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Lar Espana Real Estate Socimi (Lar Espana Real Estate Socimi) Net Current Asset Value : $-4.21 (As of Jun. 2023)


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What is Lar Espana Real Estate Socimi 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).

Lar Espana Real Estate Socimi's net current asset value per share for the quarter that ended in Jun. 2023 was $-4.21.

The historical rank and industry rank for Lar Espana Real Estate Socimi's Net Current Asset Value or its related term are showing as below:

During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Lar Espana Real Estate Socimi was 37.27. The lowest was 1.09. And the median was 19.18.

LAREF's Price-to-Net-Current-Asset-Value is not ranked *
in the REITs industry.
Industry Median: 7.5
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Lar Espana Real Estate Socimi Net Current Asset Value Historical Data

The historical data trend for Lar Espana Real Estate Socimi'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.

Lar Espana Real Estate Socimi Net Current Asset Value Chart

Lar Espana Real Estate Socimi Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only -4.68 -6.20 -7.86 -8.06 -4.05

Lar Espana Real Estate Socimi Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 Premium Member Only Premium Member Only Premium Member Only -8.64 -8.06 -7.78 -4.05 -4.21

Competitive Comparison of Lar Espana Real Estate Socimi's Net Current Asset Value

For the REIT - Diversified subindustry, Lar Espana Real Estate Socimi'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.


Lar Espana Real Estate Socimi's Price-to-Net-Current-Asset-Value Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Lar Espana Real Estate Socimi's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Lar Espana Real Estate Socimi's Price-to-Net-Current-Asset-Value falls into.



Lar Espana Real Estate Socimi Net Current Asset Value Calculation

Lar Espana Real Estate Socimi'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)
=(529.074-868.14-0-0)/83.6363
=-4.05

Lar Espana Real Estate Socimi's Net Current Asset Value (NCAV) per share for the quarter that ended in Jun. 2023 is calculated as

Net Current Asset Value Per Share(Q: Jun. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(414.881-767.317-0-0)/83.6252
=-4.21

* 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.


Lar Espana Real Estate Socimi  (OTCPK:LAREF) 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.


Lar Espana Real Estate Socimi Net Current Asset Value Related Terms

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Lar Espana Real Estate Socimi (Lar Espana Real Estate Socimi) Business Description

Traded in Other Exchanges
Address
Calle Maria de Molina 39, 10th Floor, Madrid, ESP, 28006
Lar Espana Real Estate Socimi SA invests in and manages real estate assets, focusing on retail properties throughout Spain, office properties in Madrid & Barcelona, and the possibility of investing opportunistically on residential assets. Its main activity is the acquisition and management of shopping centres, may invest to a lesser extent in other assets for rent or for direct sale (commercial premises, industrial premises, logistics centres, offices and residential products).

Lar Espana Real Estate Socimi (Lar Espana Real Estate Socimi) Headlines

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