DryShips (DRYS:NAS) and Gulf Resources (GURE:NAS) 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 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
XNET Xunlei Ltd 3.450000 66183450 None 0.5649 3.69 None
CEMP Cempra Inc 3.200000 52507426 None 1.1025 3.56 3.33
DRYS DryShips Inc 3.100000 31547436 None 0.2424 12.61 7.00
OPHT Ophthotech Corp 2.550000 35942879 None None 3.92 5.86
GURE Gulf Resources Inc 1.850000 46793791 2.2840 0.2407 3.69 3.64
UTSI UTStarcom Holdings Corp 2.080000 36460201 None 0.8008 2.23 8.49
WLB Westmoreland Coal Co 2.310000 18742143 None None 3.07 -54.31
JRJC China Finance Online Co Ltd 1.760000 23619603 None 0.5480 1.87 1.54
APWC Asia Pacific Wire & Cable Corp Ltd 2.900000 13819669 13.8095 0.2948 3.49 1.44
EVK Ever-Glory International Group Inc 2.350000 14792836 4.2727 0.4121 4.06 1.89
VLRX Valeritas Holdings Inc 5.010000 6842978 3.5532 1.1699 7.48 2.64
PRPH ProPhase Labs Inc 2.070000 16159796 2.4070 0.6602 2.65 2.65
ZAIS ZAIS Group Holdings Inc 2.223300 14680782 None 0.7970 3.05 -23.63
GIGM GigaMedia Ltd 2.911000 11052235 None 0.5346 6.01 5.77
TNXP Tonix Pharmaceuticals Holding Corp 3.150000 6317810 None 0.9056 3.16 0.28
ATEC Alphatec Holdings Inc 1.679900 10857733 None None 2.35 -1.58
ABAC Aoxin Tianli Group Inc 2.090000 7983745 None 0.1968 7.08 6.75
ETRM EnteroMedics Inc 2.000000 8294976 0.0357 0.4366 2.25 0.14
CBIO Catalyst Biosciences Inc 3.410000 4310561 None 0.4844 7.51 6.18
GLBR Global Brokerage Inc 1.900000 6143305 0.8636 None 85.35 58.77
TEAR TearLab Corp 2.010000 5735732 None None 2.27 -2.42
ACHV Achieve Life Sciences Inc 3.340000 2736769 None 0.6976 5.08 5.06
ROSG Rosetta Genomics Ltd 1.700000 2639375 None 1.0158 2.34 0.90
MDGS Medigus Ltd 1.910000 1992571 None 1.0404 4.23 None
KBSF KBS Fashion Group Ltd 1.760000 1772016 None 0.0379 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.


DryShips has 128 employees and is headquartered in Greece.
DryShips Inc is a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries and offshore support services to the offshore energy industry. It provides ultra-deep water drilling services.

GURE:NAS Gulf Resources

Gulf Resources has 715 employees and is headquartered in China.
Gulf Resources Inc manufactures and trades bromine and crude salt, and manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents.

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