The historical rank and industry rank for Newport's Net Cash per Share or its related term are showing as below:
NEWP's Price-to-Net-Cash is not ranked *
in the Hardware industry.
Industry Median: 7.925 * Ranked among companies with meaningful Price-to-Net-Cash only.
Newport Net Cash per Share Historical Data
The historical data trend for Newport'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.
Competitive Comparison of Newport's Net Cash per Share
For the Scientific & Technical Instruments subindustry, Newport'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.
Newport's Price-to-Net-Cash Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Newport's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Newport's Price-to-Net-Cash falls into.
Newport 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.
Newport's Net Cash per Share for the fiscal year that ended in Dec. 2015 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.
Newport (NAS:NEWP) 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.
Newport Net Cash per Share Related Terms
Thank you for viewing the detailed overview of Newport's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Newport Corp was established in 1969 as Newport Research Corporation. In 1978, Newport Research Corporation merged into James Dole Corporation, an entity which was incorporated in Nevada in 1938, and the company was renamed Newport Corporation following the merger. The Company is a supplier of advanced technology products and systems to a wide range of industries, including scientific research, microelectronics, defense and security, life and health sciences, and industrial markets. It also provides a broad portfolio of products to customers in these end markets, allowing it to offer them an end-to-end resource for photonics solutions. In January 2013, Company reorganized its operations to create three new operating groups: Photonics Group, Lasers Group and Optics Group. Its Lasers Group is substantially the same as former Lasers Division. Photonics Group is comprised of the photonics products and technologies of former PPT Division and Ophir Division. Optics Group is comprised of the optical components and integrated solutions products and technologies of former PPT Division and Ophir Division. Photonics Group's products and systems are sold to end users in all of target end markets. The products sold by this group include photonics instruments and systems, precision positioning systems and subsystems, vibration isolation systems and subsystems, optical components for research applications, optical hardware, and three-dimensional non-contact measurement sensors and equipment. Lasers Group offers a broad portfolio of laser technology products and services to OEM and end-user customers in all of target end markets. Its lasers and laser-based systems include ultrafast lasers and amplifiers, diode-pumped solid-state lasers, high-energy pulsed lasers, tunable lasers, fiber lasers and gas lasers. Optics Group offers precision optics and lens assemblies, thin-film filters and coatings, replicated mirrors and ruled and holographic diffraction gratings to OEM and end-user customers in target end markets. This business was sold in January 2014. Its competitors include: Coherent, Inc., Sciencetech, Inc., Optometrics Corporation, Corning, Inc., among others. The Company's lasers and laser-based systems are subject to the laser radiation safety regulations of the Radiation Control for Health and Safety Act administered by the Center for Devices and Radiological Health of the United States Food and Drug Administration.
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