Tree Island Steel: Top 10 Undervalued Steel Industry Stocks (TSL)
Tree Island Steel is now ranked among the top 10 undervalued stocks in the Steel industry on the Toronto Stock Exchange or TSX Venture 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)
Steel: Companies that produce coking coal.
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 |
|---|---|---|---|---|---|---|---|---|
| CSO | Corsa Coal | 0.34 | 0.68 | 0.34 (100.1%) | 53835 | 35.7 | 0.0 | 1.1 |
| TSL | Tree Island Steel | 3.09 | 3.27 | 0.18 (5.7%) | 16074 | 83.8 | 3.9 | 38.6 |
| ASTL | Algoma Steel Group | 10.85 | 10.98 | 0.13 (1.2%) | 34760 | 1178.3 | 2.5 | 17.0 |
All data provided as of May 21, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Tree Island Steel
Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, and Residential Construction. Key revenue is derived from the Industrial segment.
Tree Island Steel is listed under TSL 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.
