American Lorain (ALN:ASE) and ImmunoCellular (IMUC:ASE) 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 AMEX

Today’s data is for companies listed on the American Stock Exchange.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
LEU Centrus Energy Corp 5.870000 9000000 None None 18.98 -7.03
MSN Emerson Radio Corp 1.160000 27065852 None 0.5765 1.54 0.97
ALN American Lorain Corp 0.580000 38274490 58.0000 0.1128 0.98 -0.62
IMUC ImmunoCellular Therapeutics Ltd 2.720000 3444895 None 0.8056 4.44 None
NSPR InspireMD Inc 2.289900 1472606 None 0.5414 7.11 4.63

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.

ALN:ASE American Lorain
American Lorain has 3150 employees and is headquartered in China.
American Lorain Corp is a food manufacturing company. The Company is engaged in developing, manufacturing and selling of convenience foods, chestnut products, and frozen, canned & bulk foods.

IMUC:ASE ImmunoCellular
ImmunoCellular has 10 employees and is headquartered in United States.
ImmunoCellular Therapeutics Ltd is a clinical-stage biotechnology company that develops immune-based therapies for the treatment of cancers, such as brain, ovarian and other solid tumors.

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