MetalsGrove Mining (ASX:MGA) Net Cash per Share : A$0.02 (As of Dec. 2023)

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What is MetalsGrove Mining Net Cash per Share?

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). MetalsGrove Mining's Net Cash per Share for the quarter that ended in Dec. 2023 was A$0.02.

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

ASX:MGA' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 2.2 Med: 3.5 Max: 3.67
Current: 2.6

During the past 1 years, the highest Price-to-Net-Cash Ratio of MetalsGrove Mining was 3.67. The lowest was 2.20. And the median was 3.50.

ASX:MGA's Price-to-Net-Cash is ranked better than
74.04% of 805 companies
in the Metals & Mining industry
Industry Median: 5.2 vs ASX:MGA: 2.60

MetalsGrove Mining Net Cash per Share Historical Data

The historical data trend for MetalsGrove Mining'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.

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MetalsGrove Mining Net Cash per Share Chart

MetalsGrove Mining Annual Data

Trend

Jun23

Net Cash per Share

0.03

MetalsGrove Mining Semi-Annual Data
	Dec22	Jun23	Dec23
Net Cash per Share	0.06	0.03	0.02

Competitive Comparison of MetalsGrove Mining's Net Cash per Share

For the Other Industrial Metals & Mining subindustry, MetalsGrove Mining'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.

MetalsGrove Mining's Price-to-Net-Cash Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MetalsGrove Mining's Price-to-Net-Cash distribution charts can be found below:

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

MetalsGrove Mining 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.

MetalsGrove Mining's Net Cash per Share for the fiscal year that ended in Jun. 2023 is calculated as

	Net Cash per Share (A: Jun. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.105	-	0.699	-	0)	/	70.28
=	0.03

MetalsGrove Mining'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)
=	(1.399	-	0.106	-	0)	/	70.28
=	0.02

MetalsGrove Mining (ASX:MGA) 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.

MetalsGrove Mining Net Cash per Share Related Terms

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MetalsGrove Mining (ASX:MGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MetalsGrove Mining Ltd (ASX:MGA) » Definitions » Net Cash per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

123A Colin Street, Suite 6, West Perth, Perth, WA, AUS, 6005

Website

https://www.metalsgrove.com.au

MetalsGrove Mining Ltd is an Australian-based exploration and development company, focused on the exploration and development of its portfolio of high-quality lithium, rare earth, copper-gold, manganese, and base metal projects in Western Australia and the Northern Territory. Its projects include Upper Coondina Project; Bruce Project; Box Hole project; Edwards Creek project; and Woodie Woodie North Manganese Project.