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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||1.430000||406490101||None||0.3733||1.60||0.26|
|CF||Canaccord Genuity Group Inc||4.790000||91780305||None||0.8295||5.12||4.30|
|GMP||GMP Capital Inc||3.440000||78171000||None||1.2013||6.71||6.00|
|S||Sherritt International Corp||0.910000||294174923||None||0.2438||0.91||-6.66|
|TRZ||Transat A.T. Inc||5.300000||36911719||None||0.4602||12.32||13.96|
|CXR||Concordia International Corp||1.800000||51089556||None||0.3222||7.79||-61.61|
|ZAR||Zargon Oil & Gas Ltd||0.690000||30670000||None||0.6162||0.78||-1.07|
|NKO||Niko Resources Ltd||0.085000||94049967||0.0187||None||0.17||-2.23|
|NPS||Northern Power Systems Corp||0.200000||23613884||None||None||0.23||0.16|
|CZQ||Continental Precious Minerals Inc||0.300000||11706896||None||0.6001||0.48||None|
|GII.UN.DL||Global Diversified Investment Grade Income Trust II||0.210000||9778651||10.5000||0.7582||0.26||None|
|PNC.A||Postmedia Network Canada Corp||0.610000||1874639||None||None||13.41||-169.74|
|PNC.B||Postmedia Network Canada Corp||0.600000||1874639||None||None||13.41||-169.74|
|LRT.UN||Lanesborough Real Estate Investment Trust||0.005000||20557320||None||None||0.03||-11.70|
|STP.DL||Southern Pacific Resources Corp||0.005000||397959000||None||None||0.07||-1.38|
|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|
|MNT||Royal Canadian Mint||18.400000||4000||None||None||23651.75||11260.75|
|MNS||Royal Canadian Mint||14.600000||4000||None||None||23651.75||11260.75|
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.
CF:TSE Canaccord Genuity Group
Canaccord Genuity Group has 1795 employees and is headquartered in Canada.
Canaccord Genuity Group Inc through its subsidiaries offers financial services. It operates in two segments of the securities industry: wealth management and capital markets.
S:TSE Sherritt International
Sherritt International has 6499 employees and is headquartered in Canada.
Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and Madagascar.
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