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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.
Mynaric AG's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-5.72.
The industry rank for Mynaric AG's Net-Net Working Capital or its related term are showing as below:
MYNAY's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 9.02 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Mynaric AG (OTCPK:MYNAY) 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.
Mynaric AG Net-Net Working Capital Related Terms
Mynaric AG Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Mynaric AG'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.
MYNAY vs CSCO, MSI, HPE: Net-Net Working Capital Comparison
For the Communication Equipment subindustry, Mynaric AG'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.
Mynaric AG Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Mynaric AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Mynaric AG's Price-to-Net-Net-Working-Capital falls into.
* 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.
What does a Net-Net Working Capital of $-5.72 mean?
Mynaric AG (MYNAY) has a Net-Net Working Capital of $-5.72 as of Dec. 2023. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Mynaric AG
Is Mynaric AG's Net-Net Working Capital too high?
Mynaric AG's current Net-Net Working Capital is $-5.72. Overall, Mynaric AG has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Mynaric AG's Net-Net Working Capital compare to CSCO and MSI?
Mynaric AG's Net-Net Working Capital of $-5.72 can be compared against companies in the Hardware industry. The industry median Net-Net Working Capital is 9.02. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Hardware company?
The median Net-Net Working Capital among Hardware companies is 9.02, based on 1,148 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Mynaric AG For the Hardware industry, the median Net-Net Working Capital is 9.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mynaric AG's current Net-Net Working Capital is $-5.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mynaric AG stock overvalued right now?
Mynaric AG (MYNAY) has a current Net-Net Working Capital of $-5.72. The current Net-Net Working Capital is $-5.72. Mynaric AG's overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Mynaric AG (MYNAY), the current Net-Net Working Capital is $-5.72 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminals. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eyes, satellite constellations, earth observation satellites, and others. Geographically, its key revenue is derived from the United States.
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