Wajax: Top 10 Undervalued Industrial Distribution Industry Stocks (WJX)
Wajax is now ranked among the top 10 undervalued stocks in the Industrial Distribution 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)
Industrial Distribution: ul
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 |
|---|---|---|---|---|---|---|---|---|
| ADEN | Adentra | 27.04 | 31.16 | 4.12 (15.3%) | 23973 | 613.9 | 1.8 | 11.8 |
| DBM | Doman Building Materials | 7.69 | 8.09 | 0.40 (5.2%) | 151931 | 668.1 | 7.2 | 9.7 |
| WJX | Wajax | 28.87 | 29.39 | 0.52 (1.8%) | 32446 | 620.4 | 4.6 | 7.4 |
All data provided as of December 15, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Wajax
Wajax Corp operates an integrated distribution system, providing sales, parts and services to a broad range of customers in diversified sectors of the Canadian economy, including: construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas.
Wajax is listed under WJX 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.
