Discovering Undiscovered Gems in Canada August 2024
In This Article:
Over the last 7 days, the Canadian market has dropped 2.8%, with Financials down 3.1% and Materials down 6.7%. However, over the past year, the market has risen by 8.1%, with earnings expected to grow by 15% per annum over the next few years. In this fluctuating environment, identifying promising yet underappreciated stocks can provide unique opportunities for investors looking to capitalize on future growth potential.
Top 10 Undiscovered Gems With Strong Fundamentals In Canada
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Alvopetro Energy | NA | 52.76% | 59.10% | ★★★★★★ |
| TWC Enterprises | 6.74% | 10.99% | 25.68% | ★★★★★★ |
| Taiga Building Products | NA | 7.62% | 15.46% | ★★★★★★ |
| Pizza Pizza Royalty | 15.61% | 2.83% | 3.04% | ★★★★★☆ |
| Frontera Energy | 28.78% | -0.59% | 34.36% | ★★★★★☆ |
| Reconnaissance Energy Africa | NA | 31.73% | -6.92% | ★★★★★☆ |
| Mako Mining | 28.08% | 39.01% | 48.79% | ★★★★★☆ |
| Firan Technology Group | 17.91% | 3.75% | 23.32% | ★★★★★☆ |
| Queen's Road Capital Investment | 7.20% | 22.14% | 22.20% | ★★★★☆☆ |
| Genesis Land Development | 53.32% | 25.58% | 47.05% | ★★★★☆☆ |
Let's review some notable picks from our screened stocks.
Frontera Energy
Simply Wall St Value Rating: ★★★★★☆
Overview: Frontera Energy Corporation is involved in the exploration, development, production, transportation, storage, and sale of crude oil and natural gas across South America with a market cap of CA$608.53 million.
Operations: Frontera Energy generates revenue primarily from its Exploration and Production Onshore - Colombia segment ($1.11 billion) and also from Infrastructure Colombia ($46.33 million) and Exploration and Production Onshore - Ecuador ($16.95 million).
Frontera Energy, a small-cap oil and gas player, has seen its debt to equity ratio improve from 29.2% to 28.8% over five years while maintaining a net debt to equity ratio of 20.3%. The company’s EBIT covers interest payments 4.9 times over, indicating robust financial health. Despite reporting a net loss of US$2.85 million in Q2 2024, Frontera's earnings grew by 13.4% last year, outpacing the industry average of -35.5%.
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Navigate through the intricacies of Frontera Energy with our comprehensive health report here.
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Examine Frontera Energy's past performance report to understand how it has performed in the past.
Lassonde Industries
Simply Wall St Value Rating: ★★★★★★
Overview: Lassonde Industries Inc., with a market cap of CA$1.04 billion, develops, manufactures, and markets a range of ready-to-drink beverages, fruit-based snacks, and frozen juice concentrates in Canada, the United States, and internationally.