GMP Capital (GMP:TSE) and Transat A.T. (TRZ:TSE) Trading at Less than Cash Value

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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
GMP GMP Capital Inc 4.390000 89868671 None 1.7763 4.71 3.99
TRZ Transat A.T. Inc 5.100000 36859165 None 0.4048 9.87 13.98
LTS Lightstream Resources Ltd 0.115000 198992000 None None 0.20 -1.60
ZAR Zargon Oil & Gas Ltd 0.700000 30607000 None 0.4132 0.90 -1.92
RMX Rubicon Minerals Corp 0.045000 394928246 None None 0.06 -0.15
CZQ Continental Precious Minerals Inc 0.275000 11706896 None 0.5699 0.48 None
GII.UN Global Diversified Investment Grade Income Trust II 0.210000 9778651 10.5000 0.7582 0.26 None
LRT.UN Lanesborough Real Estate Investment Trust 0.055000 20557320 None 0.1848 0.06 -11.73
PNC.B Postmedia Network Canada Corp 0.600000 1874639 None None 9.14 -339.27
PNC.A Postmedia Network Canada Corp 0.530000 1874639 None None 9.14 -339.27
MNT Royal Canadian Mint 16.050000 4000 0.0017 0.0002 23651.75 11260.75
MNS Royal Canadian Mint 12.850000 4000 0.0013 0.0002 23651.75 11260.75
CSF Cash Store Financial Services Inc 0.135000 17571813 None None 0.60 -7.59
STP Southern Pacific Resources Corp 0.005000 397959000 None None 0.07 -1.38

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.

GMP Capital has 313 employees and is headquartered in Canada.
GMP Capital Inc is a Canadian independent investment dealer serving corporate, institutional and individual clients. The Company’s integrated business segments include: Capital Markets and Wealth Management.

TRZ:TSE Transat A.T.
Transat A.T. has 5000 employees and is headquartered in Canada.
Transat A.T. Inc is an integrated international tour operator in the Americas. It conducts its activities in the holiday travel industry and markets its products in the Americas and Europe.

Free Valuation

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