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Peoples Financial Services (Peoples Financial Services) Net-Net Working Capital : $-419.09 (As of Dec. 2023)


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What is Peoples Financial Services 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.

Peoples Financial Services's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-419.09.

The industry rank for Peoples Financial Services's Net-Net Working Capital or its related term are showing as below:

PFIS's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.35
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Peoples Financial Services Net-Net Working Capital Historical Data

The historical data trend for Peoples Financial Services'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.

Peoples Financial Services Net-Net Working Capital Chart

Peoples Financial Services 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 -244.90 -307.63 -344.26 -379.13 -419.09

Peoples Financial Services 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 -379.13 -403.38 -406.99 -434.72 -419.09

Competitive Comparison of Peoples Financial Services's Net-Net Working Capital

For the Banks - Regional subindustry, Peoples Financial Services'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.


Peoples Financial Services's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

* The bar in red indicates where Peoples Financial Services's Price-to-Net-Net-Working-Capital falls into.



Peoples Financial Services Net-Net Working Capital Calculation

Peoples Financial Services'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 )
=(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)
=(42.665+398.927+0.75 * 12.734+0.5 * 0-3401.867
-0-0)/7.04085
=-419.09

Peoples Financial Services'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 )
=(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)
=(42.665+398.927+0.75 * 12.734+0.5 * 0-3401.867
-0-0)/7.04085
=-419.09

* 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.


Peoples Financial Services  (NAS:PFIS) 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.


Peoples Financial Services Net-Net Working Capital Related Terms

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Peoples Financial Services (Peoples Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
150 North Washington Avenue, Scranton, PA, USA, 18503
Peoples Financial Services Corp is a bank holding company operating through its subsidiaries. The bank provides a full range of financial services. Its products and services include checking accounts, business accounts, savings accounts, loan products, money market accounts, mortgages, chip-enabled debit cards, credit card processing, and visa master card and advisory services. Its loan portfolio includes Commercial loans, which consist of commercial, commercial real estate, municipal, and other related tax-free loans; and retail loans, which include residential real estate and other consumer loans. The company mainly operates in the United States in Pennsylvania.
Executives
Elisa Z Ramirez director 1225 17TH STREET, SUITE 2600, DENVER CO 80202
Wright Joseph T Jr director P.O. BOX A, HALLSTEAD PA 18822
Aubrey William E Ii director PO BOX 158, LAPLUME PA 18440
Locken Richard S Jr director 50 MAIN STREET, HALLSTEAD PA 18822
Ronald G Kukuchka director PO BOX A, HALLSTEAD PA 18822
Jeffrey A Drobins officer: EVP, Chief Lending Officer C/O PEOPLES SECURITY BANK & TRUST CO., 150 N WASHINGTON AVE, SCRANTON PA 18503
Thomas P Tulaney officer: Chief Lending Officer 102 E. DRINKER STREET, DUNMORE PA 18512
Sandra Bodnyk director NATIONAL PENN BANCSHARES, INC, 645 HAMILTON STREET, ALLENTOWN PA 18101
Susan L Hubble officer: EVP, Chief Information Officer C/O PEOPLES SECURITY BANK & TRUST CO., 150 N WASHINGTON AVE, SCRANTON PA 18503
Debra E Dissinger officer: Executive Vice President C/O PEOPLES SECURITY BANK & TRUST CO., 150 N WASHINGTON AVE, SCRANTON PA 18503
Joseph Ferretti officer: Vice President C/O PEOPLES FINANCIAL SERVICES CORP, 50 MAIN STREET, HALLSTEAD PA 18822
Anderson John R Iii officer: SVP,Int Prin Accting Officer 150 N WASHINGTON AVE, PENN SECURITY BANK & TRUST CO, SCRANTON PA 18503
Stover George H Jr director 50 MAIN STREET, HALLSTEAD PA 18822
Craig W Best director, officer: President & CEO C/O PEOPLES SECURITY BANK & TRUST CO., 150 N WASHINGTON AVE, SCRANTON PA 18503
Cesare Joseph G Md director 120 OLD ORCHARD RD, CLARKS GREEN PA 18411