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Flagstar Bancorp (Flagstar Bancorp) Net-Net Working Capital : $-370.93 (As of Sep. 2022)


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What is Flagstar Bancorp 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.

Flagstar Bancorp's Net-Net Working Capital for the quarter that ended in Sep. 2022 was $-370.93.

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

FBC's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.4
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Flagstar Bancorp Net-Net Working Capital Historical Data

The historical data trend for Flagstar Bancorp'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.

Flagstar Bancorp Net-Net Working Capital Chart

Flagstar Bancorp Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -234.75 -249.54 -334.37 -498.90 -374.26

Flagstar Bancorp Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 -424.61 -374.26 -339.92 -364.24 -370.93

Competitive Comparison of Flagstar Bancorp's Net-Net Working Capital

For the Banks - Regional subindustry, Flagstar Bancorp'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.


Flagstar Bancorp's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Flagstar Bancorp's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Flagstar Bancorp Net-Net Working Capital Calculation

Flagstar Bancorp's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1051+1804+0.75 * 0+0.5 * 0-22765
-0-0)/53.1977
=-374.26

Flagstar Bancorp's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2022 is calculated as

Net-Net Working Capital(Q: Sep. 2022 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(418+2627+0.75 * 0+0.5 * 0-22827
-0-0)/53.3308
=-370.93

* 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.


Flagstar Bancorp  (NYSE:FBC) 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.


Flagstar Bancorp Net-Net Working Capital Related Terms

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Flagstar Bancorp (Flagstar Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
5151 Corporate Drive, Troy, MI, USA, 48098-2639
Flagstar Bancorp Inc is a thrift that originates, services, and sells loans across the United States. The bank has around $14.2 billion in assets and $7.8 billion in deposits. First mortgage, second mortgage, and commercial real estate loans collectively compose 88% of the bank's investment portfolio.
Executives
Karen Buck officer: EVP and Director of Operations 5151 CORPORATE DRIVE, TROY MI 48098
Toan Huynh director 5151 CORPORATE DRIVE, TROY MI 48098
Lori Jordan director 5151 CORPORATE DRIVE, TROY MI 48098
David J Matlin director
Peter Schoels director GLOBAL AERO LOGISTICS INC., 101 WORLD DRIVE, PEACHTREE CITY GA 30269
Mp Thrift Investments L.p. 10 percent owner MATLINPATTERSON GLOBAL ADVISERS LLC, 520 MADISON AVENUE, 35TH FLOOR, NEW YORK NY 10022
Reginald E Davis officer: EVP and President of Banking 5151 CORPORATE DRIVE, TROY MI 48098
Kristy Fercho officer: EVP and President of Mortgage 5151 CORPORATE DRIVE, TROY MI 48098
Andrew W Ottaway officer: Michigan Market President 5151 CORPORATE DRIVE, TROY MI 48098
Jennifer R Whip director 621 PUGH ROAD, WAYNE PA 19087
Patrick M Mcguirk officer: EVP and Gen Counsel 5151 CORPORATE DRIVE, TROY MI 48098
Leonard Ii Israel officer: Exec VP 5151 CORPORATE DRIVE, TROY MI 48098
Andrew Fornarola officer: EVP and Director Com Bnking FLAGSTAR BANCORP INC, 5151 CORPORATE DRIVE, TROY MI 48098
Bruce E Nyberg director FLAGSTAR BANCORP INC, 5151 CORPORATE DRIVE, TROY MI 48098
Bryan Marx officer: SVP Chief Accting Officer(PAO) 5151 CORPORATE DRIVE, TROY MI 48098

Flagstar Bancorp (Flagstar Bancorp) Headlines