Vy Global Growth (NYSE:VYGG) Net-Net Working Capital

: $-0.35 (As of Jun. 2022)

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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.

Vy Global Growth's Net-Net Working Capital for the quarter that ended in Jun. 2022 was $-0.35.

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

VYGG's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 1.71
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Vy Global Growth Net-Net Working Capital Historical Data

The historical data trend for Vy Global Growth'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.

Vy Global Growth Annual Data

Trend

Dec20

Dec21

Net-Net Working Capital

-0.88

-0.62

Vy Global Growth Quarterly Data
	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Net-Net Working Capital			-0.81	-0.68	-0.62	-0.49	-0.35

Competitive Comparison

For the Shell Companies subindustry, Vy Global Growth'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.

Annual Data Quarterly Data

Vy Global Growth Net-Net Working Capital Distribution

For the Diversified Financial Services industry and Financial Services sector, Vy Global Growth's Net-Net Working Capital distribution charts can be found below:

* The bar in red indicates where Vy Global Growth's Net-Net Working Capital falls in comparison to its industry or sector. The grey bar indicates the Net-Net Working Capital's extreme value range as defined by GuruFocus.

Vy Global Growth Net-Net Working Capital Calculation

Vy Global Growth's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

	Net-Net Working Capital		(A: Dec. 2021 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.809	+	0.75 * 0	+	0.5 * 0	-	46.357
-	0	-	0)	/	71.875
=	-0.62

Vy Global Growth's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2022 is calculated as

	Net-Net Working Capital		(Q: Jun. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.518	+	0.75 * 0	+	0.5 * 0	-	26.456
-	0	-	0)	/	71.875
=	-0.35

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.

Vy Global Growth (NYSE:VYGG) 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.

Vy Global Growth Net-Net Working Capital Related Terms

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Vy Global Growth (NYSE:VYGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Vy Global Growth (NYSE:VYGG) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

VYGG.WS:USA VYGG.U:USA

Address

Willow House, Cricket Square, Floor 4, Grand Cayman, CYM, KY1-9010

Website

https://www.vygg.com

Vy Global Growth is a blank check company.

Executives

Javier Olivan	director	62 RIDGE VIEW DRIVE, ATHERTON X1 94027
Julia Herendeen	director	25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
John Hering	director, officer: Chief Executive Officer	FLOOR 4 WILLOW HOUSE, CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Hugo Barra	director	FLOOR 4, WILLOW HOUSE, CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Alexander Tamas	director, officer: Chairman	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Sujay Jaswa	director	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Justin Kan	director	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Katja Lake	officer: Chief Financial Officer	FLOOR 4 WILLOW HOUSE CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Daniel Schwarz	officer: Chief Operating Officer	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Vy Global Growth Management Co.	10 percent owner	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Steve Ladd Huffman	director	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-901-