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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|
|CXDC||China XD Plastics Co Ltd||4.600000||49511541||3.1944||0.3843||5.65||-11.27|
|GURE||Gulf Resources Inc||1.950000||46796848||2.3780||0.2397||3.77||3.72|
|MLNK||ModusLink Global Solutions Inc||1.600000||55554589||None||1.2895||2.02||0.96|
|SRRA||Sierra Oncology Inc||1.580000||52268443||None||0.7353||2.23||0.46|
|UTSI||UTStarcom Holdings Corp||2.180000||36460201||None||0.8393||2.23||8.49|
|CXRX||Concordia International Corp||1.310000||51143978||None||None||5.90||-63.98|
|WLB||Westmoreland Coal Co||2.220000||18742143||None||None||3.07||-54.31|
|APWC||Asia Pacific Wire & Cable Corp Ltd||2.950000||13819669||14.0476||0.2999||3.49||1.44|
|PRPH||ProPhase Labs Inc||2.220000||16166796||2.6118||0.7697||2.31||2.31|
|OREX||Orexigen Therapeutics Inc||2.300000||15430966||None||None||2.38||-8.74|
|EVK||Ever-Glory International Group Inc||2.290000||14792836||4.4038||0.4062||2.56||0.00|
|TNXP||Tonix Pharmaceuticals Holding Corp||3.860000||7508661||None||0.8532||4.58||0.24|
|ZAIS||ZAIS Group Holdings Inc||1.880000||14680782||None||0.6834||2.07||-24.12|
|VLRX||Valeritas Holdings Inc||3.510000||6842978||3.5532||1.2702||6.18||1.20|
|ABAC||Aoxin Tianli Group Inc||2.120000||7983745||None||0.1961||7.25||6.99|
|SAEX||SAExploration Holdings Inc||1.670000||9424534||None||0.6404||2.15||-10.52|
|CBIO||Catalyst Biosciences Inc||3.320000||4310561||None||0.4716||7.51||6.18|
|KONE||Kingtone Wirelessinfo Solution Holding Ltd||3.370000||1405000||16.8500||0.2582||4.00||10.61|
|ROSG||Rosetta Genomics Ltd||1.650000||2639375||None||0.9860||2.34||0.90|
|KBSF||KBS Fashion Group Ltd||1.920000||1772016||None||0.0413||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.
MLNK:NAS ModusLink Global Solns
ModusLink Global Solns has 2200 employees and is headquartered in United States.
ModusLink Global Solutions Inc provides supply chain management and marketing distribution services. The company develops and offers products and services to companies that are focused on e-commerce.
SRRA:NAS Sierra Oncology
Sierra Oncology has 53 employees and is headquartered in Canada.
Sierra Oncology Inc is a clinical-stage drug development company engaged in next generation DNA Damage Response (DDR) therapeutics for the treatment of patients with cancer.
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