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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 NASDAQ
Today’s data is for companies listed on the NASDAQ.
| Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
|---|---|---|---|---|---|---|---|
| CXDC | China XD Plastics Co Ltd | 4.700000 | 49511541 | 3.2639 | 0.3926 | 5.65 | -11.27 |
| CEMP | Cempra Inc | 3.150000 | 52509281 | None | 1.0853 | 3.56 | 3.33 |
| OPHT | Ophthotech Corp | 2.780000 | 35942879 | None | None | 3.92 | 5.86 |
| MLNK | ModusLink Global Solutions Inc | 1.760000 | 55554589 | None | 1.4185 | 2.02 | 0.96 |
| VSAR | Versartis Inc | 2.450000 | 35629099 | None | 0.9187 | 4.02 | 3.79 |
| GURE | Gulf Resources Inc | 1.780000 | 46796848 | 2.1707 | 0.2188 | 3.77 | 3.72 |
| SRRA | Sierra Oncology Inc | 1.550000 | 52268443 | None | 0.7214 | 2.23 | 0.46 |
| ECYT | Endocyte Inc | 1.400000 | 42575444 | None | 0.5141 | 1.53 | 0.84 |
| WLB | Westmoreland Coal Co | 2.340000 | 18742143 | None | None | 3.07 | -54.31 |
| APWC | Asia Pacific Wire & Cable Corp Ltd | 2.950000 | 13819669 | 14.0476 | 0.2999 | 3.49 | 1.44 |
| EVK | Ever-Glory International Group Inc | 2.450000 | 14792836 | 4.7115 | 0.4346 | 2.56 | 0.00 |
| PRPH | ProPhase Labs Inc | 2.210000 | 16166796 | 2.6000 | 0.7663 | 2.31 | 2.31 |
| GIGM | GigaMedia Ltd | 3.110000 | 11052235 | None | 0.5711 | 6.01 | 5.77 |
| JASN | Jason Industries Inc | 1.300000 | 25966381 | None | None | 2.12 | -13.97 |
| OREX | Orexigen Therapeutics Inc | 2.090000 | 15430966 | None | None | 2.38 | -8.74 |
| TNXP | Tonix Pharmaceuticals Holding Corp | 4.100000 | 7508661 | None | 0.9063 | 4.58 | 0.24 |
| CBIO | Catalyst Biosciences Inc | 5.100000 | 4310561 | None | 0.7244 | 7.51 | 6.18 |
| VLRX | Valeritas Holdings Inc | 3.122100 | 6842978 | 3.5532 | 1.1299 | 6.18 | 1.20 |
| ABAC | Aoxin Tianli Group Inc | 2.170000 | 7983745 | None | 0.2008 | 7.25 | 6.99 |
| GLBR | Global Brokerage Inc | 1.650000 | 6143305 | 0.8636 | None | 77.62 | 50.74 |
| TEAR | TearLab Corp | 1.340000 | 5742453 | None | None | 1.78 | -2.98 |
| KBSF | KBS Fashion Group Ltd | 2.680000 | 1772016 | None | 0.0577 | 13.49 | 12.01 |
| KONE | Kingtone Wirelessinfo Solution Holding Ltd | 3.130100 | 1405000 | 15.6505 | 0.2398 | 4.00 | 10.61 |
| ROSG | Rosetta Genomics Ltd | 1.290000 | 2639375 | None | 0.7708 | 2.34 | 0.90 |
| ORIG | Ocean Rig UDW Inc | 24.900000 | 9001 | None | 0.0014 | 104613.15 | -317620.38 |
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.
CXDC:NAS China XD Plastics
http://www.chinaxd.net
China XD Plastics has 1960 employees and is headquartered in China.
China XD Plastics company Ltd manufactures plastics for automobiles. Its product includes automobile exteriors, for car interiors and other components.
VSAR:NAS Versartis
http://www.versartis.com
Versartis has 71 employees and is headquartered in United States.
Versartis Inc is an endocrine-focused biopharmaceutical company initially developing long-acting recombinant human growth hormone for the treatment of growth hormone deficiency.
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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.