I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.
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 TSX
Today’s data is for companies listed on the TSX Venture Exchange.
Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
---|---|---|---|---|---|---|---|
BOE | GrowMax Resources Corp | 0.155000 | 215925645 | None | 0.3801 | 0.20 | 0.26 |
AM.H | Automodular Corp | 2.420000 | 13009027 | None | 0.9253 | 2.62 | 2.13 |
ADI | Adriana Resources Inc | 0.170000 | 157554238 | None | 0.7795 | 0.18 | 0.33 |
AWI | Advent Wireless Inc | 1.070000 | 11935513 | 11.5054 | 0.7712 | 1.13 | 0.11 |
AUV | Augyva Mining Resources Inc | 0.105000 | 98940455 | None | 0.7464 | 0.14 | -0.01 |
ACE.H | ACE Aviation Holdings Inc | 0.195000 | 32475000 | 6.5000 | 0.0474 | 0.35 | 2.19 |
MBG | Malbex Resources Inc | 0.350000 | 14654730 | None | 0.9473 | 0.37 | 0.46 |
TGH | Tornado Global Hydrovacs Ltd | 0.080000 | 59480843 | None | 0.3331 | 0.08 | 0.04 |
EEL | Esrey Energy Ltd | 0.110000 | 39762771 | None | 0.4431 | 0.18 | 0.17 |
IGP | Imperial Ginseng Products Ltd | 0.550000 | 7209847 | 9.1667 | 0.2052 | 0.58 | 0.21 |
NOL.H | Knol Resources Corp | 0.050000 | 55696470 | None | 0.6781 | 0.08 | 1.43 |
IBT | Ibex Technologies Inc | 0.105000 | 24703244 | 25.7922 | 0.5179 | 0.12 | 0.07 |
TRU | Trius Investments Inc | 0.190000 | 11270841 | 2.6836 | 0.2271 | 0.61 | 0.61 |
GTT | GT Gold Corp | 0.250000 | 7850000 | None | 0.9510 | 0.27 | None |
CBV | Cobra Venture Corp | 0.100000 | 15903748 | None | 0.3908 | 0.17 | -0.01 |
LHR | Lakeview Hotel Investment Corp | 0.080000 | 19557806 | None | None | 0.18 | -3.92 |
POC | Pacific Iron Ore Corp | 0.185000 | 6737858 | None | 0.4228 | 0.23 | 0.13 |
CRD | Coronado Resources Ltd | 0.210000 | 5662340 | None | 0.5380 | 0.22 | 1.17 |
JTC | Jemtec Inc | 0.350000 | 2485654 | None | 0.7392 | 0.53 | 1.40 |
NER | Newmac Resources Inc | 0.060000 | 9716042 | None | 0.0663 | 0.08 | 0.00 |
IVC | Interconnect Ventures Corp | 0.055000 | 9711901 | None | 0.6563 | 0.08 | None |
WAS.H | Watusi Capital Corp | 0.070000 | 4000000 | None | 0.5425 | 0.13 | None |
KWF | Knightswood Financial Corp | 0.070000 | 3011667 | 2.3333 | 0.2934 | 0.23 | -26.05 |
LEQ.H | Leo Acquisitions Corp | 0.050000 | 2194088 | None | 0.5393 | 0.14 | None |
MVY | Moovly Media Inc | 0.165000 | 5624 | None | 0.0046 | 6.12 | 4.46 |
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.
BOE:TSX GrowMax Resources
http://www.americaspetrogas.com
GrowMax Resources has 67 employees and is headquartered in Canada.
GrowMax Resources Corp is an international Canadian company with phosphates and potash exploration blocks in Peru and minor oil & gas assets in Argentina.
AM.H:TSX Automodular
http://www.automodular.com
Automodular has 525 employees and is headquartered in Canada.
Automodular Corp is engaged in sequencing and sub-assembly of modules that are installed in equipment assembled by North American Original Equipment Manufacturers at plants in Canada. Its offerings include instrument panel, power pack and rear suspension.
Free Valuation
Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx.
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.