Unisys (UIS:NYS) and Hovnanian Enterprises (HOV: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
ENIA Enel Americas SA 11.410000 1149052830 45.7459 1.9868 1566.95 -906.17
UIS Unisys Corp 11.250000 50473301 None None 11.86 -0.87
XIN Xinyuan Real Estate Co Ltd 6.110000 64983022 9.8708 0.4181 12.41 -26.20
HOV Hovnanian Enterprises Inc 2.270000 147592917 None None 3.18 -8.73
SDLP Seadrill Partners LLC 3.210000 91821600 1.3600 0.2294 9.21 -27.82
KODK Eastman Kodak Co 5.250000 42571360 None None 8.03 -1.60
LEJU Leju Holdings Ltd 1.470000 135763962 None 0.7155 1.54 None
AOI Alliance One International Inc 21.700000 9008725 3.4499 0.7252 23.25 -138.27
BPI Bridgepoint Education Inc 6.520000 27157986 20.3750 1.3784 6.82 4.08
OSG Overseas Shipholding Group Inc 1.970000 75043166 2.4321 0.5702 2.66 -3.89
SDRL Seadrill Ltd 0.264000 504444280 None 0.0141 2.67 -15.82
PKD Parker Drilling Co 0.907200 138908085 None 0.4263 1.02 -3.14
HOS Hornbeck Offshore Services Inc 3.290000 37147663 4.5068 0.0850 5.03 -24.07
RUBI The Rubicon Project Inc 1.700000 49791391 None 0.4595 2.00 1.60
UTI Universal Technical Institute Inc 2.630000 25009726 None 0.4088 3.46 1.74
GSL Global Ship Lease Inc 1.150000 54981565 None 0.1799 1.19 -5.99
CGA China Green Agriculture Inc 1.400000 38551265 2.1212 0.1288 3.77 3.42
MN Manning & Napier Inc 3.400000 15040347 6.9388 0.3138 6.87 5.40
WMLP Westmoreland Resource Partners LP 2.700000 1284840 None None 17.39 -234.02

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.

UIS:NYS Unisys

Unisys has 21000 employees and is headquartered in United States.
Unisys Corp provides IT (Information Technology) outsourcing solutions and technology products to clients primarily in the government, financial services, and transportation sectors.

HOV:NYS Hovnanian Enterprises

Hovnanian Enterprises has 1905 employees and is headquartered in United States.
Hovnanian Enterprises Inc is an American construction company. It designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments.

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