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TPG Pace Beneficial Finance (TPG Pace Beneficial Finance) Net-Net Working Capital : $-0.30 (As of Jun. 2022)


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What is TPG Pace Beneficial Finance 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.

TPG Pace Beneficial Finance's Net-Net Working Capital for the quarter that ended in Jun. 2022 was $-0.30.

The industry rank for TPG Pace Beneficial Finance's Net-Net Working Capital or its related term are showing as below:

TPGY's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

TPG Pace Beneficial Finance Net-Net Working Capital Historical Data

The historical data trend for TPG Pace Beneficial Finance'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.

TPG Pace Beneficial Finance Net-Net Working Capital Chart

TPG Pace Beneficial Finance Annual Data
Trend Dec19 Dec20 Dec21
Net-Net Working Capital
- -7.84 -0.85

TPG Pace Beneficial Finance Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.23 -1.30 -0.85 -0.43 -0.30

Competitive Comparison of TPG Pace Beneficial Finance's Net-Net Working Capital

For the Shell Companies subindustry, TPG Pace Beneficial Finance'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.


TPG Pace Beneficial Finance's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, TPG Pace Beneficial Finance's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where TPG Pace Beneficial Finance's Price-to-Net-Net-Working-Capital falls into.



TPG Pace Beneficial Finance Net-Net Working Capital Calculation

TPG Pace Beneficial Finance's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.133+0.75 * 0+0.5 * 0-38.506
-0-0)/43.75
=-0.85

TPG Pace Beneficial Finance's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2022 is calculated as

Net-Net Working Capital(Q: Jun. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.403+0.75 * 0+0.5 * 0-17.461
-0-0)/43.75
=-0.30

* 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.


TPG Pace Beneficial Finance  (NYSE:TPGY) 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.


TPG Pace Beneficial Finance Net-Net Working Capital Related Terms

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TPG Pace Beneficial Finance (TPG Pace Beneficial Finance) Business Description

Traded in Other Exchanges
N/A
Address
301 Commerce Street, Suite 3300, Fort Worth, TX, USA, 76102
TPG Pace Beneficial Finance Corp is a blank check company.
Executives
Jon Winkelried director, 10 percent owner C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Tybourne Capital Management (hk) Ltd 10 percent owner SUITES 1021-25, 10/F, CHAMPION TOWER, 3 GARDEN ROAD, CENTRAL, HONG KONG K3 XXXXX
Light Street Mercury Master Fund, L.p. 10 percent owner 525 UNIVERSITY AVENUE, SUITE 300, PALO ALTO CA 94301
Light Street Capital Management, Llc 10 percent owner 505 HAMILTON AVENUE, SUITE 110, PALO ALTO CA 94301
Viswanathan Krishnan 10 percent owner 30/F, AIA CENTRAL, 1 CONNAUGHT ROAD C, HONG KONG K3 00000
Tybourne Capital Management Ltd 10 percent owner 30/F, AIA CENTRAL, 1 CONNAUGHT ROAD C, HONG KONG K3 XXXXX
Tybourne Kesari Ltd 10 percent owner 30/F, AIA CENTRAL, 1 CONNAUGHT ROAD C, HONG KONG K3 XXXXX
Glen Thomas Kacher 10 percent owner 525 UNIVERSITY AVENUE, SUITE 300, PALO ALTO CA 94301
Tpg Pace Beneficial Finance Sponsor, Series Llc director, 10 percent owner C/O TPG PACE BENEFICIAL FINANCE CORP.,, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Chad A Leat director C/O UNITED AMERICA INDEMNITY GROUP INC., 3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Maryanne Hancock director C/O TPG PACE HOLDINGS, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Nancy Mahon director C/O TPG PACE BENEFICIAL FINANCE CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Martin Davidson officer: Chief Financial Officer C/O TPG PACE ENERGY HOLDINGS CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Eduardo Tamraz officer: Secretary C/O TPG PACE ENERGY HOLDINGS CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Michael G. Macdougall officer: President 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102

TPG Pace Beneficial Finance (TPG Pace Beneficial Finance) Headlines

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