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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 |
|---|---|---|---|---|---|---|---|
| TRZ | Transat A.T. Inc | 8.450000 | 37384003 | 1.9560 | 0.5601 | 20.04 | 13.78 |
| AIM | Aimia Inc | 1.960000 | 152307196 | None | None | 3.22 | 0.27 |
| GMP | GMP Capital Inc | 3.140000 | 75451000 | None | 1.3078 | 8.51 | 7.78 |
| CXR | Concordia International Corp | 0.620000 | 51283574 | None | None | 6.38 | -65.55 |
| KRN | Karnalyte Resources Inc | 0.400000 | 28116000 | None | 0.6334 | 0.44 | 0.89 |
| TLB.DL | TearLab Corp | 0.330000 | 10216998 | None | None | 0.71 | -2.06 |
| LGQ | Logiq Asset Management Ltd. | 0.010000 | 327101000 | None | 0.3991 | 0.08 | 0.02 |
| NPS | Northern Power Systems Corp | 0.105000 | 23853884 | 32.8997 | None | 0.16 | 0.10 |
| LRT.UN | Lanesborough Real Estate Investment Trust | 0.010000 | 20557320 | None | None | 0.08 | -11.83 |
| MNT | Royal Canadian Mint | 17.910000 | 4000 | None | None | 23651.75 | 11260.75 |
| MNS | Royal Canadian Mint | 12.750000 | 4000 | None | None | 23651.75 | 11260.75 |
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.
TRZ:TSE Transat A.T.
http://www.transat.com
Transat A.T. has 5055 employees and is headquartered in Canada.
Transat A.T. Inc company specializes in the organization, marketing and distribution of holiday travel in the tourism industry. The core of its business consists of tour operators based in Canada and Europe.
CXR:TSE Concordia International
http://www.concordiarx.com
Concordia International has 444 employees and is headquartered in Canada.
Concordia International Corp is a specialty pharmaceutical company which owns a diversified portfolio of branded and generic prescription products. It focuses on generic and legacy pharmaceutical products.
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.