Canaccord Genuity Group (CF:TSE) and Sears Canada (SCC.DL: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 5.210000 113511468 19.2963 1.0577 5.97 5.18
GMP GMP Capital Inc 2.310000 81491653 None 1.0646 6.34 5.43
CXR Concordia International Corp 1.780000 51089782 None None 6.58 -62.94
SCC.DL 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 7.690000 36969720 None 0.6610 15.32 13.94
EPI ESSA Pharma Inc 0.430000 29096889 None 35.2847 0.43 0.17
NKO Niko Resources Ltd 0.060000 94049967 0.0300 None 0.12 -2.26
NPS Northern Power Systems Corp 0.220000 23613884 None None 0.28 0.20
PNC.B Postmedia Network Canada Corp 0.640000 1874639 None None 8.57 -177.67
PNC.A Postmedia Network Canada Corp 0.610000 1874639 None None 8.57 -177.67
LRT.UN Lanesborough Real Estate Investment Trust 0.030000 20557320 0.3797 None 0.05 -11.82
MNT Royal Canadian Mint 17.300000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 12.800000 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.

CF:TSE Canaccord Genuity Group
Canaccord Genuity Group has 1711 employees and is headquartered in Canada.
Canaccord Genuity Group Inc is a Canada-based financial services company. It operates in two segments of the securities industry: wealth management and capital markets.

SCC.DL:TSE Sears Canada
Sears Canada has 29128 employees and is headquartered in Canada.
Sears Canada Inc is a multi-format retailer. It is engaged in merchandising and sells goods and services through the Company’s Retail channels, which includes its Full-line, Sears Home, Hometown Dealer, Outlet and Corbeil stores, and its Direct channel.

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