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Mad Catz Interactive (Mad Catz Interactive) Owner Earnings per Share (TTM) : 0.00 (As of Dec. 2016)


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What is Mad Catz Interactive Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Mad Catz Interactive's Owner Earnings per Share (TTM) ended in Dec. 2016 was $0.00. It's Price-to-Owner-Earnings ratio for today is 0.


The historical rank and industry rank for Mad Catz Interactive's Owner Earnings per Share (TTM) or its related term are showing as below:



MCZAF's Price-to-Owner-Earnings is not ranked *
in the Hardware industry.
Industry Median: 16.835
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Mad Catz Interactive's Earnings per Share (Diluted) for the three months ended in Dec. 2016 was $-0.05. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2016 was $-0.16. It's PE Ratio ratio for today is At Loss.

Mad Catz Interactive's EPS without NRI for the three months ended in Dec. 2016 was $-0.06. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2016 was $-0.25. It's PE Ratio without NRI ratio for today is At Loss.


Mad Catz Interactive Owner Earnings per Share (TTM) Historical Data

The historical data trend for Mad Catz Interactive's Owner Earnings per Share (TTM) 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.

Mad Catz Interactive Owner Earnings per Share (TTM) Chart

Mad Catz Interactive Annual Data
Trend Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.10 -0.04 0.07 0.12 -0.11

Mad Catz Interactive Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
Owner Earnings per Share (TTM) 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 -0.02 -0.11 -0.02 0.04 0.11

Competitive Comparison of Mad Catz Interactive's Owner Earnings per Share (TTM)

For the Computer Hardware subindustry, Mad Catz Interactive's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.


Mad Catz Interactive's Price-to-Owner-Earnings Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Mad Catz Interactive's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Mad Catz Interactive's Price-to-Owner-Earnings falls into.



Mad Catz Interactive Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Mad Catz Interactive's Owner Earnings per Share (TTM) Calculation:

TTM / Last Quarter Average of Last 20 Quarters
Net Income -11.44
Depreciation, Depletion and Amortization 2.38
Change In Deferred Tax -0.46
5Y Average of Maintenance Capital Expenditure 1.33
Change In Working Capital 18.40
Shares Outstanding (Diluted Average) 73.47

1. Start with "Net Income" from income statement. Mad Catz Interactive's Net Income for the trailing twelve months (TTM) ended in Dec. 2016 was $-11.44 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Mad Catz Interactive's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Dec. 2016 was $2.38 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income. Mad Catz Interactive's Change In Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2016 was $-0.46 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $1.33 Mil

It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.

The following shows how to get maintenance capital expenditure.

First, calculate the revenue change regarding to the previous quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.

Mad Catz Interactive's 5-Year Average Maintenance Capital Expenditure = $1.33 Mil

5. "Change In Working Capital" is from cashflow statement. Mad Catz Interactive's Change In Working Capital for the trailing twelve months (TTM) ended in Dec. 2016 was $18.40 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.

6. Mad Catz Interactive's Shares Outstanding (Diluted Average) for the months ended in Dec. 2016 was 73.470 Mil.

Mad Catz Interactive's Onwer Earnings Per Share for Dec. 2016 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( -11.437 +2.384+-0.457
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-1.3297441836617+18.403)/73.470
=0.00

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=1.0E-5/0.00
=0

* 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.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Mad Catz Interactive Owner Earnings per Share (TTM) Related Terms

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Mad Catz Interactive (Mad Catz Interactive) Business Description

Traded in Other Exchanges
N/A
Address
181 Bay Street, Suite 4400, Toronto, ON, CAN, M5J 2T3
Mad Catz Interactive Inc is a Canadian company which is engaged in designing, manufacturing, marketing and distributing interactive entertainment products marketed under Mad Catz (gaming), Tritton (audio), and Saitek (simulation) brands. The company's products include headsets, mice, keyboards, controllers, specialty controllers, and other accessories. It caters to gamers and simulation enthusiast across multiple platforms including in-home gaming consoles, handheld gaming consoles, PC (Personal Computers) and Mac computers, smartphones, tablets and other smart devices. The company distributes its products through various retailers around the globe. Mad Catz derives the majority of its revenue from Americas.
Executives
Karen K Mcginnis director, officer: President & CEO INSIGHT ENTERPRISES INC, 1305 WEST AUTO DRIVE, TEMPE AZ 85284
Thomas R Brown director 15378 AVENUE OF SCIENCE SUITE 100, SAN DIEGO CA 92128
Morris Perlis director C/O COUNSEL CORPORATION, 700 - 1 TORONTO ST., TORONTO A6 M5C 2V6