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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 |
|---|---|---|---|---|---|---|---|
| ENIA | Enel Americas SA | 9.410000 | 1149052830 | 24.8777 | 1.7368 | 1566.95 | -906.17 |
| GXP | Great Plains Energy Inc | 29.500000 | 215605456 | 22.1805 | 1.2111 | 30.39 | -9.66 |
| TK | Teekay Corp | 6.250000 | 86259064 | None | 0.6322 | 6.28 | -76.74 |
| FLY | Fly Leasing Ltd | 13.280000 | 32156916 | None | 0.7130 | 16.70 | -60.00 |
| I | Intelsat SA | 3.130000 | 118800000 | 0.3942 | None | 5.24 | -114.37 |
| XIN | Xinyuan Real Estate Co Ltd | 4.910000 | 65713370 | 4.6321 | 0.3584 | 8.80 | -23.35 |
| SDLP | Seadrill Partners LLC | 3.160000 | 91821600 | 0.9616 | 0.2336 | 9.39 | -29.52 |
| BBG | Bill Barrett Corporation | 2.880000 | 76295908 | None | 0.3929 | 3.48 | -5.85 |
| SDRL | Seadrill Ltd | 0.366600 | 504444280 | None | 0.0193 | 2.90 | -16.21 |
| OSG | Overseas Shipholding Group Inc | 2.390000 | 74303209 | 17.0714 | 0.6846 | 2.67 | -4.23 |
| AOI | Alliance One International Inc | 14.450000 | 9734658 | 2.8984 | 0.6921 | 48.60 | -98.18 |
| CGG | CGG | 4.570000 | 22133149 | 0.1106 | 0.1041 | 17.67 | -112.56 |
| HOS | Hornbeck Offshore Services Inc | 2.680000 | 36767467 | None | 0.0713 | 5.69 | -23.88 |
| UTI | Universal Technical Institute Inc | 3.560000 | 24745003 | None | 0.6674 | 3.60 | 1.83 |
| NADL | North Atlantic Drilling Ltd | 1.490000 | 24114232 | None | 0.1092 | 1.78 | -90.69 |
| CIE | Cobalt International Energy Inc | 2.380000 | 29887467 | None | None | 3.96 | -79.42 |
| MN | Manning & Napier Inc | 3.900000 | 15054279 | 6.6102 | 0.3627 | 6.68 | 5.39 |
| CGA | China Green Agriculture Inc | 1.300000 | 38551265 | 1.9118 | 0.1321 | 3.07 | 2.70 |
| TDW | Tidewater Inc | 0.812500 | 47068450 | None | 0.0234 | 15.01 | -28.21 |
| PACD | Pacific Drilling SA | 1.630000 | 21284000 | None | 0.0135 | 23.44 | -118.25 |
| WMLP | Westmoreland Resource Partners LP | 3.300000 | 1284840 | None | None | 15.75 | -232.96 |
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.
TK:NYS Teekay
http://www.teekay.com
Teekay has 8000 employees and is headquartered in Bermuda.
Teekay Corp is a provider of crude oil and gas marine transportation services. It also offers offshore oil production, storage and offloading services, mainly under long-term, fixed-rate contracts.
FLY:NYS Fly Leasing
http://www.flyleasing.com
Fly Leasing has None employees and is headquartered in Ireland.
Fly Leasing Ltd is principally engaged in purchasing commercial aircraft which are leased under multi-year contracts to a diverse group of airlines across the world.
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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.