Connect Biopharma Holdings (Connect Biopharma Holdings) Net Cash per Share : $1.70 (As of Dec. 2023)

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What is Connect Biopharma Holdings 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). Connect Biopharma Holdings's Net Cash per Share for the quarter that ended in Dec. 2023 was $1.70.

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

CNTB' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 0.35 Med: 0.69 Max: 1.14
Current: 0.79

During the past 5 years, the highest Price-to-Net-Cash Ratio of Connect Biopharma Holdings was 1.14. The lowest was 0.35. And the median was 0.69.

CNTB's Price-to-Net-Cash is ranked better than
89.97% of 867 companies
in the Biotechnology industry
Industry Median: 3.92 vs CNTB: 0.79

Connect Biopharma Holdings Net Cash per Share Historical Data

The historical data trend for Connect Biopharma Holdings'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.

Connect Biopharma Holdings Net Cash per Share Chart

Connect Biopharma Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Net Cash per Share

-0.85

-3.08

4.52

2.47

1.70

Connect Biopharma Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Cash per Share	Get a 7-Day Free Trial				4.52	3.08	2.47	2.10	1.70

Competitive Comparison of Connect Biopharma Holdings's Net Cash per Share

For the Biotechnology subindustry, Connect Biopharma Holdings'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.

Connect Biopharma Holdings's Price-to-Net-Cash Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Connect Biopharma Holdings's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Connect Biopharma Holdings's Price-to-Net-Cash falls into.

Connect Biopharma Holdings 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.

Connect Biopharma Holdings'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)
=	(118.653	-	24.849	-	0)	/	55.103
=	1.70

Connect Biopharma Holdings's Net Cash per Share for the quarter that ended in Dec. 2023 is calculated as

	Net Cash per Share (Q: Dec. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(118.653	-	24.849	-	0)	/	55.103
=	1.70

Connect Biopharma Holdings (NAS:CNTB) 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.

Connect Biopharma Holdings Net Cash per Share Related Terms

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Connect Biopharma Holdings (Connect Biopharma Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Connect Biopharma Holdings Ltd (NAS:CNTB) » Definitions » Net Cash per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

12265 El Camino Real, Suite 350, San Diego, CA, USA, 92130

Website

https://www.connectbiopharm.com

Connect Biopharma Holdings Ltd is a clinical-stage company focused on the discovery and development of next-generation immune modulators for the treatment of serious autoimmune diseases and inflammation. It has leveraged its expertise in the biology of T cell modulation to build a portfolio of drug candidates consisting of small molecules and antibodies targeting critical pathways of inflammation. Its pipeline includes CBP-201, CBP-307 and CBP-174.