Canopy Gwth: Top 10 Undervalued Small Cap Stocks on TSX (WEED)
Canopy Gwth 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 |
|---|---|---|---|---|---|---|---|---|
| ORE | Orezone Gold | 0.87 | 1.97 | 1.10 (126.7%) | 117153 | 324.3 | 0.0 | 5.2 |
| IAU | i-80 Gold | 2.00 | 3.99 | 1.99 (99.5%) | 352520 | 574.3 | 0.0 | 0.0 |
| CXB | Calibre Mining | 1.30 | 2.42 | 1.12 (85.8%) | 957330 | 620.7 | 0.0 | 5.1 |
| LAAC | Lithium Americas | 7.75 | 13.34 | 5.59 (72.1%) | 380213 | 1282.8 | 0.0 | 0.0 |
| WEED | Canopy Gwth | 6.11 | 10.10 | 3.99 (65.3%) | 1356794 | 437.7 | 0.0 | 0.0 |
| BLDP | Ballard Power Systems | 4.66 | 7.57 | 2.91 (62.5%) | 619317 | 1392.0 | 0.0 | 0.0 |
| LEV | Lion Electric | 2.39 | 3.86 | 1.47 (61.6%) | 272175 | 527.2 | 0.0 | 0.0 |
| MOZ | Marathon Gold | 0.77 | 1.24 | 0.47 (61.3%) | 1251789 | 309.4 | 0.0 | 0.0 |
| SGR-U | Slate Grocery | 9.16 | 14.62 | 5.46 (59.6%) | 2963 | 553.9 | 9.3 | 22.3 |
| III | Imperial Metals | 2.40 | 3.77 | 1.37 (57.2%) | 13047 | 377.4 | 0.0 | 0.0 |
All data provided as of January 13, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Canopy Gwth
Canopy Growth, headquartered in Smiths Falls, Canada, cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Doja, 7ACRES, Tweed, and Deep Space. Its non-THC products include sports drink BioSteel, skincare products under This Works, Martha Stewart CBD, and Storz & Bickel vaporizers. Canopy growth is attempting to merge its U.S.
Canopy Gwth is listed under WEED 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.
