Sherritt International (S:TSE) and Torstar (TS.B: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 5.450000 114857175 16.0294 0.9881 8.10 6.28
TRZ Transat A.T. Inc 9.860000 37605151 48.5000 0.6711 16.50 13.70
NMX Nemaska Lithium Inc 0.320000 847134338 None 0.4562 0.43 -0.25
GMP GMP Capital Inc 2.040000 72721000 14.5000 0.9824 7.08 6.59
S Sherritt International Corp 0.215000 397281686 0.2390 0.0813 0.40 -1.38
TS.B Torstar Corp 0.820000 81112268 None 0.2896 0.84 3.10
SCB Street Capital Group Inc 0.500000 122184000 39.3300 0.6433 0.53 0.50
NRI Nuvo Pharmaceuticals Inc 2.000000 11388000 None 1.1000 2.47 -8.44
TRIL Trillium Therapeutics Inc 0.790000 21238831 None 7.6668 0.98 0.57
CQE Cequence Energy Ltd 0.540000 24553000 0.3432 0.0871 0.59 -1.85
KRN Karnalyte Resources Inc 0.170000 42174000 None 0.5009 0.25 0.60
CSM ClearStream Energy Services Inc 0.065000 109941241 None None 0.10 -1.14
XCT exactEarth Ltd 0.295000 21626288 None 0.6974 0.67 0.20
EGL Eagle Energy Inc 0.070000 44244000 None 0.0429 0.08 -0.86
NKO.DL Niko Resources Ltd 0.015000 94049967 None None 0.05 -2.15
FTU US Financial 15 Split Corp 0.460000 1902494 None None 1.19 None
MNT Royal Canadian Mint 18.330000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 11.600000 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.

S:TSE Sherritt International

http://www.sherritt.com
Sherritt International has 6963 employees and is headquartered in Canada.
Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and Madagascar.

TS.B:TSE Torstar

http://www.torstar.com
Torstar has 3253 employees and is headquartered in Canada.
Torstar Corp is a Canadian based media company. It operates through three segments Metroland Media Group (MMG), Star Media Group (SMG) and Digital Ventures. Majority revenue is earned from MMG segment.

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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.