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 6.110000 92779817 22.6296 1.0138 7.31 6.34
GMP GMP Capital Inc 3.020000 81491653 None 1.0710 6.72 5.86
CXR Concordia International Corp 1.980000 51089782 None None 6.58 -62.94
SCC Sears Canada Inc 0.620000 101877662 None 0.7935 1.32 -0.07
AEU.UN.DL ACTIVEnergy Income Fund 4.230000 9555252 3.7105 0.8011 4.31 0.65
TRZ Transat A.T. Inc 6.050000 36969720 None 0.5200 15.32 13.94
TLB TearLab Corp 2.170000 5735732 None None 2.27 -2.42
EPI ESSA Pharma Inc 0.395000 29096889 None 35.2847 0.43 0.17
NKO Niko Resources Ltd 0.060000 94049967 0.0299 None 0.12 -2.26
NPS Northern Power Systems Corp 0.210000 23613884 None None 0.28 0.20
PNC.A Postmedia Network Canada Corp 0.610000 1874639 None None 8.57 -177.67
PNC.B Postmedia Network Canada Corp 0.640000 1874639 None None 8.57 -177.67
LRT.UN Lanesborough Real Estate Investment Trust 0.035000 20557320 0.4430 None 0.05 -11.82
MNT Royal Canadian Mint 16.690000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 12.330000 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 specialty pharmaceutical company which owns a diversified portfolio of branded and generic prescription products. It focuses on generic and legacy pharmaceutical products.

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