Sears Canada (SCC.DL:TSE) and ACTIVEnergy Income Fund (AEU.UN.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
GMP GMP Capital Inc 2.170000 76582000 None 0.9398 6.75 5.78
CXR Concordia International Corp 1.590000 51143978 None None 5.90 -63.98
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 7.980000 36969720 None 0.6859 15.32 13.94
NPS Northern Power Systems Corp 0.230000 23733884 None None 0.27 0.19
NKO Niko Resources Ltd 0.055000 94049967 0.0273 None 0.12 -2.26
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
DEN Dundee Energy Ltd 0.005000 188083836 None 0.0295 0.01 -0.29
LRT.UN Lanesborough Real Estate Investment Trust 0.030000 20557320 0.3797 None 0.05 -11.82
MNT Royal Canadian Mint 17.320000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 13.000000 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.

SCC.DL:TSE Sears Canada

http://www.sears.ca
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.

AEU.UN.DL:TSE ACTIVEnergy Income Fund

http://www.middlefield.com
ACTIVEnergy Income Fund has None employees and is headquartered in Canada.
ACTIVEnergy Income Fund is a closed-end investment trust. Its invests in a diversified portfolio of energy companies with an emphasis on oil and gas securities as well as common shares of Canadian and U.S. based issuers operating in the energy sector.

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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.