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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 | 7.400000 | 66527880 | 24.6667 | 0.8240 | 8.94 | 0.57 |
| TK | Teekay Corp | 3.310000 | 100435096 | None | 0.3946 | 3.84 | -45.56 |
| XIN | Xinyuan Real Estate Co Ltd | 4.810000 | 64423309 | 48.1000 | 0.4872 | 15.54 | -48.07 |
| TNP | Tsakos Energy Navigation Ltd | 3.120000 | 87336453 | None | 0.1739 | 3.12 | -16.03 |
| HCHC | HC2 Holdings Inc | 3.230000 | 44774936 | 1.0189 | 0.7836 | 18.57 | 2.89 |
| KODK | Eastman Kodak Co | 2.840000 | 42726652 | 1.1406 | 6.7413 | 5.57 | -3.81 |
| HOV | Hovnanian Enterprises Inc | 0.648000 | 148479569 | 21.6000 | None | 1.27 | -9.31 |
| BRS | Bristow Group Inc | 2.710000 | 35798185 | None | 0.1002 | 8.60 | -31.90 |
| SDLP | Seadrill Partners LLC | 1.030000 | 91821600 | 0.5463 | 0.0677 | 9.60 | -24.02 |
| PIR | Pier 1 Imports Inc | 0.835900 | 85006386 | None | 0.4521 | 0.84 | -1.50 |
| GSL | Global Ship Lease Inc | 0.790000 | 79060690 | None | 0.2365 | 1.20 | -3.86 |
| HOS | Hornbeck Offshore Services Inc | 1.410000 | 37595348 | None | 0.0399 | 2.87 | -25.96 |
| KEG | Key Energy Services Inc | 1.910000 | 20297359 | None | 0.5762 | 2.13 | -9.89 |
| MN | Manning & Napier Inc | 2.190000 | 15333041 | 10.4286 | 0.2105 | 5.00 | 5.30 |
| SN | Sanchez Energy Corp | 0.380100 | 87537788 | None | None | 4.21 | -23.12 |
| CLD | Cloud Peak Energy Inc | 0.418700 | 75778186 | None | 0.0322 | 1.44 | -3.88 |
| NM | Navios Maritime Holdings Inc | 2.100000 | 12470628 | None | 0.0580 | 10.66 | -117.59 |
| CGA | China Green Agriculture Inc | 0.600000 | 38896945 | None | 0.0605 | 3.94 | 3.64 |
| PACD | Pacific Drilling SA | 15.500000 | 7500 | None | 0.0001 | 26594.53 | -514079.87 |
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.
TK:NYS Teekay
http://www.teekay.com
Teekay has 8300 employees and is headquartered in Bermuda.
Teekay Corp is a provider of crude oil and gas marine transportation services. It also offers offshore oil production, storage and offloading services, mainly under long-term, fixed-rate contracts.
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.
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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.