First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Net Cash per Share : C$0.00 (As of Jun. 2015)

View and export this data going back to . Start your Free Trial

What is First Asset CanBanc Split Net Cash per Share?

Net Cash per Share is calculated as Balance Sheet Cash And Cash Equivalents plus Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). First Asset CanBanc Split's Net Cash per Share for the quarter that ended in Jun. 2015 was C$0.00.

The historical rank and industry rank for First Asset CanBanc Split's Net Cash per Share or its related term are showing as below:

During the past 6 years, the highest Price-to-Net-Cash Ratio of First Asset CanBanc Split was 0.90. The lowest was 0.00. And the median was 0.90.

TSX:CBU.PR.A.PFD's Price-to-Net-Cash is not ranked ^*
in the Asset Management industry.
Industry Median: 6.635
* Ranked among companies with meaningful Price-to-Net-Cash only.

First Asset CanBanc Split Net Cash per Share Historical Data

The historical data trend for First Asset CanBanc Split'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.

First Asset CanBanc Split Net Cash per Share Chart

First Asset CanBanc Split Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Net Cash per Share

Get a 7-Day Free Trial

First Asset CanBanc Split Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Net Cash per Share	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of First Asset CanBanc Split's Net Cash per Share

For the Asset Management subindustry, First Asset CanBanc Split'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.

First Asset CanBanc Split's Price-to-Net-Cash Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Asset CanBanc Split's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where First Asset CanBanc Split's Price-to-Net-Cash falls into.

First Asset CanBanc Split 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.

First Asset CanBanc Split's Net Cash per Share for the fiscal year that ended in Dec. 2014 is calculated as

	Net Cash per Share (A: Dec. 2014 )
=	(Balance Sheet Cash And Cash Equivalents	+	Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	16.619	-	3.716	-	0)	/	0
=	N/A

First Asset CanBanc Split's Net Cash per Share for the quarter that ended in Jun. 2015 is calculated as

	Net Cash per Share (Q: Jun. 2015 )
=	(Balance Sheet Cash And Cash Equivalents	+	Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.09	+	15.271	-	3.636	-	0)	/	0
=	N/A

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) 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.

First Asset CanBanc Split Net Cash per Share Related Terms

Thank you for viewing the detailed overview of First Asset CanBanc Split's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Asset CanBanc Split Corp (TSX:CBU.PR.A.PFD) » Definitions » Net Cash per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.firstasset.com

First Asset CanBanc Split Corp was incorporated under the laws of the Province of Ontario on September 5, 2008, is a mutual fund corporation whose investment portfolio consists of common shares of the six largest Canadian banks. The Fund's objectives in managing its capital with respect to the preferred shares are to provide preferred shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.1625 per preferred share and to return the original issue price to preferred shareholders at the time of redemption of such shares on or about January 15, 2016. The Fund's objectives in managing its capital with respect to the Class A shares are to provide Class A shareholders with the opportunity to participate in the performance of the Fund's portfolio on a leveraged basis and to benefit from any increase in the dividends from the securities in the Fund's portfolio.

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Headlines

No Headlines