Top Undiscovered Gems in Canada for September 2024
In This Article:
In the last week, the Canadian market has been flat, with a notable 3.1% drop in the Energy sector, yet it remains up 13% over the past year and earnings are forecast to grow by 15% annually. In this context of steady overall growth and sector-specific fluctuations, identifying promising yet under-the-radar stocks becomes crucial for investors seeking to capitalize on emerging opportunities.
Top 10 Undiscovered Gems With Strong Fundamentals In Canada
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| TWC Enterprises | 6.74% | 10.99% | 25.68% | ★★★★★★ |
| Reconnaissance Energy Africa | NA | 15.28% | 7.58% | ★★★★★★ |
| Jaguar Mining | 1.19% | 5.49% | 5.12% | ★★★★★★ |
| Taiga Building Products | NA | 6.05% | 10.50% | ★★★★★★ |
| Amerigo Resources | 12.87% | 7.49% | 12.97% | ★★★★★☆ |
| Firan Technology Group | 17.91% | 3.75% | 23.32% | ★★★★★☆ |
| Mako Mining | 22.90% | 38.12% | 54.79% | ★★★★★☆ |
| Pizza Pizza Royalty | 15.66% | 3.64% | 3.95% | ★★★★☆☆ |
| Queen's Road Capital Investment | 7.20% | 22.14% | 22.20% | ★★★★☆☆ |
| Genesis Land Development | 53.32% | 25.58% | 47.05% | ★★★★☆☆ |
We'll examine a selection from our screener results.
Hammond Power Solutions
Simply Wall St Value Rating: ★★★★★★
Overview: Hammond Power Solutions Inc., along with its subsidiaries, specializes in designing, manufacturing, and selling various transformers across Canada, the United States, Mexico, and India and has a market cap of CA$1.41 billion.
Operations: Hammond Power Solutions Inc. generates CA$754.37 million from the manufacture and sale of transformers across multiple regions. The company's financial performance includes a notable gross profit margin trend, reflecting its operational efficiency in this sector.
Hammond Power Solutions, a small Canadian company, has shown impressive financial performance. Its earnings grew by 12.3% over the past year, outpacing the Electrical industry’s 6.5%. The company reduced its debt to equity ratio from 27.7% to 5% in five years and trades at 49.1% below our fair value estimate. Recent quarterly results reported sales of C$197M and net income of C$23M compared to last year's C$172M and C$13M respectively, reflecting solid growth momentum.
North West
Simply Wall St Value Rating: ★★★★★★
Overview: The North West Company Inc., through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean with a market cap of CA$2.49 billion.