Canaccord Genuity Group (CF:TSE) and Transat A.T. (TRZ: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
CF Canaccord Genuity Group Inc 5.930000 115706975 14.1190 1.1582 7.75 5.66
TRZ Transat A.T. Inc 6.010000 37583687 60.1000 0.3769 15.80 13.71
GMP GMP Capital Inc 1.780000 72721000 12.7143 0.7050 6.79 6.39
SCB Street Capital Group Inc 0.590000 122184000 40.0081 0.5159 0.63 0.60
KRN Karnalyte Resources Inc 0.180000 28116000 None 0.3450 0.34 0.89
EGL Eagle Energy Inc 0.105000 44244000 None 0.0583 0.17 -0.66
LXR LXRandCo Inc 0.235000 15676012 0.0407 0.3240 0.27 -0.25
CSM ClearStream Energy Services Inc 0.015000 109941241 None None 0.03 -1.20
NKO Niko Resources Ltd 0.015000 94049967 None None 0.04 -2.15
ZAR Zargon Oil & Gas Ltd 0.040000 30900000 None 0.0730 0.11 -1.22
FTU US Financial 15 Split Corp 0.345000 2809191 None None 0.81 None
MNT Royal Canadian Mint 17.730000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 11.700000 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.

CF:TSE Canaccord Genuity Group
Canaccord Genuity Group has 1956 employees and is headquartered in Canada.
Canaccord Genuity Group Inc is a Canada-based financial services company. It operates in two segments of the securities industry: wealth management and capital markets.

TRZ:TSE Transat A.T.
Transat A.T. has 5000 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.

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