I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.
Trading at Less than Cash Value
Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.
What this Means…
Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.
Today’s Data on NYSE
Today’s data is for companies listed on the New York Stock Exchange.
| Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
|---|---|---|---|---|---|---|---|
| INFY | Infosys Ltd | 15.210000 | 2285651730 | 16.1809 | 3.6048 | 114.25 | 1.98 |
| MOH | Molina Healthcare Inc | 48.830000 | 56821000 | 21.4167 | 1.6408 | 50.02 | 21.24 |
| DYN | Dynegy Inc | 8.480000 | 131004630 | None | 0.6134 | 11.13 | -61.56 |
| SDRL | Seadrill Ltd | 1.980000 | 504444280 | None | 0.1081 | 2.48 | -17.74 |
| I | Intelsat SA | 4.690000 | 117800000 | None | None | 8.13 | -120.43 |
| SDLP | Seadrill Partners LLC | 5.010000 | 91821600 | 1.6694 | 0.4189 | 8.11 | -31.51 |
| SD | SandRidge Energy Inc | 18.860000 | 20575551 | None | None | 31.72 | 30.82 |
| HOV | Hovnanian Enterprises Inc | 2.330000 | 147361062 | None | None | 2.35 | -10.46 |
| XIN | Xinyuan Real Estate Co Ltd | 4.950000 | 66708803 | 4.3421 | 0.3516 | 13.91 | -20.29 |
| JP | Jupai Holdings Ltd | 9.200000 | 29931126 | 18.1944 | 1.2975 | 31.81 | None |
| CGG | CGG | 8.978000 | 22133149 | 0.1402 | 0.1443 | 27.27 | -110.86 |
| HOS | Hornbeck Offshore Services Inc | 4.400000 | 36374365 | None | 0.1123 | 6.20 | -23.50 |
| AOI | Alliance One International Inc | 13.750000 | 9734658 | 3.1755 | 0.6537 | 30.46 | -127.50 |
| MFCB | MFC Bancorp Ltd | 2.020000 | 63142272 | 1.2911 | 0.4935 | 3.78 | -3.09 |
| MN | Manning & Napier Inc | 6.450000 | 15003880 | 9.6269 | 0.5795 | 8.25 | 5.41 |
| UTI | Universal Technical Institute Inc | 3.430000 | 24681754 | None | 0.6311 | 4.17 | 2.39 |
| BCEI | Bonanza Creek Energy Inc | 1.620000 | 49669026 | None | 0.9494 | 2.69 | -17.90 |
| TDW | Tidewater Inc | 1.340000 | 47068450 | None | 0.0363 | 13.81 | -29.45 |
| PACD | Pacific Drilling SA | 2.760000 | 21183000 | None | 0.0217 | 17.52 | -125.08 |
| CGA | China Green Agriculture Inc | 1.390000 | 38535161 | 2.0145 | 0.1455 | 3.03 | 2.74 |
| NADL | North Atlantic Drilling Ltd | 1.960000 | 24114232 | None | 0.1208 | 3.57 | -93.59 |
| SGY | Stone Energy Corp | 6.580000 | 5690253 | None | None | 32.05 | -216.75 |
| WMLP | Westmoreland Resource Partners LP | 4.990000 | 1221060 | None | None | 7.26 | -251.46 |
Let’s look at a few companies…
Lets look at a couple of the companies on this list to get a better understanding of them.
I:NYS Intelsat
http://www.intelsat.com
Intelsat has 1069 employees and is headquartered in Luxembourg.
Intelsat SA provides satellite communication services and ground facilities related to the satellite operations and control, and teleport services.
SDLP:NYS Seadrill Partners
http://www.seadrillpartners.com
Seadrill Partners has 1507 employees and is headquartered in United Kingdom.
Seadrill Partners LLC is engaged in owing, operating and acquiring offshore drilling units. Its drilling rigs are under long-term contracts with oil companies such as Chevron, Total, BP and ExxonMobil.
Free Valuation
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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.