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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 |
|---|---|---|---|---|---|---|---|
| KML | Kinder Morgan Canada Ltd | 16.040000 | 116298813 | 13.1491 | 2.8721 | 37.30 | -0.17 |
| CF | Canaccord Genuity Group Inc | 6.120000 | 114857175 | 18.0000 | 1.1095 | 8.10 | 6.28 |
| NMX | Nemaska Lithium Inc | 0.345000 | 847134338 | None | 0.4918 | 0.43 | -0.25 |
| TRZ | Transat A.T. Inc | 5.040000 | 37605151 | 48.5000 | 0.3431 | 16.50 | 13.70 |
| GMP | GMP Capital Inc | 2.360000 | 72721000 | 16.8571 | 0.9654 | 7.09 | 6.70 |
| S | Sherritt International Corp | 0.425000 | 397281686 | 0.2390 | 0.1493 | 0.52 | -1.26 |
| TRIL | Trillium Therapeutics Inc | 0.950000 | 21238831 | None | 7.6668 | 0.98 | 0.57 |
| FGE | Fortress Global Enterprises Inc | 1.200000 | 14949895 | None | 0.1652 | 1.68 | -12.34 |
| CQE | Cequence Energy Ltd | 0.500000 | 24553000 | 0.3432 | 0.0806 | 0.59 | -1.85 |
| XCT | exactEarth Ltd | 0.345000 | 21646417 | None | 0.8164 | 0.67 | 0.20 |
| IPCI | IntelliPharmaCeutics International Inc | 0.295000 | 21925577 | None | 1.1822 | 0.30 | 0.22 |
| EGL | Eagle Energy Inc | 0.085000 | 44244000 | None | 0.0472 | 0.17 | -0.66 |
| NKO.DL | Niko Resources Ltd | 0.015000 | 94049967 | None | None | 0.05 | -2.15 |
| FTU | US Financial 15 Split Corp | 0.530000 | 1902494 | None | None | 1.19 | None |
| MNS | Royal Canadian Mint | 11.950000 | 4000 | None | None | 23651.75 | 11260.75 |
| MNT | Royal Canadian Mint | 18.490000 | 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 153 employees and is headquartered in Canada.
Kinder Morgan Canada Ltd owns and operates pipelines for transport of natural gas.
TRIL:TSE Trillium Therapeutics
http://www.trilliumtherapeutics.com
Trillium Therapeutics has 60 employees and is headquartered in Canada.
Trillium Therapeutics Inc is an immuno-oncology company developing therapies for the treatment of cancer. Its SIRPaFc and CD200 monoclonal antibody targets immuno regulatory pathways that tumor cells exploit to evade the host immune system.
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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.