Undervalued Bank Stocks on TSX September 2024

September 15, 2024

Banks

Banks include global, diverse financial institutions serving the corporate and consumer needs of retail banking, investment banking, trust management, credit cards and mortgage banking.

TSX Venture Exchange

The TSX Venture Exchange is a stock exchange headquartered in Calgary, Alberta, Canada. It is an exchange for the securities of early-stage businesses.

Our Valuation

A stock is considered undervalued if it trades at a discount to our valuation. To determine a stock’s intrinsic value, we developed an algorithm that uses 6 valuation models to determine the value of a company.* To learn more about stockcalc’s valuation methods, click here.

Undervalued Banks stocks

Stocks in this category are held primarily for potential income and capital appreciation.

For an in-depth look at the fundamentals and valuation of each company, try the stockcalc platform free for 30 days.

SymbolNameClose Price ($)Valuation ($)Difference (%)Average Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
FDI Findev 0.41 0.45 10.73 8121 12 7.32 5.9
BCF Builders Capital Mortgage 8.95 9.42 5.23 1133 28 8.94 8.6
All data provided as at market close September 12, 2024.

Company Details

Findev

FDI:TSX-V

Close Price

0.41

Our Valuation

0.45

% Difference

10.73

Market Cap ($M)

12

P/E Ratio

5.9

Findev Inc is a real estate financing company that lends money to real estate projects that are identified as uniquely positioned to generate above-average returns in a two to three-year timeframe. It focuses on lending to residential and retail development projects within the Greater Toronto Area. It focuses on real estate projects that include condominiums, purpose-built rentals, townhouses, low-rise/subdivisions, and retail developments.

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Builders Capital Mortgage

BCF:TSX-V

Close Price

8.95

Our Valuation

9.42

% Difference

5.23

Market Cap ($M)

28

P/E Ratio

8.6

Builders Capital Mortgage Corp is a mortgage lender providing short‐term course-of-construction financing to builders of residential, wood-frame properties in Western Canada. Its investment objective is to generate attractive returns, relative to risk, in order to provide stable and consistent distributions to shareholders while remaining focused on capital preservation and satisfying the criteria mandated for mortgage investment corporations (MIC).

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Findev and Builders Capital Mortgage are the most undervalued Banks stocks on the TSX. See the full list on the blog: https://www.stockcalc.com/Blog/undervalued-bank-stocks-tsx-september-2024
Findev $FDI and Builders Capital Mortgage $BCF are the most undervalued Banks stocks on the #TSX. See the full list: https://www.stockcalc.com/Blog/undervalued-bank-stocks-tsx-september-2024
Findev and Builders Capital Mortgage are the most undervalued Banks stocks on the TSX. See the full list on the blog: https://www.stockcalc.com/Blog/undervalued-bank-stocks-tsx-september-2024

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