Kenon Hldgs (KEN:NYS) and Seadrill (SDRL: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
KEN Kenon Holdings Ltd 15.900000 53826749 None 0.8705 26.33 7.08
UIS Unisys Corp 12.100000 50964531 None None 12.88 0.19
XIN Xinyuan Real Estate Co Ltd 5.360000 64789338 5.5833 0.3499 13.81 -37.55
SN Sanchez Energy Corp 3.560000 85172408 11.2222 None 6.46 -21.61
SDLP Seadrill Partners LLC 3.240000 91821600 3.6652 0.2301 9.36 -26.69
HOV Hovnanian Enterprises Inc 1.870000 148113495 None None 1.88 -9.34
SDRL Seadrill Ltd 0.439300 504444280 None 0.0338 2.67 -15.82
KODK Eastman Kodak Co 5.100000 42654527 4.8113 6.7981 7.34 -2.11
AOI Alliance One International Inc 20.400000 9008725 3.2432 0.6818 23.25 -138.27
HOS Hornbeck Offshore Services Inc 3.260000 37495205 7.2444 0.0874 4.56 -24.30
NM Navios Maritime Holdings Inc 0.789000 124709280 None 0.1907 1.02 -12.47
UTI Universal Technical Institute Inc 3.100000 25185474 None 0.5154 3.27 1.57
GSL Global Ship Lease Inc 1.400000 55015690 None 0.3008 1.66 -5.61
PKD Parker Drilling Co 0.460000 139385824 None 0.2406 0.85 -3.30
JONE Jones Energy Inc 0.500000 102813564 None 0.1444 2.25 -7.50
CGA China Green Agriculture Inc 1.250000 38896945 1.9531 0.1098 3.95 3.71
MN Manning & Napier Inc 3.150000 15325688 16.5789 0.3012 4.53 5.30
WMLP Westmoreland Resource Partners LP 1.990000 1284840 None 14.8853 29.18 -223.87

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.

KEN:NYS Kenon Hldgs
Kenon Hldgs has 108 employees and is headquartered in Singapore.
Kenon Holdings Ltd, through its subsidiaries, provides electricity generation using technologies such as hydroelectric, natural gas and diesel turbines and heavy fuel oil engines, in Peru, Chile, Colombia, El Salvador, Jamaica, Nicaragua, among others.

SDRL:NYS Seadrill
Seadrill has 4328 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.

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