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Fugro NV (FRA:F3DC) Net-Net Working Capital : €-5.62 (As of Jun. 2023)


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What is Fugro NV 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.

Fugro NV's Net-Net Working Capital for the quarter that ended in Jun. 2023 was €-5.62.

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

FRA:F3DC's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.72
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Fugro NV Net-Net Working Capital Historical Data

The historical data trend for Fugro NV'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.

Fugro NV Net-Net Working Capital Chart

Fugro NV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.36 -19.58 -6.29 -6.34 -4.98

Fugro NV Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 -6.87 -6.34 -6.77 -4.98 -5.62

Competitive Comparison of Fugro NV's Net-Net Working Capital

For the Oil & Gas Equipment & Services subindustry, Fugro NV'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.


Fugro NV's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Fugro NV's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Fugro NV Net-Net Working Capital Calculation

Fugro NV's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(209.09+0.75 * 291.207+0.5 * 35.079-991.129
-0-11.269)/111.923
=-4.98

Fugro NV's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2023 is calculated as

Net-Net Working Capital(Q: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(188.9+0.75 * 302.4+0.5 * 37.5-1053.7
-0-10.3)/111.923
=-5.62

* 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.


Fugro NV  (FRA:F3DC) 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.


Fugro NV Net-Net Working Capital Related Terms

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Fugro NV (FRA:F3DC) Business Description

Industry
Traded in Other Exchanges
Address
Veurse Achterweg 10, Leidschendam, ZH, NLD, 2264 SG
Fugro NV is a provider of geo-intelligence and asset integrity solutions for construction, infrastructure, and natural resources projects. The company collects geotechnical and survey data on onshore and offshore oil fields. The business activities of the group are carried out through the Marine and Land divisions, the majority are from the Marine division. The company has four integrated regions: Europe-Africa (E-A), Americas (AM), Asia Pacific (APAC), and Middle East & India (MEI), out of which the majority is from E-A. Fugro N.V.'s client segments are oil & gas, renewables, infrastructure, and water, the majority is derived from Oil & Gas.

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