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The Canadian market has experienced increased volatility recently, with concerns about a slowing economy and persistent inflation sparking pullbacks. Despite these fluctuations, stocks have generally delivered strong gains and remain near record highs. In this environment, identifying undiscovered gems—stocks that offer potential growth despite broader market swings—can be particularly rewarding for investors looking to navigate the current economic landscape.
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% | ★★★★★★ |
| Amerigo Resources | 12.87% | 7.49% | 12.97% | ★★★★★☆ |
| 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% | ★★★★☆☆ |
Let's uncover some gems from our specialized screener.
Hammond Power Solutions
Simply Wall St Value Rating: ★★★★★★
Overview: Hammond Power Solutions Inc., along with its subsidiaries, designs, manufactures, and sells various transformers across Canada, the United States, Mexico, and India with a market cap of CA$1.52 billion.
Operations: Hammond Power Solutions generates CA$754.37 million in revenue from the manufacture and sale of transformers across multiple regions.
Hammond Power Solutions (HPS) has been making waves with its robust financials and strong growth indicators. Over the past year, earnings grew by 12.3%, surpassing the Electrical industry’s 6.5%. HPS's net income for Q2 2024 was CAD 23.59 million, up from CAD 13.33 million a year earlier, reflecting solid performance with basic EPS at CAD 1.98 compared to CAD 1.12 previously. The company’s debt-to-equity ratio also improved significantly from 27.7% to just 5% over five years, indicating prudent financial management and reduced leverage risks.
Leon's Furniture
Simply Wall St Value Rating: ★★★★★★
Overview: Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada and has a market cap of CA$2.04 billion.