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NWF Group (LSE:NWF) Net-Net Working Capital : £-1.12 (As of Nov. 2023)


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What is NWF Group 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.

NWF Group's Net-Net Working Capital for the quarter that ended in Nov. 2023 was £-1.12.

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

LSE:NWF's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.46
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

NWF Group Net-Net Working Capital Historical Data

The historical data trend for NWF Group'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.

NWF Group Net-Net Working Capital Chart

NWF Group Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.00 -1.55 -1.49 -1.29 -1.17

NWF Group Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 -1.45 -1.29 -1.30 -1.17 -1.12

Competitive Comparison of NWF Group's Net-Net Working Capital

For the Oil & Gas Refining & Marketing subindustry, NWF Group'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.


NWF Group's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NWF Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



NWF Group Net-Net Working Capital Calculation

NWF Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in May. 2023 is calculated as

Net-Net Working Capital(A: May. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16.3+0.75 * 82.6+0.5 * 7.4-139.7
-0-0)/49.408
=-1.17

NWF Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Nov. 2023 is calculated as

Net-Net Working Capital(Q: Nov. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13.3+0.75 * 101.2+0.5 * 7.8-148.3
-0-0)/49.4315
=-1.12

* 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.


NWF Group  (LSE:NWF) 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.


NWF Group Net-Net Working Capital Related Terms

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NWF Group (LSE:NWF) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Wardle, Nantwich, Cheshire, GBR, CW5 6BP
NWF Group PLC is engaged in manufacturing and selling of animal feeds, the sales and distribution of fuel oils and the warehousing and distribution of ambient groceries. The company's operating segments include Food, Feeds, and Fuels. The Food segment is engaged in the warehousing and distribution of clients' ambient grocery and other products to supermarket and other retail distribution centers. The Feeds segment manufactures and sells animal feeds and other agricultural products. The Fuels segment is engaged in the sale and distribution of domestic heating, industrial and road fuels. The company generates maximum revenue from Fuels segment. It operates entirely in the United Kingdom.

NWF Group (LSE:NWF) Headlines

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