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First Mutual Properties (XZIM:FMP.ZW) Net Current Asset Value : ZWG-0.39 (As of Jun. 2024)


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What is First Mutual Properties 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).

First Mutual Properties's net current asset value per share for the quarter that ended in Jun. 2024 was ZWG-0.39.

The historical rank and industry rank for First Mutual Properties's Net Current Asset Value or its related term are showing as below:

XZIM:FMP.ZW's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.3
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

First Mutual Properties Net Current Asset Value Historical Data

The historical data trend for First Mutual Properties'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.

First Mutual Properties Net Current Asset Value Chart

First Mutual Properties Annual Data
Trend Dec10 Dec11 Dec12 Dec14 Dec15 Dec16 Dec17 Dec18
Net Current Asset Value
Get a 7-Day Free Trial -0.34 -0.22 -0.26 -0.24 -0.35

First Mutual Properties Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Jun23 Jun24
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 Premium Member Only -0.31 -0.35 -1.03 - -0.39

Competitive Comparison of First Mutual Properties's Net Current Asset Value

For the Real Estate Services subindustry, First Mutual Properties'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.


First Mutual Properties's Price-to-Net-Current-Asset-Value Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Mutual Properties's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where First Mutual Properties's Price-to-Net-Current-Asset-Value falls into.


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First Mutual Properties Net Current Asset Value Calculation

First Mutual Properties's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2018 is calculated as

Net Current Asset Value Per Share(A: Dec. 2018 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(62.82-496.158-0-0)/1236.928
=-0.35

First Mutual Properties's Net Current Asset Value (NCAV) per share for the quarter that ended in Jun. 2024 is calculated as

Net Current Asset Value Per Share(Q: Jun. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(107.104-594.518-0-0)/1236.419
=-0.39

* 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.


First Mutual Properties  (XZIM:FMP.ZW) 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.


First Mutual Properties Net Current Asset Value Related Terms

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First Mutual Properties Business Description

Traded in Other Exchanges
N/A
Address
100 Liberation Legacy Way, First Floor, First Mutual Park, Borrowdale, Harare, ZWE
First Mutual Properties Ltd is principally engaged in property investment, development, and management. The company's segments include office, retail, industrial, and other segments. The office segment acquires, develops, and leases offices in the central business district and office parks, and earns maximum revenue for the company. The retail segment acquires, develops, and leases shops and the industrial segment comprises properties situated in designated industrial areas of Zimbabwe. The industrial segment comprises properties situated in designated industrial areas of Zimbabwe, and the other segment comprises residential properties, undeveloped land and income generated from other property services, and Group administration costs, profit or loss from disposals of investment property.

First Mutual Properties Headlines

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