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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 | 9.430000 | 1149052830 | 24.9306 | 1.7405 | 1566.95 | -906.17 |
| GXP | Great Plains Energy Inc | 29.280000 | 215605456 | 22.0150 | 1.2021 | 30.39 | -9.66 |
| FLY | Fly Leasing Ltd | 13.450000 | 32156916 | None | 0.7222 | 16.70 | -60.00 |
| I | Intelsat SA | 3.060000 | 118800000 | 0.3854 | None | 5.24 | -114.37 |
| XIN | Xinyuan Real Estate Co Ltd | 5.180000 | 65713370 | 4.8868 | 0.3781 | 8.80 | -23.35 |
| SDLP | Seadrill Partners LLC | 3.400000 | 91821600 | 1.0346 | 0.2514 | 9.39 | -29.52 |
| BBG | Bill Barrett Corporation | 3.070000 | 76295908 | None | 0.4188 | 3.48 | -5.85 |
| OSG | Overseas Shipholding Group Inc | 2.660000 | 74303209 | 19.0000 | 0.7620 | 2.67 | -4.23 |
| SDRL | Seadrill Ltd | 0.360600 | 504444280 | None | 0.0190 | 2.90 | -16.21 |
| AOI | Alliance One International Inc | 14.400000 | 9734658 | 2.8984 | 0.6897 | 48.60 | -98.18 |
| HOS | Hornbeck Offshore Services Inc | 2.830000 | 36767467 | None | 0.0753 | 5.69 | -23.88 |
| CGG | CGG | 4.430000 | 22133149 | 0.1106 | 0.1009 | 17.67 | -112.56 |
| UTI | Universal Technical Institute Inc | 3.570000 | 24745003 | None | 0.6693 | 3.60 | 1.83 |
| NADL | North Atlantic Drilling Ltd | 1.330000 | 24114232 | None | 0.0975 | 1.78 | -90.69 |
| CIE | Cobalt International Energy Inc | 2.470000 | 29887467 | None | None | 3.96 | -79.42 |
| MN | Manning & Napier Inc | 4.350000 | 15054279 | 7.3729 | 0.4045 | 6.68 | 5.39 |
| CGA | China Green Agriculture Inc | 1.280000 | 38551265 | 1.8824 | 0.1301 | 3.07 | 2.70 |
| PACD | Pacific Drilling SA | 1.710000 | 21284000 | None | 0.0142 | 23.44 | -118.25 |
| TDW | Tidewater Inc | 0.720000 | 47068450 | None | 0.0208 | 15.01 | -28.21 |
| WMLP | Westmoreland Resource Partners LP | 2.208600 | 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.
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.
SDLP:NYS Seadrill Partners
http://www.seadrillpartners.com
Seadrill Partners has 1100 employees and is headquartered in United Kingdom.
Seadrill Partners LLC is engaged in owing, operating and acquiring offshore drilling units. Its drilling rigs are under long-term contracts with oil companies such as Chevron, Total, BP and ExxonMobil.
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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.