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FSB Bancorp (FSB Bancorp) Net-Net Working Capital : $-136.60 (As of Dec. 2019)


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What is FSB Bancorp 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.

FSB Bancorp's Net-Net Working Capital for the quarter that ended in Dec. 2019 was $-136.60.

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

FSBC's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.35
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

FSB Bancorp Net-Net Working Capital Historical Data

The historical data trend for FSB Bancorp'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.

FSB Bancorp Net-Net Working Capital Chart

FSB Bancorp Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec15 Dec16 Dec17 Dec18 Dec19
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -127.80 -120.47 -131.28 -139.89 -136.60

FSB Bancorp Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 -139.89 -139.18 -138.57 -138.61 -136.60

Competitive Comparison of FSB Bancorp's Net-Net Working Capital

For the Banks - Regional subindustry, FSB Bancorp'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.


FSB Bancorp's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, FSB Bancorp's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



FSB Bancorp Net-Net Working Capital Calculation

FSB Bancorp's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2019 is calculated as

Net-Net Working Capital(A: Dec. 2019 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.933+18.126+0.75 * 0.807+0.5 * 0-291.766
-0-0)/1.94066
=-136.60

FSB Bancorp's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2019 is calculated as

Net-Net Working Capital(Q: Dec. 2019 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.933+18.126+0.75 * 0.807+0.5 * 0-291.766
-0-0)/1.94066
=-136.60

* 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.


FSB Bancorp  (NAS:FSBC) 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.


FSB Bancorp Net-Net Working Capital Related Terms

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FSB Bancorp (FSB Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
45 South Main Street, Fairport, NY, USA, 14450
FSB Bancorp Inc is a bank holding company which offers secure and personalized financial solutions. The company through its banking subsidiaries is engaged in providing banking products and services including checking and savings, lending and other mortgage services, Wealth Management and Insurance. Its revenue derived primarily from Interest on loans and, Interest on investment and municipal securities and mortgage-backed securities.
Executives
Kevin D Maroney director, officer: President and CEO 45 SOUTH MAIN STREET, FAIRPORT NY 14450