Athabasca Oil (ATH:TSE) and GMP Capital (GMP: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
ATH Athabasca Oil Corp 1.410000 406490101 None 0.3681 1.60 0.26
GMP GMP Capital Inc 3.570000 78171000 None 1.2467 6.71 6.00
S Sherritt International Corp 0.890000 294174923 None 0.2385 0.91 -6.66
TRZ Transat A.T. Inc 5.210000 36911719 None 0.4524 12.32 13.96
CXR Concordia International Corp 2.130000 51089556 None 0.3222 7.79 -61.61
ZAR Zargon Oil & Gas Ltd 0.670000 30670000 None 0.5984 0.78 -1.07
MM Mood Media Corp 0.065000 183694082 None None 0.09 -3.28
NKO Niko Resources Ltd 0.085000 94049967 0.0188 None 0.17 -2.23
CZQ Continental Precious Minerals Inc 0.295000 11706896 None 0.6174 0.48 None
GII.UN.DL Global Diversified Investment Grade Income Trust II 0.210000 9778651 10.5000 0.7582 0.26 None
PNC.B Postmedia Network Canada Corp 0.650000 1874639 None None 7.39 -174.82
PNC.A Postmedia Network Canada Corp 0.600000 1874639 None None 7.39 -174.82
PDV Prime Dividend Corp 7.300000 1000 5.5725 0.0008 1190.37 None
MNT Royal Canadian Mint 17.960000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 14.490000 4000 None None 23651.75 11260.75
CSF.DL Cash Store Financial Services Inc 0.135000 17571813 None None 0.60 -7.59
LTS.DL Lightstream Resources Ltd 0.115000 198992000 None None 0.20 -1.60
STP.DL 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.

ATH:TSE Athabasca Oil
Athabasca Oil has 153 employees and is headquartered in Canada.
Athabasca Oil Corp is an exploration and production company developing thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada.

GMP Capital has 316 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.

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