Lithium Americas: Top 10 Undervalued Small Cap Stocks on TSX (LAAC)
Lithium Americas is now ranked among the top 10 small 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)
- Small caps total market capitalization (300M-2B)
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 |
|---|---|---|---|---|---|---|---|---|
| LAAC | Lithium Americas | 4.36 | 9.45 | 5.09 (116.7%) | 342485 | 700.9 | 0.0 | 45.4 |
| BLDP | Ballard Power Systems | 3.09 | 6.62 | 3.53 (114.1%) | 756387 | 923.9 | 0.0 | 0.0 |
| SGR-U | Slate Grocery | 7.98 | 14.94 | 6.96 (87.2%) | 1292 | 481.2 | 10.8 | 12.8 |
| BBU-UN | Brookfield Bus Partners | 25.91 | 48.29 | 22.38 (86.4%) | 30437 | 1925.1 | 1.3 | 3.0 |
| TLRY | Tilray Brands | 2.27 | 3.98 | 1.71 (75.3%) | 659265 | 1712.6 | 0.0 | 0.0 |
| LAC | Lithium Americas | 3.64 | 6.09 | 2.45 (67.2%) | 817855 | 589.8 | 0.0 | 0.0 |
| DND | Dye & Durham | 12.32 | 19.64 | 7.32 (59.4%) | 105842 | 763.9 | 0.6 | 0.0 |
| CGX | Cineplex | 8.22 | 13.10 | 4.88 (59.4%) | 478900 | 523.5 | 0.0 | 6.2 |
| ESI | Ensign Energy Services | 2.28 | 3.59 | 1.31 (57.3%) | 176244 | 420.7 | 0.0 | 12.0 |
| IAU | i-80 Gold | 1.44 | 2.26 | 0.82 (56.7%) | 1199824 | 439.7 | 0.0 | 0.0 |
All data provided as of June 30, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Lithium Americas
Lithium Argentina is a pure-play lithium producer. The company owns two neighboring lithium brine resources in northwest Argentina: Cauchari-Olaroz and Pastos Grandes. Cauchari-Olaroz entered production in 2023, while Pastos Grandes is still in development. Lithium Argentina plans for both resources to be fully integrated with onside downstream processing capabilities and will sell into the lithium chemical market.
Lithium Americas is listed under LAAC 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.
