Kangxin New Materials Co (SHSE:600076) Book Value per Share : ¥3.21 (As of Mar. 2024)

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What is Kangxin New Materials Co Book Value per Share?

Kangxin New Materials Co's book value per share for the quarter that ended in Mar. 2024 was ¥3.21.

During the past 12 months, Kangxin New Materials Co's average Book Value Per Share Growth Rate was -6.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -5.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -2.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 12.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Kangxin New Materials Co was 196.10% per year. The lowest was -37.70% per year. And the median was 1.80% per year.

Kangxin New Materials Co's current price is ¥1.91. Its book value per share for the quarter that ended in Mar. 2024 was ¥3.21. Hence, today's PB Ratio of Kangxin New Materials Co is 0.60.

During the past 13 years, the highest P/B Ratio of Kangxin New Materials Co was 94.70. The lowest was 0.54. And the median was 1.32.

Kangxin New Materials Co Book Value per Share Historical Data

The historical data trend for Kangxin New Materials Co's Book Value 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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Kangxin New Materials Co Book Value per Share Chart

Kangxin New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Book Value per Share

Get a 7-Day Free Trial

3.98

3.82

3.60

3.49

3.23

Kangxin New Materials Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Book Value per Share	Get a 7-Day Free Trial															3.43	3.39	3.35	3.23	3.21

Competitive Comparison of Kangxin New Materials Co's Book Value per Share

For the Lumber & Wood Production subindustry, Kangxin New Materials Co's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Kangxin New Materials Co's PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Kangxin New Materials Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Kangxin New Materials Co's PB Ratio falls into.

Kangxin New Materials Co Book Value per Share Calculation

Kangxin New Materials Co's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(4,346.0	-	0.0)	/	1,344.5
	=	3.23

Kangxin New Materials Co's Book Value Per Share for the quarter that ended in Mar. 2024 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(4,312.4	-	0.0)	/	1,344.5
	=	3.21

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Kangxin New Materials Co (SHSE:600076) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Kangxin New Materials Co Book Value per Share Related Terms

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Kangxin New Materials Co (SHSE:600076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Kangxin New Materials Co Ltd (SHSE:600076) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wuhan East Lake Central Lake Road No. 57, Jinyinhu Withub 30, Hubei Province, Wuhan, CHN

Website

http://www.hbkangxin.com.cn

Kangxin New Materials Co Ltd engages in the collection, afforestation, processing, and sale of timber products in China. It also designs and produces building structural materials; and produces wood structural housing products. The company's products include COSB composite, multi-layer solid wood, and bamboo and wood composite container flooring products; civil sheets comprise building templates, ordinary COSB boards, environmental protection boards, and COSB boards; and landscape and green seedlings.

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