Merafe Resources (JSE:MRF) Book Value per Share : R2.10 (As of Dec. 2023)

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What is Merafe Resources Book Value per Share?

Merafe Resources's book value per share for the quarter that ended in Dec. 2023 was R2.10.

During the past 12 months, Merafe Resources's average Book Value Per Share Growth Rate was 21.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 32.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Merafe Resources was 46.40% per year. The lowest was -21.10% per year. And the median was 8.80% per year.

Merafe Resources's current price is R1.29. Its book value per share for the quarter that ended in Dec. 2023 was R2.10. Hence, today's PB Ratio of Merafe Resources is 0.61.

During the past 13 years, the highest P/B Ratio of Merafe Resources was 1.28. The lowest was 0.22. And the median was 0.74.

Good Sign:

Merafe Resources Ltd stock PB Ratio (=0.6) is close to 3-year low of 0.59

Merafe Resources Book Value per Share Historical Data

The historical data trend for Merafe Resources's Book Value per Share 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.

Merafe Resources Book Value per Share Chart

Merafe Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Book Value per Share

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1.35

0.91

1.51

1.73

2.10

Merafe Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Book Value per Share	Get a 7-Day Free Trial															1.51	1.66	1.73	2.02	2.10

Competitive Comparison of Merafe Resources's Book Value per Share

For the Other Industrial Metals & Mining subindustry, Merafe Resources's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Merafe Resources's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Merafe Resources's PB Ratio distribution charts can be found below:

* The bar in red indicates where Merafe Resources's PB Ratio falls into.

Merafe Resources Book Value per Share Calculation

Merafe Resources's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(5,259	-	0)	/	2,499
	=	2.10

Merafe Resources's Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(5,259	-	0)	/	2,499
	=	2.10

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Merafe Resources (JSE:MRF) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Merafe Resources Book Value per Share Related Terms

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Merafe Resources (JSE:MRF) Business Description

Industry

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RZT:Germany

Address

35 Ballyclare Drive, Building B, 2nd floor, Ballyoaks Office Park, Bryanston, ZAF, 2191

Website

https://www.meraferesources.co.za

Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namely, Waterval mine; Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals.