Goodfood Market: Top 10 Undervalued Growth Stocks on TSX (FOOD)
Goodfood Market is now ranked among the top 10 undervalued small cap growth stocks on the Toronto Stock Exchange (TSX).
- 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)
- Small, micro and nano group market capitalization (<10B)
Stocks in this category that have grown their revenue significantly in their latest quarterly report. They are held primarily for capital appreciation but do present downside risk. Growth stocks are always of interest to investors as they present upside opportunity. Stocks that are both growing their quarterly revenue and showing as undervalued are of special interest as these two factors are important when looking for prospects.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| IVQ-U | Invesque | 0.16 | 0.68 | 0.52 (322.7%) | 1190 | 9.1 | 0.0 | 0.0 |
| TMD | Titan Medical | 0.06 | 0.19 | 0.14 (248.1%) | 33572 | 6.3 | 0.0 | 0.6 |
| LPEN | Loop Energy | 0.04 | 0.15 | 0.10 (233.3%) | 136800 | 1.5 | 0.0 | 0.0 |
| IVQ | Invesque | 0.23 | 0.74 | 0.50 (213.4%) | 8043 | 13.3 | 0.0 | 0.0 |
| MPVD | Mountain Province Diamond | 0.19 | 0.59 | 0.40 (208.0%) | 87297 | 40.7 | 0.0 | 0.8 |
| NVO | Novo Resources | 0.14 | 0.39 | 0.26 (189.6%) | 87821 | 47.6 | 0.0 | 0.0 |
| VRTS | Vertiqal Studios | 0.02 | 0.06 | 0.04 (182.6%) | 72574 | 12.5 | 0.0 | 0.0 |
| EGLX | Enthusiast Gaming Hldgs | 0.14 | 0.35 | 0.21 (159.3%) | 207814 | 20.8 | 0.0 | 0.0 |
| ANRG | Anaergia | 0.29 | 0.70 | 0.41 (138.3%) | 19.2 | 0.0 | 0.0 | |
| VPH | Valeo Pharma | 0.10 | 0.22 | 0.13 (135.7%) | 63958 | 8.2 | 0.0 | 0.0 |
| NUMI | Numinus Wellness | 0.07 | 0.15 | 0.09 (132.6%) | 429919 | 17.1 | 0.0 | 0.0 |
| AXIS | Axis Auto Fin | 0.06 | 0.13 | 0.07 (117.7%) | 12507 | 7.3 | 0.0 | 0.0 |
| DN | Delta 9 Cannabis | 0.02 | 0.04 | 0.02 (116.7%) | 1020622 | 4.6 | 0.0 | 0.0 |
| QIPT | Quipt Home Medical | 4.52 | 9.60 | 5.08 (112.4%) | 49208 | 190.7 | 0.0 | 0.0 |
| AVCN | Avicanna | 0.24 | 0.52 | 0.27 (110.8%) | 169151 | 22.3 | 0.0 | 0.0 |
| WPRT | Westport Fuel Systems | 7.56 | 15.60 | 8.04 (106.4%) | 10903 | 130.2 | 0.0 | 0.0 |
| CFF | Conifex Timber | 0.56 | 1.11 | 0.55 (99.1%) | 14094 | 23.1 | 0.0 | 0.0 |
| ORE | Orezone Gold | 0.71 | 1.40 | 0.69 (97.5%) | 172291 | 266.9 | 0.0 | 6.5 |
| BSX | Belo Sun Mining | 0.05 | 0.10 | 0.05 (96.9%) | 102978 | 22.8 | 0.0 | 0.0 |
| AVNT | Avant Brands | 0.07 | 0.13 | 0.06 (92.0%) | 128873 | 18.3 | 0.0 | 0.0 |
| FOOD | Goodfood Market | 0.30 | 0.57 | 0.28 (91.7%) | 35433 | 23.2 | 0.0 | 0.0 |
| ARA | Aclara Resources | 0.51 | 0.97 | 0.46 (90.5%) | 49278 | 83.3 | 0.0 | 0.0 |
| SGNL | Signal Gold | 0.10 | 0.19 | 0.09 (90.4%) | 115342 | 25.3 | 0.0 | 0.0 |
| BRMI | Boat Rocker Media | 0.85 | 1.62 | 0.77 (90.0%) | 24157 | 47.9 | 0.0 | 0.0 |
| FURY | Fury Gold Mines | 0.64 | 1.21 | 0.57 (88.8%) | 145532 | 93.4 | 0.0 | 0.0 |
All data provided as of May 31, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Companies included above have not paid a dividend in the last 12-months.
Goodfood Market
Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead.
Goodfood Market is listed under FOOD 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.
