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As of June 2024, the Canadian market is showing signs of adapting to economic shifts, with the Bank of Canada's recent decision to cut interest rates reflecting a moderated inflation rate and a tempered growth outlook. This evolving economic landscape could present opportunities for investors interested in undervalued small-cap stocks, particularly those where insider actions suggest unrecognized potential.
Top 10 Undervalued Small Caps With Insider Buying In Canada
Name | PE | PS | Discount to Fair Value | Value Rating |
---|---|---|---|---|
Dundee Precious Metals | 8.0x | 2.8x | 47.52% | ★★★★★★ |
Nexus Industrial REIT | 2.3x | 2.8x | 20.37% | ★★★★★★ |
Canaccord Genuity Group | NA | 0.5x | 39.89% | ★★★★★★ |
Guardian Capital Group | 9.9x | 3.8x | 35.24% | ★★★★★☆ |
Calfrac Well Services | 2.2x | 0.2x | 5.58% | ★★★★★☆ |
Primaris Real Estate Investment Trust | 11.5x | 3.0x | 35.06% | ★★★★★☆ |
Sagicor Financial | 1.2x | 0.4x | -95.16% | ★★★★☆☆ |
Gear Energy | 19.0x | 1.3x | 32.10% | ★★★☆☆☆ |
Freehold Royalties | 15.2x | 6.5x | 48.09% | ★★★☆☆☆ |
AutoCanada | 11.4x | 0.1x | -120.02% | ★★★☆☆☆ |
Let's dive into some prime choices out of from the screener.
Interfor
Simply Wall St Value Rating: ★★★★★★
Overview: Interfor is a lumber company specializing in solid wood products with a market capitalization of approximately CA$1.27 billion.
Operations: Solid Wood generated CA$3.30 billion in revenue, with a notable shift in gross profit margin from 0.036% to 0.159% over recent periods, reflecting significant fluctuations in operational efficiency and market conditions.
PE: -3.1x
Despite a challenging quarter where Interfor reported a net loss and a slight drop in sales, the company showcased resilience by increasing lumber production year-over-year. This growth in output, alongside recent insider confidence demonstrated through share purchases, suggests a robust belief in the firm's potential. With no customer deposits and liabilities fully covered by external borrowings, financial agility remains evident. Looking ahead, this blend of insider activity and operational adjustments positions Interfor intriguingly for those eyeing underpriced opportunities within Canada’s smaller companies landscape.
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Click here to discover the nuances of Interfor with our detailed analytical valuation report.
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Evaluate Interfor's historical performance by accessing our past performance report.
Jamieson Wellness
Simply Wall St Value Rating: ★★★☆☆☆
Overview: Jamieson Wellness is a company specializing in the manufacture and distribution of natural health products, with a market capitalization of approximately CA$1.08 billion.