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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|
|JEF||Jefferies Financial Group Inc||18.060000||290686834||34.9817||0.5285||18.98||-14.54|
|PBI||Pitney Bowes Inc||4.060000||180725731||5.2051||8.5352||4.64||-13.37|
|XIN||Xinyuan Real Estate Co Ltd||4.390000||59902818||2.0708||0.3738||12.71||-46.44|
|PYX||Pyxus International Inc||17.580000||9080984||None||0.7846||23.03||-140.03|
|RRD||R.R.Donnelley & Sons Co||2.250000||70800000||None||None||3.87||-26.80|
|GNC||GNC Holdings Inc||1.350000||83969311||2.6471||None||1.63||-15.12|
|HCHC||HC2 Holdings Inc||2.440000||45629254||0.6649||0.4776||6.62||-10.08|
|KODK||Eastman Kodak Co||2.300000||43000688||1.2530||7.4060||5.58||-4.05|
|GSL||Global Ship Lease Inc||7.000000||10192950||None||0.2186||9.61||-75.93|
|DLNG||Dynagas LNG Partners LP||1.610000||35490000||21.7086||0.1750||3.10||-16.99|
|HOV||Hovnanian Enterprises Inc||8.960000||5939182||2.9867||None||19.08||-256.54|
|HOS||Hornbeck Offshore Services Inc||1.440000||37874611||None||0.0429||4.61||-26.99|
|PIR||Pier 1 Imports Inc||0.609900||85013806||None||0.5791||0.65||-2.27|
|RMED||Ra Medical Systems Inc||3.350000||12928773||None||0.7243||4.26||4.19|
|NM||Navios Maritime Holdings Inc||3.220000||12993806||None||0.1661||10.61||-129.15|
|CRR||Carbo Ceramics Inc||1.400000||29342216||None||0.1283||2.43||-0.59|
|MN||Manning & Napier Inc||1.910000||15645595||11.2353||0.1863||3.47||5.19|
|CGA||China Green Agriculture Inc||0.510000||47816945||None||0.0604||1.45||1.20|
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.
Infosys has 225000 employees and is headquartered in India.
Infosys Ltd is engaged in consulting, technology, outsourcing and next-generation services. It offers software re-engineering, maintenance, systems integration, package evaluation and implementation and infrastructure management services.
Unisys has 22000 employees and is headquartered in United States.
Unisys Corp provides IT (Information Technology) outsourcing solutions and technology products to clients primarily in the government, financial services, and transportation sectors. The company operates in two segments namely Services and Technology.
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