SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'netcash' SMC (SMECF) Net Cash per Share
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SMC Corp (OTCPK:SMECF) » Definitions » Net Cash per Share

SMC (SMECF) Net Cash per Share

: $36.49 (As of Dec. 2023)
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Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). SMC's Net Cash per Share for the quarter that ended in Dec. 2023 was $36.49.

The historical rank and industry rank for SMC's Net Cash per Share or its related term are showing as below:

SMECF' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 5.66   Med: 8.52   Max: 15.48
Current: 14.52

During the past 13 years, the highest Price-to-Net-Cash Ratio of SMC was 15.48. The lowest was 5.66. And the median was 8.52.

SMECF's Price-to-Net-Cash is ranked worse than
69.2% of 659 companies
in the Industrial Products industry
Industry Median: 8.27 vs SMECF: 14.52

SMC Net Cash per Share Historical Data

The historical data trend for SMC's Net Cash 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 53.85 [6] => 58.70 [7] => 66.47 [8] => 62.30 [9] => 45.70 )
SMC Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net Cash per Share
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.85 58.70 66.47 62.30 45.70

SMC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Cash per Share 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 Premium Member Only Premium Member Only Premium Member Only 46.24 45.70 38.54 39.01 36.49

Competitive Comparison

For the Specialty Industrial Machinery subindustry, SMC's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.


SMC Price-to-Net-Cash Distribution

For the Industrial Products industry and Industrials sector, SMC's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where SMC's Price-to-Net-Cash falls into.



SMC Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

SMC's Net Cash per Share for the fiscal year that ended in Mar. 2023 is calculated as

Net Cash per Share (A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(4664.641-1687.93-29.267)/64.5006
=45.70

SMC's Net Cash per Share for the quarter that ended in Dec. 2023 is calculated as

Net Cash per Share (Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(3799.405-1419.648-28.066)/64.4485
=36.49

* 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.


SMC  (OTCPK:SMECF) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). 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.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


SMC Net Cash per Share Related Terms

Thank you for viewing the detailed overview of SMC's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SMC (SMECF) Business Description

Traded in Other Exchanges
Address
4-14-1, Soto-Kanda, Chiyoda-ku, Tokyo, JPN, 101-0021
SMC Corp (domiciled in Japan) manufactures automatic control and filtration equipment. Its filters, valves, cylinders, and actuators are sold to customers in various industrial markets, and contribute to automated operations. The company has two reportable business segments: automatic control equipment (majority of total revenues), and others. SMC operates several production facilities, sales offices, and technical development centers to construct various components and streamline the process. Asia accounts for majority of total sales, but the company does utilize offices in the United States, Europe, and other regions of the world. It works to meet the rules and needs of foreign countries to ensure its products can be accepted in differentiated markets.

SMC (SMECF) Headlines

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