GMP Capital (GMP:TSE) and Crescita Therapeutics (CTX: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
TRZ Transat A.T. Inc 10.990000 37086283 3.0275 0.7053 16.50 13.90
GMP GMP Capital Inc 3.810000 75471000 None 1.6693 6.59 5.74
CXR Concordia International Corp 0.910000 51282901 None None 6.66 -63.36
CTX Crescita Therapeutics Inc 0.600000 14003000 None 0.3947 0.63 0.32
NPS Northern Power Systems Corp 0.185000 23793884 None None 0.24 0.16
TLB TearLab Corp 0.500000 5742453 None None 1.34 -3.51
LRT.UN Lanesborough Real Estate Investment Trust 0.020000 20557320 None None 0.06 -11.90
MNT Royal Canadian Mint 17.440000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 12.730000 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.

GMP:TSE GMP Capital

http://www.gmpcapital.com
GMP Capital has 316 employees and is headquartered in Canada.
GMP Capital is an investment dealer located in Canada. It provides diversified financial services such as investment banking, institutional sales, trading and research services to corporate clients and institutional investors.

CTX:TSE Crescita Therapeutics

http://www.crescitatherapeutics.com
Crescita Therapeutics has 81 employees and is headquartered in Canada.
Crescita Therapeutics Inc is a commercial dermatology company with a portfolio of non-prescription skincare products and prescription drug products for the treatment and care of skin conditions and diseases and their symptoms.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.