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Novacon Technology Group (HKSE:08635) Owner Earnings per Share (TTM) : 0.00 (As of Sep. 2024)


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What is Novacon Technology Group Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Novacon Technology Group does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.


The historical rank and industry rank for Novacon Technology Group's Owner Earnings per Share (TTM) or its related term are showing as below:


During the past 8 years, the highest Price-to-Owner-Earnings ratio of Novacon Technology Group was 9.66. The lowest was 3.93. And the median was 5.00.


HKSE:08635's Price-to-Owner-Earnings is not ranked *
in the Software industry.
Industry Median: 23.51
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Novacon Technology Group's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was HK$0.00. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-0.03. It's PE Ratio (TTM) ratio for today is At Loss.

Novacon Technology Group's EPS without NRI for the three months ended in Sep. 2024 was HK$0.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-0.03. It's PE Ratio without NRI ratio for today is At Loss.


Novacon Technology Group Owner Earnings per Share (TTM) Historical Data

The historical data trend for Novacon Technology Group's Owner Earnings per Share (TTM) 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.

Novacon Technology Group Owner Earnings per Share (TTM) Chart

Novacon Technology Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Owner Earnings per Share (TTM)
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Novacon Technology Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Sep24
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Competitive Comparison of Novacon Technology Group's Owner Earnings per Share (TTM)

For the Software - Application subindustry, Novacon Technology Group's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.


Novacon Technology Group's Price-to-Owner-Earnings Distribution in the Software Industry

For the Software industry and Technology sector, Novacon Technology Group's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Novacon Technology Group's Price-to-Owner-Earnings falls into.



Novacon Technology Group Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Novacon Technology Group does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Novacon Technology Group Owner Earnings per Share (TTM) Related Terms

Thank you for viewing the detailed overview of Novacon Technology Group's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.


Novacon Technology Group Business Description

Traded in Other Exchanges
N/A
Address
No. 83 Hung To Road, Office E, 17th Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG
Novacon Technology Group Ltd is a financial trading solution provider. The company through its subsidiary engaged in the development and supply of resource allocation, planning, scheduling, and management of software and services. The company generates revenue from Licensing and maintenance services and Initial setup and customization services. The company serves financial institutions, including brokerage firms and wealth management companies. Geographically, the company derives a majority of its revenue from Hong Kong.
Executives
Di Xiaoguang 2201 Interest of corporation controlled by you
Ever Persist Holdings Limited 2101 Beneficial owner
Essential Strategy Investments Limited
Expert Wisdom Holdings Limited
Wei Ming
Wong Siu King
Chung Chau Kan
Yip Kim Kam

Novacon Technology Group Headlines

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