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Target Insurance (Holdings) (HKSE:06161) Net Cash per Share : HK$0.00 (As of Jun. 2023)


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What is Target Insurance (Holdings) Net Cash per Share?

Net Cash per Share is calculated as Balance Sheet Cash And Cash Equivalents plus Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Target Insurance (Holdings)'s Net Cash per Share for the quarter that ended in Jun. 2023 was HK$0.00.

The historical rank and industry rank for Target Insurance (Holdings)'s Net Cash per Share or its related term are showing as below:

HKSE:06161's Price-to-Net-Cash is not ranked *
in the Insurance industry.
Industry Median: 4.42
* Ranked among companies with meaningful Price-to-Net-Cash only.

Target Insurance (Holdings) Net Cash per Share Historical Data

The historical data trend for Target Insurance (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.

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Target Insurance (Holdings) Net Cash per Share Chart

Target Insurance (Holdings) Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.15 -1.75 -1.53 -0.37 -0.37

Target Insurance (Holdings) Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23
Net Cash per Share 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 -1.53 -0.93 -0.37 - -

Competitive Comparison of Target Insurance (Holdings)'s Net Cash per Share

For the Insurance - Property & Casualty subindustry, Target Insurance (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.


Target Insurance (Holdings)'s Price-to-Net-Cash Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Target Insurance (Holdings)'s Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Target Insurance (Holdings)'s Price-to-Net-Cash falls into.



Target Insurance (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.

Target Insurance (Holdings)'s Net Cash per Share for the fiscal year that ended in Dec. 2022 is calculated as

Net Cash per Share (A: Dec. 2022 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(29.33+0-283.646-0)/678.324
=-0.37

Target Insurance (Holdings)'s Net Cash per Share for the quarter that ended in Jun. 2023 is calculated as

* 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.


Target Insurance (Holdings)  (HKSE:06161) 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.


Target Insurance (Holdings) Net Cash per Share Related Terms

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Target Insurance (Holdings) (HKSE:06161) Business Description

Traded in Other Exchanges
N/A
Address
181 Queen’s Road Central, Grand Millennium Plaza, 5th Floor, Low Block, Hong Kong, HKG
Target Insurance (Holdings) Ltd is an investment company based in Hong Kong. It is principally engaged in writing motor insurance. The company offers insurance for the taxi, public light bus, and other motor vehicles. Its operating segments are Taxi, Public Light Bus, Other motor vehicles. The company earns revenue in the form of insurance premiums, dividend income, interest income, and others. It generates all of its revenue from Hong Kong.

Target Insurance (Holdings) (HKSE:06161) Headlines

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