Filtra Consultants and Engineers (BOM:539098) Preferred Stock

: ₹0.0 Mil (As of Mar. 2022)

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Preferred stock is a special equity security that has properties of both equity and debt. Filtra Consultants and Engineers's preferred stock for the quarter that ended in Mar. 2022 was ₹0.0 Mil.

The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. Filtra Consultants and Engineers's Enterprise Value for the quarter that ended in Mar. 2022 was ₹100.0 Mil.

In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. Filtra Consultants and Engineers's Book Value per Share for the quarter that ended in Mar. 2022 was ₹20.33.

Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). Filtra Consultants and Engineers's Earnings per Share (Diluted) for the six months ended in Mar. 2022 was ₹2.23.

Filtra Consultants and Engineers Preferred Stock Historical Data

The historical data trend for Filtra Consultants and Engineers's Preferred Stock 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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Filtra Consultants and Engineers Annual Data

Trend

Mar15

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Mar22

Preferred Stock

Filtra Consultants and Engineers Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22
Preferred Stock												-	-	-	-	-

Filtra Consultants and Engineers Preferred Stock Calculation

Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.

Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.

Preferred stock comes in many forms. It can be:

Convertible or Non-Convertible
Cumulative or Non-Cumulative
Voting or Non-Voting
Callable or Non-Callable
Maturity Date or No Maturity Date

A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.

Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?

It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.

Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.

Filtra Consultants and Engineers (BOM:539098) Preferred Stock Explanation

When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.

For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffetts Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffetts Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?

1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.

Filtra Consultants and Engineers's Enterprise Value for the quarter that ended in Mar. 2022 is calculated as

	Enterprise Value
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest
=	120.8781	+	0	+	0	+	0	+	0
-	Cash, Cash Equivalents, Marketable Securities
-	20.904
=	100.0

2. In the calculation of Book Value, the par value of Preferred Stocks needs to subtracted from total equity.

Filtra Consultants and Engineers's Book Value per Share for the quarter that ended in Mar. 2022 is calculated as

Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (Diluted Average)
	=	(167.134	-	0)	/	8.223
	=	20.33

3. Dividends paid to Preferred Stocks need to be subtracted from net income in the calculation of earnings per share.

Filtra Consultants and Engineers's Earnings per Share (Diluted) (EPS) for the six months ended in Mar. 2022 is calculated as

Earnings per Share (Diluted)	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(18.425	-	0)	/	8.247
	=	2.23

Filtra Consultants and Engineers Preferred Stock Related Terms

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Filtra Consultants and Engineers (BOM:539098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Filtra Consultants and Engineers Ltd (BOM:539098) » Definitions » Preferred Stock

Comparable Companies

Traded in Other Exchanges

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Address

Sahakar Wadi, Off Aarey Road, 1501, Synergy Business Park, Near Synthofine Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063

Website

https://www.filtra.in

Filtra Consultants and Engineers Ltd is an India based company engaged in the business of selling water treatment products and provides related services. It trades in water treatment products such as multiport valves, dosing systems, electronic dosing pumps, pressure vessels, conductivity meters, rotameters, among others. The company also has a business-to-business (B2B) e-commerce website for water treatment components. Its business activity falls under the primary segment of the Trading and manufacturing activity of the water treatment system. The organization sells its products in India and also exports them internationally.

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