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Friends SpAMIL:AMI 12 Net Cash per Share is €1.08 as of Dec. 2025. GuruFocus rates MIL:AMI with a GF Score™ of 12/100. Among 237 Media - Diversified companies, Friends SpA ranks better than 86.92% on this metric.
Friends SpA (MIL:AMI) 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.
Friends SpA Net Cash per Share Related Terms
Friends SpA Net Cash per Share Historical Data
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The historical data trend for Friends SpA'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.
Friends SpA Net Cash per Share Chart
Friends SpA Annual Data
Trend
Dec24
Dec25
Net Cash per Share
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1.08
Friends SpA Semi-Annual Data
Dec24
Jun25
Dec25
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1.08
MIL:AMI vs NFLX, DIS, WBD: Net Cash per Share Comparison
For the Entertainment subindustry, Friends SpA'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.
Friends SpA Price-to-Net-Cash vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Friends SpA's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Friends SpA's Price-to-Net-Cash falls into.
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.
Friends SpA's Net Cash per Share for the fiscal year that ended in Dec. 2025 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.
Friends SpA (MIL:AMI) has a Net Cash per Share of €1.08 as of Dec. 2025. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Friends SpA and its competitors. According to the industry distribution chart, Friends SpA ranks #31 out of 237 companies in the Media - Diversified industry, placing it in the top 13.1%.
Is Friends SpA's Net Cash per Share too high?
Friends SpA's current Net Cash per Share is €1.08. Based on the distribution chart, Friends SpA ranks #31 out of 237 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Friends SpA has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Friends SpA's Net Cash per Share compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Friends SpA ranks #31 out of 237 companies for Net Cash per Share. This places Friends SpA in the top 13% of its industry — outperforming the majority of peers. The industry median Net Cash per Share is 4.81. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Media - Diversified company?
The median Net Cash per Share among Media - Diversified companies is 4.81, based on 237 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Friends SpA and its competitors. For the Media - Diversified industry, the median Net Cash per Share is 4.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Friends SpA's current Net Cash per Share is €1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Friends SpA stock overvalued right now?
Friends SpA (MIL:AMI) has a current Net Cash per Share of €1.08. The current Net Cash per Share is €1.08. Friends SpA's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Friends SpA (MIL:AMI), the current Net Cash per Share is €1.08 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Friends SpA operates in the live music and events sector. It handles various activities, including concerts, sponsorships, events, television productions, and multimedia. The company is currently organized into several divisions, each specialized and dedicated to different business sectors, pursuing corporate objectives and actively collaborating with each other, combining people and skills: Direction and Management, Concerts, Events & TV, Production, Management, Artist Management, Creative Division, Ticketing, Promotion & Digital Marketing.
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