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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||8.150000||66527880||27.1667||0.9075||8.94||0.57|
|XIN||Xinyuan Real Estate Co Ltd||4.990000||64423309||2.1696||0.4753||15.54||-48.07|
|HCHC||HC2 Holdings Inc||3.420000||44774936||1.0789||0.8297||18.57||2.89|
|KODK||Eastman Kodak Co||3.010000||42726652||1.2088||7.1448||5.57||-3.81|
|HOV||Hovnanian Enterprises Inc||0.655300||148479569||21.8433||None||1.27||-9.31|
|SDLP||Seadrill Partners LLC||1.020000||91821600||0.5410||0.0671||9.60||-24.02|
|HOS||Hornbeck Offshore Services Inc||1.767300||37595348||None||0.0500||2.87||-25.96|
|GSL||Global Ship Lease Inc||0.800100||79060690||None||0.2396||1.20||-3.86|
|BRS||Bristow Group Inc||1.410000||35798185||None||0.0521||8.60||-31.90|
|CLD||Cloud Peak Energy Inc||0.579400||75778186||None||0.0445||1.44||-3.88|
|KEG||Key Energy Services Inc||1.970000||20297359||None||0.5943||2.13||-9.89|
|MN||Manning & Napier Inc||2.050000||15333041||9.7619||0.1970||5.00||5.30|
|NM||Navios Maritime Holdings Inc||1.840000||12470628||None||0.0508||10.66||-117.59|
|CGA||China Green Agriculture Inc||0.542100||39546945||None||0.0553||2.97||2.68|
|PACD||Pacific Drilling SA||15.540000||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.
FPH:NYS Five Point Holdings
Five Point Holdings has 200 employees and is headquartered in United States.
Five Point Holdings LLC is an owner and developer of mixed-use, master-planned communities in coastal California. The house sales generates maximum revenue for the company.
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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