Seadrill (SDRL:NYS) and CGG (CGG:NYS) 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 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
INFY Infosys Ltd 14.630000 2296966972 15.6040 3.1995 100.64 1.97
ENIA Enel Americas SA 10.800000 1149052830 44.6743 1.9933 1566.95 -906.17
UIS Unisys Corp 8.800000 50469877 None None 11.32 -1.39
XIN Xinyuan Real Estate Co Ltd 5.820000 64983022 6.7674 0.4118 14.67 -26.34
SDLP Seadrill Partners LLC 3.770000 91821600 1.3648 0.2761 10.01 -28.49
KODK Eastman Kodak Co 7.150000 42489231 5.5426 None 8.71 -0.96
SDRL Seadrill Ltd 0.380000 504444280 None 0.0203 2.67 -15.82
CGG CGG 5.470000 22133149 None 0.1633 14.22 -112.82
AOI Alliance One International Inc 11.250000 8975159 None 0.5773 29.46 -133.40
MN Manning & Napier Inc 3.950000 15080347 7.3148 0.3665 6.16 5.39
CGA China Green Agriculture Inc 1.260000 38551265 1.8529 0.1281 3.07 2.70
TDW.DL Tidewater Inc (Old) 0.930000 47068450 None 0.0268 15.01 -28.21
CIE Cobalt International Energy Inc 1.270000 29887931 None None 6.41 -76.60
WMLP Westmoreland Resource Partners LP 3.170000 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.

SDRL:NYS Seadrill
Seadrill has 4780 employees and is headquartered in Bermuda.
Seadrill Ltd provides drilling and well services to the offshore industry. The company operates a variety of rigs around the world for national and international oil and gas companies.

CGG has 5766 employees and is headquartered in France.
CGG is a manufacturer of geophysical equipment. The company provides marine, land and airborne data acquisition services and other geoscience services including data imaging, seismic data characterization, and petroleum engineering consulting services.

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