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.
VistaGen Therapeutics's net-net working capital per share for the quarter that ended in Mar. 2022 was $0.28.
The industry rank for VistaGen Therapeutics's Net-Net Working Capital or its related term are showing as below:
VistaGen Therapeutics Net-Net Working Capital Historical Data
The historical data trend for VistaGen Therapeutics'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.
|
VistaGen Therapeutics Annual Data
|
|
Trend |
Mar13 |
Mar14 |
Mar15 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
| Net-Net Working Capital |
|
|
|
|
|
|
0.26 |
0.14 |
-0.21 |
0.48 |
0.28 |
|
VistaGen Therapeutics Quarterly Data
|
|
Jun17 |
Sep17 |
Dec17 |
Mar18 |
Jun18 |
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
| Net-Net Working Capital |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.48 |
0.42 |
0.38 |
0.35 |
0.28 |
Competitive Comparison
For the Biotechnology subindustry, VistaGen Therapeutics's Net-Net Working Capital, along with its competitors' market caps and 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.
VistaGen Therapeutics Net-Net Working Capital Distribution
For the Biotechnology industry and Healthcare sector, VistaGen Therapeutics's Net-Net Working Capital distribution charts can be found below:
* The bar in red indicates where VistaGen Therapeutics's Net-Net Working Capital falls into.
VistaGen Therapeutics Net-Net Working Capital Calculation
VistaGen Therapeutics's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2022 is calculated as
VistaGen Therapeutics's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2022 is calculated as
* 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.
VistaGen Therapeutics Business Description
Traded in Other Exchanges
N/A
Address
343 Allerton Avenue, South San Francisco, CA, USA, 94080
VistaGen Therapeutics Inc is a biotechnology firm. The company is in its clinical stage and engaged in developing and commercializing product candidates for patients with diseases and disorders involving the central nervous system. Its lead product candidate, AV-101, is an orally available prodrug candidate in Phase II development, initially for the adjunctive treatment of a major depressive disorder in patients with an inadequate response to standard antidepressants. The PH94B is a novel neuroactive nasal spray with therapeutic potential in a wide range of indications involving anxiety or phobia; PH10 is an odorless, fast-acting synthetic neurosteroid for neuropsychiatric indications involving depression.
Executives
| Saxe Jon S |
director |
FIRST HORIZON PHARMACEUTICAL CORP 660 HEMBREE PKWY STE 106 ROSWELL GA 30076 |
| Dotson Jerrold Duane |
officer: VP, CFO AND SECRETARY |
5 CENTERPOINTE DRIVE SUITE 400 LAKE OSWEGO OR 97035 |
| Singh Shawn |
director, officer: CHIEF EXECUTIVE OFFICER |
C/O VISTAGEN THERAPEUTICS, INC. 343 ALLERTON AVENUE SOUTH SAN FRANCISCO CA 94080 |
| Snodgrass H. Ralph |
director, officer: PRES./CHIEF SCIENTIFIC OFFICER |
384 OYSTER POINT BLVD. SUITE 8 SOUTH SAN FRANCISCO CA 94080 |
| Smith Mark Alan |
officer: CHIEF MEDICAL OFFICER |
343 ALLERTON AVENUE SOUTH SAN FRANCISCO CA 94080 |
| Mcpartland Mark A. |
officer: VP CORPORATE DEVELOPMENT |
C/O VISTAGEN THERAPEUTICS, INC. 343 ALLERTON AVENUE SOUTH SAN FRANCISCO CA 94080 |
| Gin Jerry B |
director |
343 ALLERTON AVE SOUTH SAN FRANCISCO CA 94080 |
| Underdown Brian J. |
director |
C/O LUMIRA CAPITAL INVESTMENT MANAGEMENT 141 ADELAIDE ST. WEST, SUITE 770 TORONTO ONTARIO CANADA M5H 3L5 A6 00000 |
| Cunningham Ann Michelle |
director |
255 N CALDWELL CIRCLE DOWNINGTOWN PA 19335 |
| Rice A. Franklin |
officer: VP CORPORATE DEVELOPMENT |
384 OYSTER POINT BLVD. SUITE 8 SOUTH SAN FRANCISCO CA 94080 |
| Bonfiglio Gregory A. |
director |
384 OYSTER POINT BOULEVARD, NO. 8 SOUTH SAN FRANCISCO CA 94080 |
| Platinum Long Term Growth Vii, Llc |
10 percent owner |
152 WEST 57TH STREET 4TH FLOOR NEW YORK NY 10019 |
| Cato Holding Co |
10 percent owner |
4364 SOUTH ALSTON AVENUE DURHAM NC 27713 |
| Cato Allen Easley |
10 percent owner |
4364 SOUTH ALSTON AVENUE DURHAM NC 27713 |
| Jones Stephanie |
director, 10 percent owner, officer: PRESIDENT |
13834 W. HOYT ROAD RATHDRUM ID 83858 |
VistaGen Therapeutics Headlines
By Seekingalpha 2021-11-10
By Seekingalpha 2022-02-10
By Seekingalpha 2021-06-30
By Seekingalpha 2021-06-29
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By Seekingalpha 2021-01-24
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