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Stamps.com (Stamps.com) Net-Net Working Capital : $8.67 (As of Jun. 2021)


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What is Stamps.com 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.

Stamps.com's Net-Net Working Capital for the quarter that ended in Jun. 2021 was $8.67.

The industry rank for Stamps.com's Net-Net Working Capital or its related term are showing as below:

STMP's Price-to-Net-Net-Working-Capital is not ranked
in the Software industry.
Industry Median: 7.44 vs STMP: 38.02

Stamps.com Net-Net Working Capital Historical Data

The historical data trend for Stamps.com'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.

Stamps.com Net-Net Working Capital Chart

Stamps.com Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.85 1.89 -3.55 -1.43 9.17

Stamps.com Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 5.18 7.31 9.17 14.40 8.67

Competitive Comparison of Stamps.com's Net-Net Working Capital

For the Software - Application subindustry, Stamps.com'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.


Stamps.com's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Stamps.com's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Stamps.com Net-Net Working Capital Calculation

Stamps.com's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

Net-Net Working Capital(A: Dec. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(443.552+0.75 * 63.308+0.5 * 0-323.18
-0-0)/18.306
=9.17

Stamps.com's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2021 is calculated as

Net-Net Working Capital(Q: Jun. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(551.961+0.75 * 55.474+0.5 * 0-435.37
-0-0)/18.246
=8.67

* 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.


Stamps.com  (NAS:STMP) 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.


Stamps.com Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Stamps.com's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Stamps.com (Stamps.com) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1990 E. Grand Avenue, El Segundo, CA, USA, 90245
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The company's operating segments are Stamps.com and MetaPack. The Stamps.com segment makes up more than 90% of the company's revenue. This segment derives revenue from online postage and shipping software solutions offered to consumers, small businesses, e-commerce shippers, enterprise mailers, and high volume shippers. Stamps.com's customers are primarily located in the U.S. MetaPack derives revenue from multi-carrier enterprise-level shipping software solutions for large e-commerce retailers and brands. MetaPack's customers are primarily located outside the U.S.
Executives
John Roland Clem officer: Chief Product & Strategy Offic 12959 CORAL TREE PLACE LOS ANGELES X1 90066
James Nathan Jones officer: CEO of subsidiary ShipStation 3800 N. LAMAR BLVD. STE. 220 AUSTIN TX 78756
Sebastian Buerba officer: Chief Marketing Officer 1990 E. GRAND AVE. EL SEGUNDO CA 90245
Jonathan Bourgoine officer: Chief Technology Officer 1990 E. GRAND AVE. EL SEGUNDO CA 90245
Amine Khechfe officer: Chief Strategy Officer 1990 E. GRAND AVE. EL SEGUNDO CA 90245
Katie May director 1990 E. GRAND AVE., EL SEGUNDO CA 90245
G Bradford Jones director 11150 SANTA MONICA BLVD SUITE 1200 LOS ANGELES CA 90025
Kenneth Thomas Mcbride director, officer: Chairman & CEO STAMPS.COM INC., 1990 E. GRAND AVE., EL SEGUNDO CA 90245
Steve Rifai officer: Chief Sales Officer 1990 E. GRAND AVE. EL SEGUNDO CA 90245
Matthew A. Lipson officer: Chief Legal Officer/ Secretary 1990 E. GRAND AVE. EL SEGUNDO CA 90245
Jeffrey Carberry officer: Chief Financial Officer 1990 E. GRAND AVE. EL SEGUNDO CA 90245
David C Habiger director C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
Mohan P Ananda director 549 LAKEVIEW CANYON RD, WESTLAKE VILLAGE CA 91362
Samuels Theodore R. Ii director 1990 E. GRAND AVE., EL SEGUNDO CA 90245
Kyle Huebner officer: President

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