Afrocentric Investment (JSE:ACT) Market Cap : R2,120 Mil (As of Jun. 08, 2024)

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What is Afrocentric Investment Market Cap?

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). Afrocentric Investment's share price for the quarter that ended in Dec. 2023 was R3.3. Afrocentric Investment's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 818 Mil. Therefore, Afrocentric Investment's market cap for the quarter that ended in Dec. 2023 was R2,701 Mil.

Afrocentric Investment's quarterly market cap increased from Dec. 2022 (R2,965 Mil) to Jun. 2023 (R3,384 Mil) but then declined from Jun. 2023 (R3,384 Mil) to Dec. 2023 (R2,701 Mil).

Afrocentric Investment's annual market cap declined from Jun. 2021 (R2,533 Mil) to Jun. 2022 (R2,523 Mil) but then increased from Jun. 2022 (R2,523 Mil) to Jun. 2023 (R3,384 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. Afrocentric Investment's Enterprise Value for Today is R2,786 Mil.

Afrocentric Investment Market Cap Historical Data

The historical data trend for Afrocentric Investment'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.

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Afrocentric Investment Market Cap Chart

Afrocentric Investment Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Market Cap

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2,832.59

2,111.57

2,532.51

2,522.98

3,383.57

Afrocentric Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Market Cap	Get a 7-Day Free Trial															3,013.80	2,522.98	2,964.83	3,383.57	2,700.58

Competitive Comparison of Afrocentric Investment's Market Cap

For the Medical Care Facilities subindustry, Afrocentric Investment'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.

Afrocentric Investment's Market Cap Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Afrocentric Investment's Market Cap distribution charts can be found below:

* The bar in red indicates where Afrocentric Investment's Market Cap falls into.

Afrocentric Investment 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.

Afrocentric Investment's Market Cap for the fiscal year that ended in Jun. 2023 is calculated as

Market Cap (A: Jun. 2023 )	=	Share Price (A: Jun. 2023 )	*	Shares Outstanding (EOP) (A: Jun. 2023 )
	=	R4.15	*	815.318
	=	R3,384

Afrocentric Investment's Market Cap for the quarter that ended in Dec. 2023 is calculated as

Market Cap (Q: Dec. 2023 )	=	Share Price (Q: Dec. 2023 )	*	Shares Outstanding (EOP) (Q: Dec. 2023 )
	=	R3.3	*	818.358
	=	R2,701

Afrocentric Investment (JSE:ACT) 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.

Afrocentric Investment Market Cap Related Terms

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Afrocentric Investment (JSE:ACT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Afrocentric Investment Corp Ltd (JSE:ACT) » Definitions » Market Cap

Comparable Companies

Traded in Other Exchanges

N/A

Address

37 Conrad Road, Florida North, Roodepoort, ZAF, 1709

Website

http://www.afrocentric.za.com

Afrocentric Investment Corp Ltd is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. It seeks to invest in healthcare-related businesses that demonstrate prospects for growth as well as diversify its revenue sources while contributing to the sustainable health and welfare of South African communities. The company provides health administration and health risk management solutions to the healthcare industry. It also provides a range of complementary services to its traditional medical scheme clients and a portfolio of healthcare-related enterprises. These services include information technology solutions, transactional switching, specialized disease management, pharmaceutical wholesaling, amongst others.