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Planet 13 Holdings (Planet 13 Holdings) Net Cash per Share : $-0.10 (As of Mar. 2024)


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What is Planet 13 Holdings 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). Planet 13 Holdings's Net Cash per Share for the quarter that ended in Mar. 2024 was $-0.10.

The historical rank and industry rank for Planet 13 Holdings's Net Cash per Share or its related term are showing as below:

During the past 8 years, the highest Price-to-Net-Cash Ratio of Planet 13 Holdings was 105.00. The lowest was 8.33. And the median was 25.27.

PLNH's Price-to-Net-Cash is not ranked *
in the Drug Manufacturers industry.
Industry Median: 7.62
* Ranked among companies with meaningful Price-to-Net-Cash only.

Planet 13 Holdings Net Cash per Share Historical Data

The historical data trend for Planet 13 Holdings'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.

Planet 13 Holdings Net Cash per Share Chart

Planet 13 Holdings Annual Data
Trend Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Cash per Share
Get a 7-Day Free Trial -0.06 0.20 0.08 -0.02 -0.14

Planet 13 Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 - -0.02 -0.14 -0.10

Competitive Comparison of Planet 13 Holdings's Net Cash per Share

For the Drug Manufacturers - Specialty & Generic subindustry, Planet 13 Holdings'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.


Planet 13 Holdings's Price-to-Net-Cash Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Planet 13 Holdings's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Planet 13 Holdings's Price-to-Net-Cash falls into.



Planet 13 Holdings 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.

Planet 13 Holdings's Net Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as

Net Cash per Share (A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(11.831-44.106-0)/223.317
=-0.14

Planet 13 Holdings's Net Cash per Share for the quarter that ended in Mar. 2024 is calculated as

Net Cash per Share (Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(20.771-45.649-0)/243.292
=-0.10

* 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.


Planet 13 Holdings  (OTCPK:PLNH) 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.


Planet 13 Holdings Net Cash per Share Related Terms

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Planet 13 Holdings (Planet 13 Holdings) Business Description

Traded in Other Exchanges
Address
2548 West Desert Inn Road, Las Vegas, NV, USA, 89109
Planet 13 Holdings Inc operates as an integrated cannabis company based in Nevada, with cultivation, production, and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis.
Executives
Chris Wren officer: VP of Operations 2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Dennis Logan officer: CFO 2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Leighton Koehler officer: General Counsel 2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Larry Scheffler director, 10 percent owner, officer: Co-CEO 2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
David Farris officer: VP of Sales & Marketing 2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Adrienne O'neal director 2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
William Vargas officer: VP of Finance 2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Robert Groesbeck director, 10 percent owner, officer: Co-CEO 2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Lee Fraser director 4675 W TECO AVE, SUITE 250, LAS VEGAS NV 89118
Todd Hybels officer: VP of Midwestern Operations 2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Michael Lanteri Jennings officer: Pres. of East Coast Operations 2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109
Michael Harman director 2548 WEST DESERT INN ROAD, SUITE 100, LAS VEGAS NV 89109