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Igis Neptune Barcelona Holdco (XPAR:MLABC) Net-Net Working Capital : €-16.94 (As of Dec. 2022)


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What is Igis Neptune Barcelona Holdco 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.

Igis Neptune Barcelona Holdco's Net-Net Working Capital for the quarter that ended in Dec. 2022 was €-16.94.

The industry rank for Igis Neptune Barcelona Holdco's Net-Net Working Capital or its related term are showing as below:

XPAR:MLABC's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 14.61
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Igis Neptune Barcelona Holdco Net-Net Working Capital Historical Data

The historical data trend for Igis Neptune Barcelona Holdco'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.

Igis Neptune Barcelona Holdco Net-Net Working Capital Chart

Igis Neptune Barcelona Holdco Annual Data
Trend Dec20 Dec21 Dec22
Net-Net Working Capital
-16.42 -16.76 -16.94

Igis Neptune Barcelona Holdco Semi-Annual Data
Dec20 Dec21 Dec22
Net-Net Working Capital -16.42 -16.76 -16.94

Competitive Comparison of Igis Neptune Barcelona Holdco's Net-Net Working Capital

For the REIT - Industrial subindustry, Igis Neptune Barcelona Holdco'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.


Igis Neptune Barcelona Holdco's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Igis Neptune Barcelona Holdco's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Igis Neptune Barcelona Holdco's Price-to-Net-Net-Working-Capital falls into.



Igis Neptune Barcelona Holdco Net-Net Working Capital Calculation

Igis Neptune Barcelona Holdco's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.143+0.75 * 0+0.5 * 0-88.929
-0-0)/5.00364
=-16.94

Igis Neptune Barcelona Holdco's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2022 is calculated as

Net-Net Working Capital(Q: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.143+0.75 * 0+0.5 * 0-88.929
-0-0)/5.00364
=-16.94

* 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.


Igis Neptune Barcelona Holdco  (XPAR:MLABC) 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.


Igis Neptune Barcelona Holdco Net-Net Working Capital Related Terms

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Igis Neptune Barcelona Holdco (XPAR:MLABC) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Calle Príncipe de Vergara 112, 4th floor, Madrid, ESP, 28002
Igis Neptune Barcelona Holdco is a Spanish company operating under the Sociedad Cotizada de Inversión en el Mercado Inmobiliario tax regime equivalent to real estate investment trusts existing in other jurisdictions. It is involved in the acquisition and promotion of urban real estate for leasing or renovation of buildings.

Igis Neptune Barcelona Holdco (XPAR:MLABC) Headlines

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