AX Real Estate (MAL:AXR) Net-Net Working Capital : €-0.66 (As of Oct. 2024)

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What is AX Real Estate 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.

AX Real Estate's Net-Net Working Capital for the quarter that ended in Oct. 2024 was €-0.66.

The industry rank for AX Real Estate's Net-Net Working Capital or its related term are showing as below:

MAL:AXR's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Real Estate industry.
Industry Median: 4.55
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

AX Real Estate Net-Net Working Capital Historical Data

The historical data trend for AX Real Estate'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.

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AX Real Estate Net-Net Working Capital Chart

AX Real Estate Annual Data

Trend

Oct22

Oct23

Oct24

Net-Net Working Capital

-0.53

-141.19

-0.66

AX Real Estate Semi-Annual Data
	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Net-Net Working Capital	Get a 7-Day Free Trial			-0.53	-0.52	-141.19	-144.74	-0.66

Competitive Comparison of AX Real Estate's Net-Net Working Capital

For the Real Estate - Diversified subindustry, AX Real Estate'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.

AX Real Estate's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

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

* The bar in red indicates where AX Real Estate's Price-to-Net-Net-Working-Capital falls into.

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AX Real Estate Net-Net Working Capital Calculation

AX Real Estate's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Oct. 2024 is calculated as

	Net-Net Working Capital		(A: Oct. 2024 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.28	+	0.75 * 0.282	+	0.5 * 0.275	-	186.461
-	0	-	0)	/	274.337
=	-0.66

AX Real Estate's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2024 is calculated as

	Net-Net Working Capital		(Q: Oct. 2024 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.28	+	0.75 * 0.282	+	0.5 * 0.275	-	186.461
-	0	-	0)	/	274.337
=	-0.66

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.

AX Real Estate (MAL:AXR) 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.

AX Real Estate Net-Net Working Capital Related Terms

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AX Real Estate Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741

Website

https://www.axrealestate.mt

AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. It is engaged in four main business sectors namely, Care, Construction, Hospitality, Real Estate, and Development, and is also involved in renewable energy. It operates into Five reportable segments Hospitality, Care home, Offices, Residential, and Warehousing. It generates the majority of its revenue from the Hospitality segment.