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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 | 11.580000 | 1149052830 | 46.3874 | 2.0146 | 1566.95 | -906.17 |
| MNK | Mallinckrodt PLC | 13.410000 | 86387326 | 0.7225 | 0.1731 | 14.60 | -63.36 |
| KEN | Kenon Holdings Ltd | 15.670000 | 53826749 | None | 0.8629 | 26.33 | 7.08 |
| UIS | Unisys Corp | 11.150000 | 50639210 | None | None | 14.49 | 1.76 |
| CYH | Community Health Systems Inc | 3.830000 | 116319124 | None | 0.4329 | 4.84 | -114.77 |
| XIN | Xinyuan Real Estate Co Ltd | 5.170000 | 64983022 | 8.4169 | 0.3565 | 12.41 | -26.20 |
| SDLP | Seadrill Partners LLC | 3.280000 | 91821600 | 2.1717 | 0.2352 | 9.21 | -27.82 |
| KODK | Eastman Kodak Co | 4.900000 | 42642450 | 2.6796 | None | 8.07 | -1.38 |
| AOI | Alliance One International Inc | 21.350000 | 9008725 | 3.6328 | 0.7637 | 23.25 | -138.27 |
| BPI | Bridgepoint Education Inc | 6.120000 | 27157986 | 18.9688 | 1.2833 | 6.82 | 4.08 |
| LEJU | Leju Holdings Ltd | 1.090000 | 135763962 | None | 0.5403 | 1.54 | None |
| HOS | Hornbeck Offshore Services Inc | 3.640000 | 37147663 | 5.1096 | 0.0964 | 5.03 | -24.07 |
| SDRL | Seadrill Ltd | 0.280000 | 504444280 | None | 0.0208 | 2.67 | -15.82 |
| NM | Navios Maritime Holdings Inc | 0.809300 | 124709280 | None | 0.1981 | 0.92 | -12.26 |
| PKD | Parker Drilling Co | 0.610100 | 139219872 | None | 0.2747 | 1.02 | -3.13 |
| UTI | Universal Technical Institute Inc | 3.030000 | 25009726 | None | 0.4679 | 3.46 | 1.74 |
| GSL | Global Ship Lease Inc | 1.180000 | 55015690 | None | 0.2558 | 1.33 | -5.91 |
| CGA | China Green Agriculture Inc | 1.250000 | 38551265 | 1.8939 | 0.1150 | 3.77 | 3.42 |
| MN | Manning & Napier Inc | 3.150000 | 15263565 | 12.6000 | 0.3000 | 5.13 | 5.32 |
| PQ | Petroquest Energy Inc | 0.596700 | 25587441 | None | None | 0.61 | -11.48 |
| WMLP | Westmoreland Resource Partners LP | 1.008000 | 1284840 | None | 14.8853 | 28.59 | -223.45 |
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.
MNK:NYS Mallinckrodt
http://www.mallinckrodt.com
Mallinckrodt has 3900 employees and is headquartered in United Kingdom.
Mallinckrodt PLC is a drug manufacturing company that develops, manufactures, markets and distributes specialty pharmaceutical and biopharmaceutical products. It operates in two segments including branded pharmaceuticals and generic drugs.
KEN:NYS Kenon Hldgs
http://www.kenon-holdings.com
Kenon Hldgs has 5348 employees and is headquartered in Singapore.
Kenon Holdings Ltd, through its subsidiaries, provides electricity generation using technologies such as hydroelectric, natural gas and diesel turbines and heavy fuel oil engines, in Peru, Chile, Colombia, El Salvador, Jamaica, Nicaragua, among others.
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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.