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Comdisco Holding Co (Comdisco Holding Co) Net-Net Working Capital : $4.91 (As of Sep. 2014)


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What is Comdisco Holding Co 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.

Comdisco Holding Co's Net-Net Working Capital for the quarter that ended in Sep. 2014 was $4.91.

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

CDCO's Price-to-Net-Net-Working-Capital is not ranked *
in the Conglomerates industry.
Industry Median: 6.25
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Comdisco Holding Co Net-Net Working Capital Historical Data

The historical data trend for Comdisco Holding Co'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.

Comdisco Holding Co Net-Net Working Capital Chart

Comdisco Holding Co Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.63 4.96 4.87 4.48 4.91

Comdisco Holding Co Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 4.48 4.38 4.67 4.86 4.91

Competitive Comparison of Comdisco Holding Co's Net-Net Working Capital

For the Conglomerates subindustry, Comdisco Holding Co'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.


Comdisco Holding Co's Price-to-Net-Net-Working-Capital Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Comdisco Holding Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Comdisco Holding Co Net-Net Working Capital Calculation

Comdisco Holding Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2014 is calculated as

Net-Net Working Capital(A: Sep. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(31.992+0.75 * 0+0.5 * 0-12.227
-0-0)/4.02895
=4.91

Comdisco Holding Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2014 is calculated as

Net-Net Working Capital(Q: Sep. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(31.992+0.75 * 0+0.5 * 0-12.227
-0-0)/4.02895
=4.91

* 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.

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.


Comdisco Holding Co  (OTCPK:CDCO) 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.


Comdisco Holding Co Net-Net Working Capital Related Terms

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Comdisco Holding Co (Comdisco Holding Co) Business Description

Traded in Other Exchanges
N/A
Address
Comdisco Holding Company, Inc. was formed on August 8, 2002 for the purpose of selling, collecting or otherwise reducing to money in an orderly manner the remaining assets of the Company and all of its direct and indirect subsidiaries, including Comdisco, Inc. Comdisco emerged from chapter 11 bankruptcy proceedings on August 12, 2002. Prior to the bankruptcy, Comdisco, Inc. provided technology services worldwide to help its customers maximize technology functionality, predictability, and availability, while freeing them from the complexity of managing their technology. Comdisco, Inc. offered leasing to key vertical industries, including semiconductor manufacturing and electronic assembly, healthcare, telecommunications, pharmaceutical, biotechnology and manufacturing. Through its Comdisco Ventures group, Comdisco, Inc. provided equipment leasing and other financing and services to venture capital-backed companies. The Company is engaged in selling, collecting or reducing its remaining assets to money as per its reorganization plan.
Executives
Michael J Leffell 10 percent owner C/O DAVIDSON KEMPNER PARTNERS, 885 THIRD AVE STE 3300, NEW YORK NY 10022
Kempner Partners Davidson 10 percent owner C/O MHD MANAGEMENT CO., 520 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Kempner Thomas L Jr 10 percent owner DAVIDSON KEMPNER CAPITAL MANAGEMENT LP, 520 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Davidson Kempner International, Ltd. 10 percent owner C/O OFFSHORE INCORPORATION LTD, OFFSHORE, INCORPORATION CENTRE, POBOX 957, RD TOWN, TORTOLA D8 00000
Davidson Kempner Institutional Partners, L.p. 10 percent owner C/O DAVIDSON KEMPNER ADVISERS INC., 520 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Anthony Alexander Yoseloff 10 percent owner DAVIDSON KEMPNER CAPITAL MANAGEMENT LP, 520 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
M.h. Davidson & Co. 10 percent owner 885 THIRD AVENUE, SUITE 3300, NEW YORK NY 10022
Stephen M Dowicz 10 percent owner C/O DAVIDSON KEMPNER PARTNERS, 885 THIRD AVE STE 3300, NEW YORK NY 10022
Timothy I Levart 10 percent owner C/O DAVIDSON KEMPNER PARTNERS, 885 THIRD AVE STE 3300, NEW YORK NY 10022
Scott E Davidson 10 percent owner C/O DAVIDSON KEMPNER PARTNERS, 885 THIRD AVE STE 3300, NEW YORK NY 10022
Brivio Robert J Jr 10 percent owner C/O DAVIDSON KEMPNER PARTNERS, 885 THIRD AVE STE 3300, NEW YORK NY 10022
Mhd Management Co 10 percent owner C/O DAVIDSON KEMPNER PARTNERS, 885 THIRD AVE STE 3300, NEW YORK NY 10022
Davidson Kempner Advisers Inc 10 percent owner C/O DAVIDSON KEMPNER PARTNERS, 885 THIRD AVE STE 3300, NEW YORK NY 10022
Davidson Kempner International Advisors Llc 10 percent owner C/O DAVIDSON KEMPNER PARTNERS, 885 THIRD AVE STE 3300, NEW YORK NY 10022
Eric Philip Epstein 10 percent owner C/O M.H. DAVIDSON & CO., L.L.C., 885 THIRD AVENUE, NEW YORK NY 10022

Comdisco Holding Co (Comdisco Holding Co) Headlines

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