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NTELOS Holdings (NTELOS Holdings) Net-Net Working Capital : $-25.35 (As of Dec. 2015)


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What is NTELOS Holdings 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.

NTELOS Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2015 was $-25.35.

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

NTLS's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 7.95
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

NTELOS Holdings Net-Net Working Capital Historical Data

The historical data trend for NTELOS Holdings'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.

NTELOS Holdings Net-Net Working Capital Chart

NTELOS Holdings Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -23.24 -24.28 -25.30 -26.50 -25.35

NTELOS Holdings Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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 -26.50 -25.93 -23.56 -24.15 -25.35

Competitive Comparison of NTELOS Holdings's Net-Net Working Capital

For the Telecom Services subindustry, NTELOS Holdings'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.


NTELOS Holdings's Price-to-Net-Net-Working-Capital Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, NTELOS Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



NTELOS Holdings Net-Net Working Capital Calculation

NTELOS Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2015 is calculated as

Net-Net Working Capital(A: Dec. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(72.687+0.75 * 53.021+0.5 * 13.345-682.015
-0-1.572)/22.264
=-25.35

NTELOS Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2015 is calculated as

Net-Net Working Capital(Q: Dec. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(72.687+0.75 * 53.021+0.5 * 13.345-682.015
-0-1.572)/22.264
=-25.35

* 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.


NTELOS Holdings  (NAS:NTLS) 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.


NTELOS Holdings Net-Net Working Capital Related Terms

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NTELOS Holdings (NTELOS Holdings) Business Description

Traded in Other Exchanges
N/A
Address
NTELOS Holdings Corp was incorporated on January 14, 2005. The Company is a provider of digital wireless communications services to consumers and businesses in Virginia and West Virginia, as well as parts of Maryland, North Carolina, Pennsylvania, Ohio and Kentucky. It offers wireless voice and CDMA digital data PCS products and services to retail and business customers under the NTELOS Wireless and FRAWG Wireless brand names. It conducts its businesses through NTELOS-branded retail operations, which sells its products and services via direct and indirect distribution channels, and provides network access to other telecommunications carriers through an arrangement with Sprint Spectrum L.P. The Company currently offers 20 devices across 13 brands, including Apple iPhone, Motorola, LG, Samsung and HTC products, and offers its customers smartphone operating systems such as Android and iOS. All devices are available for both postpay and prepay/no-contract services. Its customer service is supported by three regional call centers, 61 company-operated direct retail locations, 384 indirect retail distribution locations, and an additional 459 third-party payment centers. It also markets FRAWG Wireless, a no contract service intended to attract consumers who choose a prepay service option. In the postpay market, the Company competes with AT&T, Sprint, Verizon, T-Mobile and U.S. Cellular, as well as a number of reseller/affiliates of some or all of these companies. In the prepay wireless service, it competes with Boost, Straight Talk, Virgin Mobile, TracFone, Simple Mobile and Net10. The Company's communications and wireless operations are subject to various federal, state laws, and local regulation intended to protect the privacy of customers who subscribe to its services.
Executives
Daniel Heneghan director
Rodney D Dir director, officer: Chief Executive Officer C/O NTELOS HOLDINGS CORP., 1154 SHENANDOAH VILLAGE DRIVE, WAYNESBORO VA 22980
Quadrangle Select Partners Ii L P 10 percent owner 375 PARK AVE, NEW YORK NY 10152
Quadrangle Capital Partners Ii-a L P 10 percent owner 375 PARK AVE, NEW YORK NY 10152
Quadrangle Gp Investors Ii Lp 10 percent owner C/O QUADRANGLE GROUP LLC, 375 PARK AVENUE, NEW YORK NY 10152
Qcp Gp Investors Ii Llc 10 percent owner C/O QUADRANGLE GROUP LLC, 1271 AVENUE OF THE AMERICAS, SUITE 43A, NEW YORK NY 10020
Hunter Conrad officer: EVP, Chief Operating Officer 1901 N. ROSELLE ROAD, SUITE 500, SCHAUMBURG IL 60195
Alfheidur Saemundsson director C/O DAVIS POLK & WARDWELL LLP, 450 LEXINGTON AVE, NEW YORK NY 10017
Jerry Elliott director
Robert E Guth director 750 THIRD AVENUE NEW YORK NY 10017
Jerry E Vaughn director US UNWIRED INC 901 LAKESHORE DRIVE LAKE CHARLES LA 70601
Julia B North director 1170 PEACHTREE STR NE, SUITE 2300, ATLANTA GA 30309
Citigroup Inc director 388 GREENWICH STREET, NEW YORK NY 10013
Citicorp Banking Corp director ONE PENNS WAY, NEW CASTLE DE 19720
Court Square Capital Ltd director 399 PARK AVE, NEW YORK NY 10043