11 Stocks Selling Below Cash

If you are looking for very cheap stocks, you may want to look for stocks that are selling below cash per share. What this means is if you take all the cash a company has and divide it by the number of shares, you get the cash per share. There are actually over 60 stocks out there, discovered by WallStreetNewsNetwork.com, which are trading below that cash amount.

The following are a list of 11 stocks, all with market caps over $400 million, that are trading way below cash per share, therefore, with a Price to Cash per Share [PCS] ratio of way below 1. Keep in mind that many of these are foreign companies, many have high debt, and many are in struggling industries. Financials are based on several sources, but should be investigated before investing in any of these stocks.

Mitsubishi UFJ (MTU) is a financial services and banking company based in Tokyo, Japan. The stock has a price to cash per share ratio of 0.208 , with a PE ratio of 11.7 .

Gov Bank of Ireland (IRE) is an Irish banking and other financial services firm. The stock has a price to cash per share ratio of 0.218 , with a PE ratio of 0.95 and a PEG of 0.09 .

Banco Santander (STD) is a commercial and private bank based in Madrid, Spain. The stock has a price to cash per share ratio of 0.233 , with a PE ratio of 5.15 and a PEG of 0.36 .

Allied Irish Banks Plc (AIB) is an Irish based banking, investment banking, and asset management company. The stock has a price to cash per share ratio of 0.248 , with a PE ratio of 1.56 and a PEG of 0.1 .

Genworth Financial (GNW) is a provider of various types of insurance, including life insurance, long term care insurance, Medicare supplement insurance, and mortgage insurance. The stock has a price to cash per share ratio of 0.298 , with a PE ratio of 3.93 and a PEG of 0.2 .

Liberty Media Capital (LCAPA) is a provider of video programming through cable, satellite, telephone, and the Internet. The stock has a price to cash per share ratio of 0.355 , with a PE ratio of 2.41 .

Banco Bilbao (BBV) is a Bilbao, Spain based bank. The stock has a price to cash per share ratio of 0.356 , with a PE ratio of 5.17 and a PEG of 0.36 .

Yazhou Coal Mining (YZC) is a Chinese based coal mining company. The stock has a price to cash per share ratio of 0.385 , with a PE ratio of 0.41 and a PEG of 0.35 .

Sadia S.A. (SDA) is a Brazil based manufacturer and marketer of processed products, poultry, and pork. The stock has a price to cash per share ratio of 0.491, with a PE ratio of 1.08 .

Discover Financial Svcs (DFS) is an Illinois based credit card company. The stock has a price to cash per share ratio of 0.517 , with a PE ratio of 12.25 and a PEG of 1.01 .

Health Net Inc (HNT) is a provider of managed health care services and health plans. The stock has a price to cash per share ratio of 0.604 , with a PE ratio of 27.38 and a PEG of 0.38 .

You can download an Excel database spreadsheet list of over 60 stocks trading below cash per share at WallStreetNewsNetwork.com. Please note that many of the stocks on that list are very low cap and therefore very speculative.

Author does not own any of the above.

Comments

[Dividends Anonymous]

BBV is one of my favourite international banks. It's been clobbered during this credit bubble bursting but continues to have good capital ratios, very impressive dividend and is diversified in the Spanish/Latin global banking market.

2008 Oct 31 12:50 PM

[Mark Prouty]

you need to look at net cash by subtracting out obligations (debt, off balance sheet, etc). If you just look at P/C a company can just issue a ton of debt to increase the denominator.

2008 Oct 31 01:04 PM

[San_Fran_Sam]

I would think that you would also want to look at the change in cash over time. they may have a lot now, but how about 6 months from now.

2008 Oct 31 02:13 PM

[Eric Fox]

Here's a list of stocks trading under Net Current Asset Value:

news.briefing.com/Gene...

2008 Oct 31 02:14 PM

[fatcat]

The way finacial and insurance cos. lie , I wouldn't trust any of their ratios...

2008 Oct 31 02:15 PM

[Ishortyou]

puty is right you have to consider the debt in the formula to obtain the true cash value.

2008 Nov 01 09:12 AM

[notsosmart]

fat cat is on the money. you cant believe the liars. the accounting trickery,the phony ratings,the lack of ethics, the self serving boards,the overpaid ceos,the total lack of transparency must be by now common knowledge by most of the sheeples.you ignore it at your own risk(maybe not-the taxpayer may bail you out).the scammers & scoundrels are not going away.they just jump around from place to place,collecting their huge incomes,paying as little tax as possible via loopholes,& laughing all the way to their swiss banks.

2008 Nov 01 09:31 AM

[Urbane Gorilla!]

I agree with fatcat as well.

Irish banks? Please! South American banks? They haven't been hit with the still unfolding commodity collapse.

