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PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Net Current Asset Value

: €-7.51 (As of Dec. 2022)
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In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

PJSC Mining & Metallurgical Co Norilsk Nickel's net current asset value per share for the quarter that ended in Dec. 2022 was €-7.51.

The historical rank and industry rank for PJSC Mining & Metallurgical Co Norilsk Nickel's Net Current Asset Value or its related term are showing as below:

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of PJSC Mining & Metallurgical Co Norilsk Nickel was 6.46. The lowest was 6.46. And the median was 6.46.

WBO:MNOD's Price-to-Net-Current-Asset-Value is not ranked *
in the Metals & Mining industry.
Industry Median: 5.00
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

PJSC Mining & Metallurgical Co Norilsk Nickel Net Current Asset Value Historical Data

The historical data trend for PJSC Mining & Metallurgical Co Norilsk Nickel's Net Current Asset Value 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.

PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Current Asset Value
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.15 -5.17 -4.18 -5.72 -7.25

PJSC Mining & Metallurgical Co Norilsk Nickel Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
Net Current Asset Value 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 Premium Member Only Premium Member Only Premium Member Only -4.18 -4.67 -5.72 -6.63 -7.51

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, PJSC Mining & Metallurgical Co Norilsk Nickel's Net Current Asset Value, along with its competitors' market caps and Net Current Asset Value 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.

   

PJSC Mining & Metallurgical Co Norilsk Nickel Net Current Asset Value Distribution

For the Metals & Mining industry and Basic Materials sector, PJSC Mining & Metallurgical Co Norilsk Nickel's Net Current Asset Value distribution charts can be found below:

* The bar in red indicates where PJSC Mining & Metallurgical Co Norilsk Nickel's Net Current Asset Value falls in comparison to its industry or sector. The grey bar indicates the Net Current Asset Value's extreme value range as defined by GuruFocus.



PJSC Mining & Metallurgical Co Norilsk Nickel Net Current Asset Value Calculation

PJSC Mining & Metallurgical Co Norilsk Nickel's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net Current Asset Value Per Share(A: Dec. 2022 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(9119.58-18694.069-1565.575-0)/1536.55
=-7.25

PJSC Mining & Metallurgical Co Norilsk Nickel's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2022 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2022 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(9119.58-18694.069-1565.575-0)/1482.73
=-7.51

* 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.


PJSC Mining & Metallurgical Co Norilsk Nickel  (WBO:MNOD) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. 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.

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 Working Capital. They are collected under our Net-Net screener.


PJSC Mining & Metallurgical Co Norilsk Nickel Net Current Asset Value Related Terms

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PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Business Description

PJSC Mining & Metallurgical Co Norilsk Nickel logo
Traded in Other Exchanges
N/A
Address
15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100
PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.

PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Headlines

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