Seadrill (SDRL.DL:NYS) and Corporacion America (CAAP: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
SDRL.DL Seadrill Ltd 27.316550 1883594 None 1.4226 714.06 -4235.52
CAAP Corporacion America Airports SA 9.190000 160022262 25.5629 2.2291 19.44 -53.67
FLY Fly Leasing Ltd 13.680000 27983452 50.6667 0.6891 13.73 -80.44
SDLP Seadrill Partners LLC 3.350000 91821600 3.7896 0.2379 9.36 -26.69
XIN Xinyuan Real Estate Co Ltd 4.210000 64789338 9.7907 0.4012 16.46 -39.09
HOV Hovnanian Enterprises Inc 1.550000 148113497 None None 1.71 -9.55
SN Sanchez Energy Corp 2.420000 87797690 None None 4.99 -22.22
PIR Pier 1 Imports Inc 1.800000 85674803 16.5714 0.6006 1.83 -0.50
AOI Alliance One International Inc 16.700000 9044104 1.7842 0.5697 22.35 -142.52
KODK Eastman Kodak Co 2.950000 42671808 2.9798 10.4902 6.44 -2.95
NM Navios Maritime Holdings Inc 0.815000 124709280 None 0.2133 0.96 -12.44
GSL Global Ship Lease Inc 1.170000 55015690 None 0.2474 1.27 -5.84
CGA China Green Agriculture Inc 1.110000 38896945 1.7344 0.0975 3.95 3.71
MN Manning & Napier Inc 2.650000 15333041 20.3846 0.2541 5.03 5.30
JONE Jones Energy Inc 0.379900 102864864 None 0.0968 1.44 -8.08
PKD Parker Drilling Co 3.110000 9317754 None 0.1201 12.28 -49.84
WMLP Westmoreland Resource Partners LP 1.820000 1284840 None None 21.97 -231.98

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.DL: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.

CAAP:NYS Corporacion America
Corporacion America has 6102 employees and is headquartered in Luxembourg.
Corporacion America Airports SA acquires, develops and operates airport concessions. The company is the largest private sector airport concession operator in the world based on the number of airports under management.

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