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Starz (STRZA) Net Current Asset Value : $-6.07 (As of Sep. 2016)


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What is Starz Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Starz's net current asset value per share for the quarter that ended in Sep. 2016 was $-6.07.

The historical rank and industry rank for Starz's Net Current Asset Value or its related term are showing as below:

STRZA's Price-to-Net-Current-Asset-Value is not ranked *
in the Media - Diversified industry.
Industry Median: 3.35
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Starz Net Current Asset Value Historical Data

The historical data trend for Starz's Net Current Asset Value 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.

Starz Net Current Asset Value Chart

Starz Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.73 4.22 -6.75 -8.63 -6.68

Starz Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Net Current Asset Value 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 -7.03 -6.68 -7.11 -6.86 -6.07

Competitive Comparison of Starz's Net Current Asset Value

For the Broadcasting subindustry, Starz's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.


Starz's Price-to-Net-Current-Asset-Value Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Starz's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Starz's Price-to-Net-Current-Asset-Value falls into.



Starz Net Current Asset Value Calculation

Starz's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2015 is calculated as

Net Current Asset Value Per Share(A: Dec. 2015 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(669.8-1346.5-0-0)/101.33
=-6.68

Starz's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2016 is calculated as

Net Current Asset Value Per Share(Q: Sep. 2016 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(706.2-1297.1-0-0)/97.4158
=-6.07

* 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.


Starz  (NAS:STRZA) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. 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.

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 Working Capital. They are collected under our Net-Net screener.


Starz Net Current Asset Value Related Terms

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Starz (STRZA) Business Description

Traded in Other Exchanges
N/A
Address
Starz is a Delaware corporation, incorporated on May 7, 2007. The Company through its subsidiaries, operates as a media and entertainment company. The Company was formerly known as Starz, LLC and changed its name to Starz Inc in January 2013. The Company provides premium subscription video programming services to multichannel video distributors, including cable operators, satellite television providers, and telecommunications companies. The Company pay television channels, global content distribution, and animated television and movie production. The Company also develops, produces, acquires, and distributes entertainment content to consumers on DVD, digital formats, and traditional television. It sells or rents DVDs under the Anchor Bay and Manga brands; and distributes digital and on-demand content for its owned content and content for which it has licensed the non-pay television ancillary rights, as well as movies, television series, documentaries, children's programming, and other video content.
Executives
Irving Azoff director C/O AZOFF MUSIC MANAGEMENT, 1100 GLENDON AVENUE STE 2000, LOS ANGELES CA 90024
Robert S Wiesenthal director C/O SONY CORP OF AMERICA, 550 MADISON AVE, NEW YORK NY 10022
Susan M Lyne director 11 WEST 42ND STREET, NEW YORK NY 10036
Jeffrey Sagansky director 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Gregory B Maffei director 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Charles Y Tanabe director 123 LIBERTY BLVD, ENGLEWOOD CO 80112
Daniel E. Sanchez director C/O DISCOVERY, INC., 8403 COLESVILLE ROAD, SILVER SPRING MD 20910
John C Malone 10 percent owner 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Derek Chang director C/O CHARTER COMMUNICATIONS INC, 12405 POWERCOURT DR, ST LOUIS MO 63131
Richard N Baer officer: SVP, General Counsel
Albert E Rosenthaler officer: Senior Vice President 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Christopher W Shean officer: Senior VP, CFO 12300 LIBERTY BLVD., ENGLEWOOD CO 80116
David E Rapley director 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Gilchrist Malcolm Ian Grant director 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
Larry E Romrell director 12300 LIBERTY BLVD., ENGLEWOOD CO 80112

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