NACCO Industries is a holding company. Through its subsidiaries, Co. delivers aggregates, minerals, reliable fuels and environmental solutions through its portfolio of NACCO Natural Resources businesses. Co. operates under three business segments: Coal Mining, which operates surface coal mines under long-term contracts with power generation companies pursuant to a service-based business model; North American Mining, which provides contract mining and other services for producers of industrial minerals; and Minerals Management, which owns royalty interests, mineral interests, nonparticipating royalty interests and overriding royalty interests. We show 57 historical shares outstanding datapoints in our NC shares outstanding history coverage, used to compute NC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NC market cap history over the course of time is important for investors
interested in comparing NC'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 NC versus a peer is one thing; comparing
NC 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 NC can fluctuate over the course of history.
With this page we aim to empower investors researching NC by allowing them to research the NC market cap history. |
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Video: The Importance of Market Cap
