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).
Remy Cointreau's net current asset value per share for the quarter that ended in Sep. 2023 was CHF14.28.
The historical rank and industry rank for Remy Cointreau's Net Current Asset Value or its related term are showing as below:
XSWX:RCO'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.06 Med: 13.01 Max: 17.98
Current: 6.06
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Remy Cointreau was 17.98. The lowest was 6.06. And the median was 13.01.
XSWX:RCO's Price-to-Net-Current-Asset-Value is ranked worse than 56.48% of 108
companies
in the Beverages - Alcoholic industry
Industry Median: 5.64
vs XSWX:RCO: 6.06
Remy Cointreau Net Current Asset Value Historical Data
The historical data trend for Remy Cointreau'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.
Competitive Comparison of Remy Cointreau's Net Current Asset Value
For the Beverages - Wineries & Distilleries subindustry, Remy Cointreau'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.
Remy Cointreau's Price-to-Net-Current-Asset-Value Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Remy Cointreau's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Remy Cointreau's Price-to-Net-Current-Asset-Value falls into.
Remy Cointreau Net Current Asset Value Calculation
Remy Cointreau's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Remy Cointreau (XSWX:RCO) 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 Grahams 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.
Remy Cointreau Net Current Asset Value Related Terms
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Remy Cointreau is the world's second-largest distiller of cognac by volume, with a 15.8% global volume share in 2022, according to Euromonitor. Cognac represented 72% of Remy's sales and 90% of EBIT in the same year. The remainder of Remy's portfolio is made up of much smaller group-owned brands, including Cointreau orange liqueur, Metaxa Greek spirit, Mount Gay rum, Bruichladdich single malt scotch, The Botanist gin, Hautes Glaces French whiskey, and Westland American whiskey. The company also distributes third-party brands and in 2023 entered the fragrance business. Remy is controlled by the Andromede family, which owns 41% equity interest and consolidates the business in the Andromede Group. The Cointreau family owns a further 27%, and 41% of the equity is free float.
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