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Etablissements Maurel & Prom (XPAR:MAU) Net-Net Working Capital : €-2.55 (As of Dec. 2023)


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What is Etablissements Maurel & Prom 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.

Etablissements Maurel & Prom's Net-Net Working Capital for the quarter that ended in Dec. 2023 was €-2.55.

The industry rank for Etablissements Maurel & Prom's Net-Net Working Capital or its related term are showing as below:

XPAR:MAU's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.29
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Etablissements Maurel & Prom Net-Net Working Capital Historical Data

The historical data trend for Etablissements Maurel & Prom'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.

Etablissements Maurel & Prom Net-Net Working Capital Chart

Etablissements Maurel & Prom Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.74 -3.63 -3.47 -2.65 -2.55

Etablissements Maurel & Prom Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -3.47 -3.27 -2.65 -2.60 -2.55

Competitive Comparison of Etablissements Maurel & Prom's Net-Net Working Capital

For the Oil & Gas E&P subindustry, Etablissements Maurel & Prom'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.


Etablissements Maurel & Prom's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Etablissements Maurel & Prom's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Etablissements Maurel & Prom's Price-to-Net-Net-Working-Capital falls into.



Etablissements Maurel & Prom Net-Net Working Capital Calculation

Etablissements Maurel & Prom'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)
=(193.836+0.75 * 90.508+0.5 * 10.22-740.866
-0-32.333)/198.61
=-2.55

Etablissements Maurel & Prom's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(193.836+0.75 * 90.508+0.5 * 10.22-740.866
-0-32.333)/198.61
=-2.55

* 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.


Etablissements Maurel & Prom  (XPAR:MAU) 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.


Etablissements Maurel & Prom Net-Net Working Capital Related Terms

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Etablissements Maurel & Prom (XPAR:MAU) Business Description

Traded in Other Exchanges
Address
51, rue d'Anjou, Paris, FRA, 75008
Etablissements Maurel & Prom is a part of the oil & gas industry in France. It specializes in the extraction and production of hydrocarbons. Its activities are split into three segments, namely Exploration, Production, and Drilling. The production of hydrocarbons being its primary activity generates the bulk of the company's revenues. The Production segment focuses on the production of hydrocarbons in Gabon (oil) and Tanzania. The Drilling segment is known for its ownership of a fleet of drilling rigs. The company's revenue is generated through its activities in Africa.

Etablissements Maurel & Prom (XPAR:MAU) Headlines

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