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Broedrene Hartmann A/S (STU:CQ5) Net-Net Working Capital : €-15.57 (As of Sep. 2023)


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What is Broedrene Hartmann A/S 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.

Broedrene Hartmann A/S's Net-Net Working Capital for the quarter that ended in Sep. 2023 was €-15.57.

The industry rank for Broedrene Hartmann A/S's Net-Net Working Capital or its related term are showing as below:

STU:CQ5's Price-to-Net-Net-Working-Capital is not ranked *
in the Packaging & Containers industry.
Industry Median: 6.56
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Broedrene Hartmann A/S Net-Net Working Capital Historical Data

The historical data trend for Broedrene Hartmann A/S'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.

Broedrene Hartmann A/S Net-Net Working Capital Chart

Broedrene Hartmann A/S Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.41 -13.47 -16.35 -20.28 -20.18

Broedrene Hartmann A/S Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -22.40 -20.18 -18.28 -16.32 -15.57

Competitive Comparison of Broedrene Hartmann A/S's Net-Net Working Capital

For the Packaging & Containers subindustry, Broedrene Hartmann A/S'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.


Broedrene Hartmann A/S's Price-to-Net-Net-Working-Capital Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Broedrene Hartmann A/S's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Broedrene Hartmann A/S's Price-to-Net-Net-Working-Capital falls into.



Broedrene Hartmann A/S Net-Net Working Capital Calculation

Broedrene Hartmann A/S's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2022 is calculated as

Net-Net Working Capital(A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(24.222+0.75 * 61.765+0.5 * 44.035-232.099
-0-0)/6.91509
=-20.18

Broedrene Hartmann A/S's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(28.709+0.75 * 66.604+0.5 * 44.277-208.447
-0-0)/6.91509
=-15.57

* 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.


Broedrene Hartmann A/S  (STU:CQ5) 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.


Broedrene Hartmann A/S Net-Net Working Capital Related Terms

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Broedrene Hartmann A/S (STU:CQ5) Business Description

Traded in Other Exchanges
N/A
Address
Ornegardsvej 18, Gentofte, DNK, DK-2820
Broedrene Hartmann A/S is engaged in the manufacture of moulded-fiber egg packaging, and manufacturer of fruit packaging. The company has two operating segments; the Eurasia segment comprises the production and sales of moulded-fibre packaging. The products are manufactured at factories in Europe, including India and Israel, and are sold to egg and fruit producers, egg and fruit packing businesses, retail chains, and buyers of industrial packaging. It also comprises the production and sales of machinery and technology to manufacturers of moulded-fibre packaging in selected markets, and the Americas segment comprises production and sales of moulded-fibre packaging sold to egg and fruit producers, egg and fruit packing businesses, and retail chains.

Broedrene Hartmann A/S (STU:CQ5) Headlines

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