Payfare: Top 10 Undervalued Technology Sector Stocks on TSX (PAY)
Payfare is now ranked among the top 10 undervalued stocks in the Technology sector 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)
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| TC | Tucows | 26.89 | 55.99 | 29.10 (108.2%) | 3477 | 293.7 | 0.0 | 0.0 |
| DND | Dye & Durham | 11.58 | 19.65 | 8.07 (69.7%) | 110653 | 718.0 | 0.7 | 0.0 |
| VQS | VIQ Solns | 0.23 | 0.39 | 0.16 (67.5%) | 52103 | 8.9 | 0.0 | 0.0 |
| OPT | Optiva | 6.71 | 9.45 | 2.74 (40.9%) | 842 | 41.5 | 0.0 | 0.0 |
| ADCO | Adcore | 0.23 | 0.31 | 0.07 (31.7%) | 13761 | 14.2 | 0.0 | 0.0 |
| CTS | Converge Tech Solns | 4.37 | 5.42 | 1.05 (24.1%) | 560583 | 890.1 | 1.0 | 0.0 |
| PAY | Payfare | 6.03 | 7.46 | 1.43 (23.7%) | 88011 | 296.8 | 0.0 | 21.5 |
| TSAT | Telesat | 10.63 | 12.74 | 2.11 (19.8%) | 2614 | 145.7 | 0.0 | 1.1 |
| STC | Sangoma Technologies | 7.09 | 8.21 | 1.12 (15.8%) | 33555 | 235.1 | 0.0 | 0.0 |
| ALYA | Alithya Group | 2.10 | 2.42 | 0.32 (15.4%) | 35401 | 200.6 | 0.0 | 0.0 |
All data provided as of June 25, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Payfare
Payfare Inc is a global fintech company offering mobile banking, instant payment, and loyalty-reward solutions. Its financial technology platform is providing financial inclusion and empowerment to next-generation workers around the globe with a full-service mobile bank account and debit card with instant access to their earnings and relevant cash-back rewards. Some brands that use Payfare include Lyft, Uber, and DoorDash. Its geographical segments are Canada, the United States, and Mexico.
Payfare is listed under PAY 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.
