Lithium Americas: Top 10 Undervalued Small Cap Stocks on TSX (LAC)
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 |
|---|---|---|---|---|---|---|---|---|
| BLDP | Ballard Power Systems | 3.16 | 6.21 | 3.05 (96.5%) | 635773 | 944.9 | 0.0 | 0.0 |
| ISO | IsoEnergy | 3.48 | 5.97 | 2.49 (71.5%) | 125553 | 604.7 | 0.0 | 0.0 |
| SOIL | Saturn Oil & Gas | 2.58 | 4.04 | 1.46 (56.7%) | 120392 | 390.8 | 0.0 | 0.0 |
| TC | Tucows | 34.86 | 53.23 | 18.37 (52.7%) | 3598 | 380.8 | 0.0 | 0.0 |
| SSRM | SSR Mining | 7.60 | 11.51 | 3.91 (51.5%) | 335774 | 1537.9 | 2.5 | 0.0 |
| III | Imperial Metals | 2.12 | 3.20 | 1.08 (51.1%) | 16521 | 343.2 | 0.0 | 0.0 |
| LAC | Lithium Americas | 3.89 | 5.77 | 1.88 (48.3%) | 563907 | 630.3 | 0.0 | 0.0 |
| IAU | i-80 Gold | 1.47 | 2.18 | 0.71 (48.0%) | 489664 | 448.8 | 0.0 | 0.0 |
| TLRY | Tilray Brands | 2.54 | 3.69 | 1.15 (45.2%) | 705132 | 1916.3 | 0.0 | 0.0 |
| FEC | Frontera Energy | 7.82 | 11.09 | 3.27 (41.8%) | 38025 | 664.7 | 1.6 | 2.6 |
All data provided as of July 28, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Lithium Americas
Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid- to late 2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve.
Lithium Americas is listed under LAC 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.
