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). 2 Cheap Cars Group's share price for the quarter that ended in Sep. 2023 was NZ$0.85. 2 Cheap Cars Group's Shares Outstanding (EOP) for the quarter that ended in Sep. 2023 was 45.60 Mil. Therefore, 2 Cheap Cars Group's market cap for the quarter that ended in Sep. 2023 was NZ$38.76 Mil.
2 Cheap Cars Group's quarterly market cap
declined
from Sep. 2022 (NZ$19.84 Mil) to Mar. 2023 (NZ$13.67 Mil) but then
increased
from Mar. 2023 (NZ$13.67 Mil) to Sep. 2023 (NZ$38.76 Mil).
2 Cheap Cars Group's annual market cap
declined
from Mar. 2021 (NZ$52.84 Mil) to Mar. 2022 (NZ$40.09 Mil) and
declined
from Mar. 2022 (NZ$40.09 Mil) to Mar. 2023 (NZ$13.67 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. 2 Cheap Cars Group's Enterprise Value for Today is NZ$36.84 Mil.
2 Cheap Cars Group Market Cap Historical Data
The historical data trend for 2 Cheap Cars Group'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 2 Cheap Cars Group's Market Cap
For the Auto & Truck Dealerships subindustry, 2 Cheap Cars Group'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.
2 Cheap Cars Group's Market Cap Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Market Cap distribution charts can be found below:
* The bar in red indicates where 2 Cheap Cars Group's Market Cap falls into.
2 Cheap Cars Group 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.
2 Cheap Cars Group'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.
2 Cheap Cars Group (NZSE:2CC) 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.
2 Cheap Cars Group Market Cap Related Terms
Thank you for viewing the detailed overview of 2 Cheap Cars Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
2 Cheap Cars Group (NZSE:2CC) Business Description
2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NZSE:2CC has been successfully added to your