Stockcalc – Free Trial
Have a free look inside the StockCalc website at www.stockcalc.com
I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.
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 |
|---|---|---|---|---|---|---|---|
| KML | Kinder Morgan Canada Ltd | 14.850000 | 116216564 | 13.0263 | 1.3082 | 37.43 | -0.17 |
| CF | Canaccord Genuity Group Inc | 5.840000 | 115706975 | 13.9048 | 1.1406 | 7.75 | 5.66 |
| TRZ | Transat A.T. Inc | 5.940000 | 37583687 | 59.4000 | 0.3725 | 15.80 | 13.71 |
| GMP | GMP Capital Inc | 2.160000 | 72721000 | 15.4286 | 0.8555 | 6.79 | 6.39 |
| SCB | Street Capital Group Inc | 0.520000 | 122184000 | 35.2614 | 0.4547 | 0.63 | 0.60 |
| FGE | Fortress Global Enterprises Inc | 1.580000 | 14949895 | None | 0.2175 | 1.68 | -12.34 |
| EGL | Eagle Energy Inc | 0.115000 | 44244000 | None | 0.0638 | 0.17 | -0.66 |
| NKO | Niko Resources Ltd | 0.030000 | 94049967 | None | None | 0.04 | -2.15 |
| ZAR | Zargon Oil & Gas Ltd | 0.045000 | 30900000 | None | 0.0822 | 0.11 | -1.22 |
| FTU | US Financial 15 Split Corp | 0.600000 | 1904884 | None | None | 1.20 | None |
| MNT | Royal Canadian Mint | 17.850000 | 4000 | None | None | 23651.75 | 11260.75 |
| MNS | Royal Canadian Mint | 12.310000 | 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.
KML:TSE Kinder Morgan Canada
http://www.kindermorgancanadaltd.com
Kinder Morgan Canada has 473 employees and is headquartered in Canada.
Kinder Morgan Canada Ltd owns and operates pipelines for transport of natural gas.
FGE:TSE Fortress Global
http://www.fortresspaper.com
Fortress Global has 616 employees and is headquartered in Canada.
Fortress Global Enterprises Inc, formerly Fortress Paper Ltd is a producer of pulp, security papers and other security related products. It operates in two business segments: Dissolving pulp and security paper products.
Free Valuation
Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.
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.