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Thai Cane Paper Public Company Limited (BKK:TCP) Net Current Asset Value : ฿3.98 (As of Sep. 2013)


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What is Thai Cane Paper Public Company Limited Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Thai Cane Paper Public Company Limited's net current asset value per share for the quarter that ended in Sep. 2013 was ฿3.98.

The historical rank and industry rank for Thai Cane Paper Public Company Limited's Net Current Asset Value or its related term are showing as below:

BKK:TCP's Price-to-Net-Current-Asset-Value is not ranked *
in the Forest Products industry.
Industry Median: 3.18
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Thai Cane Paper Public Company Limited Net Current Asset Value Historical Data

The historical data trend for Thai Cane Paper Public Company Limited's Net Current Asset Value 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.

Thai Cane Paper Public Company Limited Net Current Asset Value Chart

Thai Cane Paper Public Company Limited Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.91 0.53 1.29 1.94 3.16

Thai Cane Paper Public Company Limited Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
Net Current Asset Value 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 2.69 3.16 3.08 3.44 3.98

Competitive Comparison of Thai Cane Paper Public Company Limited's Net Current Asset Value

For the Paper & Paper Products subindustry, Thai Cane Paper Public Company Limited's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.


Thai Cane Paper Public Company Limited's Price-to-Net-Current-Asset-Value Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Thai Cane Paper Public Company Limited's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Thai Cane Paper Public Company Limited's Price-to-Net-Current-Asset-Value falls into.



Thai Cane Paper Public Company Limited Net Current Asset Value Calculation

Thai Cane Paper Public Company Limited's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2012 is calculated as

Net Current Asset Value Per Share(A: Dec. 2012 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(2082.542-949.437-0-0)/358.254
=3.16

Thai Cane Paper Public Company Limited's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2013 is calculated as

Net Current Asset Value Per Share(Q: Sep. 2013 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(2229.64-804.528-0-0)/358.254
=3.98

* 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.


Thai Cane Paper Public Company Limited  (BKK:TCP) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

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.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Thai Cane Paper Public Company Limited Net Current Asset Value Related Terms

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Thai Cane Paper Public Company Limited Business Description

Traded in Other Exchanges
N/A
Address
Thai Cane Paper Public Company Limited manufactures and sells kraft paper used in the manufacture of packaging, such as corrugated box, paper cement bags, envelopes and core paper in Thailand. The Company's products are categorized into two groups i.e. kraft liner board which is used in making packaging surfaces and kraft paper which is used for making corrugated medium. The Company offers numerous grade of products to meet the diverse market demand.