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Credo Technology Group Holding (Credo Technology Group Holding) Net Cash per Share : $2.15 (As of Jan. 2024)


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What is Credo Technology Group Holding 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). Credo Technology Group Holding's Net Cash per Share for the quarter that ended in Jan. 2024 was $2.15.

The historical rank and industry rank for Credo Technology Group Holding's Net Cash per Share or its related term are showing as below:

CRDO' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 7.18   Med: 11.66   Max: 14.94
Current: 8.07

During the past 4 years, the highest Price-to-Net-Cash Ratio of Credo Technology Group Holding was 14.94. The lowest was 7.18. And the median was 11.66.

CRDO's Price-to-Net-Cash is ranked better than
51.82% of 658 companies
in the Hardware industry
Industry Median: 8.475 vs CRDO: 8.07

Credo Technology Group Holding Net Cash per Share Historical Data

The historical data trend for Credo Technology Group Holding'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.

Credo Technology Group Holding Net Cash per Share Chart

Credo Technology Group Holding Annual Data
Trend Apr20 Apr21 Apr22 Apr23
Net Cash per Share
-0.31 -0.77 1.50 1.13

Credo Technology Group Holding Quarterly Data
Apr20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.16 1.13 1.26 1.22 2.15

Competitive Comparison of Credo Technology Group Holding's Net Cash per Share

For the Communication Equipment subindustry, Credo Technology Group Holding'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.


Credo Technology Group Holding's Price-to-Net-Cash Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Credo Technology Group Holding's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Credo Technology Group Holding's Price-to-Net-Cash falls into.



Credo Technology Group Holding 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.

Credo Technology Group Holding's Net Cash per Share for the fiscal year that ended in Apr. 2023 is calculated as

Net Cash per Share (A: Apr. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(217.811-49.654-0)/148.651
=1.13

Credo Technology Group Holding's Net Cash per Share for the quarter that ended in Jan. 2024 is calculated as

Net Cash per Share (Q: Jan. 2024 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(409.134-58.499-0)/163.068
=2.15

* 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.


Credo Technology Group Holding  (NAS:CRDO) 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.


Credo Technology Group Holding Net Cash per Share Related Terms

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Credo Technology Group Holding (Credo Technology Group Holding) Business Description

Traded in Other Exchanges
Address
Ugland House, PO Box 309, Grand Cayman, CYM, KY1-1104
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.
Executives
William Joseph Brennan director, officer: Pres & Chief Executive Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Yat Tung Lam director, officer: Chief Operating Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Chi Fung Cheng director, 10 percent owner, officer: Chief Technology Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Daniel W. Fleming officer: Chief Financial Officer C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Lip Bu Tan director, 10 percent owner ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Adam Thorngate-gottlund officer: General Counsel & Secretary C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Pantas Sutardja, director C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
David Zinsner director 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Sylvia Acevedo director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Manpreet Khaira director C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110