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). Canggang Railway's share price for the quarter that ended in Jun. 2024 was HK$0.87. Canggang Railway's Shares Outstanding (EOP) for the quarter that ended in Jun. 2024 was 4,000.0 Mil. Therefore, Canggang Railway's market cap for the quarter that ended in Jun. 2024 was HK$3,480.0 Mil.
Canggang Railway's quarterly market cap
increased
from Jun. 2023 (HK$4,500.0 Mil) to Dec. 2023 (HK$8,550.0 Mil) but then
declined
from Dec. 2023 (HK$8,550.0 Mil) to Jun. 2024 (HK$3,480.0 Mil).
Canggang Railway's annual market cap
increased
from Dec. 2021 (HK$2,230.0 Mil) to Dec. 2022 (HK$4,000.0 Mil) and
increased
from Dec. 2022 (HK$4,000.0 Mil) to Dec. 2023 (HK$8,550.0 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. Canggang Railway's Enterprise Value for Today is HK$5,577.4 Mil.
Canggang Railway Market Cap Historical Data
The historical data trend for Canggang Railway'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 Canggang Railway's Market Cap
For the Railroads subindustry, Canggang Railway'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.
Canggang Railway's Market Cap Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Canggang Railway's Market Cap distribution charts can be found below:
* The bar in red indicates where Canggang Railway's Market Cap falls into.
Canggang Railway 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.
Canggang Railway's Market Cap 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.
Canggang Railway (HKSE:02169) 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.
Canggang Railway Market Cap Related Terms
Thank you for viewing the detailed overview of Canggang Railway's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.
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