Electrovaya: Top 10 Undervalued Industrials Sector Stocks on TSX (ELVA)
Electrovaya is now ranked among the top 10 undervalued stocks in the Industrials sector on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| BLDP | Ballard Power Systems | 1.79 | 4.07 | 2.28 (127.5%) | 1169178 | 535.9 | 0.0 | 0.0 |
| LEV | Lion Electric | 0.50 | 1.02 | 0.52 (104.1%) | 375347 | 113.1 | 0.0 | 0.0 |
| CWL | Caldwell Partners Intl | 1.07 | 1.91 | 0.84 (78.6%) | 8871 | 31.6 | 0.0 | 0.0 |
| EXRO | Exro Technologies | 0.28 | 0.45 | 0.17 (63.6%) | 990591 | 134.8 | 0.0 | 0.0 |
| DRT | Dirtt Environmental Solns | 0.88 | 1.36 | 0.48 (54.2%) | 57254 | 212.3 | 0.0 | 10.5 |
| ELVA | Electrovaya | 2.93 | 4.31 | 1.38 (47.1%) | 6783 | 100.0 | 0.0 | 105.2 |
| GRN | Greenlane Renewables | 0.12 | 0.17 | 0.05 (39.7%) | 206589 | 18.5 | 0.0 | 0.0 |
| TTNM | Titanium Transportation | 2.10 | 2.61 | 0.51 (24.1%) | 24644 | 95.3 | 3.8 | 70.0 |
| ANRG | Anaergia | 1.02 | 1.26 | 0.24 (23.6%) | 93672 | 132.4 | 0.0 | 0.0 |
| DRX | ADF Group | 9.42 | 11.44 | 2.02 (21.4%) | 110135 | 293.9 | 0.3 | 5.7 |
All data provided as of November 12, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Electrovaya
Electrovaya Inc designs develop and manufacture proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. It is a technology-focused company with extensive IP. The company generates revenue from the sale of batteries and battery systems. Business operations are segmented based on large format batteries and others.
Electrovaya is listed under ELVA on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
