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Spice Private Equity AG (XSWX:SPCE) Net-Net Working Capital : $17.30 (As of Dec. 2021)


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What is Spice Private Equity AG 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.

Spice Private Equity AG's Net-Net Working Capital for the quarter that ended in Dec. 2021 was $17.30.

The industry rank for Spice Private Equity AG's Net-Net Working Capital or its related term are showing as below:

XSWX:SPCE's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.67
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Spice Private Equity AG Net-Net Working Capital Historical Data

The historical data trend for Spice Private Equity AG'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.

Spice Private Equity AG Net-Net Working Capital Chart

Spice Private Equity AG Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.26 7.55 4.54 4.42 17.30

Spice Private Equity AG Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
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 4.54 4.64 4.42 12.36 17.30

Competitive Comparison of Spice Private Equity AG's Net-Net Working Capital

For the Asset Management subindustry, Spice Private Equity AG'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.


Spice Private Equity AG's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Spice Private Equity AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Spice Private Equity AG's Price-to-Net-Net-Working-Capital falls into.



Spice Private Equity AG Net-Net Working Capital Calculation

Spice Private Equity AG'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 )
=(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)
=(88.115+0+0.75 * 0+0.5 * 0-1.132
-0-0)/5.02735
=17.30

Spice Private Equity AG's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2021 is calculated as

Net-Net Working Capital(Q: Dec. 2021 )
=(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)
=(88.115+0+0.75 * 0+0.5 * 0-1.132
-0-0)/5.02735
=17.30

* 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.


Spice Private Equity AG  (XSWX:SPCE) 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.


Spice Private Equity AG Net-Net Working Capital Related Terms

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Spice Private Equity AG (XSWX:SPCE) Business Description

Traded in Other Exchanges
N/A
Address
Industriestrasse 13c, Zug, CHE, CH-6302
Spice Private Equity AG is a Swiss investment company which focuses on investing in private equity related investments. The investment objective of the group is to realize long-term capital appreciation by creating a portfolio of fund investments and direct investments in the private equity sector. Direct Investments and Fund Investments may include investments in private equity and private equity related instruments and in certain categories of credit products. The group holds a diversified portfolio consisting of various fund managers, geographical regions, economic sectors and stages through its subsidiary.