Exel Industries (XPAR:EXE) Net-Net Working Capital : €-15.09 (As of Sep. 2024)

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What is Exel Industries 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.

Exel Industries's Net-Net Working Capital for the quarter that ended in Sep. 2024 was €-15.09.

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

XPAR:EXE's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Farm & Heavy Construction Machinery industry.
Industry Median: 7.63
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Exel Industries Net-Net Working Capital Historical Data

The historical data trend for Exel Industries'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.

Exel Industries Net-Net Working Capital Chart

Exel Industries Annual Data

Trend

Aug14

Aug15

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Net-Net Working Capital

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-16.50

-11.67

-19.26

-15.14

-15.09

Exel Industries Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Net-Net Working Capital	Get a 7-Day Free Trial															-19.26	-25.11	-15.14	-27.47	-15.09

Competitive Comparison of Exel Industries's Net-Net Working Capital

For the Farm & Heavy Construction Machinery subindustry, Exel Industries'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.

Exel Industries's Price-to-Net-Net-Working-Capital Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Exel Industries's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

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Exel Industries Net-Net Working Capital Calculation

Exel Industries's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2024 is calculated as

	Net-Net Working Capital		(A: Sep. 2024 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(50.196	+	0.75 * 164.86	+	0.5 * 295.978	-	422.931
-	0	-	1.221)	/	6.783
=	-15.09

Exel Industries'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)
=	(50.196	+	0.75 * 164.86	+	0.5 * 295.978	-	422.931
-	0	-	1.221)	/	6.783
=	-15.09

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.

Exel Industries (XPAR:EXE) 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.

Exel Industries Net-Net Working Capital Related Terms

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Exel Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Exel Industries SA (XPAR:EXE) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

8YK:Germany

Address

52, rue de la Victoire, Paris, FRA, 75009

Website

http://www.exel-industries.com

Exel Industries SA is a French company which is active in the business of manufacture of spraying equipment for plant protection for professional, semi-professional and consumer agricultural applications. The company is also engaged in the business of sugar beet harvesting, providing gardening, spraying and watering equipment and industrial precision spraying solutions which cover protection, finishes, lubrication and pollution clean-up. It markets its products under the brand name of Hozelock, Berthoud, Tecnoma, Laser and Cooper Pegler brands, Kremlin rexsons and Sames. The company earns the majority of its revenue from the agricultural equipment business and geographically from Europe region.