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Francotyp-Postalia Holding AG (XTER:FPH) Net-Net Working Capital : €-6.17 (As of Dec. 2023)


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What is Francotyp-Postalia Holding AG 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.

Francotyp-Postalia Holding AG's Net-Net Working Capital for the quarter that ended in Dec. 2023 was €-6.17.

The industry rank for Francotyp-Postalia Holding AG's Net-Net Working Capital or its related term are showing as below:

XTER:FPH's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.565
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Francotyp-Postalia Holding AG Net-Net Working Capital Historical Data

The historical data trend for Francotyp-Postalia Holding AG'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.

Francotyp-Postalia Holding AG Net-Net Working Capital Chart

Francotyp-Postalia Holding AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.21 -7.28 -7.05 -6.17 -6.17

Francotyp-Postalia Holding AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -6.17 -5.02 -5.14 -5.09 -6.17

Competitive Comparison of Francotyp-Postalia Holding AG's Net-Net Working Capital

For the Specialty Business Services subindustry, Francotyp-Postalia Holding AG'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.


Francotyp-Postalia Holding AG's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Francotyp-Postalia Holding AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Francotyp-Postalia Holding AG's Price-to-Net-Net-Working-Capital falls into.



Francotyp-Postalia Holding AG Net-Net Working Capital Calculation

Francotyp-Postalia Holding AG'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)
=(21.235+0.75 * 20.255+0.5 * 17.88-141.781
-0-0)/15.6238
=-6.17

Francotyp-Postalia Holding AG's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(21.235+0.75 * 20.255+0.5 * 17.88-141.781
-0-0)/15.6238
=-6.17

* 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.


Francotyp-Postalia Holding AG  (XTER:FPH) 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.


Francotyp-Postalia Holding AG Net-Net Working Capital Related Terms

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Francotyp-Postalia Holding AG (XTER:FPH) Business Description

Traded in Other Exchanges
Address
Prenzlauer Promenade 28, Berlin, BB, DEU, 13089
Francotyp-Postalia Holding AG is a company dealing with mail communication. Its business activities focus on traditional product business, which consists of the development, manufacture, and distribution of franking systems, as well as inserting machines and after-sale business. The company also comprises services such as the collection of business mail and software solutions.
Executives
Ralf Georg Spielberger Board of Directors
Carsten Von Lavergne-peguilhen Lind Board of Directors
Dr. Alexander Granderath Supervisory Board
Martin Eckhardt Geisel Board of Directors
Dr. Hans Alexander Granderath Supervisory Board
Carsten Lavergne-peguilhen Lind Board of Directors
Patricius De Gruyter Board of Directors