GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Severstal PAO (MIC:CHMF) » Definitions » Net-Net Working Capital

Severstal PAO (MIC:CHMF) Net-Net Working Capital : ₽101.05 (As of Dec. 2023)


View and export this data going back to 2005. Start your Free Trial

What is Severstal PAO 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.

Severstal PAO's Net-Net Working Capital for the quarter that ended in Dec. 2023 was ₽101.05.

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

MIC:CHMF's Price-to-Net-Net-Working-Capital is not ranked *
in the Steel industry.
Industry Median: 4
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Severstal PAO Net-Net Working Capital Historical Data

The historical data trend for Severstal PAO'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.

Severstal PAO Net-Net Working Capital Chart

Severstal PAO 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 -197.37 -287.53 -263.74 -55.35 101.05

Severstal PAO Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -263.74 - -55.35 46.01 101.05

Competitive Comparison of Severstal PAO's Net-Net Working Capital

For the Steel subindustry, Severstal PAO'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.


Severstal PAO's Price-to-Net-Net-Working-Capital Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Severstal PAO's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


;
;

Severstal PAO Net-Net Working Capital Calculation

Severstal PAO'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)
=(376451+0.75 * 33567+0.5 * 128955-380287
-0-1166)/837.719
=101.05

Severstal PAO's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(376451+0.75 * 33567+0.5 * 128955-380287
-0-1166)/837.719
=101.05

* 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.


Severstal PAO  (MIC:CHMF) 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.


Severstal PAO Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Severstal PAO's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Severstal PAO Business Description

Traded in Other Exchanges
N/A
Address
Klary Tsetkin Street, 2, Moscow, RUS, 127299
Severstal PAO is a vertically integrated steel and mining company in Russia. The company has two operating divisions: Severstal Resources and Severstal Russian Steel. Its core asset is the Cherepovets steel mill, which is located within easy access of the company's mining operations, the Baltic ports, and Russia's industrial heartland. The company produces iron ore pellets, iron ore concentrates, crushed stones, ferrite strontium powder, coking & steam coal, and coking coal concentrate. These materials are provided to six industry categories: construction and service processing, tube and pipe, oil and gas, machinery, autos, and others. Construction and service processing accounts for a majority of sales. Severstal generates most of its revenue in Russia.

Severstal PAO Headlines

No Headlines