Unveiling Canada's Hidden Stock Gems For October 2024
In This Article:
Over the last 7 days, the Canadian market has risen by 1.3%, contributing to a remarkable 23% increase over the past year, with earnings forecasted to grow by 15% annually. In this thriving environment, identifying stocks that combine strong fundamentals with growth potential can uncover hidden opportunities for investors.
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% | ★★★★★★ |
| Taiga Building Products | NA | 6.05% | 10.50% | ★★★★★★ |
| Lithium Chile | NA | nan | 30.02% | ★★★★★★ |
| Tornado Global Hydrovacs | 14.62% | 24.52% | 64.90% | ★★★★★☆ |
| Grown Rogue International | 24.92% | 43.35% | 67.95% | ★★★★★☆ |
| 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% | ★★★★☆☆ |
Let's review some notable picks from our screened stocks.
Hammond Power Solutions
Simply Wall St Value Rating: ★★★★★★
Overview: Hammond Power Solutions Inc., along with its subsidiaries, focuses on designing, manufacturing, and selling a range of transformers across Canada, the United States, Mexico, and India with a market capitalization of CA$1.79 billion.
Operations: Hammond Power Solutions generates revenue primarily from the manufacture and sale of transformers, totaling CA$754.37 million.
Hammond Power Solutions, a compact player in the electrical industry, has seen its debt to equity ratio drop from 28% to 5% over five years. With earnings growth of 12.3%, outpacing the industry's 7.9%, and trading at a discount of 35% below estimated fair value, it presents intriguing prospects. Despite significant insider selling recently, the company remains profitable with high-quality earnings and solid interest coverage at nearly 88 times EBIT. Recent follow-on equity offerings raised C$57 million, underscoring its strategic financial maneuvers.
TerraVest Industries
Simply Wall St Value Rating: ★★★★★☆
Overview: TerraVest Industries Inc. is a company that manufactures and sells goods and services to the energy, agriculture, mining, transportation, and other markets in Canada and the United States, with a market cap of CA$1.98 billion.
Operations: TerraVest Industries generates revenue primarily from its HVAC and Containment Equipment segment (CA$292.90 million), followed by Compressed Gas Equipment (CA$243.77 million) and Service (CA$201.78 million). The company also earns from Processing Equipment, contributing CA$117.58 million to its overall revenue structure.