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Automotive Finco (Automotive Finco) Net Cash per Share : $0.78 (As of Mar. 2024)


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What is Automotive Finco 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). Automotive Finco's Net Cash per Share for the quarter that ended in Mar. 2024 was $0.78.

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

RMIAF' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 0.42   Med: 0.81   Max: 12.27
Current: 0.43

During the past 13 years, the highest Price-to-Net-Cash Ratio of Automotive Finco was 12.27. The lowest was 0.42. And the median was 0.81.

RMIAF's Price-to-Net-Cash is ranked better than
93.94% of 66 companies
in the Credit Services industry
Industry Median: 9.99 vs RMIAF: 0.43

Automotive Finco Net Cash per Share Historical Data

The historical data trend for Automotive Finco'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.

Automotive Finco Net Cash per Share Chart

Automotive Finco Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 1.26 1.08 0.83 0.80

Automotive Finco 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 0.81 0.82 0.80 0.80 0.78

Competitive Comparison of Automotive Finco's Net Cash per Share

For the Credit Services subindustry, Automotive Finco'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.


Automotive Finco's Price-to-Net-Cash Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Automotive Finco's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Automotive Finco's Price-to-Net-Cash falls into.



Automotive Finco 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.

Automotive Finco'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)
=(15.83-0.013-0)/19.8194
=0.80

Automotive Finco'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)
=(15.556-0.045-0)/19.8194
=0.78

* 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.


Automotive Finco  (OTCPK:RMIAF) 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.


Automotive Finco Net Cash per Share Related Terms

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Automotive Finco (Automotive Finco) Business Description

Traded in Other Exchanges
Address
Yonge King, PO Box 17026, Toronto, ON, CAN, M5E 1Y2
Automotive Finco Corp p is a finance company focused exclusively on the auto retail sector. The company also pursues other direct investments and financing opportunities across the auto retail sector. Through its investment in Automotive Finance LP, it is engaged in the business of lending and administering investment funds. The Company has only one operating segment: Investment issuer focused on providing debt financing and making other investments in the auto retail sector.

Automotive Finco (Automotive Finco) Headlines

From GuruFocus

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Automotive Finco Corp. Announces November 2019 Cash Dividend

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Automotive Finco Corp. Announces Special Meeting

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