General Finance is a holding company. Through its subsidiaries, Co. is a rental services company providing portable storage, modular space and liquid containment solutions. Co.'s branch locations across North America and the Asia-Pacific provide a range of portable storage units, including its steel containers, office container, mobile office and modular space products and steel tanks that provide Co.'s customers a way to meet their temporary storage and space needs. Co.'s customers use its storage and space units for a variety of applications, including the temporary storage of materials, supplies, equipment, retail merchandise inventories, documents and liquid storage and for office use. We show 46 historical shares outstanding datapoints in our GFN shares outstanding history coverage, used to compute GFN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GFN market cap history over the course of time is important for investors
interested in comparing GFN's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of GFN versus a peer is one thing; comparing
GFN market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like GFN can fluctuate over the course of history.
With this page we aim to empower investors researching GFN by allowing them to research the GFN market cap history. |
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Video: The Importance of Market Cap
