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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 TSE
Today’s data is for companies listed on the Toronto Stock Exchange.
| Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
|---|---|---|---|---|---|---|---|
| ATH | Athabasca Oil Corp | 1.360000 | 406490101 | None | 0.3550 | 1.60 | 0.26 |
| CF | Canaccord Genuity Group Inc | 4.720000 | 91780305 | None | 0.8174 | 5.12 | 4.30 |
| S | Sherritt International Corp | 0.900000 | 294174923 | None | 0.2411 | 0.91 | -6.66 |
| GMP | GMP Capital Inc | 3.310000 | 78171000 | None | 1.1559 | 6.71 | 6.00 |
| CXR | Concordia International Corp | 1.810000 | 51089556 | None | 0.3222 | 7.79 | -61.61 |
| ZAR | Zargon Oil & Gas Ltd | 0.670000 | 30670000 | None | 0.5984 | 0.78 | -1.07 |
| TRZ | Transat A.T. Inc | 5.210000 | 36911719 | None | 0.4524 | 12.32 | 13.96 |
| NKO | Niko Resources Ltd | 0.080000 | 94049967 | 0.0174 | None | 0.17 | -2.23 |
| NPS | Northern Power Systems Corp | 0.190000 | 23613884 | None | None | 0.23 | 0.16 |
| CZQ | Continental Precious Minerals Inc | 0.275000 | 11706896 | None | 0.5501 | 0.48 | None |
| GII.UN.DL | Global Diversified Investment Grade Income Trust II | 0.210000 | 9778651 | 10.5000 | 0.7582 | 0.26 | None |
| PNC.A | Postmedia Network Canada Corp | 0.610000 | 1874639 | None | None | 13.41 | -169.74 |
| PNC.B | Postmedia Network Canada Corp | 0.600000 | 1874639 | None | None | 13.41 | -169.74 |
| MNT | Royal Canadian Mint | 18.340000 | 4000 | None | None | 23651.75 | 11260.75 |
| MNS | Royal Canadian Mint | 14.300000 | 4000 | None | None | 23651.75 | 11260.75 |
| CSF.DL | Cash Store Financial Services Inc | 0.135000 | 17571813 | None | None | 0.60 | -7.59 |
| LTS.DL | Lightstream Resources Ltd | 0.115000 | 198992000 | None | None | 0.20 | -1.60 |
| STP.DL | Southern Pacific Resources Corp | 0.005000 | 397959000 | None | None | 0.07 | -1.38 |
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.
CXR:TSE Concordia International
http://www.concordiarx.com
Concordia International has 516 employees and is headquartered in Canada.
Concordia International Corp is a diverse, international pharmaceutical company focused on legacy pharmaceutical products and orphan drugs. It has three business segments: Concordia North America, Orphan Drug Division and the Concordia International.
ZAR:TSE Zargon Oil & Gas
http://www.zargon.ca
Zargon Oil & Gas has 19 employees and is headquartered in Canada.
Zargon Oil & Gas Ltd is engaged in the exploration, development and production of oil and natural gas in Canada and the United States and conducts many of its activities jointly with others.
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.