Holland Colours (XAMS:HOLCO) Net-Net Working Capital

: €21.05 (As of Sep. 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.

Holland Colours's Net-Net Working Capital for the quarter that ended in Sep. 2022 was €21.05.

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

XAMS:HOLCO's Price-to-Net-Net-Working-Capital is ranked better than
60.25% of 571 companies
in the Chemicals industry
Industry Median: 8.50 vs XAMS:HOLCO: 5.32

Holland Colours Net-Net Working Capital Historical Data

The historical data trend for Holland Colours'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.

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Holland Colours Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Net-Net Working Capital

8.67

10.82

11.97

18.02

19.67

Holland Colours Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Net-Net Working Capital																18.03	18.02	19.49	19.67	21.05

Competitive Comparison

For the Specialty Chemicals subindustry, Holland Colours'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

Holland Colours Net-Net Working Capital Distribution

For the Chemicals industry and Basic Materials sector, Holland Colours's Net-Net Working Capital distribution charts can be found below:

* The bar in red indicates where Holland Colours'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.

Holland Colours Net-Net Working Capital Calculation

Holland Colours's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2022 is calculated as

	Net-Net Working Capital		(A: Mar. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(16.959	+	0.75 * 15.934	+	0.5 * 20.598	-	21.866
-	0	-	0.42)	/	0.86035
=	19.67

Holland Colours's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2022 is calculated as

	Net-Net Working Capital		(Q: Sep. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12.029	+	0.75 * 18.335	+	0.5 * 21.677	-	18.519
-	0	-	0)	/	0.860
=	21.05

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.

Holland Colours (XAMS:HOLCO) 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.

Holland Colours Net-Net Working Capital Related Terms

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Holland Colours (XAMS:HOLCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Holland Colours (XAMS:HOLCO) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

HCY:Germany

Address

Halvemaanweg 1, P.O. Box 720, Apeldoorn, GE, NLD, 7323 RW

Website

https://www.hollandcolours.com

Holland Colours creates and manufactures high-quality solid and liquid colorants, masterbatches and additives. The company and its subsidiaries manufacture, distribute, and sell color concentrates. Its products are designed to be well suited for coloring rigid and flexible polyvinyl chloride, pet, polyolefins and other polymers. The company serves many different markets which include building and construction but is not limited to, profiles, pipes, siding, and cladding. In addition, to serving these markets, it also offers color concentrates for coatings, elastomers, adhesives and other applications. The company operates geographically across Europe, the United States of America and Asia.

Holland Colours (XAMS:HOLCO) Headlines

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