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SFBS (Servisfirst Bancshares) Net-Net Working Capital : $-218.83 (As of Sep. 2024)


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What is Servisfirst Bancshares 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.

Servisfirst Bancshares's Net-Net Working Capital for the quarter that ended in Sep. 2024 was $-218.83.

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

SFBS's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 8.795
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Servisfirst Bancshares Net-Net Working Capital Historical Data

The historical data trend for Servisfirst Bancshares'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.

Servisfirst Bancshares Net-Net Working Capital Chart

Servisfirst Bancshares 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 -126.74 -144.90 -170.85 -217.25 -215.10

Servisfirst Bancshares Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -216.67 -215.10 -217.32 -221.06 -218.83

Competitive Comparison of Servisfirst Bancshares's Net-Net Working Capital

For the Banks - Regional subindustry, Servisfirst Bancshares'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.


Servisfirst Bancshares's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Servisfirst Bancshares's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Servisfirst Bancshares Net-Net Working Capital Calculation

Servisfirst Bancshares'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2030.513+900.183+0.75 * 59.181+0.5 * 0-14689.263
-0-0.5)/54.4616
=-215.10

Servisfirst Bancshares's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1756.689+1139.007+0.75 * 61.578+0.5 * 0-14878.909
-0-0.5)/54.5515
=-218.83

* 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.


Servisfirst Bancshares  (NYSE:SFBS) 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.


Servisfirst Bancshares Net-Net Working Capital Related Terms

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


Servisfirst Bancshares Business Description

Traded in Other Exchanges
N/A
Address
2500 Woodcrest Place, Birmingham, AL, USA, 35209
Servisfirst Bancshares Inc is a bank holding company. It originates commercial, consumer, and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides banking services to other financial institutions. The company offers services which include telephone banking, direct deposit, Internet banking, mobile banking, boxes, and automatic account transfers.
Executives
Henry Fulbrook Abbott officer: SVP, Chief Credit Officer 2500 WOODCREST PLACE, BIRMINGHAM AL 35209
Rodney Eldon Rushing officer: EVP-Correspondent Banking 2500 WOODCREST PLACE, BIRMINGHAM AL 35209
Kirk Pressley officer: EVP, Strategic Planning 2500 WOODCREST PLACE, BIRMINGHAM AL 35209
Thomas A Broughton director, officer: President and CEO 4229 OLD BROOK TRAIL, BIRMINGHAM AL 35243
Irma Loya Tuder director 116 CLIFTS COVE, MADISON AL 35758
Smith Hatton C.v. director 160 CLEAGE DRIVE, BIRMINGHAM AL 35217
Elizabeth Bugg Holloway director 7 MONTCREST DRIVE, BIRMINGHAM AL 35213
James J Filler director 2964 SHOOK HILL PARKWAY, BIRMINGHAM AL 35223
William M Foshee officer: EVP & CFO 5120 STRATFORD ROAD, BIRMINGHAM AL 35242
J. Richard Cashio director 3200 STERLING ROAD, BIRMINGHAM AL 35213
Andrew N Kattos officer: EVP, Huntsville Pres. of Bank P. O. BOX 18127, HUNTSVILLE AL 35804
G. Carlton Barker officer: EVP, Montgomery Pres. of Bank P. O. BOX 4008, MONTGOMERY AL 36104
Pouncey Clarence C. Iii officer: Executive VP and COO P. O. BOX 1508, BIRMINGHAM AL 35201-1508
Morris Buford Harrison Iii officer: EVP - Regional CEO 3207 FOXRIDGE ROAD, DOTHAN AL 36303
Rex D Mckinney officer: CEO - ServisFirst Bk Pensacola SERVISFIRST BANK, 316 S BAYLEN ST, STE 100, PENSACOLA FL 35202