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Discovering 3 Undiscovered Gems in Canada with Potential

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The Canadian market has been flat over the last week but has risen 10% in the past 12 months, with earnings forecast to grow by 15% annually. In this promising environment, identifying undervalued stocks with strong growth potential can be a key strategy for investors looking to capitalize on future gains.

Top 10 Undiscovered Gems With Strong Fundamentals In Canada

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

TWC Enterprises

7.71%

8.87%

30.01%

★★★★★★

Reconnaissance Energy Africa

NA

66.35%

-25.78%

★★★★★★

Taiga Building Products

NA

7.62%

15.46%

★★★★★★

Pizza Pizza Royalty

15.61%

2.83%

3.04%

★★★★★☆

Frontera Energy

28.78%

-0.59%

34.36%

★★★★★☆

Mako Mining

28.08%

39.01%

48.79%

★★★★★☆

Genesis Land Development

39.50%

22.73%

41.36%

★★★★☆☆

Queen's Road Capital Investment

7.20%

22.14%

22.20%

★★★★☆☆

Senvest Capital

54.38%

2.12%

-0.88%

★★★★☆☆

Fairfax India Holdings

17.90%

2.65%

1.15%

★★★★☆☆

Click here to see the full list of 47 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 various markets including production, post-production, broadcast, and telecommunications with a market cap of CA$990.14 million.

Operations: Evertz Technologies generates revenue primarily from the Television Broadcast Equipment Market, amounting to CA$514.62 million. The company operates with a market cap of CA$990.14 million and has diverse international markets including Canada and the United States.

Evertz Technologies, a debt-free entity, has shown robust earnings growth of 9.6% over the past year, surpassing the Communications industry’s 7.1%. Trading at 47.9% below its estimated fair value, it offers good relative value compared to peers. The company reported full-year sales of CAD 514.62 million and net income of CAD 70.17 million with basic EPS from continuing operations at CAD 0.92 per share for fiscal year ending April 2024.

TSX:ET Earnings and Revenue Growth as at Jul 2024
TSX:ET Earnings and Revenue Growth as at Jul 2024

Taiga Building Products

Simply Wall St Value Rating: ★★★★★★

Overview: Taiga Building Products Ltd. is a wholesale distributor of building products in Canada and the United States, with a market cap of CA$426.38 million.

Operations: Taiga Building Products Ltd. generates revenue primarily from its wholesale building products segment, amounting to CA$1.66 billion. The company's financial performance is influenced by its gross profit margin, which stands at 11.12%.