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CoSine Communications (CoSine Communications) Net Cash per Share : $2.21 (As of Dec. 2009)


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What is CoSine Communications 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). CoSine Communications's Net Cash per Share for the quarter that ended in Dec. 2009 was $2.21.

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

COSN's Price-to-Net-Cash is not ranked *
in the Business Services industry.
Industry Median: 7.79
* Ranked among companies with meaningful Price-to-Net-Cash only.

CoSine Communications Net Cash per Share Historical Data

The historical data trend for CoSine Communications'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.

CoSine Communications Net Cash per Share Chart

CoSine Communications Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.17 2.21 2.26 2.27 2.21

CoSine Communications Semi-Annual Data
Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.17 2.21 2.26 2.27 2.21

Competitive Comparison of CoSine Communications's Net Cash per Share

For the Specialty Business Services subindustry, CoSine Communications'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.


CoSine Communications's Price-to-Net-Cash Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CoSine Communications's Price-to-Net-Cash distribution charts can be found below:

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



CoSine Communications 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.

CoSine Communications's Net Cash per Share for the fiscal year that ended in Dec. 2009 is calculated as

Net Cash per Share (A: Dec. 2009 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(22.564-0.232-0)/10.0906
=2.21

CoSine Communications's Net Cash per Share for the quarter that ended in Dec. 2009 is calculated as

Net Cash per Share (Q: Dec. 2009 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(22.564-0.232-0)/10.0906
=2.21

* 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.


CoSine Communications  (OTCPK:COSN) 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.


CoSine Communications Net Cash per Share Related Terms

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CoSine Communications (CoSine Communications) Business Description

Traded in Other Exchanges
N/A
Address
Cosine Communications develops and markets switches and software used telecom service providers to manage their data communication networks. Carriers use CoSine's switches to incorporate virtual private networks, firewalls, virtual routing, secure broadband connections, and similar services into their service offerings. CoSine's software helps to manage the functions of the equipment.
Executives
Jack L Howard director 182 FARMERS LANE, STE 101, SANTA ROSA CA 95405
Charles J Abbe director 2445 WESTSIDE ROAD HEALDSBURG CA 95448
Steel Partners Holdings L.p. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Warren G Lichtenstein 10 percent owner C/O STEEL PARTNERS II L P, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Llc 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Ii Lp 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Llc 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Handy & Harman Ltd. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Whx Cs Corp. 10 percent owner 555 THEODORE FREMD AVENUE, NEW YORK NY 10580
Emh Howard Llc other: See Explanation of Responses 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Ii Master Fund L.p. 10 percent owner C/O MORGAN STANLEY FND SVCS LTD (CAYMAN), CRICKET SQ 2ND FL HUTCHINS DR PO BX 2681, GRAND CAYMAN E9 KY1-1111
George Weaver Haywood other: 10% Owner prior to 10/26/05 CARE OF CRONIN AND VRIS, LLP, 380 MADISON AVENUE, NEW YORK NY 10017
R David Spreng director 3800 FIRST BANK PL, P O BOX 357, MINNEAPOLIS MN 55402

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