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GomSpace Group AB (OSTO:GOMX) Net Current Asset Value : kr-0.65 (As of Jun. 2024)


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What is GomSpace Group AB 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).

GomSpace Group AB's net current asset value per share for the quarter that ended in Jun. 2024 was kr-0.65.

The historical rank and industry rank for GomSpace Group AB's Net Current Asset Value or its related term are showing as below:

During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of GomSpace Group AB was 52.13. The lowest was 2.27. And the median was 11.23.

OSTO:GOMX's Price-to-Net-Current-Asset-Value is not ranked *
in the Aerospace & Defense industry.
Industry Median: 8.09
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

GomSpace Group AB Net Current Asset Value Historical Data

The historical data trend for GomSpace Group AB'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.

GomSpace Group AB Net Current Asset Value Chart

GomSpace Group AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 0.85 0.57 -1.02 -0.20

GomSpace Group AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.20 -0.03 -0.21 -0.20 -0.65

Competitive Comparison of GomSpace Group AB's Net Current Asset Value

For the Aerospace & Defense subindustry, GomSpace Group AB'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.


GomSpace Group AB's Price-to-Net-Current-Asset-Value Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GomSpace Group AB's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where GomSpace Group AB's Price-to-Net-Current-Asset-Value falls into.



GomSpace Group AB Net Current Asset Value Calculation

GomSpace Group AB's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(A: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(163.812-192.424-0-0)/140.669
=-0.20

GomSpace Group AB's Net Current Asset Value (NCAV) per share for the quarter that ended in Jun. 2024 is calculated as

Net Current Asset Value Per Share(Q: Jun. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(151.095-243.125-0-0)/140.669
=-0.65

* 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.


GomSpace Group AB  (OSTO:GOMX) 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.


GomSpace Group AB Net Current Asset Value Related Terms

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GomSpace Group AB Business Description

Traded in Other Exchanges
Address
Ulls Vag 29A, Uppsala, SWE, 756 51
GomSpace Group AB develops and commercializes nano-satellites. It provides turn-key solutions to enable space-based businesses including solutions for IoT, communication, tracking, surveillance, and remote sensing. The company also offers professional nano-satellite turn-key solutions, platforms, commercial off the shelf sub-systems, software modules, and off-the-shelf payloads for tracking or delivering payloads to customer requirements based on radio technology building blocks. Its business areas are Academia, Commercial, Defense, and Science operating geographically in Sweden, Denmark, other parts of Europe, the United States, Asia, and the Rest of the world. The majority of the company's revenue comes from Europe (excluding Sweden and Denmark).

GomSpace Group AB Headlines

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