Today, we decided to present you with a brief analysis of cash per share of Slovenian companies.
After Slovenian companies published their 1H reports, we decided to present you with a cash per share analysis. The analysis is done to see the strength of the balance sheet and how liquid selected Slovenian companies are. This figure as the percentage of a company’s share price can give us more insight into the company’s strength on returning the money to shareholders (either through dividends or buybacks), paying down debt etc.
Cash per share of Slovenian Blue Chips
It is important to note that looking at solely cash per share of a company could lead to misleading conclusions without also taking into consideration the company’s indebtedness. To read about the indebtedness of Slovenian blue chips, click here.
A high level of cash per share indicates a solid performance of the company, reinsuring the shareholders that the company is operating with “enough room” to cover for any potential difficulties and that the company has adequate capital.
Cash per share as a % of share price
As visible in the graph, of the selected companies, Cinkara Celje operates with the highest cash per share as a percentage of their current share price of 15.90% and cash per share amounted to EUR 38.47. Luka Koper comes next with 15.48%. On the flip side, Telekom Slovenije has the lowest cash per share as a percentage of current share price (4.40%).
In the graph below you can see the cash position of selected Slovenian companies as of end June 2021. As visible from the graph, only Krka breached the EUR 100m mark with little above EUR 450m.
Cash position of Slovenian Blue Chips (EUR m)