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Ecomembrane SpA (MIL:ECMB) Net-Net Working Capital : €1.03 (As of Dec. 2023)


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What is Ecomembrane SpA 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.

Ecomembrane SpA's Net-Net Working Capital for the quarter that ended in Dec. 2023 was €1.03.

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

MIL:ECMB's Price-to-Net-Net-Working-Capital is ranked better than
54.48% of 134 companies
in the Packaging & Containers industry
Industry Median: 6 vs MIL:ECMB: 5.53

Ecomembrane SpA Net-Net Working Capital Historical Data

The historical data trend for Ecomembrane SpA'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.

Ecomembrane SpA Net-Net Working Capital Chart

Ecomembrane SpA Annual Data
Trend Dec21 Dec22 Dec23
Net-Net Working Capital
-0.58 -1.01 1.03

Ecomembrane SpA Semi-Annual Data
Dec21 Dec22 Jun23 Dec23
Net-Net Working Capital -0.58 -1.01 1.38 1.03

Competitive Comparison of Ecomembrane SpA's Net-Net Working Capital

For the Packaging & Containers subindustry, Ecomembrane SpA'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.


Ecomembrane SpA's Price-to-Net-Net-Working-Capital Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ecomembrane SpA's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Ecomembrane SpA Net-Net Working Capital Calculation

Ecomembrane SpA'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)
=(7.476+0.75 * 5.974+0.5 * 4.011-9.555
-0-0)/4.29412
=1.03

Ecomembrane SpA'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)
=(7.476+0.75 * 5.974+0.5 * 4.011-9.555
-0-0)/4.29412
=1.03

* 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.


Ecomembrane SpA  (MIL:ECMB) 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.


Ecomembrane SpA Net-Net Working Capital Related Terms

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Ecomembrane SpA (MIL:ECMB) Business Description

Traded in Other Exchanges
N/A
Address
Via Pari Opportunita n. 9, Gadesco, Pieve Delmona, ITA, 26030
Ecomembrane SpA operates in the sector of design, sale and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2 and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has the most extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.

Ecomembrane SpA (MIL:ECMB) Headlines

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