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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 |
|---|---|---|---|---|---|---|---|
| FPH | Five Point Holdings LLC | 7.990000 | 66527880 | 20.4872 | 0.8786 | 10.20 | 1.84 |
| FLY | Fly Leasing Ltd | 13.720000 | 27983352 | 13.0667 | 0.6527 | 14.53 | -75.67 |
| SDLP | Seadrill Partners LLC | 3.550000 | 91821600 | 1.6528 | 0.2307 | 8.78 | -26.75 |
| XIN | Xinyuan Real Estate Co Ltd | 3.800000 | 64423309 | 8.8372 | 0.3601 | 16.55 | -39.31 |
| SN | Sanchez Energy Corp | 2.210000 | 87437540 | None | None | 5.01 | -22.31 |
| KODK | Eastman Kodak Co | 2.530000 | 42671808 | 2.5556 | 8.9966 | 6.44 | -2.95 |
| MFCB | MFC Bancorp Ltd | 5.460000 | 12534801 | None | 0.3210 | 5.97 | 1.23 |
| NM | Navios Maritime Holdings Inc | 0.540000 | 124706280 | None | 0.1489 | 0.95 | -12.41 |
| GSL | Global Ship Lease Inc | 0.984600 | 55015690 | None | 0.2082 | 1.27 | -5.84 |
| ANW | Aegean Marine Petroleum Network Inc | 1.050000 | 40640422 | 3.0278 | 0.0724 | 1.84 | -19.72 |
| MN | Manning & Napier Inc | 2.530000 | 15333041 | 19.4615 | 0.2426 | 5.03 | 5.30 |
| CGA | China Green Agriculture Inc | 0.679900 | 38896945 | 1.0623 | 0.0597 | 3.95 | 3.71 |
| CBK | Christopher & Banks Corp | 0.593000 | 38422693 | None | 0.5663 | 0.60 | 1.06 |
| PKD | Parker Drilling Co | 2.430000 | 9317754 | None | 0.0939 | 12.28 | -49.84 |
| JONE | Jones Energy Inc | 4.320000 | 5143237 | None | 0.0550 | 28.79 | -161.50 |
| RRTS | Roadrunner Transportation Systems Inc | 0.493000 | 38507498 | None | 0.4043 | 0.93 | -3.97 |
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.
XIN:NYS Xinyuan Real Estate
http://www.xyre.com
Xinyuan Real Estate has 1376 employees and is headquartered in China.
Xinyuan Real Estate Co Ltd is a real estate developer and property manager. The Company develops residential properties in China.
SN:NYS Sanchez Energy
http://www.sanchezenergycorp.com
Sanchez Energy has None employees and is headquartered in United States.
Sanchez Energy Corp is an independent exploration and production company. It is engaged in exploration, acquisition, and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast and 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.