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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 |
|---|---|---|---|---|---|---|---|
| GME | GameStop Corp | 9.760000 | 102267435 | None | 0.7470 | 15.88 | 7.86 |
| SDRL | Seadrill Ltd | 9.780000 | 100000000 | None | 0.3392 | 15.76 | -57.16 |
| UIS | Unisys Corp | 11.400000 | 51762063 | 8.7692 | None | 11.69 | -0.92 |
| WFT | Weatherford International PLC | 0.558900 | 1003334214 | None | None | 0.60 | -7.36 |
| XIN | Xinyuan Real Estate Co Ltd | 5.000000 | 64423309 | 2.1739 | 0.4762 | 15.54 | -48.07 |
| RRD | R.R.Donnelley & Sons Co | 4.490000 | 70444352 | None | None | 5.26 | -24.43 |
| PYX | Pyxus International Inc | 20.150000 | 9080984 | 5.4420 | 0.8993 | 23.03 | -140.03 |
| KODK | Eastman Kodak Co | 2.810000 | 42974257 | 1.2530 | 7.4060 | 5.72 | -3.61 |
| HCHC | HC2 Holdings Inc | 2.200000 | 44971835 | 0.7586 | 1.1230 | 7.23 | -9.31 |
| BAS | Basic Energy Services Inc | 3.180000 | 26957350 | None | 0.3907 | 3.35 | -9.62 |
| HOV | Hovnanian Enterprises Inc | 13.340000 | 5939182 | 4.4467 | None | 19.08 | -256.54 |
| SDLP | Seadrill Partners LLC | 0.790000 | 91821600 | 1.2930 | 0.0546 | 9.17 | -24.15 |
| PIR | Pier 1 Imports Inc | 0.672500 | 85006386 | None | 0.3637 | 0.84 | -1.50 |
| GSL | Global Ship Lease Inc | 5.420000 | 10192950 | None | 0.1746 | 8.05 | -78.01 |
| HOS | Hornbeck Offshore Services Inc | 1.460000 | 37700614 | None | 0.0421 | 5.97 | -26.39 |
| NM | Navios Maritime Holdings Inc | 4.250000 | 12555913 | None | 0.1182 | 10.59 | -116.79 |
| RMED | Ra Medical Systems Inc | 3.490000 | 12689251 | None | 0.6639 | 5.07 | 5.00 |
| BRS | Bristow Group Inc | 1.220000 | 35798185 | None | 0.0451 | 8.60 | -31.90 |
| MN | Manning & Napier Inc | 2.120000 | 15684573 | 10.0952 | 0.2081 | 3.80 | 5.18 |
| CGA | China Green Agriculture Inc | 0.530100 | 39546945 | None | 0.0540 | 2.97 | 2.68 |
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.
WFT:NYS Weatherford International
http://www.weatherford.com
Weatherford International has 26500 employees and is headquartered in Switzerland.
Weatherford International PLC together with its subsidiaries is a multinational oilfield service company. The company provides equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells.
RRD:NYS R.R.Donnelley & Sons
http://www.rrd.com
R.R.Donnelley & Sons has 39500 employees and is headquartered in United States.
R.R.Donnelley & Sons Co provides printing and media solutions. It also helps customer in developing and executing multichannel communication strategies. The company’s products are commercial and digital print, statement printing, labels 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.