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Coeur Mining (Coeur Mining) Net-Net Working Capital

: $-2.37 (As of Dec. 2023)
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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.

Coeur Mining's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-2.37.

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

CDE's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 5.5
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Coeur Mining Net-Net Working Capital Historical Data

The historical data trend for Coeur Mining'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.

Coeur Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.44 -2.27 -3.14 -2.66 -2.37

Coeur Mining Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net-Net Working Capital 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 Premium Member Only Premium Member Only Premium Member Only -2.66 -2.35 -2.37 -2.27 -2.37

Competitive Comparison

For the Gold subindustry, Coeur Mining'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.


Coeur Mining Price-to-Net-Net-Working-Capital Distribution

For the Metals & Mining industry and Basic Materials sector, Coeur Mining's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Coeur Mining Net-Net Working Capital Calculation

Coeur Mining'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)
=(61.633+0.75 * 3.858+0.5 * 156.061-1056.945
-0-0)/386.283
=-2.37

Coeur Mining'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)
=(61.633+0.75 * 3.858+0.5 * 156.061-1056.945
-0-0)/386.283
=-2.37

* 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.


Coeur Mining  (NYSE:CDE) 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.


Coeur Mining Net-Net Working Capital Related Terms

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Coeur Mining (Coeur Mining) Business Description

Address
104 South Michigan Avenue, Suite 900, Chicago, IL, USA, 60603
Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, Rochester, Wharf, and Kensington. Its projects are located in the United States, Canada and Mexico, and North America.
Executives
Kenneth J Watkinson officer: VP, Corporate Controller 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
Paramita Das director 200 SOUTH WACKER DRIVE, SUITE 2100, CHICAGO IL 60606
Aoife Mcgrath officer: SVP, Exploration 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
Robert E Mellor director, officer: Chairman (non-executive) SEVEN MADRONE AVE, KENTFIELD CA 94904
Michael Routledge officer: SVP & Chief Operating Officer 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
J Kenneth Thompson director ALASKA AIR GROUP, 19300 PACIFIC HIGHWAY SOUTH, SEATTLE WA 98188
Randy Gress director 259 PROSPECT PLAINS ROAD, P O BOX 8000, CRANBURY NJ 08512-8000
Jeane L. Hull director 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
Thomas S Whelan officer: SVP & CFO 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
Mitchell J Krebs director, officer: President and CEO 1341 W FULLERTON AVE, STE 210, CHICAGO IL 60614
Hans John Rasmussen officer: SVP, Exploration 1002 MEDICINE MAN CLUSTER, MISSOULA MT 59808
Casey M. Nault officer: VP & General Counsel 505 FRONT AVENUE, P.O. BOX I, COEUR D'ALENE ID 83816
Terrence F. Smith officer: VP, North American Operations 104 S. MICHIGAN AVE., STE. 900, CHICAGO IL 60603
Brian E Sandoval director 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Sebastian Edwards director 9900 STELLBAR PLACE, LOS ANGELES CA 90064