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Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Net Cash per Share : $-1.68 (As of Jun. 2009)


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What is Changming Industrial Management Group Holding 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). Changming Industrial Management Group Holding's Net Cash per Share for the quarter that ended in Jun. 2009 was $-1.68.

The historical rank and industry rank for Changming Industrial Management Group Holding's Net Cash per Share or its related term are showing as below:

CMIM's Price-to-Net-Cash is not ranked *
in the Metals & Mining industry.
Industry Median: 5.25
* Ranked among companies with meaningful Price-to-Net-Cash only.

Changming Industrial Management Group Holding Net Cash per Share Historical Data

The historical data trend for Changming Industrial Management Group Holding'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.

Changming Industrial Management Group Holding Net Cash per Share Chart

Changming Industrial Management Group Holding Annual Data
Trend May07 May08
Net Cash per Share
- -0.03

Changming Industrial Management Group Holding Quarterly Data
Nov06 Feb07 May07 Aug07 Nov07 Feb08 May08 Sep08 Dec08 Mar09 Jun09
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.03 -1.49 -1.45 -1.67 -1.68

Competitive Comparison of Changming Industrial Management Group Holding's Net Cash per Share

For the Other Industrial Metals & Mining subindustry, Changming Industrial Management Group Holding'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.


Changming Industrial Management Group Holding's Price-to-Net-Cash Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Changming Industrial Management Group Holding's Price-to-Net-Cash falls into.



Changming Industrial Management Group Holding 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.

Changming Industrial Management Group Holding's Net Cash per Share for the fiscal year that ended in May. 2008 is calculated as

Net Cash per Share (A: May. 2008 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0-0.018-0)/0.624
=-0.03

Changming Industrial Management Group Holding's Net Cash per Share for the quarter that ended in Jun. 2009 is calculated as

Net Cash per Share (Q: Jun. 2009 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.027-7.064-0)/4.17898
=-1.68

* 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.


Changming Industrial Management Group Holding  (OTCPK:CMIM) 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.


Changming Industrial Management Group Holding Net Cash per Share Related Terms

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Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Business Description

Traded in Other Exchanges
N/A
Address
Room 904, Tung Wai Commercial Building, Wan Chai, Hong Kong, HKG
Changming Industrial Management Group Holding Inc is engaged in the processing and sales of mineral products as well as vanadium mining. Its product series include Product Series Vanadium ore, crystal, pentoxide, alloy, iron, and titanium alloy.

Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Headlines

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