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.
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