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Hudson Global (Hudson Global) Net-Net Working Capital : $8.90 (As of Dec. 2023)


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What is Hudson Global 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.

Hudson Global's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $8.90.

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

HSON's Price-to-Net-Net-Working-Capital is ranked better than
85.68% of 391 companies
in the Business Services industry
Industry Median: 6.32 vs HSON: 1.95

Hudson Global Net-Net Working Capital Historical Data

The historical data trend for Hudson Global'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.

Hudson Global Net-Net Working Capital Chart

Hudson Global 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 10.26 9.23 7.05 8.83 8.90

Hudson Global 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 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 8.83 6.03 8.56 9.29 8.90

Competitive Comparison of Hudson Global's Net-Net Working Capital

For the Staffing & Employment Services subindustry, Hudson Global'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.


Hudson Global's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hudson Global's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Hudson Global Net-Net Working Capital Calculation

Hudson Global'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)
=(22.611+0.75 * 19.71+0.5 * 0-12.404
-0-0)/2.807
=8.90

Hudson Global'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)
=(22.611+0.75 * 19.71+0.5 * 0-12.404
-0-0)/2.807
=8.90

* 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.


Hudson Global  (NAS:HSON) 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.


Hudson Global Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Hudson Global's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Hudson Global (Hudson Global) Business Description

Traded in Other Exchanges
N/A
Address
53 Forest Avenue, Suite 102, Old Greenwich, CT, USA, 06870
Hudson Global Inc provides specialized recruitment and related talent solutions. Its core services include Permanent recruitment, Contracting, Recruitment process outsourcing (RPO) and Talent management solutions. Its Permanent recruitment services leverage the company's consultants. In contracting services, it offers project management, interim management, and professional contract staffing services. RPO services deliver permanent and contracting outsourced recruitment solutions to various companies whereas, Talent management solutions feature services like talent assessment, interview training, executive coaching, employee development and outplacement.
Executives
Robert G. Pearse director 100 CANAL POINTE BLVD., SUITE 108, PRINCETON NJ 08540
Jeffrey E. Eberwein director 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Matthew K Diamond officer: VP of Finance 53 FOREST AVENUE, OLD GREENWICH CT 06870
Hudson Global, Inc. officer: CFO and CAO 53 FOREST AVENUE, OLD GREENWICH CT 06870
Patrick M. Lyons officer: CFO and CAO HUDSON GLOBAL, INC., 1325 AVENUE OF THE AMERICAS, 12TH FLOOR, NEW YORK NY 10019
Nelson Connia M director C/O HUDSON GLOBAL, INC., 53 FOREST AVENUE, OLD GREENWICH CT 06870
Mimi K Drake director C/O HUDSON GLOBAL, INC., 53 FOREST AVENUE, OLD GREENWICH CT 06870
Alan Lee Bazaar director 9 BEDFORD ROAD, KATONAH NY 10536
Coleman Richard Kenneth Jr. director 53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Ian V. Nash director HUDSON GLOBAL, INC., 1325 AVENUE OF THE AMERICAS, 12TH FLOOR, NEW YORK NY 10019
Sagard Capital Partners, L.p. 10 percent owner 280 PARK AVENUE, 3RD FLOOR WEST, NEW YORK NY 10017
David F. Kirby officer: VP, Finance and Treasury HUDSON GLOBAL, INC., 1325 AVENUE OF THE AMERICAS, 12TH FLOOR, NEW YORK NY 10019
Arthur Curcuru officer: Senior VP, Finance HUDSON GLOBAL, INC., 560 LEXINGTON AVENUE, NEW YORK NY 10022
Vi Capital Fund, Lp other: Member of 10% owner group PO BOX 402, NEWMAN LAKE WA 99025
David William Pointer other: Member of 10% owner group PO BOX 402, NEWMAN LAKE WA 99025

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