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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 NASDAQ
Today’s data is for companies listed on the NASDAQ.
|Symbol||Name||Close Price||Shares Outstanding||P/E||P/B||Cash per Share||Net Cash per Share|
|YTRA||Yatra Online Inc||9.100000||36989000||None||7.3646||77.83||76.49|
|AMCN||AirMedia Group Inc||2.140000||62197822||None||0.4378||3.52||1.40|
|GURE||Gulf Resources Inc||1.810000||46793791||2.5500||0.2668||3.69||3.64|
|UTSI||UTStarcom Holdings Corp||2.140000||36460201||None||0.6583||2.23||8.49|
|JRJC||China Finance Online Co Ltd||2.135000||23619603||3.7529||0.7556||2.80||1.54|
|OREX||Orexigen Therapeutics Inc||3.150000||15227802||None||0.7908||5.03||-6.60|
|EVK||Ever-Glory International Group Inc||2.650000||14792836||5.1818||0.5277||4.06||1.89|
|APWC||Asia Pacific Wire & Cable Corp Ltd||2.700000||13819669||12.6082||0.2657||3.49||1.44|
|VLRX||Valeritas Holdings Inc||4.900000||6842978||3.7605||1.2382||7.48||2.64|
|PRPH||ProPhase Labs Inc||1.920000||17156776||2.3291||5.3851||2.49||2.49|
|ZAIS||ZAIS Group Holdings Inc||2.070000||14680782||None||0.9922||3.05||-23.63|
|ATEC||Alphatec Holdings Inc||2.070000||10857733||None||None||2.35||-1.58|
|ABAC||Aoxin Tianli Group Inc||2.078200||7983745||12.6818||0.2566||7.08||6.75|
|ANTH||Anthera Pharmaceuticals Inc||1.630000||10076164||None||3.8390||2.05||0.26|
|GLBR||Global Brokerage Inc||1.900000||6143305||5.3922||None||85.35||58.77|
|VISN.DL||VisionChina Media Inc||2.240000||5137098||None||0.4786||2.92||-10.13|
|KBSF||KBS Fashion Group Ltd||4.170000||1772016||None||0.1401||14.59||13.70|
|ROSG||Rosetta Genomics Ltd||1.590000||2588086||None||1.1182||2.38||0.91|
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.
Xunlei has 1223 employees and is headquartered in China.
Xunlei Ltd is an online advertising service provider. It also provides downloading services and online game platforms for game developers and users. Its products and services include Xunlei accelerator and cloud acceleration subscription services.
GURE:NAS Gulf Resources
Gulf Resources has 715 employees and is headquartered in China.
Gulf Resources Inc manufactures and trades bromine and crude salt, and manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents.
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