Seadrill (SDRL.DL:NYS) and Seadrill Partners (SDLP: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 8.590000 160022262 71.4333 2.0835 19.44 -53.67
SDLP Seadrill Partners LLC 3.420000 91821600 1.5923 0.2222 9.36 -26.69
XIN Xinyuan Real Estate Co Ltd 4.470000 64789338 10.3953 0.4260 16.46 -39.09
SN Sanchez Energy Corp 2.880000 87797690 None None 4.99 -22.22
HOV Hovnanian Enterprises Inc 1.570000 148113497 None None 1.71 -9.55
AOI Alliance One International Inc 18.800000 9044104 2.0085 0.6413 22.35 -142.52
KODK Eastman Kodak Co 3.000000 42671808 3.0303 10.6680 6.44 -2.95
RENN Renren Inc 1.800000 68795860 None 0.1835 1.87 -0.48
NM Navios Maritime Holdings Inc 0.855300 124709280 None 0.2239 0.96 -12.44
GSL Global Ship Lease Inc 1.190000 55015690 None 0.2517 1.27 -5.84
CGA China Green Agriculture Inc 1.070000 38896945 1.6719 0.0940 3.95 3.71
MN Manning & Napier Inc 2.700000 15333041 20.7692 0.2589 5.03 5.30
PKD Parker Drilling Co 4.030000 9317754 None 0.1557 12.28 -49.84
JONE Jones Energy Inc 0.322000 102864864 None 0.0820 1.44 -8.08
WMLP Westmoreland Resource Partners LP 1.930000 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.

SDLP:NYS Seadrill Partners
Seadrill Partners has 1199 employees and is headquartered in United Kingdom.
Seadrill Partners LLC is engaged in owing, operating and acquiring offshore drilling units. Its drilling rigs are under long-term contracts with oil companies such as Chevron, Total, BP and ExxonMobil.

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