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). GoFintech Innovation's share price for the quarter that ended in Sep. 2023 was HK$0.055948. GoFintech Innovation's Shares Outstanding (EOP) for the quarter that ended in Sep. 2023 was 3,109.51 Mil. Therefore, GoFintech Innovation's market cap for the quarter that ended in Sep. 2023 was HK$173.97 Mil.
GoFintech Innovation's quarterly market cap
increased
from Sep. 2022 (HK$252.61 Mil) to Mar. 2023 (HK$303.13 Mil) but then
declined
from Mar. 2023 (HK$303.13 Mil) to Sep. 2023 (HK$173.97 Mil).
GoFintech Innovation's annual market cap
declined
from Mar. 2021 (HK$366.12 Mil) to Mar. 2022 (HK$163.84 Mil) but then
increased
from Mar. 2022 (HK$163.84 Mil) to Mar. 2023 (HK$303.13 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. GoFintech Innovation's Enterprise Value for Today is HK$5,840.80 Mil.
GoFintech Innovation Market Cap Historical Data
The historical data trend for GoFintech Innovation'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 GoFintech Innovation's Market Cap
For the Financial Conglomerates subindustry, GoFintech Innovation'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.
GoFintech Innovation's Market Cap Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, GoFintech Innovation's Market Cap distribution charts can be found below:
* The bar in red indicates where GoFintech Innovation's Market Cap falls into.
GoFintech Innovation 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.
GoFintech Innovation's Market Cap for the fiscal year that ended in Mar. 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.
GoFintech Innovation (HKSE:00290) 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.
GoFintech Innovation Market Cap Related Terms
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GoFintech Innovation (HKSE:00290) Business Description
GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong and relying on the mainland. Its main business includes Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and insurance brokerage, Asset management, and Equity investment. The majority of the revenue derives from the Asset management segment.
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