Hovnanian Enterprises (HOV:NYS) and HC2 Holdings (HCHC: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
TROX Tronox Ltd 7.760000 122933845 None 1.3493 8.76 -16.98
FPH Five Point Holdings LLC 7.990000 66527880 26.6333 0.8897 8.94 0.57
XIN Xinyuan Real Estate Co Ltd 4.070000 64423309 40.7000 0.4122 15.54 -48.07
DBD Diebold Nixdorf Inc 2.710000 76124266 None 1.4789 4.00 -27.39
SDLP Seadrill Partners LLC 2.240000 91821600 1.4513 0.1473 9.60 -24.02
HOV Hovnanian Enterprises Inc 1.010000 148385821 None None 1.50 -9.64
HCHC HC2 Holdings Inc 3.300000 44774936 1.0410 0.8006 18.57 2.89
KODK Eastman Kodak Co 3.000000 42726652 1.2048 7.1211 5.57 -3.81
BRS Bristow Group Inc 3.380000 35798185 None 0.1250 8.60 -31.90
PIR Pier 1 Imports Inc 1.170000 85215294 None 0.4813 1.37 -0.97
HOS Hornbeck Offshore Services Inc 2.440000 37595348 12.5000 0.0690 2.87 -25.96
MFCB MFC Bancorp Ltd 5.024500 12534801 None 0.3027 5.97 1.23
GSL Global Ship Lease Inc 0.731280 79060690 None 0.2190 1.20 -3.86
CLD Cloud Peak Energy Inc 0.720000 75778186 None 0.0553 1.44 -3.88
SN Sanchez Energy Corp 0.399900 87537788 None None 4.21 -23.12
NM Navios Maritime Holdings Inc 0.280200 124706280 None 0.0774 1.07 -11.76
MN Manning & Napier Inc 1.780000 15333041 22.2500 0.1711 5.00 5.30
CGA China Green Agriculture Inc 0.591700 38896945 1.1869 0.0597 3.94 3.64
CBK Christopher & Banks Corp 0.338300 38445882 None 0.4104 0.40 1.06
PKD Parker Drilling Co 0.431000 9381601 None 0.0238 8.71 -53.04

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.

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.

HCHC:NYS HC2 Holdings

HC2 Holdings has 3358 employees and is headquartered in United States.
HC2 Holdings Inc is a diversified holding company which engages in construction, marine services, insurance, telecommunications, energy, life sciences, and other businesses.

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