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Fiat Industrial SpA (MIL:FI) Net Current Asset Value : €-4.88 (As of Jun. 2013)


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What is Fiat Industrial SpA 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).

Fiat Industrial SpA's net current asset value per share for the quarter that ended in Jun. 2013 was €-4.88.

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

MIL:FI's Price-to-Net-Current-Asset-Value is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 3.75
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Fiat Industrial SpA Net Current Asset Value Historical Data

The historical data trend for Fiat Industrial SpA'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.

Fiat Industrial SpA Net Current Asset Value Chart

Fiat Industrial SpA Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only -11.88 -12.46 -29.61 -4.85 -4.51

Fiat Industrial SpA Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
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 -4.32 -4.27 -4.51 -4.66 -4.88

Competitive Comparison of Fiat Industrial SpA's Net Current Asset Value

For the Farm & Heavy Construction Machinery subindustry, Fiat Industrial SpA'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.


Fiat Industrial SpA's Price-to-Net-Current-Asset-Value Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Fiat Industrial SpA's Price-to-Net-Current-Asset-Value distribution charts can be found below:

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



Fiat Industrial SpA Net Current Asset Value Calculation

Fiat Industrial SpA's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2012 is calculated as

Net Current Asset Value Per Share(A: Dec. 2012 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(27696-32428-787-0)/1222.560
=-4.51

Fiat Industrial SpA's Net Current Asset Value (NCAV) per share for the quarter that ended in Jun. 2013 is calculated as

Net Current Asset Value Per Share(Q: Jun. 2013 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(28922-34030-860-0)/1222.560
=-4.88

* 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.


Fiat Industrial SpA  (MIL:FI) 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.


Fiat Industrial SpA Net Current Asset Value Related Terms

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Fiat Industrial SpA (MIL:FI) Business Description

Traded in Other Exchanges
N/A
Address
Fiat Industrial SpA operates in the capital goods sector. Each of the Group's businesses is a major international player in its respective industry sector: Iveco, CNH-Case New Holland and FPT Industrial. These three sectors design, produce and sell trucks, commercial vehicles, buses, special vehicles (Iveco), tractors, and agricultural and construction equipment (CNH), in addition to engines and transmissions for those vehicles and engines for marine applications (FPT Industrial). Agricultural equipment is sold under the New Holland Agriculture and Case IH and, in the premium segment in Europe, Steyr brands. Construction equipment is sold under the New Holland Construction and Case Construction brands, as well as the Kobelco brand in North America. Iveco designs, manufactures and sells a wide range of light (2.8-6 tons GVW), medium (6-16 tons GVW) and heavy (above 16 tons GVW) commercial vehicles for on-road and off-road use. In addition to its main product offer, the Company also offers after-sales and financing services, in addition to services related to used-vehicles. FPT Industrial is specialized in the design, production and sale of propulsion and transmission systems for on- and off-road trucks and commercial vehicles, as well as engines for marine application and power generation.

Fiat Industrial SpA (MIL:FI) Headlines

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