Transat A.T. (TRZ:TSE) and Concordia International (CXR: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 9.330000 37436840 1.9715 0.5984 24.13 13.76
GMP GMP Capital Inc 2.530000 73914000 50.6000 1.0309 6.14 5.76
CXR Concordia International Corp 0.230000 51283800 None None 5.06 -66.11
KRN Karnalyte Resources Inc 0.340000 28116000 None 0.6011 0.36 0.89
NKO Niko Resources Ltd 0.075000 94049967 None None 0.11 -2.15
LGQ.DL Logiq Asset Management Ltd. 0.010000 327115071 None 0.4707 0.01 0.00
ARZ Aralez Pharmaceuticals Inc 0.430000 67194277 None None 0.65 -3.43
FTU US Financial 15 Split Corp 0.500000 2809191 None None 0.81 None
MNT Royal Canadian Mint 16.300000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 11.550000 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.

TRZ:TSE Transat A.T.

http://www.transat.com
Transat A.T. has 5055 employees and is headquartered in Canada.
Transat A.T. Inc company specializes in the organization, marketing and distribution of holiday travel in the tourism industry. The core of its business consists of tour operators based in Canada and Europe.

CXR:TSE Concordia International

http://www.concordiarx.com
Concordia International has 444 employees and is headquartered in Canada.
Concordia International Corp is a specialty pharmaceutical company which owns a diversified portfolio of branded and generic prescription products. It focuses on generic and legacy pharmaceutical products.

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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.