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Fortress Value Acquisition IV (Fortress Value Acquisition IV) Net-Net Working Capital : $-0.31 (As of Sep. 2022)


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What is Fortress Value Acquisition IV 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.

Fortress Value Acquisition IV's Net-Net Working Capital for the quarter that ended in Sep. 2022 was $-0.31.

The industry rank for Fortress Value Acquisition IV's Net-Net Working Capital or its related term are showing as below:

FVIV's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.8
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Fortress Value Acquisition IV Net-Net Working Capital Historical Data

The historical data trend for Fortress Value Acquisition IV'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.

Fortress Value Acquisition IV Net-Net Working Capital Chart

Fortress Value Acquisition IV Annual Data
Trend Dec20 Dec21
Net-Net Working Capital
- -0.45

Fortress Value Acquisition IV Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Net-Net Working Capital Get a 7-Day Free Trial -0.48 -0.45 -0.37 -0.31 -0.31

Competitive Comparison of Fortress Value Acquisition IV's Net-Net Working Capital

For the Shell Companies subindustry, Fortress Value Acquisition IV'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.


Fortress Value Acquisition IV's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Fortress Value Acquisition IV's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Fortress Value Acquisition IV's Price-to-Net-Net-Working-Capital falls into.



Fortress Value Acquisition IV Net-Net Working Capital Calculation

Fortress Value Acquisition IV's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.821+0.75 * 0+0.5 * 0-38.178
-0-0)/81.25
=-0.45

Fortress Value Acquisition IV's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2022 is calculated as

Net-Net Working Capital(Q: Sep. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.983+0.75 * 0+0.5 * 0-26.567
-0-0)/81.25
=-0.31

* 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.


Fortress Value Acquisition IV  (NYSE:FVIV) 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.


Fortress Value Acquisition IV Net-Net Working Capital Related Terms

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Fortress Value Acquisition IV (Fortress Value Acquisition IV) Business Description

Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, 46th Floor, New York, NY, USA, 10105
Fortress Value Acquisition Corp IV is a blank check company.
Executives
Teddy B Bartley director C/O FORTRESS VALUE ACQUISITION CORP. IV, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Leilani Verge director C/O FORTRESS VALUE ACQUISITION CORP. IV, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
David Weinreb director 13355 NOEL ROAD, SUITE 950, DALLAS TX 75240
Andrew A. Mcknight director ONE MARKET PLAZA, SPEAR TOWER 42ND FLOOR, SAN FRANCISCO CA 94123
Joshua A Pack director, officer: Chief Executive Officer C/O FIG LLC, 10250 CONSTELLATION BLVD., SUITE 1600, LOS ANGELES CA 90067
Daniel Bass officer: Chief Financial Officer 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Micah B Kaplan officer: Chief Operating Officer C/O FORTRESS INVESTMENT GROUP, LLC, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Alexander P Gillette officer: General Counsel and Secretary C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Marc Furstein director C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Leslee Cowen director C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fortress Value Acquisition Sponsor Iv Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Claudio Reyna director C/O FORTRESS VALUE ACQUISITION CORP. IV, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105

Fortress Value Acquisition IV (Fortress Value Acquisition IV) Headlines