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StanCorp Financial Group (StanCorp Financial Group) Net-Net Working Capital : $-483.02 (As of Dec. 2015)


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What is StanCorp Financial Group 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.

StanCorp Financial Group's Net-Net Working Capital for the quarter that ended in Dec. 2015 was $-483.02.

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

SFG's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 4.845
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

StanCorp Financial Group Net-Net Working Capital Historical Data

The historical data trend for StanCorp Financial Group'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.

StanCorp Financial Group Net-Net Working Capital Chart

StanCorp Financial Group Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -367.63 -393.11 -427.44 -482.53 -483.02

StanCorp Financial Group Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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 -482.53 -488.54 -492.96 -478.95 -483.02

Competitive Comparison of StanCorp Financial Group's Net-Net Working Capital

For the Insurance - Life subindustry, StanCorp Financial Group'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.


StanCorp Financial Group's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

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

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



StanCorp Financial Group Net-Net Working Capital Calculation

StanCorp Financial Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2015 is calculated as

Net-Net Working Capital(A: Dec. 2015 )
=(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)
=(452.3+0+0.75 * 0+0.5 * 0-20983.6
-0-0)/42.5062
=-483.02

StanCorp Financial Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2015 is calculated as

Net-Net Working Capital(Q: Dec. 2015 )
=(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)
=(452.3+0+0.75 * 0+0.5 * 0-20983.6
-0-0)/42.5062
=-483.02

* 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.


StanCorp Financial Group  (NYSE:SFG) 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.


StanCorp Financial Group Net-Net Working Capital Related Terms

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


StanCorp Financial Group (StanCorp Financial Group) Business Description

Traded in Other Exchanges
N/A
Address
StanCorp Financial Group Inc was incorporated in 1998 in Oregon. It is a holding company and conducts business through wholly-owned operating subsidiaries throughout the United States. Through its subsidiaries, they have the authority to underwrite insurance products in all 50 states as well as the District of Columbia and the U.S. territories of Guam and the Virgin Islands. It operates through two segments: Insurance Services and Asset Management. Insurance Services contains two reportable product segments, Employee Benefits and Individual Disability. Insurance Services is comprised of its Employee Benefits and Individual Disability segments, and offers group life and AD&D insurance, group and individual disability insurance, group dental and group vision insurance, and absence management services to individuals and employer groups ranging in size from two lives to 167,000 lives. The Company has approximately 43,000 group insurance policies in force, covering approximately 6.2 million employees as of December 31, 2013. Group life insurance products provide coverage to insured employees for a specified period and have no cash value (amount of cash available to an insured employee on the surrender of, or withdrawal from, the life insurance policy). Coverage is offered to insured employees and their dependents. AD&D insurance is usually provided in conjunction with group life insurance, and is payable after the accidental death or dismemberment of the insured in an amount based on the face amount of the policy or dismemberment schedule. The Asset Management segment offers full-service 401(k) plans, 403(b) plans, 457 plans, defined benefit plans, money purchase pension plans, profit sharing plans and non-qualified deferred compensation products and services. This segment also offers investment advisory and management services, financial planning services, origination and servicing of fixed-rate commercial mortgage loans, individual fixed-rate annuity products, group annuity contracts and retirement plan trust products. The Company reports its holding company and corporate activities in the Other category. This category includes return on capital not allocated to the product segments, holding company expenses, operations of certain unallocated subsidiaries, interest on debt, unallocated expenses, net capital gains and losses related to the impairment or the disposition of its invested assets and adjustments made in consolidation. Competition for the sale of its products comes primarily from other insurers and financial services companies such as banks, broker-dealers, mutual funds, and managed care providers for employer groups, individual consumers and distributors. The Company's insurance products are regulated by the jurisdictions in which they sell their products including all 50 states, the District of Columbia, the U.S. territories of Guam and the Virgin Islands.
Executives
Ranjana B Clark director 301 SOUTH COLLEGE STREET, CHARLOTTE NC 28288
John A Hooper officer: Vice President Human Resources WEYERHAEUSER COMPANY, P.O. BOX 9777, FEDERAL WAY WA 98063-9777
Frederick W Buckman director QUANTA SERVICES, INC., 1360 POST OAK BLVD., SUITE 2100, HOUSTON TX 77056-3023
Mary F Sammons director
Timothy A Holt director C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Duane Charles Mcdougall director C/O INFOCUS CORP, 277008 SW PARKWAY AVE, WILSONVILLE OR 97070
Horvath D Debora director 1 BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941
Kevin M Murai director C/O INGRAM MICRO INC WORLD WIDE L, 1600 E ST ANDREW PLACE, SANTA ANA CA 92705
George J Puentes director 3060 INDUSTRIAL WAY NE SALEM OR 97301
Ralph R Peterson director CH2M HILL COS LTD, PO BOX 22508, DENVER CO 80222
John E Chapoton director BROWN INVESTMENT ADVISORY INCORPORATED, 1717 H STREET, NW, FIFTH FLOOR, WASHINGTON DC 20006
Barry J Galt director 1001 FANNIN STREET, SUITE 1600, HOUSTON TX 77002-6794

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