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Primech Holdings (Primech Holdings) Net Cash per Share : $-0.62 (As of Sep. 2023)


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What is Primech Holdings 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). Primech Holdings's Net Cash per Share for the quarter that ended in Sep. 2023 was $-0.62.

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

PMEC's Price-to-Net-Cash is not ranked *
in the Business Services industry.
Industry Median: 7.98
* Ranked among companies with meaningful Price-to-Net-Cash only.

Primech Holdings Net Cash per Share Historical Data

The historical data trend for Primech Holdings'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.

Primech Holdings Net Cash per Share Chart

Primech Holdings Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Net Cash per Share
-0.21 -0.25 -0.47 -0.70

Primech Holdings Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Net Cash per Share Get a 7-Day Free Trial -0.53 -0.47 -0.68 -0.70 -0.62

Competitive Comparison of Primech Holdings's Net Cash per Share

For the Specialty Business Services subindustry, Primech Holdings'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.


Primech Holdings's Price-to-Net-Cash Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Primech Holdings's Price-to-Net-Cash distribution charts can be found below:

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



Primech Holdings 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.

Primech Holdings's Net Cash per Share for the fiscal year that ended in Mar. 2023 is calculated as

Net Cash per Share (A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(9.072-33.99-0.052)/35.55
=-0.70

Primech Holdings's Net Cash per Share for the quarter that ended in Sep. 2023 is calculated as

Net Cash per Share (Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(8.685-30.502-0.058)/35.55
=-0.62

* 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.


Primech Holdings  (NAS:PMEC) 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.


Primech Holdings Net Cash per Share Related Terms

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Primech Holdings (Primech Holdings) Business Description

Traded in Other Exchanges
N/A
Address
23 Ubi Crescent, Singapore, SGP, 408579
Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines