Norseman Gold (LSE:NGL) Net Cash per Share : £-0.14 (As of Jun. 2014)

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What is Norseman Gold 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). Norseman Gold's Net Cash per Share for the quarter that ended in Jun. 2014 was £-0.14.

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

LSE:NGL's Price-to-Net-Cash is not ranked ^*
in the Metals & Mining industry.
Industry Median: 5.56
* Ranked among companies with meaningful Price-to-Net-Cash only.

Norseman Gold Net Cash per Share Historical Data

The historical data trend for Norseman Gold'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.

* Premium members only.

Norseman Gold Net Cash per Share Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Net Cash per Share

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-0.10

-0.13

-0.18

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Net Cash per Share	Get a 7-Day Free Trial			-0.10	-0.10	-0.10	-0.14	-0.14

Competitive Comparison of Norseman Gold's Net Cash per Share

For the Gold subindustry, Norseman Gold'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.

Norseman Gold's Price-to-Net-Cash Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norseman Gold's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Norseman Gold's Price-to-Net-Cash falls into.

Norseman Gold 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.

Norseman Gold's Net Cash per Share for the fiscal year that ended in Jun. 2014 is calculated as

	Net Cash per Share (A: Jun. 2014 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.718	-	56.511	-	0)	/	316.893
=	-0.18

Norseman Gold's Net Cash per Share for the quarter that ended in Jun. 2014 is calculated as

	Net Cash per Share (Q: Jun. 2014 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.718	-	56.511	-	0)	/	405.510
=	-0.14

Norseman Gold (LSE:NGL) 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.

Norseman Gold Net Cash per Share Related Terms

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Norseman Gold (LSE:NGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norseman Gold PLC (LSE:NGL) » Definitions » Net Cash per Share

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.