Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Net Cash per Share

: $-6.58 (As of Dec. 2023)

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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). Hong Kong Exchanges and Clearing's Net Cash per Share for the quarter that ended in Dec. 2023 was $-6.58.

The historical rank and industry rank for Hong Kong Exchanges and Clearing's Net Cash per Share or its related term are showing as below:

During the past 13 years, the highest Price-to-Net-Cash Ratio of Hong Kong Exchanges and Clearing was 263.52. The lowest was 127.30. And the median was 195.41.

HKXCY's Price-to-Net-Cash is not ranked ^*
in the Capital Markets industry.
Industry Median: 6.42
* Ranked among companies with meaningful Price-to-Net-Cash only.

Hong Kong Exchanges and Clearing Net Cash per Share Historical Data

The historical data trend for Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Cash per Share

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-0.56

-2.20

-9.99

-8.10

-6.58

Hong Kong Exchanges and Clearing Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Cash per Share	Get a 7-Day Free Trial															-8.10	-6.60	-6.41	-6.11	-6.58

Competitive Comparison

For the Financial Data & Stock Exchanges subindustry, Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing Price-to-Net-Cash Distribution

For the Capital Markets industry and Financial Services sector, Hong Kong Exchanges and Clearing's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Hong Kong Exchanges and Clearing's Price-to-Net-Cash falls into.

Hong Kong Exchanges and Clearing 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.

Hong Kong Exchanges and Clearing'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)
=	(28771.287	-	37053.83	-	57.876)	/	1267.84
=	-6.58

Hong Kong Exchanges and Clearing'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)
=	(28771.287	-	37053.83	-	57.876)	/	1267.84
=	-6.58

Hong Kong Exchanges and Clearing (OTCPK:HKXCY) 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.

Hong Kong Exchanges and Clearing Net Cash per Share Related Terms

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Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hong Kong Exchanges and Clearing Ltd (OTCPK:HKXCY) » Definitions » Net Cash per Share

Comparable Companies

Traded in Other Exchanges

HKXCF:USA 00388:Hong Kong HK2C:Germany

Address

8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG

Website

https://www.hkexgroup.com

Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.