Weekly Screens

Net-nets In The Market (4th September 2021)

Discover this week's net-nets.

Overview

  • Learn about Graham’s net-net strategy here.
  • Chinese companies were excluded to reduce the likelihood of accounting inconsistencies and outright fraud.
  • Financial companies and those with no revenue were excluded.
  • Companies with market caps exceeding $1 billion were excluded.
  • Markets analysed: U.S., Japan, UK, Germany, Switzerland, Italy, Netherlands, France.
  • Zero net-nets were found in Germany, Italy, and Switzerland.
  • Total net-nets found across all analysed markets was 59.
  • Japan had the most net-nets, at 52.
  • Stock prices are given for Japanese net-nets. That’s because exchanges here require a minimum of 100 shares to be bought (1 lot), which can get expensive. I personally buy the cheapest ones with the highest discount to NCAV.

Japan

TickerDescriptionStock Price (JPY)P/NCAV
4764NEXUS BANK CO LTD1380.37
6416KATSURAGAWA ELECTRIC CO6460.38
3600FUJIX LTD15810.41
8046MARUFUJI SHEET PILING CO20470.45
6142FUJI SEIKO LIMITED13200.47
4957YASUHARA CHEMICAL CO5490.47
8152SOMAR CORPORATION18550.49
6943NKK SWITCHES CO LTD42800.50
7922SANKO SANGYO CO3390.50
6303SASAKURA ENGINEERING CO25800.50
6390KATO WORKS CO LTD9160.51
6964SANKO CO LTD4740.53
7537MARUBUN CORP7850.53
6794FOSTER ELECTRIC CO9300.53
5921KAWAGISHI BRIDGE WORKS CO LTD30000.54
3504MARUHACHI HOLDINGS CO LTD7860.54
7887NANKAI PLYWOOD CO55500.54
2917OHMORIYA CO LTD8160.56
8139NAGAHORI CORP1780.56
8249TECHNO ASSOCIE CO10530.56
7427ECHO TRADING CO6360.56
6804HOSIDEN CORP9470.57
7422TOHO LAMAC CO30200.57
9885CHARLE CO LTD4920.57
2055NICHIWA SANGYO CO3240.58
9995GLOSEL CO LTD4230.59
6927HELIOS TECHNO HOLDING CO LTD3280.59
5900DAIKEN CO LTD7130.59
6249GAMECARD-JOYCO HLDGS INC12550.59
5979KANESO CO. LTD.41100.59
6496NAKAKITA SEISAKUSHO26750.59
7758SEKONIC CORPORATION10360.60
3808O K W A V E2660.60
7314ODAWARA AUTO-MACHINE MFG CO LTD5590.60
6986FUTABA CORP8060.61
7235TOKYO RADIATOR MFG CO6050.62
9967SAKAI TRADING CO21900.63
1793OHMOTO GUMI CO57800.63
5461CHUBU STEEL PLATE CO. LTD.8240.63
3952CHUOH PACK INDUSTRY CO. LTD.11180.63
6916I-O DATA DEVICE INC9170.63
5956TOSO CO LTD5320.64
6346KIKUKAWA ENTERPRISE INC39100.64
1905TENOX CORP8620.64
7467HAGIWARA ELECTRIC HLDS CO LTD23380.65
7399NANSIN CO LTD5730.65
6771IKEGAMI TSUSHINKI CO7890.65
8013NAIGAI CO LTD3540.66
6715NAKAYO INC14120.66
5449OSAKA STEEL CO LTD12320.66
6022AKASAKA DIESELS16400.67
5983IWABUCHI CORP56800.67

France

TickerDescriptionP/NCAV
MLMGLMAGILLEM0.38
MLBATBATLA MINERALS0.39
ALCYBCYBERGUN0.29
ALCOFCOFIDUR0.63

U.S.A.

TickerDescriptionP/NCAV
NVFYNova Lifestyle, Inc0.49
ENZNEnzon Pharmaceuticals, Inc.0.64

U.K.

TickerDescriptionP/NCAV
SCHOSCHOLIUM GROUP PLC ORD 1P0.53

Netherlands

TickerDescriptionP/NCAV
DGBDGB GROUP N.V.0.38

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