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Evoqua Water Technologies (FRA:E0W) Net-Net Working Capital : €-7.72 (As of Mar. 2023)


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What is Evoqua Water 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.

Evoqua Water Technologies's Net-Net Working Capital for the quarter that ended in Mar. 2023 was €-7.72.

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

FRA:E0W's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 6.93
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Evoqua Water Technologies Net-Net Working Capital Historical Data

The historical data trend for Evoqua Water 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.

Evoqua Water Technologies Net-Net Working Capital Chart

Evoqua Water Technologies Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Net-Net Working Capital
Get a 7-Day Free Trial -7.26 -7.98 -6.56 -6.03 -8.33

Evoqua Water Technologies Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -7.85 -8.07 -8.33 -7.90 -7.72

Competitive Comparison of Evoqua Water Technologies's Net-Net Working Capital

For the Pollution & Treatment Controls subindustry, Evoqua Water 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.


Evoqua Water Technologies's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Evoqua Water Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Evoqua Water Technologies Net-Net Working Capital Calculation

Evoqua Water Technologies's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2022 is calculated as

Net-Net Working Capital(A: Sep. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(135.345+0.75 * 308.769+0.5 * 229.312-1495.578
-0-0)/121.747
=-8.33

Evoqua Water Technologies's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2023 is calculated as

Net-Net Working Capital(Q: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(105.769+0.75 * 283.801+0.5 * 222.054-1373.228
-0-0)/122.28
=-7.72

* 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.


Evoqua Water Technologies  (FRA:E0W) 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.


Evoqua Water Technologies Net-Net Working Capital Related Terms

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Evoqua Water Technologies (FRA:E0W) Business Description

Traded in Other Exchanges
N/A
Address
210 Sixth Avenue, Pittsburgh, PA, USA, 15222
Evoqua Water Technologies Corp is a provider of critical water treatment solutions, offering services, systems, and technologies to support its customers' full water lifecycle needs. The company operates two segments namely Integrated Solutions and Services and Applied Product Technologies. The Integrated Solutions and Services segment provides fully-integrated systems and service solutions that selectively utilize its portfolio of water treatment technologies to satisfy customers' water needs. It engages directly with end-users. Applied Product Technologies is focused on developing product platforms to be sold primarily through third-party channels. The company generates maximum revenue from the Integrated Solutions and Services segment.

Evoqua Water Technologies (FRA:E0W) Headlines

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