Firstcaution (XPAR:MLFIR) Scaled Net Operating Assets: -0.23 (As of Dec. 2025)


XPAR:MLFIR Firstcaution SA XPAR:MLFIR
84 GF Score
Price €32.00
GF Value €51.58
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Firstcaution Scaled Net Operating Assets?

Firstcaution XPAR:MLFIR 84 Scaled Net Operating Assets is -0.23 as of Dec. 2025. GuruFocus rates XPAR:MLFIR with a GF Score™ of 84/100 and a GF Value™ of €51.58 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Firstcaution's operating assets for the quarter that ended in Dec. 2025 was €45.75 Mil. Firstcaution's operating liabilities for the quarter that ended in Dec. 2025 was €60.82 Mil. Firstcaution's Total Assets for the quarter that ended in Dec. 2024 was €66.56 Mil. Therefore, Firstcaution's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.23.

XPAR:MLFIR
84GF Score
Firstcaution SA XPAR:MLFIR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Firstcaution Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Firstcaution's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(45.751-60.815)/66.56
=-0.23

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=73.983 - 28.232
=45.751

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=62.422 - 1.607 - 0
=60.815

Firstcaution's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Dec. 2024 )
=(45.751-60.815)/66.56
=-0.23

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=73.983 - 28.232
=45.751

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=62.422 - 1.607 - 0
=60.815

* 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.

What does a Scaled Net Operating Assets of -0.23 mean?
Firstcaution (XPAR:MLFIR) has a Scaled Net Operating Assets of -0.23 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Firstcaution and its competitors.
Is Firstcaution's Scaled Net Operating Assets too high?
Firstcaution's current Scaled Net Operating Assets is -0.23. Overall, Firstcaution has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Firstcaution's Scaled Net Operating Assets compare to MRSH and AON?
Firstcaution's Scaled Net Operating Assets of -0.23 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Firstcaution and its competitors. Firstcaution's current Scaled Net Operating Assets is -0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstcaution stock overvalued right now?
Based on GuruFocus' analysis, Firstcaution (XPAR:MLFIR) is currently considered Significantly Undervalued. The stock's GF Value™ is €51.58, compared to a current price of €32.00 — trading 38% below its estimated fair value. The current Scaled Net Operating Assets is -0.23. Firstcaution's overall GF Score™ is 84/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Firstcaution (XPAR:MLFIR), the current Scaled Net Operating Assets is -0.23 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Firstcaution (XPAR:MLFIR) Overvalued in 2026?

Based on GuruFocus' analysis, Firstcaution stock appears to be undervalued. The current stock price of €32.00 is trading 38% below its estimated GF Value™ of €51.58. GuruFocus considers Firstcaution to be Significantly Undervalued.

Key valuation signals for XPAR:MLFIR:

  • Scaled Net Operating Assets: -0.23
  • GF Value™: €51.58 vs. price of €32.00 (38% below fair value)
  • GF Score™: 84/100 with 1 warning sign

No single metric tells the full story. See the XPAR:MLFIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Firstcaution Business Description

Address Avenue Edouard-Rod 4, CP 1155, Nyon, CHE, 1260
Firstcaution SA is an insurance company engaged in processing and providing rental deposit guarantees for private and commercial leases in Switzerland. It offers commercial lease deposit, combined cash deposit and guarantee, and individual risk assessment products to business customers; and guarantees for residential or commercial leases of private customers.
84GF Score

Get the complete analysis for XPAR:MLFIR

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€32.00
Price
€51.58
GF Value