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Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Net Current Asset Value : R$10.93 (As of Dec. 2023)


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What is Hedge Brasil Shopping Fundo DE Investimento Imobiliario Net Current Asset Value?

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).

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's net current asset value per share for the quarter that ended in Dec. 2023 was R$10.93.

The historical rank and industry rank for Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Net Current Asset Value or its related term are showing as below:

BSP:HGBS11' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.72   Med: 36.65   Max: 80.81
Current: 19.37

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hedge Brasil Shopping Fundo DE Investimento Imobiliario was 80.81. The lowest was 6.72. And the median was 36.65.

BSP:HGBS11's Price-to-Net-Current-Asset-Value is ranked worse than
71.43% of 105 companies
in the REITs industry
Industry Median: 7.39 vs BSP:HGBS11: 19.37

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Net Current Asset Value Historical Data

The historical data trend for Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Net Current Asset Value Chart

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.79 4.30 5.37 4.32 10.93

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value 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 37.79 4.30 5.37 4.32 10.93

Competitive Comparison of Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Net Current Asset Value

For the REIT - Retail subindustry, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-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.


Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Price-to-Net-Current-Asset-Value Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Price-to-Net-Current-Asset-Value falls into.



Hedge Brasil Shopping Fundo DE Investimento Imobiliario Net Current Asset Value Calculation

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(A: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(461.07-321.936-0-0)/12.7298
=10.93

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(461.07-321.936-0-0)/12.7298
=10.93

* 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.


Hedge Brasil Shopping Fundo DE Investimento Imobiliario  (BSP:HGBS11) 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.


Hedge Brasil Shopping Fundo DE Investimento Imobiliario Net Current Asset Value Related Terms

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Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Business Description

Traded in Other Exchanges
N/A
Address
Avenue Presidente Juscelino Kubitschek, 1830, Tower IV - 7th floor, Itaim Bibi, Sao Paulo, SP, BRA, 4543900
Hedge Brasil Shopping Fundo DE Investimento Imobiliario is a Brazilian real estate investment fund with objective to obtain capital appreciation by acquisition of interests in shopping centers. The objective of the Fund is the acquisition for commercial exploitation of commercial real estate projects, which are duly built or are subject to renovations, improvements or expansions, through the acquisition of portions and/or the entirety of real estate projects, directly or indirectly, through the assets provided for in the Regulation, for subsequent sale, rental or leasing, including assets and rights related to them.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Headlines

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