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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|
|MLNK||ModusLink Global Solutions Inc||1.680000||55554589||None||1.3540||2.02||0.96|
|CXRX||Concordia International Corp||1.530000||51089782||None||None||6.58||-62.94|
|GURE||Gulf Resources Inc||1.580000||46793791||1.9506||0.2056||3.69||3.64|
|VLRX||Valeritas Holdings Inc||6.781600||6842978||4.8096||1.5836||7.48||2.64|
|OREX||Orexigen Therapeutics Inc||2.960000||15227802||None||0.8756||5.03||-6.60|
|APWC||Asia Pacific Wire & Cable Corp Ltd||3.019500||13819669||14.3786||0.3069||3.49||1.44|
|EVK||Ever-Glory International Group Inc||2.650000||14792836||4.8182||0.4647||4.06||1.89|
|JRJC||China Finance Online Co Ltd||1.590000||23619603||2.8118||0.4951||1.87||1.54|
|PRPH||ProPhase Labs Inc||2.090000||16159796||2.4302||0.6665||2.65||2.65|
|JASN||Jason Industries Inc||1.270000||25918051||None||None||1.60||-14.85|
|ZAIS||ZAIS Group Holdings Inc||2.160000||14680782||None||0.7743||3.05||-23.63|
|CATB||Catabasis Pharmaceuticals Inc||1.330000||22470062||None||1.2476||1.41||1.20|
|PRTO||Proteon Therapeutics Inc||1.550000||17574371||None||0.8254||1.94||3.92|
|ATEC||Alphatec Holdings Inc||1.870000||10857733||None||None||2.35||-1.58|
|ABAC||Aoxin Tianli Group Inc||2.170000||7983745||14.6667||0.2043||7.08||6.75|
|ANTH||Anthera Pharmaceuticals Inc||1.550000||10079798||None||6.5481||2.05||0.26|
|GLBR||Global Brokerage Inc||2.050000||6143305||0.9318||None||85.35||58.77|
|CREG||China Recycling Energy Corp||1.310000||8310198||5.0385||0.0536||5.66||-0.20|
|ROSG||Rosetta Genomics Ltd||2.190000||2588086||None||1.2832||2.38||0.91|
|KBSF||KBS Fashion Group Ltd||3.080000||1772016||None||0.0663||13.49||12.01|
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.
CXRX:NAS Concordia International
Concordia International has 516 employees and is headquartered in Canada.
Concordia International Corp is a specialty pharmaceutical company which owns a diversified portfolio of branded and generic prescription products. It focuses on generic and legacy pharmaceutical products.
VLRX:NAS Valeritas Holdings
Valeritas Holdings has 82 employees and is headquartered in United States.
Valeritas Holdings Inc is a medical technology company. It develops medical devices for Type 2 diabetes patients. Its products include V-Go, h-Patch, and Mini-Ject.
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