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Tongxin International (Tongxin International) Net Cash per Share : $-3.79 (As of Dec. 2010)


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What is Tongxin International 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). Tongxin International's Net Cash per Share for the quarter that ended in Dec. 2010 was $-3.79.

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

TXIC's Price-to-Net-Cash is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.065
* Ranked among companies with meaningful Price-to-Net-Cash only.

Tongxin International Net Cash per Share Historical Data

The historical data trend for Tongxin International'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.

Tongxin International Net Cash per Share Chart

Tongxin International Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec14
Net Cash per Share
Get a 7-Day Free Trial -1.01 -5.92 -5.24 -3.79 -5.39

Tongxin International Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec14
Net Cash per Share Get a 7-Day Free Trial -1.01 -5.92 -5.24 -3.79 -5.39

Competitive Comparison of Tongxin International's Net Cash per Share

For the Auto Parts subindustry, Tongxin International'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.


Tongxin International's Price-to-Net-Cash Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tongxin International's Price-to-Net-Cash distribution charts can be found below:

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



Tongxin International 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.

Tongxin International's Net Cash per Share for the fiscal year that ended in Dec. 2010 is calculated as

Net Cash per Share (A: Dec. 2010 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(9.935-72.918-0.055)/16.644
=-3.79

Tongxin International's Net Cash per Share for the quarter that ended in Dec. 2010 is calculated as

Net Cash per Share (Q: Dec. 2010 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(9.935-72.918-0.055)/16.644
=-3.79

* 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.


Tongxin International  (OTCPK:TXIC) 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.


Tongxin International Net Cash per Share Related Terms

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Tongxin International (Tongxin International) Business Description

Traded in Other Exchanges
N/A
Address
Hunan Tongxin, Changsha, Hunan Province, Jiangbei, CHN, 410135
Tongxin International Ltd is an independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Further, the company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process.

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