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Bulgarian Real Estate Fund REIT (XBUL:BREF) Net-Net Working Capital : лв-0.78 (As of Sep. 2024)


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What is Bulgarian Real Estate Fund REIT 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.

Bulgarian Real Estate Fund REIT's Net-Net Working Capital for the quarter that ended in Sep. 2024 was лв-0.78.

The industry rank for Bulgarian Real Estate Fund REIT's Net-Net Working Capital or its related term are showing as below:

XBUL:BREF's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 15.21
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Bulgarian Real Estate Fund REIT Net-Net Working Capital Historical Data

The historical data trend for Bulgarian Real Estate Fund REIT'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.

Bulgarian Real Estate Fund REIT Net-Net Working Capital Chart

Bulgarian Real Estate Fund REIT Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.28 -0.21 -0.88 -0.83

Bulgarian Real Estate Fund REIT Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 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 -0.83 -0.83 -0.79 -0.78 -0.78

Competitive Comparison of Bulgarian Real Estate Fund REIT's Net-Net Working Capital

For the REIT - Diversified subindustry, Bulgarian Real Estate Fund REIT'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.


Bulgarian Real Estate Fund REIT's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Bulgarian Real Estate Fund REIT's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Bulgarian Real Estate Fund REIT's Price-to-Net-Net-Working-Capital falls into.


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Bulgarian Real Estate Fund REIT Net-Net Working Capital Calculation

Bulgarian Real Estate Fund REIT'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)
=(4.212+0.75 * 1.079+0.5 * 0-33.605
-0-0)/34.642
=-0.83

Bulgarian Real Estate Fund REIT'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)
=(3.287+0.75 * 0.462+0.5 * 0-30.492
-0-0)/34.642
=-0.78

* 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.


Bulgarian Real Estate Fund REIT  (XBUL:BREF) 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.


Bulgarian Real Estate Fund REIT Net-Net Working Capital Related Terms

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Bulgarian Real Estate Fund REIT Business Description

Traded in Other Exchanges
N/A
Address
3A Nikolay Haytov Street, Floor 1, Sofia, BGR, 1113
Bulgarian Real Estate Fund REIT operates a Bulgarian real estate fund. Its activity of the Fund is investing the cash funds raised through securities issuance in real property /securitization of real property/ through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein to make it available for management, rent, leasing and/or sale. Its objective is to achieve capital appreciation using diversified investments in business buildings, residential and other high-class properties, retail premises, and agricultural land on the territory of Bulgaria. The fund's rental income is generated from external customers located in Bulgaria. Maximum money from the customers is allotted in the business segment of the fund.

Bulgarian Real Estate Fund REIT Headlines

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