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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 NYSE
Today’s data is for companies listed on the New York Stock Exchange.
|Symbol||Name||Close Price||Shares Outstanding||P/E||P/B||Cash per Share||Net Cash per Share|
|ENIA||Enel Americas SA||9.990000||1149052830||26.4111||1.8438||1566.95||-906.17|
|GXP||Great Plains Energy Inc||30.350000||215650054||22.8195||1.2462||30.38||-9.66|
|FLY||Fly Leasing Ltd||13.660000||32156916||None||0.7334||16.70||-60.00|
|XIN||Xinyuan Real Estate Co Ltd||5.520000||65713370||5.2075||0.4029||8.80||-23.35|
|SDLP||Seadrill Partners LLC||3.230000||91821600||0.9829||0.2388||9.39||-29.52|
|BBG||Bill Barrett Corporation||3.070000||76295908||None||0.4188||3.48||-5.85|
|AOI||Alliance One International Inc||16.700000||8962891||2.8984||0.7355||52.79||-106.64|
|HOS||Hornbeck Offshore Services Inc||2.500000||36767467||None||0.0665||5.69||-23.88|
|UTI||Universal Technical Institute Inc||3.530000||24745003||None||0.6618||3.60||1.83|
|CIE||Cobalt International Energy Inc||2.290000||29887467||None||None||3.96||-79.42|
|MN||Manning & Napier Inc||4.250000||15054279||7.2034||0.3952||6.68||5.39|
|NADL||North Atlantic Drilling Ltd||1.580000||24114232||None||0.1158||1.78||-90.69|
|CGA||China Green Agriculture Inc||1.250000||38551265||1.8382||0.1271||3.07||2.70|
|IO||ION Geophysical Corp||3.650000||11871647||None||1.4013||4.18||-9.07|
|PACD||Pacific Drilling SA||1.410000||21284000||None||0.0117||23.44||-118.25|
|WMLP||Westmoreland Resource Partners LP||2.755000||1284840||None||None||15.75||-232.96|
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.
GXP:NYS Great Plains Energy
Great Plains Energy has 2865 employees and is headquartered in United States.
Great Plains Energy Inc is a public utility holding company of Kansas City Power & Light and Missouri Operations Company which provides electric service in the Kansas City area and nearby western Missouri and eastern Kansas.
BBG:NYS Bill Barrett
Bill Barrett has 111 employees and is headquartered in United States.
Bill Barrett Corporation is an oil and natural gas company. Its operations include the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids.
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