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 | 15.530000 | 2285651730 | 16.5213 | 3.6806 | 114.25 | 1.98 |
| MOH | Molina Healthcare Inc | 44.010000 | 57028614 | 47.8370 | 1.5220 | 49.43 | 20.59 |
| DYN | Dynegy Inc | 7.290000 | 131016337 | None | 0.5817 | 13.56 | -54.98 |
| SDRL | Seadrill Ltd | 1.380000 | 504444280 | None | 0.0754 | 2.48 | -17.74 |
| SD | SandRidge Energy Inc | 17.320000 | 35872778 | None | 1.2113 | 18.19 | 17.68 |
| I | Intelsat SA | 4.170000 | 118032385 | 0.4988 | None | 5.64 | -114.65 |
| FLY | Fly Leasing Ltd | 12.990000 | 32256440 | 9.3041 | 0.7063 | 16.06 | -62.17 |
| XIN | Xinyuan Real Estate Co Ltd | 4.570000 | 66708803 | 4.0088 | 0.3246 | 13.91 | -20.29 |
| SDLP | Seadrill Partners LLC | 3.270000 | 91821600 | 1.0896 | 0.2734 | 8.11 | -31.51 |
| JP | Jupai Holdings Ltd | 8.790000 | 29931126 | 17.4845 | 1.2468 | 31.81 | None |
| CIE | Cobalt International Energy Inc | 0.387300 | 447296474 | None | 0.1964 | 1.37 | -4.17 |
| HOS | Hornbeck Offshore Services Inc | 4.190000 | 36466840 | None | 0.1089 | 5.95 | -23.77 |
| CGG | CGG | 6.810000 | 22133149 | 0.1064 | 0.1095 | 27.27 | -110.86 |
| AOI | Alliance One International Inc | 13.850000 | 9734658 | 3.1986 | 0.6584 | 30.46 | -127.50 |
| MFCB | MFC Bancorp Ltd | 1.810000 | 63142272 | 1.1779 | 0.4503 | 3.78 | -3.09 |
| UTI | Universal Technical Institute Inc | 3.510000 | 24681754 | None | 0.6458 | 4.17 | 2.39 |
| MN | Manning & Napier Inc | 5.450000 | 14983880 | 8.7903 | 0.5013 | 6.73 | 5.42 |
| BCEI | Bonanza Creek Energy Inc | 1.080000 | 49680903 | None | 2.8149 | 1.62 | -18.21 |
| PACD | Pacific Drilling SA | 2.320000 | 21284140 | None | 0.0185 | 27.53 | -120.25 |
| CGA | China Green Agriculture Inc | 1.246000 | 38535161 | 1.8058 | 0.1304 | 3.03 | 2.74 |
| TDW | Tidewater Inc | 0.985100 | 47068450 | None | 0.0267 | 13.81 | -29.45 |
| NADL | North Atlantic Drilling Ltd | 1.510000 | 24114232 | None | 0.0931 | 3.57 | -93.59 |
| WMLP | Westmoreland Resource Partners LP | 5.090000 | 1284840 | None | None | 11.75 | -235.48 |
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.
MOH:NYS Molina Healthcare
http://www.molinahealthcare.com
Molina Healthcare has 21000 employees and is headquartered in United States.
Molina Healthcare Inc offers Medicaid-related solutions to meet the health care needs of low-income families and individuals, and to assist government agencies in administration of the Medicaid program.
SDRL:NYS Seadrill
http://www.seadrill.no
Seadrill has 6995 employees and is headquartered in Bermuda.
Seadrill Ltd provides drilling & well services to the offshore industry. It has a fleet of drilling units that is outfitted to operate in shallow water, mid-water and deepwater areas, in benign and harsh environments.
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.