Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Magnetite Mines's share price for the quarter that ended in Dec. 2023 was A$0.31. Magnetite Mines's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 98.43 Mil. Therefore, Magnetite Mines's market cap for the quarter that ended in Dec. 2023 was A$30.51 Mil.
Magnetite Mines's quarterly market cap
declined
from Dec. 2022 (A$46.64 Mil) to Jun. 2023 (A$29.25 Mil) but then
increased
from Jun. 2023 (A$29.25 Mil) to Dec. 2023 (A$30.51 Mil).
Magnetite Mines's annual market cap
declined
from Jun. 2021 (A$248.23 Mil) to Jun. 2022 (A$79.63 Mil) and
declined
from Jun. 2022 (A$79.63 Mil) to Jun. 2023 (A$29.25 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Magnetite Mines's Enterprise Value for Today is A$26.95 Mil.
Magnetite Mines Market Cap Historical Data
The historical data trend for Magnetite Mines's Market Cap 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.
Competitive Comparison of Magnetite Mines's Market Cap
For the Other Industrial Metals & Mining subindustry, Magnetite Mines's Market Cap, along with its competitors' market caps and Market Cap 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.
Magnetite Mines's Market Cap Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Magnetite Mines's Market Cap distribution charts can be found below:
* The bar in red indicates where Magnetite Mines's Market Cap falls into.
Magnetite Mines Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Magnetite Mines's Market Cap for the fiscal year that ended in Jun. 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.
Magnetite Mines (ASX:MGT) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Magnetite Mines Market Cap Related Terms
Thank you for viewing the detailed overview of Magnetite Mines's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Magnetite Mines Ltd is a mineral exploration company. It shows interest in the Razorback Iron Project located in the province of South Australia. The Group operates in one operating segment and one geographical area, which is Mineral Exploration in Australia. The company's other projects include Muster Dam Iron Ore Project and Global Drivers For High-Grade Iron Ore project.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ASX:MGT has been successfully added to your 