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Vantage Towers AG (Vantage Towers AG) Net-Net Working Capital : $-5.61 (As of Mar. 2023)


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What is Vantage Towers AG 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.

Vantage Towers AG's Net-Net Working Capital for the quarter that ended in Mar. 2023 was $-5.61.

The industry rank for Vantage Towers AG's Net-Net Working Capital or its related term are showing as below:

VTAGY's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.29
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Vantage Towers AG Net-Net Working Capital Historical Data

The historical data trend for Vantage Towers AG'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.

Vantage Towers AG Net-Net Working Capital Chart

Vantage Towers AG Annual Data
Trend Mar21 Mar22 Mar23
Net-Net Working Capital
-5.84 -5.80 -5.61

Vantage Towers AG Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
Net-Net Working Capital Get a 7-Day Free Trial -5.84 -5.82 -5.80 -5.24 -5.61

Competitive Comparison of Vantage Towers AG's Net-Net Working Capital

For the Real Estate Services subindustry, Vantage Towers AG'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.


Vantage Towers AG's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Vantage Towers AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Vantage Towers AG's Price-to-Net-Net-Working-Capital falls into.



Vantage Towers AG Net-Net Working Capital Calculation

Vantage Towers AG's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(190.043+0.75 * 18.522+0.5 * 0-5880.621
-0-0)/1011.56
=-5.61

Vantage Towers AG's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2023 is calculated as

Net-Net Working Capital(Q: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(190.043+0.75 * 18.522+0.5 * 0-5880.621
-0-0)/1011.56
=-5.61

* 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.


Vantage Towers AG  (OTCPK:VTAGY) 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.


Vantage Towers AG Net-Net Working Capital Related Terms

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Vantage Towers AG (Vantage Towers AG) Business Description

Traded in Other Exchanges
Address
Prinzenallee 11-13, Dusseldorf, NW, DEU, 40549
Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.

Vantage Towers AG (Vantage Towers AG) Headlines

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