What is Hong Kong Ferry (Holdings) Co Net Current Asset Value?
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Hong Kong Ferry (Holdings) Co's net current asset value per share for the quarter that ended in Dec. 2023 was HK$9.75.
The historical rank and industry rank for Hong Kong Ferry (Holdings) Co's Net Current Asset Value or its related term are showing as below:
HKSE:00050'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.45 Med: 1.11 Max: 1.95
Current: 0.46
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hong Kong Ferry (Holdings) Co was 1.95. The lowest was 0.45. And the median was 1.11.
HKSE:00050's Price-to-Net-Current-Asset-Value is ranked better than 93.32% of 764
companies
in the Real Estate industry
Industry Median: 2.385
vs HKSE:00050: 0.46
Hong Kong Ferry (Holdings) Co Net Current Asset Value Historical Data
* 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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Hong Kong Ferry (Holdings) Co Net Current Asset Value Chart
Competitive Comparison of Hong Kong Ferry (Holdings) Co's Net Current Asset Value
For the Real Estate - Diversified subindustry, Hong Kong Ferry (Holdings) Co's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
Hong Kong Ferry (Holdings) Co's Price-to-Net-Current-Asset-Value Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Hong Kong Ferry (Holdings) Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hong Kong Ferry (Holdings) Co's Price-to-Net-Current-Asset-Value falls into.
Hong Kong Ferry (Holdings) Co Net Current Asset Value Calculation
Hong Kong Ferry (Holdings) Co's Net Current Asset Value (NCAV) per share 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.
Hong Kong Ferry (Holdings) Co (HKSE:00050) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Hong Kong Ferry (Holdings) Co Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Hong Kong Ferry (Holdings) Co's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Hong Kong Ferry (Holdings) Co (HKSE:00050) Business Description
Hong Kong Ferry (Holdings) Co Ltd is an investment holding company. It operates through four segments comprising Property development including the development and sale of properties; Property investment including rental income from the leasing of properties; Ferry, shipyard and related operations including income from the operation of dangerous goods vehicular ferry service and ship repairs and maintenance services and sales of goods on cruise vessels; and Securities investment segment which includes dividend, interest and other income from debt and equity securities investments. It derives a majority of the revenue from the Property investment segment. All of the group's revenue and profit from operations were derived from activities in Hong Kong.
Hong Kong Ferry (Holdings) Co (HKSE:00050) Headlines
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