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||4.150000||89868671||None||1.6792||4.71||3.99|
|TRZ||Transat A.T. Inc||5.230000||36859165||None||0.4151||9.87||13.98|
|CXR||Concordia International Corp||2.420000||51017004||None||0.3130||3.19||-60.38|
|ZAR||Zargon Oil & Gas Ltd||0.780000||30663000||None||0.4612||0.90||-1.91|
|LTS||Lightstream Resources Ltd||0.115000||198992000||None||None||0.20||-1.60|
|MM||Mood Media Corp||0.070000||183694082||None||None||0.12||-3.26|
|NKO||Niko Resources Ltd||0.105000||94049614||0.0279||None||0.26||-2.18|
|RMX||Rubicon Minerals Corp||2.020000||2437497||None||None||2.80||-29.28|
|CZQ||Continental Precious Minerals Inc||0.310000||11706896||None||0.6488||0.48||None|
|GII.UN||Global Diversified Investment Grade Income Trust II||0.210000||9778651||10.5000||0.7582||0.26||None|
|PNC.A||Postmedia Network Canada Corp||0.900000||1874639||None||None||7.39||-174.82|
|PNC.B||Postmedia Network Canada Corp||0.700000||1874639||None||None||7.39||-174.82|
|MNT||Royal Canadian Mint||16.870000||4000||0.0017||None||23651.75||11260.75|
|MNS||Royal Canadian Mint||13.790000||4000||0.0013||None||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:TSE GMP Capital
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.
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