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Holders Technology (LSE:HDT) Net-Net Working Capital : £0.44 (As of May. 2023)


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What is Holders Technology 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.

Holders Technology's Net-Net Working Capital for the quarter that ended in May. 2023 was £0.44.

The industry rank for Holders Technology's Net-Net Working Capital or its related term are showing as below:

LSE:HDT's Price-to-Net-Net-Working-Capital is not ranked
in the Hardware industry.
Industry Median: 6.91 vs LSE:HDT: 1.15

Holders Technology Net-Net Working Capital Historical Data

The historical data trend for Holders Technology'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.

Holders Technology Net-Net Working Capital Chart

Holders Technology Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.39 0.33 0.67 0.49

Holders Technology Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23
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 0.25 0.67 0.62 0.49 0.44

Competitive Comparison of Holders Technology's Net-Net Working Capital

For the Electronic Components subindustry, Holders Technology'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.


Holders Technology's Price-to-Net-Net-Working-Capital Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Holders Technology's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Holders Technology's Price-to-Net-Net-Working-Capital falls into.



Holders Technology Net-Net Working Capital Calculation

Holders Technology's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2022 is calculated as

Net-Net Working Capital(A: Nov. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.27+0.75 * 1.078+0.5 * 1.362-1.69
-0-0)/4.22416
=0.49

Holders Technology's Net-Net Working Capital (NNWC) per share for the quarter that ended in May. 2023 is calculated as

Net-Net Working Capital(Q: May. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.808+0.75 * 1.481+0.5 * 1.248-1.671
-0-0)/4.22416
=0.44

* 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.


Holders Technology  (LSE:HDT) 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.


Holders Technology Net-Net Working Capital Related Terms

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Holders Technology (LSE:HDT) Business Description

Traded in Other Exchanges
N/A
Address
27-28 Eastcastle Street, London, GBR, W1W 8DH
Holders Technology PLC is a UK-based company that supplies specialty laminates and materials for printed circuit board manufacture and operates as a Lighting and Control Solutions provider. The group has four operating subsidiaries: PCB UK, PCB Germany, LCS UK and LCS Germany. Both PCB divisions have very similar products, processes, customers, distribution means and margins.. PCB which distributes materials, equipment and supplies to the PCB industry; and LCS, which distributes Lighting and Controls-related components, lighting products, and lighting solutions. It operates its business across the United Kingdom, Germany, and the Rest of the world.

Holders Technology (LSE:HDT) Headlines

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