GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Enstar Group Ltd (NAS:ESGR) » Definitions » Net-Net Working Capital

Enstar Group (Enstar Group) Net-Net Working Capital : $-602.25 (As of Dec. 2023)


View and export this data going back to 1997. Start your Free Trial

What is Enstar Group 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.

Enstar Group's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-602.25.

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

ESGR's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 5.94
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Enstar Group Net-Net Working Capital Historical Data

The historical data trend for Enstar Group'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.

Enstar Group Net-Net Working Capital Chart

Enstar Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -502.56 -414.02 -560.13 -603.36 -602.25

Enstar Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -603.36 -558.75 -644.07 -623.50 -602.25

Competitive Comparison of Enstar Group's Net-Net Working Capital

For the Insurance - Diversified subindustry, Enstar Group'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.


Enstar Group's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Enstar Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Enstar Group Net-Net Working Capital Calculation

Enstar Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(564+5325+0.75 * 1129+0.5 * 0-15265
-510-113)/15.1967
=-602.25

Enstar Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(564+5325+0.75 * 1129+0.5 * 0-15265
-510-113)/15.1967
=-602.25

* 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.


Enstar Group  (NAS:ESGR) 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.


Enstar Group Net-Net Working Capital Related Terms

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


Enstar Group (Enstar Group) Business Description

Traded in Other Exchanges
Address
22 Queen Street, Windsor Place, 3rd Floor, Hamilton, BMU, HM JX
Enstar Group Ltd is a (re)insurance group that offers capital release solutions through its network of group companies. It seeks to create value by managing (re)insurance companies and portfolios of (re)insurance and other liability business in run-off and striving to generate an attractive risk-adjusted return from its investment portfolio. Its operations through four reportable segments: Run-off, Assumed Life, Investments, and Legacy Underwriting.
Executives
Silvester Dominic Francis Michael director, 10 percent owner, officer: Chief Executive Officer C/O CASTLEWOOD HOLDINGS LIMITED, PO BOX HM 2267, WINDSOR PL., 18 QUEEN ST, HAMILTON D0 HM JX
Stone Point Capital Llc director 20 HORSENECK LANE, GREENWICH CT 06830
Poul Albaek Winslow director ONE QUEEN STREET EAST, SUITE 2500, TORONTO A6 M5C 2W5
Girish Ramanathan officer: Chief Accounting Officer C/O 22 QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
Obaidat Nazar Al officer: Chief Investment Officer C/O 22 QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
Stone Point Gp Ltd. director C/O CITCO TRUSTEES (CAYMAN) LIMITED, 89 NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-1205
Laurence Plumb officer: Chief of Business Operations C/O QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
Seema Thaper officer: Chief Risk Officer C/O QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
David Kang-wen Ni officer: Chief Strategy Officer C/O 22 QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
Matthew Kirk officer: Group Treasurer C/O 22 QUEEN STREET, WINDSOR PLACE, 3RD FLOOR, HAMILTON D0 HM 11
Sharon Anne Beesley director WINDSOR PLACE 3RD FLOOR, 22 QUEEN STREET, HAMILTON D0 HM 11
Robert J Campbell director
Michael P Murphy officer: Chief Accounting Officer ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Zachary Wolf officer: Chief Financial Officer 411 FIFTH AVE. 5TH FLOOR, NEW YORK NY 10016
Kathleen Carbone officer: Chief Accounting Officer 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304

Enstar Group (Enstar Group) Headlines

From GuruFocus

Enstar Group Limited Announces Quarterly Preference Share Dividends

By Value_Insider Value_Insider 11-04-2022

Enstar Completes Loss Portfolio Transfer Agreement With Aspen

By GuruFocusNews GuruFocusNews 06-19-2022

Enstar Completes Loss Portfolio Transfer With Argo

By Value_Insider Value_Insider 11-09-2022

Enstar Group Limited Announces Quarterly Preference Share Dividends

By GuruFocusNews GuruFocusNews 06-05-2022

Enstar Group Limited Announces Quarterly Preference Share Dividends

By GlobeNewswire GlobeNewswire 08-05-2022

Enstar Completes Loss Portfolio Transfer Agreement With Aspen

By GuruFocusNews GuruFocusNews 06-09-2022

Enstar Group Limited Announces Quarterly Preference Share Dividends

By sperokesalga sperokesalga 05-05-2023