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Daily Mail and General Trust (LSE:DMGO) Net-Net Working Capital : £3.19 (As of Sep. 2021)


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What is Daily Mail and General Trust 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.

Daily Mail and General Trust's Net-Net Working Capital for the quarter that ended in Sep. 2021 was £3.19.

The industry rank for Daily Mail and General Trust's Net-Net Working Capital or its related term are showing as below:

LSE:DMGO's Price-to-Net-Net-Working-Capital is not ranked
in the Media - Diversified industry.
Industry Median: 4.73 vs LSE:DMGO: 0.46

Daily Mail and General Trust Net-Net Working Capital Historical Data

The historical data trend for Daily Mail and General Trust'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.

Daily Mail and General Trust Net-Net Working Capital Chart

Daily Mail and General Trust Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.51 -1.13 -0.96 -0.56 3.16

Daily Mail and General Trust Semi-Annual Data
Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21
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 -0.97 -0.37 -0.56 -0.26 3.19

Competitive Comparison of Daily Mail and General Trust's Net-Net Working Capital

For the Publishing subindustry, Daily Mail and General Trust'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.


Daily Mail and General Trust's Price-to-Net-Net-Working-Capital Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Daily Mail and General Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Daily Mail and General Trust's Price-to-Net-Net-Working-Capital falls into.



Daily Mail and General Trust Net-Net Working Capital Calculation

Daily Mail and General Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2021 is calculated as

Net-Net Working Capital(A: Sep. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1746.9+0.75 * 123.2+0.5 * 16.4-605.1
-0--1.5)/393.700
=3.16

Daily Mail and General Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2021 is calculated as

Net-Net Working Capital(Q: Sep. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1746.9+0.75 * 123.2+0.5 * 16.4-605.1
-0--1.5)/390.300
=3.19

* 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.


Daily Mail and General Trust  (LSE:DMGO) 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.


Daily Mail and General Trust Net-Net Working Capital Related Terms

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Daily Mail and General Trust (LSE:DMGO) Business Description

Traded in Other Exchanges
N/A
Address
2 Derry Street, Northcliffe House, London, GBR, W8 5TT
Daily Mail and General Trust PLC Class A is a British international media company that publishes various newspapers and magazines and provides event organizers, as well as data and information services. Its flagship segment is British tabloid newspaper The Daily Mail, the largest newspaper brand in the United Kingdom. The company also operates other newspapers around Europe, as well as various websites. While the majority of revenue is derived from its publishing business, it also provides risk-management modeling and business research and data services to clients around the world.

Daily Mail and General Trust (LSE:DMGO) Headlines

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