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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.
DRYS:NAS DryShips
http://www.dryships.com
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
http://www.gulfresourcesinc.com
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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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.