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SPGX (Sustainable Projects Group) Net-Net Working Capital : $-0.01 (As of Sep. 2024)


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What is Sustainable Projects Group 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.

Sustainable Projects Group's Net-Net Working Capital for the quarter that ended in Sep. 2024 was $-0.01.

The industry rank for Sustainable Projects Group's Net-Net Working Capital or its related term are showing as below:

SPGX's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 7.29
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sustainable Projects Group Net-Net Working Capital Historical Data

The historical data trend for Sustainable Projects Group'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.

Sustainable Projects Group Net-Net Working Capital Chart

Sustainable Projects Group Annual Data
Trend May14 May15 May16 May17 May18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.16 -0.04 -0.05 -0.03 -0.01

Sustainable Projects Group 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 -0.01 -0.01 -0.01 -0.01 -0.01

Competitive Comparison of Sustainable Projects Group's Net-Net Working Capital

For the Other Industrial Metals & Mining subindustry, Sustainable Projects Group'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.


Sustainable Projects Group's Price-to-Net-Net-Working-Capital Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sustainable Projects Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Sustainable Projects Group's Price-to-Net-Net-Working-Capital falls into.


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Sustainable Projects Group Net-Net Working Capital Calculation

Sustainable Projects Group'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)
=(0.848+0.75 * 0+0.5 * 0-3.011
-0-0)/296.038
=-0.01

Sustainable Projects Group'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.602+0.75 * 0+0.5 * 0-3.514
-0-0)/306.220
=-0.01

* 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.


Sustainable Projects Group  (OTCPK:SPGX) 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.


Sustainable Projects Group Net-Net Working Capital Related Terms

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Sustainable Projects Group Business Description

Traded in Other Exchanges
N/A
Address
Tankedraget 7, Aalborg, DNK, DK-9000
Sustainable Projects Group Inc is a pure-play lithium company focused on supplying high-performance lithium compounds to the fast-growing electric vehicle (EV) and broader battery markets. It has developed a proprietary technology to extract lithium from oilfield wastewater, which It believes will enable the company to manufacture lithium compounds quickly, at an attractive cost, and with a minimal environmental footprint, which it expects to provide the company with a competitive advantage over other lithium manufacturers.
Executives
Mathiesen Sune director, officer: Chairman, President and CEO HELSTED HUSEVEJ 45, RANDERS G7 8920
Kestrel Flight Fund Llc 10 percent owner 149 MEADOWBROOK ROAD, WESTON MA 02493
Paw Juul officer: Chief Technology Officer 2316 PINE RIDGE ROAD #383, NAPLES FL 34109
Paul Meier 10 percent owner STEINLERSTRASSE 18, WANGI V8 9545
Muehlbauer Kurt Manfred Henry other: Shareholder 12851 CARRINGTON CIR, #203, NAPLES FL 34105
Tiffany Anne Muehlbauer officer: Chief Operating Officer 12850 CARRINGTON CIR, #102, NAPLES FL 34105
Stefan Muehlbauer director, officer: Chief Communications Officer 12850 CARRINGTON CIRCLE, #102, NAPLES FL 34105
Christian Winzenried director, officer: CEO / President 2316 PINE RIDGE ROAD, 383, NAPLES FL 34109
Philip Grothe director HAGELSTRASSE 72, DINSLAKEN 2M 46535
Christopher Grunder 10 percent owner 2316 PINE RIDGE ROAD, 383, NAPLES FL 34109
Suha Hachler director, officer: CFO 403 E. COMMERCE STREET, SAN ANTONIO TX 78205