Fairfax India Holdings: Top 10 Undervalued Mid Cap Stocks on TSX (FIH-U)
Fairfax India Holdings is now ranked among the top 10 mid cap stocks 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)
- Mid caps total market capitalization (2-10B)
Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| U-U | Sprott Physical Uranium | 20.60 | 42.66 | 22.06 (107.1%) | 50973 | 5132.5 | 0.0 | 2.0 |
| FIH-U | Fairfax India Holdings | 14.67 | 25.48 | 10.81 (73.7%) | 27128 | 2007.1 | 0.0 | 5.4 |
| BEPC | Brookfield Renewable | 30.72 | 53.04 | 22.32 (72.6%) | 364723 | 5518.9 | 6.0 | 0.0 |
| TIXT | TELUS Intl | 10.75 | 18.40 | 7.65 (71.2%) | 120335 | 3074.5 | 0.0 | 43.4 |
| LSPD | Lightspeed Commerce | 17.78 | 27.46 | 9.68 (54.5%) | 547590 | 2741.6 | 0.0 | 0.0 |
| AC | Air Canada | 19.58 | 27.72 | 8.14 (41.6%) | 2206072 | 7362.1 | 0.0 | 3.3 |
| NVEI | Nuvei | 44.02 | 58.85 | 14.83 (33.7%) | 632856 | 6129.7 | 0.9 | 0.0 |
| AP-UN | Allied Properties REIT | 17.08 | 22.50 | 5.42 (31.7%) | 440311 | 2387.2 | 10.5 | 0.0 |
| CLS | Celestica | 56.03 | 71.31 | 15.28 (27.3%) | 458623 | 6740.4 | 0.0 | 20.0 |
| AQN | Algonquin Power | 8.17 | 10.30 | 2.13 (26.1%) | 1812095 | 5643.5 | 7.2 | 197.7 |
All data provided as of April 21, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Fairfax India Holdings
Fairfax India Holdings Corp is an investment holding company. The investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers, or business conducted in or dependent on India. The company operates through investing in India segment and it earns income through the source of interest and dividends.
Fairfax India Holdings is listed under FIH-U 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.
