Three Undiscovered Gems In Canada For Your Investment Portfolio
In This Article:
The Canadian market, like its U.S. counterpart, has experienced a recent downturn amid signs of a softening labor market and economic growth. However, with the Bank of Canada poised for potential rate cuts and inflation moderating, there are opportunities for investors to find quality stocks at attractive prices. In this environment, identifying undiscovered gems can be key to diversifying your portfolio and positioning for long-term growth.
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% | ★★★★★★ |
| Tenaz Energy | NA | 33.64% | 50.62% | ★★★★★☆ |
| 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% | ★★★★☆☆ |
Underneath we present a selection of stocks filtered out by our screen.
Extendicare
Simply Wall St Value Rating: ★★★★☆☆
Overview: Extendicare Inc., with a market cap of CA$737.85 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). The company focuses on providing senior care services across Canada through these segments.
Extendicare, a healthcare services provider in Canada, has shown impressive growth with earnings surging 3957% over the past year, far outpacing the industry average of 6%. The company's net debt to equity ratio has decreased from 405.7% to 261.6% over five years but remains high at 133.7%. With a P/E ratio of 12.4x compared to the Canadian market's 14.8x, Extendicare seems undervalued despite its robust financial performance and well-covered interest payments (5.9x EBIT).
-
Dive into the specifics of Extendicare here with our thorough health report.
-
Evaluate Extendicare's historical performance by accessing our past performance report.
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$2.45 billion.