Neo Performance Materials: Top 10 Undervalued Small Cap Stocks on TSX (NEO)
Neo Performance Materials 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 |
|---|---|---|---|---|---|---|---|---|
| ORE | Orezone Gold | 0.85 | 1.95 | 1.10 (129.2%) | 100894 | 316.9 | 0.0 | 5.2 |
| TLRY | Tilray Brands | 2.22 | 4.36 | 2.14 (96.5%) | 856193 | 1622.3 | 0.0 | 0.0 |
| SOLG | SolGold | 0.14 | 0.26 | 0.13 (93.7%) | 191365 | 405.1 | 0.0 | 0.0 |
| IAU | i-80 Gold | 2.00 | 3.57 | 1.57 (78.7%) | 673251 | 574.3 | 0.0 | 0.0 |
| LAAC | Lithium Americas | 7.17 | 12.59 | 5.42 (75.6%) | 232049 | 1186.8 | 0.0 | 0.0 |
| CHR | Chorus Aviation | 2.00 | 3.36 | 1.36 (67.9%) | 603599 | 402.5 | 0.0 | 6.2 |
| GGD | GoGold Resources | 1.15 | 1.92 | 0.77 (67.1%) | 772791 | 383.8 | 0.0 | 0.0 |
| BLDP | Ballard Power Systems | 4.39 | 7.19 | 2.80 (63.8%) | 581001 | 1311.3 | 0.0 | 0.0 |
| OSK | Osisko Mining | 2.81 | 4.52 | 1.71 (60.8%) | 853289 | 1063.9 | 0.0 | 4.8 |
| NEO | Neo Performance Materials | 7.03 | 11.09 | 4.06 (57.8%) | 40712 | 316.5 | 5.7 | 0.0 |
All data provided as of March 09, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Neo Performance Materials
Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of industrial materials.
Neo Performance Materials is listed under NEO 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.
