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American Pacific (FRA:ACQ) Net Current Asset Value : €-0.46 (As of Sep. 2013)


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What is American Pacific 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).

American Pacific's net current asset value per share for the quarter that ended in Sep. 2013 was €-0.46.

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

FRA:ACQ's Price-to-Net-Current-Asset-Value is not ranked *
in the Chemicals industry.
Industry Median: 4.575
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

American Pacific Net Current Asset Value Historical Data

The historical data trend for American Pacific'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.

American Pacific Net Current Asset Value Chart

American Pacific Annual Data
Trend Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.66 -8.66 -8.79 -6.49 -0.46

American Pacific Quarterly Data
Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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 -6.42 -5.98 -5.33 -4.11 -0.46

Competitive Comparison of American Pacific's Net Current Asset Value

For the Specialty Chemicals subindustry, American Pacific'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.


American Pacific's Price-to-Net-Current-Asset-Value Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, American Pacific's Price-to-Net-Current-Asset-Value distribution charts can be found below:

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



American Pacific Net Current Asset Value Calculation

American Pacific's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Sep. 2013 is calculated as

Net Current Asset Value Per Share(A: Sep. 2013 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(120.478-124.146-0-0)/7.949
=-0.46

American Pacific's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2013 is calculated as

Net Current Asset Value Per Share(Q: Sep. 2013 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(120.478-124.146-0-0)/7.949
=-0.46

* 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.


American Pacific  (FRA:ACQ) 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.


American Pacific Net Current Asset Value Related Terms

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American Pacific (FRA:ACQ) Business Description

Traded in Other Exchanges
N/A
Address
American Pacific Corporation was incorporated in Delaware in December 1980. The Company is a custom manufacturer of fine chemicals, specialty chemicals and propulsion products. It supplies active pharmaceutical ingredients and registered intermediates to the pharmaceutical industry. The pharmaceutical ingredients it manufacture are used by its customers in drugs with indications in three primary areas: anti-viral, oncology, and central nervous system. Its customers include pharmaceutical and biotechnology companies, as well as emerging pharmaceutical companies. Its continuing operations comprise three reportable business segments: Fine Chemicals, Specialty Chemicals, and Other Businesses. The Fine Chemicals segment is operated through its wholly-owned subsidiaries Ampac Fine Chemicals LLC and AMPAC Fine Chemicals Texas, LLC. Specialty Chemicals segment is principally engaged in the production of perchlorates, which include several grades of ammonium perchlorate, sodium perchlorate and potassium perchlorate. In addition, it produce and sell sodium azide, a chemical primarily used in pharmaceutical manufacturing, and Halotron, a series of clean fire extinguishing agents used in fire extinguishing products ranging from portable fire extinguishers to total flooding systems. For the aerospace and defense industry, it provides specialty chemicals used in solid rocket motors for space launch and military missiles. Other Businesses segment contains its water treatment equipment division and real estate activities PEPCON Systems, an operating division of the Company, is a manufacturer and supplier of On-Site Hypochlorite Generation systems.The Company design, manufacture and service equipment used to purify water or air in municipal, industrial and power generation applications. The systems are marketed under the ChlorMaster and Odormaster names. The main competing product to Halotron I is FE36 manufactured by DuPont. The Company's operations are subject to extensive federal, state and local regulations governing, among other things, emissions to air, discharges to water and waste management.

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