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Mestek (Mestek) Net-Net Working Capital : $5.72 (As of Sep. 2023)


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What is Mestek 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.

Mestek's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $5.72.

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

MCCK's Price-to-Net-Net-Working-Capital is ranked better than
60.14% of 419 companies
in the Construction industry
Industry Median: 5.5 vs MCCK: 4.02

Mestek Net-Net Working Capital Historical Data

The historical data trend for Mestek'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.

Mestek Net-Net Working Capital Chart

Mestek Annual Data
Trend Dec03 Dec04 Dec05 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.76 3.91 5.48 3.30 6.05

Mestek Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Sep22 Sep23
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 7.11 6.93 7.97 - 5.72

Competitive Comparison of Mestek's Net-Net Working Capital

For the Building Products & Equipment subindustry, Mestek'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.


Mestek's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mestek's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Mestek Net-Net Working Capital Calculation

Mestek's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2017 is calculated as

Net-Net Working Capital(A: Dec. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(51.753+0.75 * 54.657+0.5 * 52.139-72.674
-0-0.858)/7.49072
=6.05

Mestek's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(45.12+0.75 * 72.991+0.5 * 106.329-108.977
-0-0.923)/7.54586
=5.72

* 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.


Mestek  (OTCPK:MCCK) 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.


Mestek Net-Net Working Capital Related Terms

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Mestek (Mestek) Business Description

Traded in Other Exchanges
N/A
Address
260 North Elm Street, Westfield, MA, USA, 1085
Mestek Inc and its subsidiaries operate in two manufacturing business segments: heating, ventilating, and air conditioning equipment (HVAC) including architectural products, and metal forming equipment. The company manufactures its HVAC equipment and metal forming equipment at twelve factory locations and sells through an established distributor, dealer, and manufacturer's representative channels, in the United States and Canada. Geographically, it derives a majority of its revenue from North America and also has a presence in Europe, Asia, Mexico, and the Rest of the World.
Executives
J Nicholas Filler officer: Senior Vice President 455 MATHEWS ROAD, CONWAY MA 01341

Mestek (Mestek) Headlines

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