Altius Renewable Royalties (TSX:ARR) Net Cash per Share : C$2.46 (As of Mar. 2024)

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What is Altius Renewable Royalties 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). Altius Renewable Royalties's Net Cash per Share for the quarter that ended in Mar. 2024 was C$2.46.

The historical rank and industry rank for Altius Renewable Royalties's Net Cash per Share or its related term are showing as below:

TSX:ARR' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 2.28 Med: 4.61 Max: 5.31
Current: 2.69

During the past 6 years, the highest Price-to-Net-Cash Ratio of Altius Renewable Royalties was 5.31. The lowest was 2.28. And the median was 4.61.

TSX:ARR's Price-to-Net-Cash is ranked better than
81.82% of 33 companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.46 vs TSX:ARR: 2.69

Altius Renewable Royalties Net Cash per Share Historical Data

The historical data trend for Altius Renewable Royalties'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.

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Altius Renewable Royalties Net Cash per Share Chart

Altius Renewable Royalties Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Cash per Share

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-0.01

-0.10

2.07

1.92

3.45

Altius Renewable Royalties Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Net Cash per Share	Get a 7-Day Free Trial														1.87	1.50	1.36	3.45	2.46

Competitive Comparison of Altius Renewable Royalties's Net Cash per Share

For the Utilities - Renewable subindustry, Altius Renewable Royalties'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.

Altius Renewable Royalties's Price-to-Net-Cash Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Altius Renewable Royalties's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Altius Renewable Royalties's Price-to-Net-Cash falls into.

Altius Renewable Royalties 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.

Altius Renewable Royalties'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)
=	(119.021	-	12.904	-	0)	/	30.7876
=	3.45

Altius Renewable Royalties's Net Cash per Share for the quarter that ended in Mar. 2024 is calculated as

	Net Cash per Share (Q: Mar. 2024 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(90.952	-	14.037	-	0)	/	31.266
=	2.46

Altius Renewable Royalties (TSX:ARR) 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.

Altius Renewable Royalties Net Cash per Share Related Terms

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Altius Renewable Royalties (TSX:ARR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altius Renewable Royalties Corp (TSX:ARR) » Definitions » Net Cash per Share

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Traded in Other Exchanges

ATRWF:USA 7VZ:Germany

Address

38 Duffy Place, 2nd Floor, Saint Johns, NL, CAN, A1B 4M5

Website

https://www.arr.energy

Altius Renewable Royalties Corp is a renewable energy royalty company whose business is to invest in renewable power developers and originators. The company's long-term strategy is to gain exposure to revenue underlying renewable energy operations by acquiring and managing a portfolio of diversified renewable energy royalties including acquiring royalties and other interests directly from project originators, developers, operators, and third-party holders of existing royalties. The Company manages its business under one operating segment consisting of the acquisition and management of renewable energy investments and royalties in North America.