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Glenveagh Properties (DUB:GVR) Net-Net Working Capital : €0.30 (As of Dec. 2023)


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What is Glenveagh Properties 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.

Glenveagh Properties's Net-Net Working Capital for the quarter that ended in Dec. 2023 was €0.30.

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

DUB:GVR's Price-to-Net-Net-Working-Capital is ranked better than
53.85% of 39 companies
in the Homebuilding & Construction industry
Industry Median: 5.14 vs DUB:GVR: 4.62

Glenveagh Properties Net-Net Working Capital Historical Data

The historical data trend for Glenveagh Properties'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.

Glenveagh Properties Net-Net Working Capital Chart

Glenveagh Properties Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial 0.48 0.47 0.45 0.37 0.30

Glenveagh Properties Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.36 0.37 0.28 0.30

Competitive Comparison of Glenveagh Properties's Net-Net Working Capital

For the Residential Construction subindustry, Glenveagh Properties'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.


Glenveagh Properties's Price-to-Net-Net-Working-Capital Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Glenveagh Properties's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Glenveagh Properties Net-Net Working Capital Calculation

Glenveagh Properties'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)
=(71.863+0.75 * 9.765+0.5 * 707.6-257.186
-0-0)/578.049
=0.30

Glenveagh Properties'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)
=(71.863+0.75 * 9.765+0.5 * 707.6-257.186
-0-0)/578.049
=0.30

* 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.


Glenveagh Properties  (DUB:GVR) 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.


Glenveagh Properties Net-Net Working Capital Related Terms

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Glenveagh Properties (DUB:GVR) Business Description

Traded in Other Exchanges
Address
Block B, Straffan Road, Maynooth Business Campus, Maynooth, Kildare, IRL, W23 W5X7
Glenveagh Properties PLC is engaged in homebuilding in Ireland. The company is organised into three key reportable segments, 1) The Suburban segment is engaged in housing (with some low rise apartments) with demand coming from private buyers and institutions. 2) Urban segment is engaged in developing apartments to deliver to institutional investors. The apartments are located primarily in Dublin and Cork, but also on sites adjacent to significant rail transportation hubs. 3) Partnerships segment involves the Government, local authorities, or state agencies contributing their land on a reduced cost, or phased basis into a development agreement with Glenveagh. Approximately 50% of the product is delivered back to the government or local authority via social and affordable homes.

Glenveagh Properties (DUB:GVR) Headlines

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