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Reag Multi Ativos Imobiliarios - Fii (BSP:RMAI11) Net Current Asset Value : R$5.40 (As of Dec. 2023)


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What is Reag Multi Ativos Imobiliarios - Fii 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).

Reag Multi Ativos Imobiliarios - Fii's net current asset value per share for the quarter that ended in Dec. 2023 was R$5.40.

The historical rank and industry rank for Reag Multi Ativos Imobiliarios - Fii's Net Current Asset Value or its related term are showing as below:

BSP:RMAI11' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.98   Med: 11.16   Max: 14.81
Current: 14.81

During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Reag Multi Ativos Imobiliarios - Fii was 14.81. The lowest was 8.98. And the median was 11.16.

BSP:RMAI11's Price-to-Net-Current-Asset-Value is ranked worse than
67.83% of 115 companies
in the REITs industry
Industry Median: 6.47 vs BSP:RMAI11: 14.81

Reag Multi Ativos Imobiliarios - Fii Net Current Asset Value Historical Data

The historical data trend for Reag Multi Ativos Imobiliarios - Fii'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.

Reag Multi Ativos Imobiliarios - Fii Net Current Asset Value Chart

Reag Multi Ativos Imobiliarios - Fii Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only 15.84 9.79 7.56 6.68 5.40

Reag Multi Ativos Imobiliarios - Fii Semi-Annual Data
Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only 15.84 9.79 7.56 6.68 5.40

Competitive Comparison of Reag Multi Ativos Imobiliarios - Fii's Net Current Asset Value

For the REIT - Diversified subindustry, Reag Multi Ativos Imobiliarios - Fii'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.


Reag Multi Ativos Imobiliarios - Fii's Price-to-Net-Current-Asset-Value Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Reag Multi Ativos Imobiliarios - Fii's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Reag Multi Ativos Imobiliarios - Fii's Price-to-Net-Current-Asset-Value falls into.


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Reag Multi Ativos Imobiliarios - Fii Net Current Asset Value Calculation

Reag Multi Ativos Imobiliarios - Fii'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)
=(19.882-6.685-0-0)/2.444
=5.40

Reag Multi Ativos Imobiliarios - Fii'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)
=(19.882-6.685-0-0)/2.444
=5.40

* 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.


Reag Multi Ativos Imobiliarios - Fii  (BSP:RMAI11) 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.


Reag Multi Ativos Imobiliarios - Fii Net Current Asset Value Related Terms

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Reag Multi Ativos Imobiliarios - Fii Business Description

Traded in Other Exchanges
N/A
Address
Av Faria Lima, 2277, 17th Floor, Vila Olimpia, SÃO PAULO, SP, BRA, 01452000
Reag Multi Ativos Imobiliarios - Fii is a Brazil based company. It focused on developing investment and credit solutions. It offers a broad portfolio of products and integrated services that allow us to meet the unique needs of each client, considering their specific demands and different suitability profiles. Its area of operations Management, Fiduciary Services, Credit, Distribution and Financial Advisory.

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