GMP Capital (GMP:TSE) and Concordia International (CXR: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
CF Canaccord Genuity Group Inc 4.680000 92779817 17.8148 0.7981 7.31 6.34
GMP GMP Capital Inc 3.380000 81491653 None 1.1703 6.72 5.86
S Sherritt International Corp 0.820000 294290200 None 0.2335 0.82 -6.64
SCC Sears Canada Inc 1.200000 101877662 None 0.5502 1.32 1.12
CXR Concordia International Corp 1.610000 51089782 None 0.3222 6.58 -62.94
AEU.UN ACTIVEnergy Income Fund 4.230000 9555252 3.7105 0.8011 4.31 0.65
TRZ Transat A.T. Inc 5.900000 36911719 None 0.5088 12.32 13.96
TXP Touchstone Exploration Inc 0.145000 83137143 None 0.3496 0.16 -0.02
NKO Niko Resources Ltd 0.070000 94049967 0.0153 None 0.17 -2.23
NPS Northern Power Systems Corp 0.210000 23613884 None None 0.28 0.20
CZQ Continental Precious Minerals Inc 0.275000 11706896 None 0.5501 0.48 None
PNC.A Postmedia Network Canada Corp 0.610000 1874639 None None 13.41 -169.74
PNC.B Postmedia Network Canada Corp 0.510000 1874639 None None 13.41 -169.74
LRT.UN Lanesborough Real Estate Investment Trust 0.030000 20557320 0.3797 None 0.05 -11.82
MNT Royal Canadian Mint 18.240000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 14.140000 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.

GMP Capital has 316 employees and is headquartered in Canada.
GMP Capital is an investment dealer located in Canada. It provides diversified financial services such as investment banking, institutional sales, trading and research services to corporate clients and institutional investors.

CXR:TSE Concordia International
Concordia International has 516 employees and is headquartered in Canada.
Concordia International Corp is a diverse, international pharmaceutical company focused on legacy pharmaceutical products and orphan drugs. It has three business segments: Concordia North America, Orphan Drug Division and the Concordia International.

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