Discovering Canadian Undiscovered Gems with Strong Potential

In This Article:

The market has been flat in the last week but has risen 13% in the past 12 months, with earnings forecast to grow by 15% annually. In this environment, identifying stocks with strong potential involves looking for companies that are poised to capitalize on growth trends and have solid fundamentals.

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

43.44%

3.74%

★★★★★★

Jaguar Mining

1.19%

5.49%

5.12%

★★★★★★

Taiga Building Products

NA

6.05%

10.50%

★★★★★★

Tornado Global Hydrovacs

14.62%

24.52%

64.90%

★★★★★☆

Mako Mining

22.90%

38.12%

54.79%

★★★★★☆

Firan Technology Group

17.91%

3.75%

23.32%

★★★★★☆

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%

★★★★☆☆

Click here to see the full list of 46 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener.

Let's uncover some gems from our specialized screener.

Evertz Technologies

Simply Wall St Value Rating: ★★★★★★

Overview: Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally with a market cap of CA$1.05 billion.

Operations: Evertz Technologies generates revenue primarily from the Television Broadcast Equipment Market, amounting to CA$514.62 million. The company's net profit margin stands at 17.5%.

Evertz Technologies, a small Canadian company, has shown impressive earnings growth of 9.6% over the past year, outpacing the Communications industry. Trading at 50.5% below its estimated fair value and being debt-free for five years enhances its appeal. Recently, Evertz reported annual sales of CAD 514.62 million with net income rising to CAD 70.17 million from CAD 64.03 million last year, and also repurchased shares worth CAD 0.1 million earlier this year.

TSX:ET Debt to Equity as at Sep 2024
TSX:ET Debt to Equity as at Sep 2024

Extendicare

Simply Wall St Value Rating: ★★★★☆☆

Overview: Extendicare Inc., with a market cap of CA$743.69 million, operates through its subsidiaries to provide care and services for seniors in Canada.

Operations: Extendicare generates revenue primarily from Long-Term Care (CA$798.80 million), Home Health Care (CA$525.16 million), and Managed Services (CA$64.32 million).