Top Undervalued Small Caps In Canada With Insider Action August 2024
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The Canadian market has shown impressive momentum, climbing 3.8% in the last 7 days and achieving a 13% gain over the past year. In this thriving environment, identifying undervalued small-cap stocks with insider action can present unique opportunities for investors looking to capitalize on potential growth.
Top 10 Undervalued Small Caps With Insider Buying In Canada
| Name | PE | PS | Discount to Fair Value | Value Rating |
|---|---|---|---|---|
| Calfrac Well Services | 2.6x | 0.2x | 35.45% | ★★★★★★ |
| Nexus Industrial REIT | 2.6x | 3.3x | 25.10% | ★★★★★☆ |
| Russel Metals | 10.6x | 0.5x | 49.23% | ★★★★★☆ |
| Obsidian Energy | 6.5x | 1.0x | 48.60% | ★★★★★☆ |
| Primaris Real Estate Investment Trust | 10.8x | 2.9x | 46.28% | ★★★★★☆ |
| Bragg Gaming Group | NA | 1.2x | 18.08% | ★★★★★☆ |
| Trican Well Service | 8.0x | 1.0x | 8.04% | ★★★★☆☆ |
| Information Services | 23.5x | 2.1x | -63.31% | ★★★★☆☆ |
| Hemisphere Energy | 6.8x | 2.5x | 13.53% | ★★★☆☆☆ |
| Sagicor Financial | 1.2x | 0.4x | -75.19% | ★★★☆☆☆ |
Let's review some notable picks from our screened stocks.
Black Diamond Group
Simply Wall St Value Rating: ★★★☆☆☆
Overview: Black Diamond Group provides workforce and modular space solutions, with a market cap of approximately CA$0.31 billion.
Operations: Black Diamond Group generates revenue primarily from Workforce Solutions and Modular Space Solutions, with recent quarterly revenues reaching CA$389.97 million. The company's gross profit margin has seen a notable increase to 46.04%.
PE: 20.0x
Black Diamond Group, a Canadian small-cap company, recently reported Q2 2024 earnings with sales of C$95.47 million and net income of C$7.5 million, up from C$91.14 million and C$4.57 million respectively the previous year. They declared a third-quarter dividend of C$0.03 per share payable in October 2024 and completed a C$20.45 million asset purchase to expand their Western Canadian Modular Space Solutions market, indicating insider confidence in future growth despite high debt levels from external borrowing sources only.
Centerra Gold
Simply Wall St Value Rating: ★★★☆☆☆
Overview: Centerra Gold is a mining company engaged in the production of gold and molybdenum, with operations including the ?ksüt mine, Mount Milligan mine, and a molybdenum business segment.
Operations: Centerra Gold generates revenue from three main segments: ?ksüt, Molybdenum, and Mount Milligan. The company has experienced fluctuations in its net income margin, with recent periods showing negative margins such as -0.34708% in Q2 2023 and -0.18956% in Q3 2023. Gross profit margins have also varied, reaching a low of 14.42% in Q1 2023 and improving to 40.22% by Q1 2024.