My math is not very good so if the calculation is not correct, please correct me. Also, I assume all the firms are unlevered and which are not true. For example, AMTD just picked up some debts.
Account Valuation = (Price * Shares o/s)/Accounts
Stock, Price, Accounts, Shares o/s, Account Valuation AMTD, 20.125, 505000, 174000000, 6934 EGRP, 23.750, 1241000, 233000000, 4459 DIR, 17.625, 277000, 101000000, 6426 NDB, 30.875, 148000, 16600000, 3463 SCH, 37.000, 2800000, 816400000, 10788 TWE, 15.500, 770000, 375000000, 7548
At this point, NDB gives the best value based on account valuation and is followed by EGRP. |