Today, we decided to present you with a brief analysis of cash per share of Slovenian Blue Chip companies.

In February and March, most Slovenian companies published their FY results, so we decided to update our cash per share analysis for chosen blue-chip companies in Slovenia that did already publish FY results. The analysis is done in order to see the strength of the balance sheet and how liquid selected companies are. This figure, cash per share, as a percentage of a company’s share price, can give us more insight into the company’s strength in returning the money to shareholders (either through dividends or buybacks), paying down debt, etc. We are excluding financial companies out as this measure as is not adequate, while Telekom Slovenije will publish their annual report on 21 April.

Cash per Share of Slovenian Blue Chips (EUR)

It is important to note that looking solely at cash per share of the company could lead to a misleading conclusion without taking into consideration the company’s indebtedness, which you can find here.

A high level of cash per share indicates a solid performance of the company, reassuring the shareholders that the company is operating with “enough room” and liquidity to cover any potential difficulties and that the company has adequate capital.

Cash Per Share as a Percentage of the Current Share Price

As visible in the graph, out of chosen Slovenian companies that published FY results, Cinkarna Celje operates with the highest cash per share as a percentage of their current share price of 26.7%, while their cash per share amounts to EUR 59.8. Krka comes next with 10.4% and Petrol with 9%.

On the flip side, Luka Koper has the lowest cash per share as a percentage of its current share price (EUR 24.60) of 5.1%. Luka Koper cash per share amounted to EUR 1.3.

Cash position of Slovenian Blue Chips (EUR m)