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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 | 15.860000 | 116298813 | 13.1491 | 2.8399 | 37.30 | -0.17 |
| CF | Canaccord Genuity Group Inc | 5.720000 | 114857175 | 16.8235 | 1.0370 | 8.10 | 6.28 |
| NMX | Nemaska Lithium Inc | 0.335000 | 847134338 | None | 0.4776 | 0.43 | -0.25 |
| TRZ | Transat A.T. Inc | 4.800000 | 37605151 | 48.5000 | 0.3267 | 16.50 | 13.70 |
| S | Sherritt International Corp | 0.410000 | 397281686 | 0.2390 | 0.1440 | 0.52 | -1.26 |
| GMP | GMP Capital Inc | 2.170000 | 72721000 | 15.5000 | 0.8877 | 7.09 | 6.70 |
| FGE | Fortress Global Enterprises Inc | 1.150000 | 14949895 | None | 0.1583 | 1.68 | -12.34 |
| CQE | Cequence Energy Ltd | 0.520000 | 24553000 | 0.3432 | 0.0838 | 0.59 | -1.85 |
| KRN | Karnalyte Resources Inc | 0.220000 | 42174282 | None | 0.6482 | 0.25 | 0.60 |
| XCT | exactEarth Ltd | 0.350000 | 21626288 | None | 0.8274 | 0.67 | 0.20 |
| IPCI | IntelliPharmaCeutics International Inc | 0.240000 | 21925577 | None | 0.9581 | 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 | 0.460000 | 1902494 | None | None | 1.19 | None |
| MNS | Royal Canadian Mint | 12.210000 | 4000 | None | None | 23651.75 | 11260.75 |
| MNT | Royal Canadian Mint | 18.740000 | 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.
NMX:TSE Nemaska Lithium
http://www.nemaskalithium.com
Nemaska Lithium has 83 employees and is headquartered in Canada.
Nemaska Lithium Inc is an exploration stage lithium mining company in Quebec, Canada. It supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets and other consumer products.
S:TSE Sherritt International
http://www.sherritt.com
Sherritt International has 6963 employees and is headquartered in Canada.
Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and Madagascar.
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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.