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Wall Financial (TSX:WFC) Net-Net Working Capital : C$-22.59 (As of Apr. 2025)


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What is Wall Financial 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.

Wall Financial's Net-Net Working Capital for the quarter that ended in Apr. 2025 was C$-22.59.

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

TSX:WFC's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.32
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Wall Financial Net-Net Working Capital Historical Data

The historical data trend for Wall Financial'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.

Wall Financial Net-Net Working Capital Chart

Wall Financial Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19.81 -19.82 -18.19 -21.12 -22.44

Wall Financial Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 -21.98 -21.96 -22.05 -22.44 -22.59

Competitive Comparison of Wall Financial's Net-Net Working Capital

For the Real Estate - Development subindustry, Wall Financial'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.


Wall Financial's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wall Financial's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Wall Financial Net-Net Working Capital Calculation

Wall Financial's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jan. 2025 is calculated as

Net-Net Working Capital(A: Jan. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(10.81+0.75 * 8.097+0.5 * 18.422-696.28
-0-50.187)/32.104
=-22.44

Wall Financial's Net-Net Working Capital (NNWC) per share for the quarter that ended in Apr. 2025 is calculated as

Net-Net Working Capital(Q: Apr. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(8.803+0.75 * 6.681+0.5 * 12.096-693.681
-0-51.238)/32.094
=-22.59

* 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.


Wall Financial  (TSX:WFC) 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.


Wall Financial Net-Net Working Capital Related Terms

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Wall Financial Business Description

Traded in Other Exchanges
N/A
Address
1088 Burrard Street, 5th Floor, Office Of The President, Vancouver, BC, CAN, V6Z 2R9
Wall Financial Corp is in the development and management of residential rental units, the development and construction of residential housing for resale, and the development and management of hotel properties. It owns and manages two hotel properties in Metro Vancouver namely the Sheraton Vancouver Wall Centre Hotel and the Westin Wall Centre Vancouver Airport Hotel. It operates in three segments of the real estate industry namely, Ownership and management of revenue-producing residential and commercial properties (Rental), Ownership and management of hotel properties (Hotel), and the development and sale of residential housing (Development). It earns majority of its revenue from Ownership and management of hotel properties (Hotel) segment.
Executives
Bjw Capital Ltd. 10% Security Holder
Bruno Jacob Wall 10% Security Holder, Director, Senior Officer
David Eugene Gruber Director
Michael Clare Redekop Director
Sascha Amadeus Pender Voth Senior Officer