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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 NYSE
Today’s data is for companies listed on the New York Stock Exchange.
|Symbol||Name||Close Price||Shares Outstanding||P/E||P/B||Cash per Share||Net Cash per Share|
|ENIA||Enel Americas SA||10.410000||1149052830||43.0610||1.9213||1566.95||-906.17|
|XIN||Xinyuan Real Estate Co Ltd||5.260000||65713370||6.4152||0.3764||14.54||-26.02|
|KODK||Eastman Kodak Co||7.300000||42489231||5.6589||None||8.71||-0.96|
|SDLP||Seadrill Partners LLC||3.260000||91821600||1.1802||0.2388||10.01||-28.49|
|HOV||Hovnanian Enterprises Inc||1.730000||147592917||17.4000||None||1.89||-9.87|
|OSG||Overseas Shipholding Group Inc||2.370000||75034126||10.7727||0.6728||2.73||-4.05|
|HOS||Hornbeck Offshore Services Inc||3.050000||37028306||None||0.0830||3.37||-23.99|
|AOI||Alliance One International Inc||10.000000||8975159||2.8984||0.5131||29.46||-133.40|
|MN||Manning & Napier Inc||3.550000||15080347||6.5741||0.3294||6.16||5.39|
|CIE||Cobalt International Energy Inc||1.740000||29887931||None||None||6.41||-76.60|
|CGA||China Green Agriculture Inc||1.230000||38551265||1.8088||0.1250||3.07||2.70|
|TDW.DL||Tidewater Inc (Old)||0.930000||47068450||None||0.0268||15.01||-28.21|
|PACD||Pacific Drilling SA||0.410100||21325000||None||0.0036||19.09||-122.26|
|WMLP||Westmoreland Resource Partners LP||2.930000||1284840||None||None||17.98||-232.17|
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.
Infosys has 200364 employees and is headquartered in India.
Infosys Ltd is engaged in consulting, technology, outsourcing and next-generation services. It offers software re-engineering, maintenance, systems integration, package evaluation and implementation and infrastructure management services.
ENIA:NYS Enel Americas
Enel Americas has 10324 employees and is headquartered in Chile.
Enel Americas SA, generates, transmits and distributes electric energy in Chile, Argentina, Brazil, Colombia and Peru.
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