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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 | 14.480000 | 2285651730 | 15.4043 | 3.4318 | 114.25 | 1.98 |
| MOH | Molina Healthcare Inc | 47.670000 | 57028614 | 51.8152 | 1.6486 | 49.43 | 20.59 |
| DYN | Dynegy Inc | 7.190000 | 131319688 | None | 0.5750 | 13.52 | -54.85 |
| SD.DL | SandRidge Energy Inc | 18.090000 | 35872778 | None | 1.2652 | 18.19 | 17.68 |
| I | Intelsat SA | 4.180000 | 118032385 | 0.5000 | None | 5.64 | -114.65 |
| BTU | Peabody Energy Corp | 23.820000 | 18491188 | None | 1.3339 | 47.17 | 46.08 |
| KODK | Eastman Kodak Co | 9.750000 | 42451096 | 9.8485 | None | 10.20 | 0.61 |
| FLY | Fly Leasing Ltd | 12.680000 | 32256440 | 9.3041 | 0.6895 | 16.06 | -62.17 |
| SDRL | Seadrill Ltd | 0.752100 | 504444280 | None | 0.0411 | 2.48 | -17.74 |
| XIN | Xinyuan Real Estate Co Ltd | 4.280000 | 65713370 | 4.0377 | 0.3124 | 8.80 | -23.35 |
| SDLP | Seadrill Partners LLC | 2.960000 | 91821600 | 0.9863 | 0.2475 | 8.11 | -31.51 |
| CIE | Cobalt International Energy Inc | 0.450000 | 448309776 | None | 0.1964 | 1.37 | -4.16 |
| CGG | CGG | 7.048000 | 22133149 | 0.1101 | 0.1133 | 27.27 | -110.86 |
| HOS | Hornbeck Offshore Services Inc | 3.600000 | 36466840 | None | 0.0936 | 5.95 | -23.77 |
| AOI | Alliance One International Inc | 12.600000 | 9734658 | 2.9099 | 0.5990 | 30.46 | -127.50 |
| MFCB | MFC Bancorp Ltd | 1.560000 | 62692272 | 1.0056 | 0.3955 | 1.92 | -1.46 |
| UTI | Universal Technical Institute Inc | 3.500000 | 24681754 | None | 0.6440 | 4.17 | 2.39 |
| MN | Manning & Napier Inc | 5.650000 | 14983880 | 9.1129 | 0.5197 | 6.73 | 5.42 |
| IO | ION Geophysical Corp | 4.300000 | 11792446 | None | 0.9588 | 4.46 | -9.00 |
| NADL | North Atlantic Drilling Ltd | 2.100000 | 24114232 | None | 0.1294 | 3.57 | -93.59 |
| CGA | China Green Agriculture Inc | 1.270000 | 38535161 | 1.8406 | 0.1329 | 3.03 | 2.74 |
| BCEI | Bonanza Creek Energy Inc | 0.871100 | 49669026 | None | 2.2699 | 1.62 | -18.22 |
| TDW | Tidewater Inc | 0.889300 | 47068450 | None | 0.0241 | 13.81 | -29.45 |
| PACD | Pacific Drilling SA | 1.790000 | 21284140 | None | 0.0143 | 27.53 | -120.25 |
| WMLP | Westmoreland Resource Partners LP | 5.066000 | 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.
SD.DL:NYS SandRidge Energy
http://www.sandridgeenergy.com
SandRidge Energy has 509 employees and is headquartered in United States.
SandRidge Energy Inc is an oil and natural gas company engaged in exploration, development and production activities in the Mid Continent, Gulf of Mexico and Gulf Coast.
KODK:NYS Eastman Kodak
http://www.kodak.com
Eastman Kodak has 6100 employees and is headquartered in United States.
Eastman Kodak Co is a technology company providing imaging for business. It provides commercial products and services in technologies including materials science; digital imaging science and software; and deposition processes.
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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.