HRNetGroup is a human resource provider that has announced results recently.
What surprised me is that amount of cash on hand at the moment, a good 289m.
That translate to net cash position of 289m - (all liabilities) 54.698m= $0.2317 net cash per share.
The market is offering us about $0.78 per share. If we take away that figure by net cash per share, that translate to about $0.548252 per share.
Net income goes to 46.342 or $0.04582 per share.
That translate to about a PE of 11.9.
Provided this company continues to do well, I think there is a good chance of undervaluation.
Subscribe to:
Post Comments (Atom)
-
Obligatory food shot for the people in InvestingNote. Just kidding. The author is vested in Cordlife, and has 6% of his portfolio "inve... -
S&P500: 16.63% was 17.19% Tracker: 8.21% was 4.17% STI: 10.73% was 8.13% My portfolio: 25.78% was 23.86%. I generate this image by as...
March 2025 portfolio update
Year to date: My portfolio: 35.72% S&P: -6.29% Tracker Fund: 15.25% STI: 5.92% Notable transactions: as the price of OKP revised upwards...
No comments:
Post a Comment