Operating Assets Historical Data

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The historical data trend for Secure Electronic Technology'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.

Secure Electronic Technology Scaled Net Operating Assets Chart

Secure Electronic Technology Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Scaled Net Operating Assets
0.75 0.73 0.68 1.17

Secure Electronic Technology Semi-Annual Data
Dec21 Dec22 Dec23 Dec24
Scaled Net Operating Assets 0.75 0.73 0.68 1.17

NSA:NSLTECH vs FLUT, DKNG, SGHC: Scaled Net Operating Assets Comparison

For the Gambling subindustry, Secure Electronic Technology'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.


Secure Electronic Technology Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Secure Electronic Technology's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Secure Electronic Technology's Scaled Net Operating Assets falls into.


NSA:NSLTECH
10GF Score
Secure Electronic Technology PLC NSA:NSLTECH
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Secure Electronic Technology 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.

Secure Electronic Technology's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(4784.907-906.887)/3328.531
=1.17

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4837.563 - 52.656
=4784.907

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=926.887 - 0 - 20
=906.887

Secure Electronic Technology's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Dec. 2023 )
=(4784.907-906.887)/3328.531
=1.17

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4837.563 - 52.656
=4784.907

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=926.887 - 0 - 20
=906.887

* 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 1.17 mean?
Secure Electronic Technology (NSA:NSLTECH) has a Scaled Net Operating Assets of 1.17 as of Dec. 2024. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Secure Electronic Technology and its competitors.
Is Secure Electronic Technology's Scaled Net Operating Assets too high?
Secure Electronic Technology's current Scaled Net Operating Assets is 1.17. Overall, Secure Electronic Technology has a GF Score™ of 10/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Secure Electronic Technology's Scaled Net Operating Assets compare to FLUT and DKNG?
Secure Electronic Technology's Scaled Net Operating Assets of 1.17 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure 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 Secure Electronic Technology and its competitors. Secure Electronic Technology's current Scaled Net Operating Assets is 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secure Electronic Technology stock overvalued right now?
Based on GuruFocus' analysis, Secure Electronic Technology (NSA:NSLTECH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦0.36, compared to a current price of ₦0.76 — trading 111.1% above its estimated fair value. The current Scaled Net Operating Assets is 1.17. Secure Electronic Technology's overall GF Score™ is 10/100 with 1 warning sign 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 Secure Electronic Technology (NSA:NSLTECH), the current Scaled Net Operating Assets is 1.17 as of Dec. 2024. 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 Secure Electronic Technology (NSA:NSLTECH) Overvalued in 2026?

Based on GuruFocus' analysis, Secure Electronic Technology stock appears to be overvalued. The current stock price of ₦0.76 is trading 111.1% above its estimated GF Value™ of ₦0.36. GuruFocus considers Secure Electronic Technology to be Significantly Overvalued.

Key valuation signals for NSA:NSLTECH:

  • Scaled Net Operating Assets: 1.17
  • GF Value™: ₦0.36 vs. price of ₦0.76 (111.1% above fair value)
  • GF Score™: 10/100 with 1 warning sign

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


Secure Electronic Technology Business Description

Address 107, Bamgbose Street, Lagos Island, Lagos, NGA
Secure Electronic Technology PLC is engaged in operating the national lottery in Nigeria. The company's games include 5OF90.
10GF 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.

₦0.76
Price
₦0.36
GF Value