Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). JL Mag Rare-Earth Co's share price for the quarter that ended in Mar. 2024 was HK$6.67. JL Mag Rare-Earth Co's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 1,345 Mil. Therefore, JL Mag Rare-Earth Co's market cap for the quarter that ended in Mar. 2024 was HK$8,969 Mil.
JL Mag Rare-Earth Co's quarterly market cap
increased
from Sep. 2023 (HK$13,358 Mil) to Dec. 2023 (HK$13,501 Mil) but then
declined
from Dec. 2023 (HK$13,501 Mil) to Mar. 2024 (HK$8,969 Mil).
JL Mag Rare-Earth Co's annual market cap
increased
from Dec. 2021 (HK$0 Mil) to Dec. 2022 (HK$18,770 Mil) but then
declined
from Dec. 2022 (HK$18,770 Mil) to Dec. 2023 (HK$13,501 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. JL Mag Rare-Earth Co's Enterprise Value for Today is HK$16,388 Mil.
JL Mag Rare-Earth Co Market Cap Historical Data
The historical data trend for JL Mag Rare-Earth Co's Market Cap 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 JL Mag Rare-Earth Co's Market Cap
For the Metal Fabrication subindustry, JL Mag Rare-Earth Co's Market Cap, along with its competitors' market caps and Market Cap 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.
JL Mag Rare-Earth Co's Market Cap Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, JL Mag Rare-Earth Co's Market Cap distribution charts can be found below:
* The bar in red indicates where JL Mag Rare-Earth Co's Market Cap falls into.
JL Mag Rare-Earth Co Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
JL Mag Rare-Earth Co's Market Cap for the fiscal year that ended in Dec. 2023 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.
JL Mag Rare-Earth Co (HKSE:06680) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
JL Mag Rare-Earth Co Market Cap Related Terms
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JL Mag Rare-Earth Co (HKSE:06680) Business Description
JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.
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