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ESXRY (Esure Group) Net-Net Working Capital : $-11.65 (As of Jun. 2018)


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What is Esure Group 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.

Esure Group's Net-Net Working Capital for the quarter that ended in Jun. 2018 was $-11.65.

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

ESXRY's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 6.615
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Esure Group Net-Net Working Capital Historical Data

The historical data trend for Esure Group'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.

Esure Group Net-Net Working Capital Chart

Esure Group Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Net-Net Working Capital
Get a 7-Day Free Trial -11.91 -10.37 -11.01 -9.99 -10.81

Esure Group Semi-Annual Data
Dec10 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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 -10.52 -9.99 -10.33 -10.81 -11.65

Competitive Comparison of Esure Group's Net-Net Working Capital

For the Insurance - Diversified subindustry, Esure Group'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.


Esure Group's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Esure Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Esure Group Net-Net Working Capital Calculation

Esure Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2017 is calculated as

Net-Net Working Capital(A: Dec. 2017 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(561.26+0+0.75 * 329.223+0.5 * 0-1938.204
-0-0)/104.540
=-10.81

Esure Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2018 is calculated as

Net-Net Working Capital(Q: Jun. 2018 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(447.606+0+0.75 * 444.149+0.5 * 0-2000.798
-0-0)/104.770
=-11.65

* 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.


Esure Group  (OTCPK:ESXRY) 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.


Esure Group Net-Net Working Capital Related Terms

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Esure Group Business Description

Traded in Other Exchanges
N/A
Address
Esure Group PLC is a diversified insurance company that provides auto and home insurance products through the Esure and Sheilas' Wheels brands. Auto underwriting is Esure Group's largest product line by in-force policies. Insurance policies are distributed through price comparison websites and directly to consumers. The company's financial performance is underpinned by the selection and pricing of risks through data analysis. In addition to underwriting, Esure Group derives income from nonunderwritten additional services, along with its investment activities. The company's strategy aims to simplify the customer's experience.

Esure Group Headlines

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