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Orchestra Premaman (STU:9OP) Net-Net Working Capital : €-13.76 (As of Aug. 2019)


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What is Orchestra Premaman 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.

Orchestra Premaman's Net-Net Working Capital for the quarter that ended in Aug. 2019 was €-13.76.

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

STU:9OP's Price-to-Net-Net-Working-Capital is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.265
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Orchestra Premaman Net-Net Working Capital Historical Data

The historical data trend for Orchestra Premaman'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.

Orchestra Premaman Net-Net Working Capital Chart

Orchestra Premaman Annual Data
Trend Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.76 -18.66 -13.50 -16.78 -8.31

Orchestra Premaman Semi-Annual Data
Feb10 Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19
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 -15.92 -16.78 -16.56 -8.31 -13.76

Competitive Comparison of Orchestra Premaman's Net-Net Working Capital

For the Apparel Manufacturing subindustry, Orchestra Premaman'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.


Orchestra Premaman's Price-to-Net-Net-Working-Capital Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Orchestra Premaman's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Orchestra Premaman Net-Net Working Capital Calculation

Orchestra Premaman's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Feb. 2019 is calculated as

Net-Net Working Capital(A: Feb. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(8.174+0.75 * 43.337+0.5 * 242.624-494.773
-0-1.013)/40.1697
=-8.31

Orchestra Premaman's Net-Net Working Capital (NNWC) per share for the quarter that ended in Aug. 2019 is calculated as

Net-Net Working Capital(Q: Aug. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16.139+0.75 * 33.106+0.5 * 246.318-715.901
-0-1.539)/40.1978
=-13.76

* 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.


Orchestra Premaman  (STU:9OP) 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.


Orchestra Premaman Net-Net Working Capital Related Terms

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Orchestra Premaman (STU:9OP) Business Description

Traded in Other Exchanges
N/A
Address
400 avenue Marcel Dassault, Castelnau le Lez, FRA, 34170
Orchestra Premaman SA, is a France-based company. It is primarily engaged in the design and retail of clothing, shoes and accessories for children from birth to the age of eight.

Orchestra Premaman (STU:9OP) Headlines

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