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Cvent (CVT) Net-Net Working Capital : $1.17 (As of Sep. 2016)


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What is Cvent 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.

Cvent's Net-Net Working Capital for the quarter that ended in Sep. 2016 was $1.17.

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

CVT's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.425
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Cvent Net-Net Working Capital Historical Data

The historical data trend for Cvent'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.

Cvent Net-Net Working Capital Chart

Cvent Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15
Net-Net Working Capital
-0.39 -0.67 2.23 1.80 0.98

Cvent Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 1.18 0.98 1.12 1.19 1.17

Competitive Comparison of Cvent's Net-Net Working Capital

For the Software - Application subindustry, Cvent'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.


Cvent's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Cvent's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Cvent Net-Net Working Capital Calculation

Cvent's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2015 is calculated as

Net-Net Working Capital(A: Dec. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(145.461+0.75 * 30.483+0.5 * 0-127.319
-0-0)/42.003
=0.98

Cvent's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2016 is calculated as

Net-Net Working Capital(Q: Sep. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(179.04+0.75 * 29.09+0.5 * 0-151.087
-0-0)/42.5147
=1.17

* 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.


Cvent  (NYSE:CVT) 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.


Cvent Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Cvent's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Cvent (CVT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Cvent Inc was incorporated on August 20, 1999 in the State of Delaware. The Company is a cloud-based enterprise event management company. It provides end-to-end cloud solutions for both sides of the corporate events and meetings ecosystem - event and meeting planners, through its Event Cloud, and hoteliers and venues, through its Hospitality Cloud. Its integrated, Event Cloud solutions addresses the entire event life cycle by allowing event and meeting planners to automate and streamline the process of planning, organizing and executing successful events for organizations of all sizes and industries. Its Hospitality Cloud provides hoteliers and venues with a complete suite of solutions to create, manage and measure their demand for group meetings. For the event and meeting planner side of the ecosystem, which includes corporations, associations, not-for-profits, government agencies and universities, events and meetings are an integral way to build and strengthen relationships with customers, prospects, employees and partners. Enterprise events and meetings include external events, such as conferences, tradeshows, and customer summits, as well as internal functions, such as sales meetings, training seminars and team-building events. For the hoteliers and venues side of the ecosystem, group events and meetings are a vital source of revenue and profit. The Cvent Hospitality Cloud was created to provide cloud-based solutions across the hotel group sales lifecycle. The Hospitality Cloud consists of marketing solutions and software-as-a-service (SaaS) software enabling hoteliers, convention and visitor bureaus (CVBs), and other event venue owners to more effectively generate qualified demand for meetings and events, manage that demand more efficiently, and measure group business performance. The Company offers planners a robust platform that addresses the entire life cycle of events and meetings, including budgeting, planning, venue sourcing, marketing, management and measurement of meetings. It offers six principal product categories on two integrated clouds, the Event Cloud and the Hospitality Cloud. The Event Cloud includes the five product categories - event and conference management software, enterprise solutions software, mobile event apps, pre- and post-event feedback management software, and onsite event solutions. The Hospitality Cloud includes three product categories - group marketing solutions, group demand management, and group business intelligence for hotels and venues. Event Cloud consists of Event Management; Enterprise Solutions; Mobile Event Applications; Feedback Solutions; Onsite Event & Conference Solutions; and Event Cloud Customers. Hospitality Cloud consists of Group Marketing Solutions; Group Demand Management; Group Business Intelligence; and Hospitality Cloud Customers. The Company's competitors are existing manual, paper and spreadsheet-based systems; event, meeting management and hospitality solution firms
Executives
Cynthia A Russo officer: Chief Financial Officer 8383 SENECA TURNPIKE, NEW HARTFORD NY 13413
Sanju K Bansal director 1850 TOWERS CRESCENT PLAZA, MICROSTRATEGY INC, VIENNA VA 22182
Jeffrey Lieberman director 680 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Insight Venture Partners Vii, L.p. 10 percent owner INSIGHT VENTURE ASSOCIATES VII, L.P., P.O. BOX 309 UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Partners (delaware) Vii, L.p. 10 percent owner 1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Insight Venture Associates Vii, Ltd. 10 percent owner PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Associates Vii, L.p. 10 percent owner PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Partners Vii (co-investors), L.p. 10 percent owner INSIGHT VENTURE ASSOCIATES VII, L.P.,, P.O. BOX 309 UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Venture Partners (cayman) Vii, L.p. 10 percent owner INSIGHT VENTURE ASSOCIATES VII, L.P., P.O. BOX 309 UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Insight Holdings Group, Llc 10 percent owner 1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Florence Anthony A. Jr. director 5425 WISCONSIN AVENUE, SUITE 800, CHEVY CHASE MD 20815
Nea 13 Gp, Ltd 10 percent owner 1119 ST. PAUL STREET, BALTIMORE MD 21202
Nea Partners 13, Limited Partnership 10 percent owner 1119 ST. PAUL STREET, BALTIMORE MD 21202
Krishna Kittu Kolluri 10 percent owner
New Enterprise Associates 13 Lp 10 percent owner 1119 ST PAUL STREET, BALTIMORE MD 21202

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