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In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
CST Brands's net current asset value per share for the quarter that ended in Mar. 2017 was $-31.91.
The historical rank and industry rank for CST Brands's Net Current Asset Value or its related term are showing as below:
The historical data trend for CST Brands's Net Current Asset Value 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.
CST Brands Annual Data | |||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||
Net Current Asset Value | Get a 7-Day Free Trial | -0.73 | -12.07 | -26.01 | -29.23 | -33.06 |
CST Brands Quarterly Data | ||||||||||||||||||||
Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | |
Net Current Asset Value | Get a 7-Day Free Trial | -35.66 | -34.80 | -32.77 | -33.06 | -31.91 |
For the Specialty Retail subindustry, CST Brands's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
For the Retail - Cyclical industry and Consumer Cyclical sector, CST Brands's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where CST Brands's Price-to-Net-Current-Asset-Value falls into.
CST Brands's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2016 is calculated as
Net Current Asset Value Per Share | (A: Dec. 2016 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (627 | - | 2581 | - | 550 | - | 0) | / | 75.7491 |
= | -33.06 |
CST Brands's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2017 is calculated as
Net Current Asset Value Per Share | (Q: Mar. 2017 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (642 | - | 2539 | - | 526 | - | 0) | / | 75.9206 |
= | -31.91 |
* 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.
CST Brands (NYSE:CST) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Thank you for viewing the detailed overview of CST Brands's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
David Hrinak | officer: Vice President Operations | 23 KNOLL ROAD, COATESVILLE PA 19320 |
Clayton E Killinger | officer: Executive VP and CFO | 1811 AKSARBEN DRIVE, OMAHA NE 68106 |
Joseph E Reece | director | ONE VALERO WAY, BUILDING D, SUITE 200, SAN ANTONIO TX 78249 |
Steven Stellato | officer: VP and Controller | 645 HAMILTON STREET, SUITE 500, ALLENTOWN PA 18101 |
Alex Miller | director | 1130 WEST WARNER, TEMPE AZ 85284 |
Evan Walker Smith | officer: Vice President and CFO | 3426 HUNTERS CIRCLE, SAN ANTONIO TX 78320 |
Michael H Wargotz | director | AXCESS WORLDWIDE, 515 MADISON AVE., 15TH FLOOR, NEW YORK NY 10022 |
Thomas W Dickson | director | 301 S TRYON STREET, SUITE 1800, CHARLOTTE NC 28282 |
Gerard J Sonnier | officer: SVP, GC and Secretary | 2800 POST OAK BLVD., STE. 2600, HOUSTON TX 77056 |
Jean Bernier | director | P.O. BOX 696000, SAN ANTONIO TX 78269-6000 |
Kimberly S Lubel | director, officer: President and CEO | P.O. BOX 696000, SAN ANTONIO TX 78269-6000 |
Ruben M Escobedo | director | P.O. BOX 696000, SAN ANTONIO TX 78269-6000 |
Donna M Boles | director | 17 MILLSTONE COURT, MORRISTOWN NJ 07960 |
Rocky Dewbre | director | 46 FLORHAM PARK DR., SPRING TX 77379 |
Topper Joseph V. Jr. | director | 702 WEST HAMILTON STREET, SUITE 203, ALLENTOWN PA 18101 |
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