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Bentley Systems (Bentley Systems) Net-Net Working Capital : $-6.96 (As of Mar. 2024)


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What is Bentley Systems Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Bentley Systems's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-6.96.

The industry rank for Bentley Systems's Net-Net Working Capital or its related term are showing as below:

BSY's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.46
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Bentley Systems Net-Net Working Capital Historical Data

The historical data trend for Bentley Systems's Net-Net Working Capital 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.

* Premium members only.

Bentley Systems Net-Net Working Capital Chart

Bentley Systems Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -1.48 -1.91 -6.17 -7.98 -7.25

Bentley Systems Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net-Net Working Capital 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 -7.80 -7.65 -7.45 -7.25 -6.96

Competitive Comparison of Bentley Systems's Net-Net Working Capital

For the Software - Application subindustry, Bentley Systems's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.


Bentley Systems's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Bentley Systems's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Bentley Systems's Price-to-Net-Net-Working-Capital falls into.



Bentley Systems Net-Net Working Capital Calculation

Bentley Systems's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(68.412+0.75 * 293.536+0.5 * 0-2435.868
-0-0.704)/296.266
=-7.25

Bentley Systems's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(141.601+0.75 * 274.477+0.5 * 0-2421.161
-0-0.704)/298.015
=-6.96

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

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.

This is a conservative way of estimating the company's value.


Bentley Systems  (NAS:BSY) Net-Net Working Capital Explanation

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 Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Bentley Systems Net-Net Working Capital Related Terms

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Bentley Systems (Bentley Systems) Business Description

Traded in Other Exchanges
Address
685 Stockton Drive, Exton, PA, USA, 19341
Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation and project, and data management of infrastructure assets. The firm delivers solutions via the cloud, desktop, and hybrid environments. While Bentley is relatively small in comparison with peers like Autodesk, it shines in core specialty areas, like bridge or rail design, as opposed to being more broad-based in its applications. As of fiscal 2022, approximately 58% of revenue is derived from outside the U.S. (with 28% of revenue coming from EMEA and 18% coming from APAC as of fiscal 2022). Bentley's largest end market is the public works and utilities sector, which represents approximately two thirds of revenue.
Executives
Gregory S Bentley director, 10 percent owner, officer: Chairman, CEO & President C/O BENTLEY SYSTEMS INC, 685 STOCKTON RD, EXTON PA 19341
Michael M Campbell officer: Chief Product Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Kirk B. Griswold director 11 TROTTER WAY, COLLEGEVILLE PA 19426
Nicholas Cumins officer: Chief Product Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
David R. Shaman officer: Chief Legal Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Barry J. Bentley director, 10 percent owner C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
David J. Hollister officer: See Remarks C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Brock Ballard officer: Chief Revenue Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Brian F. Hughes director 124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Raymond B. Bentley director, 10 percent owner, officer: Executive Vice President C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Gus Bergsma officer: Chief Revenue Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Keith A. Bentley director, 10 percent owner, officer: Chief Technology Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341
Richard P. Bentley 10 percent owner C/O VIDEORAY LLC, 212 EAST HIGH STREET, POTTSTOWN PA 19464
Spt Invest Management Sarl 10 percent owner 21 RUE EDMOND REUTER, CONTERN N4 5326
Andre Werner officer: Chief Accounting Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON PA 19341