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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 |
|---|---|---|---|---|---|---|---|
| INFY | Infosys Ltd | 10.260000 | 4327438706 | 20.4250 | 4.8149 | 38.10 | 1.04 |
| GME | GameStop Corp | 8.480000 | 102267435 | None | 0.6490 | 15.88 | 7.86 |
| SDRL | Seadrill Ltd | 7.240000 | 100000000 | None | 0.2511 | 15.76 | -57.16 |
| WFT | Weatherford International PLC | 0.365600 | 1003334214 | None | None | 0.60 | -7.36 |
| XIN | Xinyuan Real Estate Co Ltd | 4.440000 | 59902818 | 3.8947 | 0.3909 | 11.25 | -46.65 |
| RRD | R.R.Donnelley & Sons Co | 3.350000 | 70800000 | None | None | 3.87 | -26.80 |
| PYX | Pyxus International Inc | 17.640000 | 9080984 | None | 0.7872 | 23.03 | -140.03 |
| HCHC | HC2 Holdings Inc | 2.780000 | 45629254 | 0.7575 | 0.5442 | 6.62 | -10.08 |
| KODK | Eastman Kodak Co | 2.480000 | 42974257 | 1.2530 | 7.4060 | 5.72 | -3.61 |
| HOV | Hovnanian Enterprises Inc | 16.460000 | 5939182 | 5.4867 | None | 19.08 | -256.54 |
| DLNG | Dynagas LNG Partners LP | 2.290000 | 35490000 | 21.7086 | 0.2489 | 3.10 | -16.99 |
| BAS | Basic Energy Services Inc | 2.790000 | 26957350 | None | 0.3428 | 3.35 | -9.62 |
| CRR | Carbo Ceramics Inc | 2.380000 | 29342216 | None | 0.2182 | 2.43 | -0.59 |
| GSL | Global Ship Lease Inc | 6.180000 | 9942950 | None | 0.1883 | 9.85 | -77.84 |
| SDLP | Seadrill Partners LLC | 0.614800 | 91821600 | 0.8197 | 0.0425 | 9.17 | -24.15 |
| HOS | Hornbeck Offshore Services Inc | 1.470000 | 37850256 | None | 0.0438 | 5.94 | -26.29 |
| RMED | Ra Medical Systems Inc | 4.050000 | 12836970 | None | 0.7794 | 5.01 | 4.94 |
| NM | Navios Maritime Holdings Inc | 3.470000 | 12993806 | None | 0.1790 | 10.61 | -129.15 |
| MN | Manning & Napier Inc | 2.200000 | 15645595 | 12.9412 | 0.2154 | 3.81 | 5.19 |
| CGA | China Green Agriculture Inc | 0.514500 | 45546945 | None | 0.0604 | 2.58 | 2.32 |
| HHS | Harte-Hanks Inc | 3.290000 | 6269356 | 1.3824 | None | 3.33 | 1.07 |
| BRS | Bristow Group Inc | 0.286100 | 35798185 | None | 0.0106 | 8.60 | -31.90 |
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.
GME:NYS GameStop
https://www.gamestop.com
GameStop has 50000 employees and is headquartered in United States.
GameStop Corp is an multichannel video game retailer. It sells new and pre-owned video game hardware, physical and digital video game software and accessories through GameStop, EB Games and Micromania stores.
HCHC:NYS HC2 Holdings
http://www.hc2.com
HC2 Holdings has 4119 employees and is headquartered in United States.
HC2 Holdings Inc is a diversified holding company which engages in construction, marine services, insurance, telecommunications, energy, life sciences, and other businesses.
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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.