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IBERIABANK (IBERIABANK) Net-Net Working Capital : $-442.08 (As of Mar. 2020)


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What is IBERIABANK 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.

IBERIABANK's Net-Net Working Capital for the quarter that ended in Mar. 2020 was $-442.08.

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

IBKC's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.8
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

IBERIABANK Net-Net Working Capital Historical Data

The historical data trend for IBERIABANK'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.

IBERIABANK Net-Net Working Capital Chart

IBERIABANK Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -334.75 -313.50 -353.93 -390.01 -433.36

IBERIABANK Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 -397.88 -420.27 -430.70 -433.36 -442.08

Competitive Comparison of IBERIABANK's Net-Net Working Capital

For the Banks - Regional subindustry, IBERIABANK'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.


IBERIABANK's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

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

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



IBERIABANK Net-Net Working Capital Calculation

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

Net-Net Working Capital(A: Dec. 2019 )
=(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)
=(894.723+3933.36+0.75 * 80.809+0.5 * 0-27376.716
-228.485-0)/52.42
=-433.36

IBERIABANK's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2020 is calculated as

Net-Net Working Capital(Q: Mar. 2020 )
=(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)
=(945.062+3914.96+0.75 * 0+0.5 * 0-27892.876
-228.485-0)/52.6183
=-442.08

* 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.


IBERIABANK  (NAS:IBKC) 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.


IBERIABANK Net-Net Working Capital Related Terms

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


IBERIABANK (IBERIABANK) Business Description

Traded in Other Exchanges
N/A
Address
200 West Congress Street, Lafayette, LA, USA, 70501
Iberiabank is a bank holding company that concentrates on commercial banking in the southeastern United States. In addition, the company provides other comprehensive financial services, including retail banking, private banking, and mortgages. The company's strategy emphasizes growth, organically and through acquisitions. The company also emphasizes efficient operations through expense reduction and revenue enhancement. Iberiabank, the company's bank subsidiary, has hundreds of locations. Most of its income is net interest income. Nearly half of its commercial loan portfolio is in real estate.
Executives
Shea E Stewart Iii director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Kemp Sr James Michael director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Monica R. Sylvain officer: EVP, Chief Diversity Officer 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Nicolas Young officer: EVP, CHIEF CREDIT OFFICER 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Fernando Perez-hickman officer: VICE CHAIRMAN 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Ricky E Maples director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
J Randolph Bryan officer: EVP, Dir of Bus Transformation 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Michael Scott Price officer: CHIEF ACCOUNTING OFFICER 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Worley Robert Bruce Jr officer: EVP, GENERAL COUNSEL 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Terry Lawson Akins officer: SEVP, CHIEF RISK OFFICER 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Elizabeth A Ardoin officer: SR EXECUTIVE VICE PRESIDENT 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Rosa Sugranes director 2975 N.W. 77TH AVE, DORAL FL 33132
Anthony J Restel officer: VICE CHAIRMAN, CFO 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Jefferson G Parker officer: VICE CHAIRMAN 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
William H Fenstermaker director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501

IBERIABANK (IBERIABANK) Headlines

From GuruFocus

IBERIABANK Corporation Declares Cash Dividend on Common Stock

By PRNewswire PRNewswire 12-20-2019