What is Cinda International Holdings Net Current Asset Value?
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Cinda International Holdings's net current asset value per share for the quarter that ended in Dec. 2023 was €0.08.
The historical rank and industry rank for Cinda International Holdings's Net Current Asset Value or its related term are showing as below:
FRA:HNT'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.37 Med: 0.79 Max: 3.45
Current: 0.39
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Cinda International Holdings was 3.45. The lowest was 0.37. And the median was 0.79.
FRA:HNT's Price-to-Net-Current-Asset-Value is ranked better than 95.02% of 462
companies
in the Capital Markets industry
Industry Median: 2.98
vs FRA:HNT: 0.39
Cinda International Holdings Net Current Asset Value Historical Data
* 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.
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Cinda International Holdings Net Current Asset Value Chart
Competitive Comparison of Cinda International Holdings's Net Current Asset Value
For the Capital Markets subindustry, Cinda International Holdings's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
Cinda International Holdings's Price-to-Net-Current-Asset-Value Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cinda International Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Cinda International Holdings's Price-to-Net-Current-Asset-Value falls into.
Cinda International Holdings Net Current Asset Value Calculation
Cinda International Holdings's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Cinda International Holdings (FRA:HNT) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. 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.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Cinda International Holdings Net Current Asset Value Related Terms
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Cinda International Holdings (FRA:HNT) Business Description
Cinda International Holdings Ltd provides financial services including asset management, corporate financial advisory services, securities brokering, commodities, and futures brokering, and financial planning and insurance brokering. Its segments consist of Asset management; Sales and trading business; and Corporate finance. It derives majority of the revenue from Sales and trading business that provides brokering services in securities, equity-linked products, unit trusts and stock options commodities and futures contracts traded in Hong Kong and selected overseas markets, underwriting, placing and margin financing services to those brokering clients, and acting as an agent for the sale of savings plans, general and life insurance and other investment-linked insurance products.
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