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Secunet Security Networks AG (XTER:YSN) Net-Net Working Capital : €-9.46 (As of Dec. 2024)


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What is Secunet Security Networks 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.

Secunet Security Networks AG's Net-Net Working Capital for the quarter that ended in Dec. 2024 was €-9.46.

The industry rank for Secunet Security Networks AG's Net-Net Working Capital or its related term are showing as below:

XTER:YSN's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 8.74
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Secunet Security Networks AG Net-Net Working Capital Historical Data

The historical data trend for Secunet Security Networks 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.

Secunet Security Networks AG Net-Net Working Capital Chart

Secunet Security Networks AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.32 3.58 -11.38 -8.95 -9.46

Secunet Security Networks AG Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -11.38 -13.92 -8.95 -12.05 -9.46

Competitive Comparison of Secunet Security Networks AG's Net-Net Working Capital

For the Software - Infrastructure subindustry, Secunet Security Networks 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.


Secunet Security Networks AG's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, Secunet Security Networks AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Secunet Security Networks AG's Price-to-Net-Net-Working-Capital falls into.


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Secunet Security Networks AG Net-Net Working Capital Calculation

Secunet Security Networks AG's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(57.725+0.75 * 84.807+0.5 * 52.682-208.816
-0-0.084)/6.470
=-9.46

Secunet Security Networks AG's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2024 is calculated as

Net-Net Working Capital(Q: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(57.725+0.75 * 84.807+0.5 * 52.682-208.816
-0-0.084)/6.470
=-9.46

* 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.


Secunet Security Networks AG  (XTER:YSN) 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.


Secunet Security Networks AG Net-Net Working Capital Related Terms

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Secunet Security Networks AG Business Description

Address
Kurfuerstenstrasse 58, Essen, NW, DEU, 45138
Secunet Security Networks AG is an IT and telecommunications security provider. It offers public-sector clients and private-sector companies a comprehensive portfolio of products and consulting services for the protection of data, infrastructures, and digital identities as well as for information transmission, storage, and processing. Its services include consulting on IT security, software development, development, integration, operations, maintenance, and support of products. The company operates through two divisions, Public Sector, and Business Sector. The company generates maximum revenue from Public Sector.

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