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Top End Energy (ASX:TEE) Net Cash per Share : A$0.02 (As of Dec. 2023)


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What is Top End Energy 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). Top End Energy's Net Cash per Share for the quarter that ended in Dec. 2023 was A$0.02.

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

ASX:TEE' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 2.93   Med: 3.8   Max: 5.75
Current: 5.5

During the past 3 years, the highest Price-to-Net-Cash Ratio of Top End Energy was 5.75. The lowest was 2.93. And the median was 3.80.

ASX:TEE's Price-to-Net-Cash is ranked worse than
51.61% of 124 companies
in the Oil & Gas industry
Industry Median: 5.205 vs ASX:TEE: 5.50

Top End Energy Net Cash per Share Historical Data

The historical data trend for Top End Energy'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.

* Premium members only.

Top End Energy Net Cash per Share Chart

Top End Energy Annual Data
Trend Jun22 Jun23 Jun24
Net Cash per Share
0.07 0.05 0.02

Top End Energy Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Net Cash per Share 0.07 0.06 0.05 0.02 0.02

Competitive Comparison of Top End Energy's Net Cash per Share

For the Oil & Gas E&P subindustry, Top End Energy'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.


Top End Energy's Price-to-Net-Cash Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Top End Energy's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Top End Energy's Price-to-Net-Cash falls into.



Top End Energy 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.

Top End Energy's Net Cash per Share for the fiscal year that ended in Jun. 2024 is calculated as

Net Cash per Share (A: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(2.722-0.684-0)/87.0312
=0.02

Top End Energy'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)
=(1.585-0.381--0.449)/69.625
=0.02

* 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.


Top End Energy  (ASX:TEE) 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.


Top End Energy Net Cash per Share Related Terms

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Top End Energy Business Description

Traded in Other Exchanges
N/A
Address
10 Outram Street, Level 2, Perth, WA, AUS, 6005
Top End Energy Ltd operates in the oil and gas industry with a focus on exploring for oil, gas and other associated, and potentially marketable, product streams in Queensland and the Northern Territory. The company's projects include Tri Star Project, NT Territory Holdco Pty Ltd, and TG Project. The Group has identified one operating segment being the exploration for natural gas in Australia.

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