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Benefytt Technologies (Benefytt Technologies) Net-Net Working Capital : $-36.32 (As of Jun. 2020)


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What is Benefytt Technologies Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Benefytt Technologies's Net-Net Working Capital for the quarter that ended in Jun. 2020 was $-36.32.

The industry rank for Benefytt Technologies's Net-Net Working Capital or its related term are showing as below:

BFYT's Price-to-Net-Net-Working-Capital is not ranked *
in the Healthcare Plans industry.
Industry Median: 6.665
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Benefytt Technologies Net-Net Working Capital Historical Data

The historical data trend for Benefytt Technologies's Net-Net Working Capital 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.

Benefytt Technologies Net-Net Working Capital Chart

Benefytt Technologies Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only -3.20 -4.22 -2.37 -21.02 -38.36

Benefytt Technologies Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Net-Net Working Capital 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 -30.11 -32.64 -38.36 -37.50 -36.32

Competitive Comparison of Benefytt Technologies's Net-Net Working Capital

For the Healthcare Plans subindustry, Benefytt Technologies's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.


Benefytt Technologies's Price-to-Net-Net-Working-Capital Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Benefytt Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Benefytt Technologies's Price-to-Net-Net-Working-Capital falls into.



Benefytt Technologies Net-Net Working Capital Calculation

Benefytt Technologies's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2019 is calculated as

Net-Net Working Capital(A: Dec. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.771+0.75 * 2.911+0.5 * 0-511.884
-0-38.473)/14.1903
=-38.36

Benefytt Technologies's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2020 is calculated as

Net-Net Working Capital(Q: Jun. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13.64+0.75 * 4.187+0.5 * 0-519.301
-0-15.229)/14.2553
=-36.32

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

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.

This is a conservative way of estimating the company's value.


Benefytt Technologies  (NAS:BFYT) Net-Net Working Capital Explanation

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 value. They are collected under our Net-Net screener.


Benefytt Technologies Net-Net Working Capital Related Terms

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Benefytt Technologies (Benefytt Technologies) Business Description

Traded in Other Exchanges
N/A
Address
3450 Buschwood Park Drive, Suite 200, Tampa, FL, USA, 33618
Benefytt Technologies Inc is a health insurance technology company. It is engaged in the development and operation of private e-commerce health insurance marketplaces, consumer engagement platforms, agency technology systems, and insurance policy administration platforms. Its reportable segments are Medicare and IFP. The Medicare segment consists of consumer engagement activities which generate leads that the company sells to third-parties whereas, the IFP segment focuses on the sale and service of individual and family health insurance plans which includes short-term medical insurance plans and health benefit insurance plans. The firm also offers supplemental products which include additional insurance and non-insurance products.
Executives
Peggy Scott director 15438 NORTH FLORIDA AVENUE, SUITE 201, TAMPA FL 33613
John Fichthorn director C/O DIALECTIC CAPITAL MANAGEMENT, LLC, 17 STATE STREET, SUITE 3930, NEW YORK NY 10004
Robert S Murley director 4025 S. RIVERPOINT PARKWAY, M/S CF-K815, PHOENIX AZ 85040
Erik M Helding officer: Chief Financial Officer 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Paul G Gabos director 19387 US 19 N, CLEARWATER FL 33764
Bruce Telkamp officer: CEO of HealthPocket, Inc.* 440 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Sheldon Wang officer: Chief Technology Officer 440 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Cannell Capital Llc 10 percent owner 245 MERIWETHER CIRCLE, ALTA WY 83414
Patrick Mcnamee director, officer: CEO and President C/O EXPRESS SCRIPTS, INC. 13900 RIVERPORT DRIVE MARYLAND HEIGHTS MO 63043
Dirk A Montgomery officer: EVP & Chief Financial Officer C/O HEALTH INSURANCE INNOVATIONS, INC., 15438 N. FLORIDA AVE., SUITE 201, TAMPA FL 33613
Gordon Tunstall director

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