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SDC - Investimentos SGPS (XLIS:SDCP.PFD) Net-Net Working Capital

: €-0.35 (As of Dec. 2020)
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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.

SDC - Investimentos SGPS's Net-Net Working Capital for the quarter that ended in Dec. 2020 was €-0.35.

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

XLIS:SDCP.PFD's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.36
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

SDC - Investimentos SGPS Net-Net Working Capital Historical Data

The historical data trend for SDC - Investimentos SGPS'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.

SDC - Investimentos SGPS Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.84 -0.88 -0.94 -0.38 -0.35

SDC - Investimentos SGPS Semi-Annual Data
Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
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 -1.84 -0.88 -0.94 -0.38 -0.35

Competitive Comparison

For the Engineering & Construction subindustry, SDC - Investimentos SGPS'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.


SDC - Investimentos SGPS Price-to-Net-Net-Working-Capital Distribution

For the Construction industry and Industrials sector, SDC - Investimentos SGPS's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



SDC - Investimentos SGPS Net-Net Working Capital Calculation

SDC - Investimentos SGPS's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

Net-Net Working Capital(A: Dec. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.571+0.75 * 0.681+0.5 * 5.879-59.371
-0-0)/159.499
=-0.35

SDC - Investimentos SGPS's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2020 is calculated as

Net-Net Working Capital(Q: Dec. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.571+0.75 * 0.681+0.5 * 5.879-59.371
-0-0)/159.469
=-0.35

* 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.


SDC - Investimentos SGPS  (XLIS:SDCP.PFD) 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.


SDC - Investimentos SGPS Net-Net Working Capital Related Terms

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SDC - Investimentos SGPS (XLIS:SDCP.PFD) Business Description

Traded in Other Exchanges
N/A
Address
Avenida de Berna No. 30 - 2 B, Lisboa, PRT, 1050-042
SDC - Investimentos SGPS SA is engaged in the civil construction and public works sector. The company focuses on three area namely Civil construction includes housing, office, hotel, and tourism buildings, restoration and remodeling of buildings. Infrastructures include education, culture and sports facilities, industrial facilities, health and care centers, airports, roads, motorways, viaducts and bridges, tunnels, railway, hydraulic, environmental infrastructures and other urban infrastructures. Technical installations include electricity, telecommunications, technical management, heating, ventilation, air conditioning, hydraulics, water treatment, design, manufacture, and assembly of metal structures. Its serves in Portugal, Angola, Mozambique, United States, Brazil, and Romania.

SDC - Investimentos SGPS (XLIS:SDCP.PFD) Headlines

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