Findev: Top 10 Undervalued Banks Industry Stocks (FDI)
Findev is now ranked among the top 10 undervalued stocks in the Banks industry on the Toronto Stock Exchange or TSX Venture 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)
Banks: ul
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 |
|---|---|---|---|---|---|---|---|---|
| FDI | Findev | 0.40 | 0.59 | 0.19 (46.3%) | 1911 | 11.5 | 7.5 | 8.0 |
| ECN | ECN Capital | 2.42 | 2.85 | 0.43 (17.9%) | 552330 | 594.7 | 1.6 | 0.0 |
| FC | Firm Cap Mortgage Inv | 10.40 | 11.18 | 0.78 (7.5%) | 15383 | 431.0 | 9.0 | 10.8 |
| BCF | Builders Capital Mortgage | 8.55 | 9.12 | 0.57 (6.7%) | 316 | 27.1 | 9.3 | 8.8 |
| TF | Timbercreek Financial | 7.11 | 7.57 | 0.46 (6.5%) | 159156 | 687.2 | 9.7 | 9.5 |
| VBNK | VersaBank | 10.87 | 11.53 | 0.66 (6.0%) | 3622 | 282.2 | 0.9 | 8.2 |
| AI | Atrium Mortgage | 11.04 | 11.31 | 0.27 (2.4%) | 23370 | 595.7 | 8.2 | 9.3 |
| MKP | MCAN Financial | 16.32 | 16.71 | 0.39 (2.4%) | 10848 | 568.1 | 8.8 | 7.2 |
| DLCG | Dominion Lending Centres | 2.05 | 2.09 | 0.04 (1.9%) | 37931 | 97.9 | 5.8 | 3.9 |
| LB | Laurentian Bank of Canada | 36.04 | 36.43 | 0.39 (1.1%) | 149418 | 1569.0 | 5.1 | 8.0 |
All data provided as-at market close September 13, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Findev
Banks: ul Stocks in this category are held primarily for capital appreciation.
Findev is listed under FDI on the TSX Venture 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.
