TerrAscend: Top 10 Undervalued Small Cap Stocks on TSX (TSND)
TerrAscend 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 |
|---|---|---|---|---|---|---|---|---|
| TC | Tucows | 28.77 | 56.37 | 27.60 (95.9%) | 4101 | 314.3 | 0.0 | 0.0 |
| SGR-U | Slate Grocery | 8.07 | 14.98 | 6.91 (85.7%) | 796 | 486.7 | 10.7 | 12.9 |
| BBU-UN | Brookfield Bus Partners | 26.11 | 48.07 | 21.96 (84.1%) | 46557 | 1940.0 | 1.3 | 3.0 |
| BLDP | Ballard Power Systems | 3.72 | 6.65 | 2.93 (78.8%) | 438172 | 1112.3 | 0.0 | 0.0 |
| TLRY | Tilray Brands | 2.39 | 4.00 | 1.61 (67.5%) | 1265486 | 1803.1 | 0.0 | 0.0 |
| SOIL | Saturn Oil & Gas | 2.60 | 4.34 | 1.74 (67.0%) | 236499 | 393.8 | 0.0 | 0.0 |
| III | Imperial Metals | 2.12 | 3.43 | 1.31 (61.6%) | 25546 | 343.2 | 0.0 | 0.0 |
| TSND | TerrAscend | 1.81 | 2.92 | 1.11 (61.3%) | 164949 | 526.0 | 0.0 | 0.0 |
| IAU | i-80 Gold | 1.41 | 2.27 | 0.86 (60.8%) | 1574284 | 430.5 | 0.0 | 0.0 |
| ESI | Ensign Energy Services | 2.18 | 3.49 | 1.31 (60.0%) | 185080 | 402.2 | 0.0 | 11.5 |
All data provided as of June 15, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
TerrAscend
TerrAscend Corp is a company focused on creating and delivering quality cannabis products and services that meet the evolving needs of its patients. It also provides education and support programs to physicians and patients through healthcare professionals. It has one operating segment, being cultivation, production, and sale of cannabis products, with subsidiaries located in Canada and the United States.
TerrAscend is listed under TSND 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.
