Goodfood Market: Top 10 Undervalued Nano Cap Stocks on TSX (FOOD)
Goodfood Market is now ranked among the top 10 nano 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)
- Nano caps total market capitalization (<50M)
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 |
|---|---|---|---|---|---|---|---|---|
| GMTN | Gold Mountain Mining | 0.03 | 0.12 | 0.09 (301.7%) | 51739 | 6.4 | 0.0 | 0.0 |
| CFF | Conifex Timber | 0.29 | 0.92 | 0.62 (211.2%) | 41298 | 12.2 | 0.0 | 0.0 |
| IVQ-U | Invesque | 0.20 | 0.63 | 0.42 (205.8%) | 942 | 11.6 | 0.0 | 0.0 |
| IVQ | Invesque | 0.26 | 0.74 | 0.48 (185.5%) | 6502 | 14.7 | 0.0 | 0.0 |
| TMD | Titan Medical | 0.05 | 0.13 | 0.08 (167.5%) | 29641 | 5.7 | 0.0 | 0.5 |
| VPH | Valeo Pharma | 0.07 | 0.18 | 0.10 (134.7%) | 23768 | 7.4 | 0.0 | 0.0 |
| AXIS | Axis Auto Fin | 0.03 | 0.06 | 0.03 (132.5%) | 15278 | 3.0 | 0.0 | 0.0 |
| NVO | Novo Resources | 0.09 | 0.21 | 0.12 (128.4%) | 178138 | 31.7 | 0.0 | 0.0 |
| DN | Delta 9 Cannabis | 0.01 | 0.02 | 0.01 (108.3%) | 181285 | 2.3 | 0.0 | 0.0 |
| FOOD | Goodfood Market | 0.28 | 0.57 | 0.29 (105.4%) | 29603 | 21.9 | 0.0 | 0.0 |
All data provided as of August 11, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Goodfood Market
Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead.
Goodfood Market is listed under FOOD 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.
