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Fastned BV (XAMS:FAST) Net-Net Working Capital : €-1.68 (As of Jun. 2023)


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What is Fastned BV 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.

Fastned BV's Net-Net Working Capital for the quarter that ended in Jun. 2023 was €-1.68.

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

XAMS:FAST's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6.26
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Fastned BV Net-Net Working Capital Historical Data

The historical data trend for Fastned BV'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.

Fastned BV Net-Net Working Capital Chart

Fastned BV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net-Net Working Capital
Get a 7-Day Free Trial -1.87 -3.02 -4.27 1.47 -

Fastned BV Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.53 1.47 -0.65 - -1.68

Competitive Comparison of Fastned BV's Net-Net Working Capital

For the Specialty Retail subindustry, Fastned BV'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.


Fastned BV's Price-to-Net-Net-Working-Capital Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fastned BV's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Fastned BV Net-Net Working Capital Calculation

Fastned BV'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)
=(149.549+0.75 * 6.656+0.5 * 0-154.585
-0-0)/19.055
=-0.00

Fastned BV's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2023 is calculated as

Net-Net Working Capital(Q: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(132.577+0.75 * 9.026+0.5 * 0-171.379
-0-0)/19.1013
=-1.68

* 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.


Fastned BV  (XAMS:FAST) 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.


Fastned BV Net-Net Working Capital Related Terms

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Fastned BV (XAMS:FAST) Business Description

Traded in Other Exchanges
Address
James Wattstraat 77R, Amsterdam, NH, NLD, 1097 DL
Fastned BV is engaged in providing fast charging services for electric vehicles. The company's technology is available for all types of electric vehicles such as Tesla Model 3/S/X, Nissan Leaf, BMW i3, and Hyundai Ioniq. The company has operations in the Netherlands, Germany, the United Kingdom, France, Switzerland, and Belgium. The majority of its operations and charging stations are in the Netherlands.

Fastned BV (XAMS:FAST) Headlines

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