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Mattson Technology (Mattson Technology) Net-Net Working Capital : $0.46 (As of Mar. 2016)


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What is Mattson 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.

Mattson Technology's Net-Net Working Capital for the quarter that ended in Mar. 2016 was $0.46.

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

MTSN's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 8.285
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Mattson Technology Net-Net Working Capital Historical Data

The historical data trend for Mattson 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.

Mattson Technology Net-Net Working Capital Chart

Mattson Technology Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.10 -0.18 0.30 0.52

Mattson Technology Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 0.37 0.46 0.54 0.52 0.46

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

For the Semiconductor Equipment & Materials subindustry, Mattson 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.


Mattson Technology's Price-to-Net-Net-Working-Capital Distribution in the Semiconductors Industry

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

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



Mattson Technology Net-Net Working Capital Calculation

Mattson Technology's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2015 is calculated as

Net-Net Working Capital(A: Dec. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(33.427+0.75 * 21.685+0.5 * 50.02-35.789
-0-0)/75.443
=0.52

Mattson Technology's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2016 is calculated as

Net-Net Working Capital(Q: Mar. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(21.006+0.75 * 26.476+0.5 * 48.275-30.186
-0-0)/75.647
=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.

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.


Mattson Technology  (NAS:MTSN) 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.


Mattson Technology Net-Net Working Capital Related Terms

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Mattson Technology (Mattson Technology) Business Description

Traded in Other Exchanges
N/A
Address
Mattson Technology was incorporated in California in 1988. The Company design, manufacture, market and support semiconductor wafer processing equipment used in the fabrication of integrated circuits. The Company is a supplier of dry strip, rapid thermal processing ('RTP'), and etch equipment to the semiconductor industry. Its manufacturing equipment utilizes technologies to deliver processing capabilities and high productivity for the fabrication of current and next-generation ICs. Its RTP product portfolio, including the Helios XP for conventional RTP and the Millios for millisecond anneal have demonstrated device performance improvements at various foundry and logic customers. It also expanded its market position for etch in the memory segment while maintaining its broad market position in strip. Its etch applications portfolio, which includes capabilities that improve on-wafer performance while keeping costs low, has helped its etch business grow as customers select its etch tools based on their process performance and cost of ownership. Its customer base includes memory and foundry and logic device manufacturers. The Company has design and manufacturing center in the United States and has a design and pilot-line manufacturing facility in Germany. In 2013, its main customers are Taiwan Semiconductor Manufacturing Company, Ltd. and Samsung Electronics Company, Ltd. Its main competitors include Lam Research, PSK, Applied Materials, Dainippon Screen Manufacturing, Ultratech, Tokyo Electron, among others. It is subject to international, federal, state and local laws, rules and regulations.
Executives
Dennis Thomas St director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Fusen Ernie Chen director, officer: President and CEO 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Hoang Hoang officer: Exec. VP Global Business Ops. 23A SERANGOON NORTH AVE 5 #01-01, SINGAPORE U0 554369
J Michael Dodson officer: COO and CFO 1220 N. SIMON CIRCLE, ANAHEIM CA 92806
S Kenneth Kannappan director 337 ENCINAL ST SANTA CRUZ CA 95060
Betz Hans Georg Dr director 47957 AVALON HEIGHTS TERR, FREMONT CA 94539
John C Bolger director 4978 SANTA ANITA AVENUE, SUITE 205, TEMPLE CITY CA 91780
Stephen Lanza officer: SVP, Global Operations 4650 CUSHING PARKWAY, FREMONT CA 94538

Mattson Technology (Mattson Technology) Headlines

From GuruFocus

Mattson Technology Inc. (MTSN) CEO David Loel Dutton sells 4,208 Shares

By GuruFocus Research GuruFocus Editor 02-08-2011