Fly Leasing (FLY:NYS) and Xinyuan Real Estate (XIN:NYS) 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 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
INFY Infosys Ltd 15.710000 2285679962 16.4870 3.3639 101.14 1.98
ENIA Enel Americas SA 10.290000 1149052830 42.5646 1.8992 1566.95 -906.17
FLY Fly Leasing Ltd 14.070000 32156916 None 0.7555 16.70 -60.00
I Intelsat SA 3.420000 119000000 0.4307 None 5.23 -114.17
XIN Xinyuan Real Estate Co Ltd 5.390000 65713370 5.0849 0.3934 8.80 -23.35
SDLP Seadrill Partners LLC 3.040000 91821600 0.9251 0.2248 9.39 -29.52
SDRL Seadrill Ltd 0.383000 504444280 None 0.0202 2.90 -16.21
LEJU Leju Holdings Ltd 1.430000 135763962 None 0.5070 1.62 None
AOI Alliance One International Inc 15.100000 8962891 2.8984 0.6650 52.79 -106.64
HOS Hornbeck Offshore Services Inc 2.780000 36767467 None 0.0740 5.69 -23.88
CGG CGG 4.490000 22133149 0.1106 0.1023 17.67 -112.56
UTI Universal Technical Institute Inc 3.570000 24745003 None 0.6693 3.60 1.83
CIE Cobalt International Energy Inc 2.530000 29887467 None None 3.96 -79.42
MN Manning & Napier Inc 4.050000 15054279 6.8644 0.3766 6.68 5.39
NADL North Atlantic Drilling Ltd 1.690000 24114232 None 0.1239 1.78 -90.69
CGA China Green Agriculture Inc 1.230000 38551265 1.8088 0.1250 3.07 2.70
TDW Tidewater Inc 0.960000 47068450 None 0.0277 15.01 -28.21
IO ION Geophysical Corp 3.700000 11871647 None 1.4205 4.18 -9.07
PACD Pacific Drilling SA 1.540000 21284000 None 0.0128 23.44 -118.25
WMLP Westmoreland Resource Partners LP 2.340000 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.

FLY:NYS Fly Leasing
Fly Leasing has None employees and is headquartered in Ireland.
Fly Leasing Ltd is principally engaged in purchasing commercial aircraft which are leased under multi-year contracts to a diverse group of airlines across the world.

XIN:NYS Xinyuan Real Estate
Xinyuan Real Estate has 3584 employees and is headquartered in China.
Xinyuan Real Estate Co Ltd is a real estate developer and property manager. The Company develops residential properties in China.

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