Canaccord Genuity Group (CF:TSE) and Sherritt International (S: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 1.430000 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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