Automodular (AM.H:TSX) and King George Financial (KGF:TSX) 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 TSX

Today’s data is for companies listed on the TSX Venture Exchange.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
AM.H Automodular Corp 2.360000 12980027 None 0.9315 2.50 2.13
BOE GrowMax Resources Corp 0.105000 213925645 None 0.2741 0.20 0.26
KGF King George Financial Corp 0.560000 39556460 2.0741 0.6112 0.61 0.61
SLG Sterling Resources Ltd 0.140000 147186000 0.4113 0.9854 0.14 0.14
NM Northern Empire Resources Corp 0.840000 12769864 None 0.5529 0.93 0.54
LND Inspira Financial Inc 0.200000 45841454 None 0.4833 0.20 0.16
IGP Imperial Ginseng Products Ltd 1.100000 7209847 10.0000 0.3489 1.47 1.13
ECC Ethos Gold Corp 0.145000 47335381 None 0.9198 0.16 None
ACE.H ACE Aviation Holdings Inc 0.190000 32475000 None None 0.35 2.19
MBG Malbex Resources Inc 0.330000 14654730 None 0.9506 0.36 0.46
EEL Esrey Energy Ltd 0.120000 39762771 None 0.5296 0.13 0.17
BSR Bluestone Resources Inc 1.100000 4262954 None 0.0591 8.68 8.67
BSR Bluestone Resources Inc 1.100000 4262954 None 0.0591 8.68 8.67
CZQ.H Continental Precious Minerals Inc 0.300000 11706896 None 0.6104 0.49 None
SMO Sonoro Metals Corp 0.140000 24377586 2.0000 0.9120 0.14 -0.01
RRR.UN R&R Real Estate Investment Trust 0.095000 31804795 None 0.6859 0.23 0.07
IOG Ironhorse Oil & Gas Inc 0.100000 27885824 None 0.2502 0.11 0.09
SCYB Scythian Biosciences Corp 4.200000 660584 None 0.2170 18.01 0.00
BCO.H British Controlled Oilfields Ltd 0.650000 4068563 None None 0.85 None
CBV Cobra Venture Corp 0.100000 15903748 None 0.4429 0.15 -0.01
CRD.H Coronado Resources Ltd 0.235000 5662340 None 0.8687 0.25 1.17
POC Pacific Iron Ore Corp 0.150000 6737858 None 0.3671 0.17 0.13
LSC LSC Lithium Corp 1.200000 615385 None 0.0120 35.46 None
LSC LSC Lithium Corp 1.200000 615385 None 0.0120 35.46 None
WAS.H Watusi Capital Corp 0.105000 4000000 None 0.8616 0.12 None

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.

AM.H:TSX Automodular
Automodular has 525 employees and is headquartered in Canada.
Automodular Corp is engaged in sequencing and sub-assembly of modules that are installed in equipment assembled by North American Original Equipment Manufacturers at plants in Canada. Its offerings include instrument panel, power pack and rear suspension.

KGF:TSX King George Financial

King George Financial has None employees and is headquartered in Canada.
King George Financial Corp is engaged in commercial and residential real estate development and long term investments in real estate, hotel and healthcare related securities.

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