Seadrill Partners (SDLP:NYS) and Global Ship Lease (GSL: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
FPH Five Point Holdings LLC 7.780000 66527880 25.9333 0.8663 8.94 0.57
XIN Xinyuan Real Estate Co Ltd 4.840000 64423309 2.1043 0.4610 15.54 -48.07
HCHC HC2 Holdings Inc 3.180000 44774936 1.0032 0.7715 18.57 2.89
KODK Eastman Kodak Co 3.110000 42726652 1.2490 7.3822 5.57 -3.81
SDLP Seadrill Partners LLC 1.030000 91821600 1.6858 0.0711 9.60 -24.02
HOV Hovnanian Enterprises Inc 0.650000 148479569 21.6667 None 1.27 -9.31
GSL Global Ship Lease Inc 0.800100 79060690 None 0.2396 1.20 -3.86
HOS Hornbeck Offshore Services Inc 1.650000 37595348 None 0.0466 2.87 -25.96
BRS Bristow Group Inc 1.260000 35798185 None 0.0466 8.60 -31.90
CLD Cloud Peak Energy Inc 0.505700 75778186 None 0.0388 1.44 -3.88
MN Manning & Napier Inc 2.270000 15333041 10.8095 0.2182 5.00 5.30
NM Navios Maritime Holdings Inc 1.740000 12470628 None 0.0480 10.66 -117.59
CGA China Green Agriculture Inc 0.523100 39546945 None 0.0533 2.97 2.68
PACD Pacific Drilling SA 15.160000 7500 None 0.0001 26594.53 -514079.87

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.

SDLP:NYS Seadrill Partners

http://www.seadrillpartners.com
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.

GSL:NYS Global Ship Lease

http://www.globalshiplease.com
Global Ship Lease has 9 employees and is headquartered in United Kingdom.
Global Ship Lease Inc owns a fleet of modern containerships of diverse sizes and charters the vessels out under long-term, fixed-rate charters to reputable container shipping companies.

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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.