Canaccord Genuity Group (CF:TSE) and Equity Financial Holdings (EQI: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
CF Canaccord Genuity Group Inc 4.430000 113511468 24.6111 0.9378 4.60 4.03
GMP GMP Capital Inc 2.550000 76582000 None 1.1044 6.75 5.78
CXR Concordia International Corp 1.620000 51143978 None None 5.90 -63.98
EQI Equity Financial Holdings Inc 7.100000 9543508 15.4348 0.6861 8.95 -0.35
SCC.DL Sears Canada Inc 0.620000 101877662 None 0.7935 1.32 -0.07
TRZ Transat A.T. Inc 9.290000 37014835 None 0.8008 15.30 13.92
TLB TearLab Corp 1.720000 5742453 None None 1.78 -2.98
NPS Northern Power Systems Corp 0.220000 23733884 None None 0.27 0.19
PNC.A Postmedia Network Canada Corp 0.610000 1874639 None None 8.57 -177.67
PNC.B Postmedia Network Canada Corp 0.500000 1874639 None None 8.57 -177.67
DEN.DL Dundee Energy Ltd 0.005000 188083836 None 0.0295 0.01 -0.29
LRT.UN Lanesborough Real Estate Investment Trust 0.025000 20557320 0.3797 None 0.05 -11.95
MNT Royal Canadian Mint 17.230000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 13.100000 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.

CF:TSE Canaccord Genuity Group
Canaccord Genuity Group has 1711 employees and is headquartered in Canada.
Canaccord Genuity Group Inc is a Canada-based financial services company. It operates in two segments of the securities industry: wealth management and capital markets.

EQI:TSE Equity Financial Holdings
Equity Financial Holdings has 75 employees and is headquartered in Canada.
Equity Financial Holdings Inc provides financial services. The Company through its subsidiary serves the Canadian alternative mortgage market by offering residential mortgage loans to non-prime and near-prime customers.

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