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IWSH (Wright Investors' Service Holdings) Net-Net Working Capital : $0.12 (As of Sep. 2024)


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What is Wright Investors' Service Holdings 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.

Wright Investors' Service Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2024 was $0.12.

The industry rank for Wright Investors' Service Holdings's Net-Net Working Capital or its related term are showing as below:

IWSH's Price-to-Net-Net-Working-Capital is ranked worse than
58.56% of 222 companies
in the Diversified Financial Services industry
Industry Median: 1.15 vs IWSH: 1.38

Wright Investors' Service Holdings Net-Net Working Capital Historical Data

The historical data trend for Wright Investors' Service Holdings'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.

Wright Investors' Service Holdings Net-Net Working Capital Chart

Wright Investors' Service Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.32 0.26 0.20 0.15

Wright Investors' Service Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.17 0.15 0.14 0.13 0.12

Competitive Comparison of Wright Investors' Service Holdings's Net-Net Working Capital

For the Shell Companies subindustry, Wright Investors' Service Holdings'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.


Wright Investors' Service Holdings's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Wright Investors' Service Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Wright Investors' Service Holdings's Price-to-Net-Net-Working-Capital falls into.



Wright Investors' Service Holdings Net-Net Working Capital Calculation

Wright Investors' Service Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.269+0.75 * 0+0.5 * 0-0.083
-0-0)/20.6207
=0.15

Wright Investors' Service Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.622+0.75 * 0+0.5 * 0-0.075
-0-0)/20.6207
=0.12

* 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.


Wright Investors' Service Holdings  (OTCPK:IWSH) 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.


Wright Investors' Service Holdings Net-Net Working Capital Related Terms

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Wright Investors' Service Holdings Business Description

Traded in Other Exchanges
N/A
Address
118 North Bedford Road, Suite 100, Mount Kisco, NY, USA, 10549
Wright Investors' Service Holdings Inc is a shell company.
Executives
Miller William H Iii 10 percent owner C/O APG LLC, ONE SOUTH STREET, SUITE 2550, BALTIMORE MD 21202
Harvey P Eisen director, 10 percent owner, officer: CEO 100 SOUTH BEDFORD ROAD, MT KISCO NY 10549
Cove Street Capital, Llc 10 percent owner 525 SOUTH DOUGLAS STREET, SUITE 225, EL SEGUNDO CA 90245
Cameron Dort A Iii director
Jeffrey Bronchick 10 percent owner 2101 EAST EL SEGUNDO BOULEVARD, SUITE 302, EL SEGUNDO CA 90245
Andrew Leaf 10 percent owner 2101 E EL SEGUNDO BOULEVARD, SUITE 302, EL SEGUNDO CA 90245
Paul Hinkle 10 percent owner 2101 E EL SEGUNDO BOULEVARD, SUITE 302, EL SEGUNDO CA 90245
Eugene Vlad Robin 10 percent owner 2508 FISK LANE, REDONDO BEACH CA 90278
Harold D. Kahn officer: Acting CFO & PAO 177 WEST PUTNAM AVENUE, GREENWICH CT 06830
Marshall S Geller director 10866 WILSHIRE BLVD., SUITE 1450, LOS ANGELES CA 90024
Amit S Khandwala officer: Co- CEO. The Winthrop Corp. 5 MAYFAIR DRIVE, TRUMBULL CT 06611
Pfenniger Richard C Jr director 4400 BISCAYNE BLVD., MIAMI FL 33137
Peter M. Donovan director, officer: CEO of Operating Subsidiary C/O THE WINTHROP CORPORATION, 440 WHEELERS FARM ROAD, MILFORD CT 06461
Thomas J Hayes officer: Chief Operating Officer 100 SOUTH BEDFORD ROAD, SUITE 2R, MOUNT KISCO NY 10549
Bedford Oak Capital Lp 10 percent owner