The only two I see as **not too spooky** are Yangzou and Sandia. And those two only because they are **not as** connected to the outside world's ills right now. Both tend to have a moat as they service their countries internally.

However! That is not to say that they will not be tarred with the same brush as their counterparts.

And I like PDA better than SDA and still prefer BTU over YCZ anyway..

But interesting list if and when the world's economies begin to pick up...

thx jegan

2008 Nov 01 03:34 PM

[Vladimir Senkov]

If you learn ONE THING from this crisis . . . please learn this:
excel junkies can not be trusted!
And by the way, I assume there is no fraud.

They will always tell you one thing: we are not subject matter experts, we are excel experts! Apparently they really believe that 6figure salaries are justified by that skill alone.
They also know how to copy&paste.

So when they tell you how much cash YCZ has per share, or any other company, please make sure you understand where they got the data they plugged into their excel "models".
when they tell you "from finance.yahoo.com" then HANG UP and stop wasting your time on them.
You know how much crap data is "out there on the internet"? a lot.
it is very difficult to get error free data. everybody is guilty. I once wrote to a person who worked at Forbes and asked him why he wrote that a certain fund paid a dividend of X% in his article. You know what he said? He said "because I got that from finance.yahoo.com. When i explained to him how wrong that data was he asked me if I WANTED him to post a correction.
I of course just wanted to know if I could trust data i got from Forbes articles. Now i knew that I couldn't. Forbes of course isn't alone. So when Moody's tells you that a certain pile of paper is AAA you MUST ask where the inputs came from. You'll be surprised! Or (I hope) maybe not so much.

So, whoever actually ANALYZED (by that i don't mean running bogus screener on bogus data) Yazhou Coal Mining, would you PLEASE come out and tell us where the data came from?
If you are silent I'm going to assume that it came from finance.yahoo.com and that you are also extremely proud of 1850% institutional ownership :))))

2008 Nov 01 07:56 PM

[PeakOiler]

'Cash' in this reference is net cash (debt removed). Check a few stocks, eg. DFS, HNT.

2008 Nov 01 08:08 PM

[Konst]

additionaly, Discover is getting some more cash from the visa and mastercard settlement, the amount will be determined by whether and how much they will or won't have to pay Morgan Stanley, their former parent company. Discover will also hopefully broaden its international reach by utlizing its Diners Club purchase to that end. The world is probably not coming to an end, in the long term. And having "credit exposure" is when thigs pick up a plus, because it provides a stream of revenue and profits. The market participants have been acting irrationally, though it's to be expected with what the has been happening and the government's seemingly arbitrary actions such as confiscating shareholders' equity (washington mutual, fnm, fre, aig...)

2008 Nov 02 01:27 AM

[The-Honest-Trader]

Sadia had huge losses on dollar derivatives, about 300 million dollars!

It has unwinded the position already but it was an unauthorized position that's why the stock got sold off and its credit rating was reduced.

Do your homework before posting and buying...

2008 Nov 02 08:03 AM

[Richard Collins; Claremont, CA]

The article and the comments are very informative. I want to especially thank Vladimir Senkov as he brought out some points I didn't know about.
Dan Kowkabany

2008 Nov 02 10:25 AM

[cynic69]

Many of these companies are going to be losing money because of the high cost of energy

2008 Nov 02 01:20 PM

[cynic69]

Many of thses companies are going to lose money because of the high cost of energy

2008 Nov 02 01:24 PM

[jrs87sch]

Don't forget about DIVIDENDS! Stocks with good, high-paying dividends are where to be right now.

After doing hours of research I found the 5 Best Dividend Stocks and posted it on my website.

Although I completely agree with you that this market is cheap, people are afraid that they won't get any return on their money. With dividends, the money is certain to come.

2008 Nov 03 12:04 AM

[Pipo]

Nice article. YZC has the plus of being a chinese company.

Jim Rogers has been buying China again and probably so should we.

jimrogers-investments..../

2008 Nov 03 07:27 AM

[linenoise]

Dividends? Like what WB used to pay?

2008 Nov 03 01:52 PM

[DaveinHackensack]

USEG, a stock I've mentioned on my site a few times, is selling for less than net cash at today's closing price. Yahoo! Finance shows $70.31 million in cash, and $14.15 million in debt for USEG, with a market cap of $53 million.

2008 Nov 03 04:21 PM

[Alex Sebastian]

I was going to say I wouldn't touch any of these except the Brazilian meat manufacturer, but after reading the comments, I don't think I would touch any of them. Mitsubishi UFJ is planning an enormous stock offering, one which will dilute the h*** out of the current shareholders. All these financials are still facing enormous challenges, I wouldn't touch them for a few quarters at least.

2008 Nov 03 09:18 PM