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MSGM (Motorsport Games) Net-Net Working Capital : $-1.17 (As of Mar. 2025)


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What is Motorsport Games 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.

Motorsport Games's Net-Net Working Capital for the quarter that ended in Mar. 2025 was $-1.17.

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

MSGM's Price-to-Net-Net-Working-Capital is not ranked *
in the Interactive Media industry.
Industry Median: 5.55
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Motorsport Games Net-Net Working Capital Historical Data

The historical data trend for Motorsport Games'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.

Motorsport Games Net-Net Working Capital Chart

Motorsport Games Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial -9.94 6.83 -12.69 -2.39 -1.20

Motorsport Games Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -2.00 -0.64 -0.46 -1.20 -1.17

Competitive Comparison of Motorsport Games's Net-Net Working Capital

For the Electronic Gaming & Multimedia subindustry, Motorsport Games'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.


Motorsport Games's Price-to-Net-Net-Working-Capital Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Motorsport Games's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Motorsport Games Net-Net Working Capital Calculation

Motorsport Games's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.859+0.75 * 1.447+0.5 * 0-5.042
-0-0.73)/3.184
=-1.20

Motorsport Games's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.05+0.75 * 0.868+0.5 * 0-4.647
-0-0.768)/3.184
=-1.17

* 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.


Motorsport Games  (NAS:MSGM) 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.


Motorsport Games Net-Net Working Capital Related Terms

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Motorsport Games Business Description

Traded in Other Exchanges
N/A
Address
5972 NE 4th Avenue, Miami, FL, USA, 33137
Motorsport Games Inc is a motorsport network company that combines engaging video games with esports competitions and content for racing fans and gamers around the globe. The company has its reportable segments into the development and publishing of interactive racing video games, entertainment content and services, and the organization and facilitation of esports tournaments, competitions, and events for licensed racing games as well as on behalf of third-party video game racing series and other video game publishers. The majority of the revenue is earned from Gaming.
Executives
Mike Zoi 10 percent owner 12100 NE 16TH AVENUE, #210, NORTH MIAMI FL 33161
Navtej Singh Sunner director 115 OVERSLADE LANE, RUGBY X0 CV226EE
Andrew P. Jacobson director 3825 N. PAULINA STREET, CHICAGO IL 60613
John Delta officer: Interim CFO 8800 HSC PARKWAY, BRYAN TX 77807
Peter R Moore director 200 DOMAIN DRIVE, STRATHAM NH 03885
Jonathan New officer: Chief Financial Officer 12100 NE 16TH AVENUE, #210, NORTH MIAMI FL 33161
Francesco Piovanetti director CITY VIEW PLAZA I SUITE 800, CARR. 165KM, 1.2, GUAYNABO PR 00968
Dmitry Kozko director, officer: Chief Executive Officer 1450 SOUTH MIAMI AVENUE, MIAMI FL 33130
Neil T Anderson director 125 BROAD STREET, 28TH FLOOR, NEW YORK NY 10004
Rob Dyrdek director 3130 WILSHIRE BLVD., SUITE 600, SANTA MONICA CA 90404
Stephen Hood officer: President SILVERSTONE INNOVATION CENTRE, SILVERSTONE X0 NN12 8GX
James William Allen director 1 ETON STREET,, MOTORSPORT NETWORK, RICHMOND, LONDON X0 TW9 1AG
Motorsport Network, Llc 10 percent owner 5972 NE 4TH AVENUE, MIAMI FL 33137