Community Health Systems (CYH:NYS) and Eastman Kodak (KODK:NYS) Trading at Less than Cash Value

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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 11.400000 1149052830 45.7059 1.9850 1566.95 -906.17
UIS Unisys Corp 11.200000 50473301 None None 11.86 -0.87
CYH Community Health Systems Inc 4.540000 114627148 None 0.4329 4.91 -116.46
XIN Xinyuan Real Estate Co Ltd 6.090000 64983022 9.8385 0.4167 12.41 -26.20
SDLP Seadrill Partners LLC 2.950000 91821600 1.2498 0.2108 9.21 -27.82
KODK Eastman Kodak Co 4.950000 42571360 None None 8.03 -1.60
LEJU Leju Holdings Ltd 1.440000 135763962 None 0.7009 1.54 None
OSG Overseas Shipholding Group Inc 2.480000 75043166 3.8750 0.6204 2.66 -3.89
SDRL Seadrill Ltd 0.250000 504444280 None 0.0134 2.67 -15.82
HOS Hornbeck Offshore Services Inc 3.200000 37147663 4.3836 0.0827 5.03 -24.07
PKD Parker Drilling Co 0.760900 138908085 None 0.3575 1.02 -3.14
RUBI The Rubicon Project Inc 1.970000 49791391 None 0.5325 2.00 1.60
UTI Universal Technical Institute Inc 2.680000 25009726 None 0.4166 3.46 1.74
GSL Global Ship Lease Inc 1.020000 54981565 None 0.1596 1.19 -5.99
CGA China Green Agriculture Inc 1.340000 38551265 2.0303 0.1233 3.77 3.42
MN Manning & Napier Inc 3.300000 15040347 6.7347 0.3046 6.87 5.40
WMLP Westmoreland Resource Partners LP 2.450000 1284840 None None 17.39 -234.02

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.

CYH:NYS Community Health Systems

http://www.chs.net
Community Health Systems has 95000 employees and is headquartered in United States.
Community Health Systems Inc is a operators of general acute care hospitals. The company operates in hospital operations which includes its general acute care hospitals and related healthcare entities.

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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