New Frontier Properties (JSE:NFP) Net-Net Working Capital : R-14.44 (As of May. 2020)

New Frontier Properties Net-Net Working Capital Chart

New Frontier Properties Quarterly Data
	May15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20
Net-Net Working Capital	Get a 7-Day Free Trial															-18.57	-18.78	-12.36	-12.53	-14.44

Competitive Comparison of New Frontier Properties's Net-Net Working Capital

For the REIT - Retail subindustry, New Frontier Properties'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.

New Frontier Properties's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, New Frontier Properties's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where New Frontier Properties's Price-to-Net-Net-Working-Capital falls into.

New Frontier Properties Net-Net Working Capital Calculation

New Frontier Properties's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Aug. 2019 is calculated as

New Frontier Properties's Net-Net Working Capital (NNWC) per share for the quarter that ended in May. 2020 is calculated as

* 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.

New Frontier Properties  (JSE:NFP) 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.

New Frontier Properties Net-Net Working Capital Related Terms

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New Frontier Properties (JSE:NFP) Business Description