Western Mines Group (ASX:WMG) Net Cash per Share : A$0.01 (As of Dec. 2023)

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What is Western Mines Group 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). Western Mines Group's Net Cash per Share for the quarter that ended in Dec. 2023 was A$0.01.

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

ASX:WMG' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 1.85 Med: 4 Max: 34.5
Current: 34.5

During the past 3 years, the highest Price-to-Net-Cash Ratio of Western Mines Group was 34.50. The lowest was 1.85. And the median was 4.00.

ASX:WMG's Price-to-Net-Cash is ranked worse than
94.66% of 805 companies
in the Metals & Mining industry
Industry Median: 5.24 vs ASX:WMG: 34.50

Western Mines Group Net Cash per Share Historical Data

The historical data trend for Western Mines Group'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.

Western Mines Group Net Cash per Share Chart

Western Mines Group Annual Data

Trend

Jun21

Jun22

Jun23

Net Cash per Share

0.01

0.06

0.04

Western Mines Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Net Cash per Share	0.10	0.06	0.04	0.04	0.01

Competitive Comparison of Western Mines Group's Net Cash per Share

For the Gold subindustry, Western Mines Group'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.

Western Mines Group's Price-to-Net-Cash Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Western Mines Group's Price-to-Net-Cash falls into.

Western Mines Group 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.

Western Mines Group'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)
=	(3.271	-	0.853	-	0)	/	59.7028
=	0.04

Western Mines Group'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)
=	(2.103	-	1.326	-	0)	/	67.5666
=	0.01

Western Mines Group (ASX:WMG) 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.

Western Mines Group Net Cash per Share Related Terms

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Western Mines Group (ASX:WMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Mines Group Ltd (ASX:WMG) » Definitions » Net Cash per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Ord Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.westernmines.com.au

Western Mines Group Ltd is a mineral exploration company engaged in the exploration and discovery of high-value gold and nickel sulphide deposits across a portfolio prospective projects located on mineral belts of Western Australia. Some of its projects include Mulga Tank Ni-Cu-PGE Project, Melita Gold Project, Jasper Hill Gold Project, Youanmi Gold Project, Pavarotti Ni-Cu-PGE Project, Rock of Ages Gold Project, Broken Hill Bore Gold Project, and Pinyalling Gold Project.