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 | 15.800000 | 2285651730 | 16.8085 | 3.7446 | 114.25 | 1.98 |
| MOH | Molina Healthcare Inc | 45.800000 | 57028614 | 49.7826 | 1.5839 | 49.43 | 20.59 |
| DYN | Dynegy Inc | 7.680000 | 131016337 | None | 0.6128 | 13.56 | -54.98 |
| SDRL | Seadrill Ltd | 1.570000 | 504444280 | None | 0.0857 | 2.48 | -17.74 |
| I | Intelsat SA | 4.270000 | 118032385 | 0.5108 | None | 5.64 | -114.65 |
| FLY | Fly Leasing Ltd | 13.040000 | 32256440 | 9.3041 | 0.7090 | 16.06 | -62.17 |
| SDLP | Seadrill Partners LLC | 3.500000 | 91821600 | 1.1663 | 0.2926 | 8.11 | -31.51 |
| XIN | Xinyuan Real Estate Co Ltd | 4.510000 | 65713370 | 4.2547 | 0.3292 | 8.80 | -23.35 |
| JP | Jupai Holdings Ltd | 9.050000 | 29931126 | 17.9557 | 1.2804 | 31.81 | None |
| CIE | Cobalt International Energy Inc | 0.559600 | 448309776 | None | 0.1964 | 1.37 | -4.16 |
| HOS | Hornbeck Offshore Services Inc | 4.350000 | 36466840 | None | 0.1131 | 5.95 | -23.77 |
| CGG | CGG | 7.028300 | 22133149 | 0.1098 | 0.1130 | 27.27 | -110.86 |
| AOI | Alliance One International Inc | 12.350000 | 9734658 | 2.8522 | 0.5871 | 30.46 | -127.50 |
| MFCB | MFC Bancorp Ltd | 1.670000 | 63142272 | 1.0865 | 0.4153 | 3.78 | -3.09 |
| MN | Manning & Napier Inc | 5.800000 | 14983880 | 9.3548 | 0.5335 | 6.73 | 5.42 |
| UTI | Universal Technical Institute Inc | 3.420000 | 24681754 | None | 0.6293 | 4.17 | 2.39 |
| BCEI | Bonanza Creek Energy Inc | 1.260000 | 49680903 | None | 3.2841 | 1.62 | -18.21 |
| CGA | China Green Agriculture Inc | 1.290000 | 38535161 | 1.8696 | 0.1350 | 3.03 | 2.74 |
| TDW | Tidewater Inc | 1.020000 | 47068450 | None | 0.0276 | 13.81 | -29.45 |
| PACD | Pacific Drilling SA | 2.250000 | 21284140 | None | 0.0180 | 27.53 | -120.25 |
| NADL | North Atlantic Drilling Ltd | 1.790000 | 24114232 | None | 0.1103 | 3.57 | -93.59 |
| WMLP | Westmoreland Resource Partners LP | 5.200000 | 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.
I:NYS Intelsat
http://www.intelsat.com
Intelsat has 1150 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.
FLY:NYS Fly Leasing
http://www.flyleasing.com
Fly Leasing has None employees and is headquartered in Ireland.
Fly Leasing Ltd is a lessor of modern, fuel-efficient commercial jet aircraft. Its aircraft are leased under long-term to medium-term contracts to a diverse group of airlines.
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.