Undervalued Steel Stocks on TSE September 2024

September 08, 2024

Steel

Steel companies produce steel plates, steel sheets, bar and rod materials, structural steel, steel pipes and tubes and stainless steel, or produce coking coal.

Toronto Stock Exchange

The Toronto Stock Exchange (TSE) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization.

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 Steel stocks

Stocks in this category are traded through the commodity cycles primarily for capital appreciation. Large cap stocks in this space are also held for income.

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
CIA Champion Iron 4.87 5.39 10.73 410864 2571 4.11 8.7
STLC Stelco Holdings 64.12 68.18 6.34 243403 3518 3.38 20.4
All data provided as at market close September 05, 2024.

Company Details

Champion Iron

CIA:TSX

Close Price

4.87

Our Valuation

5.39

% Difference

10.73

Market Cap ($M)

2571

P/E Ratio

8.7

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others. Its segment includes Iron Ore Concentrate; Exploration and Evaluation and Corporate. The company generates the maximum of its revenue from the Iron Ore Concentrate segment.

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Stelco Holdings

STLC:TSX

Close Price

64.12

Our Valuation

68.18

% Difference

6.34

Market Cap ($M)

3518

P/E Ratio

20.4

Stelco Holdings Inc is a steel company. It is engaged in the production and selling of steel products for customers in the steel service center, appliance, automotive, energy, construction, pipe, and tube industries in North America. The company's product offering includes Stelco Hot Roll Products, Hot Roll Automotive, Stelmax 80, Stelmax 90, and Stelmax 100. Its products are used in Automotive, Energy, and Construction.

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Champion Iron and Stelco Holdings are the most undervalued Steel stocks on the TSE. See the full list on the blog: https://www.stockcalc.com/Blog/undervalued-steel-stocks-tse-september-2024
Champion Iron $CIA and Stelco Holdings $STLC are the most undervalued Steel stocks on the #TSE. See the full list: https://www.stockcalc.com/Blog/undervalued-steel-stocks-tse-september-2024
Champion Iron and Stelco Holdings are the most undervalued Steel stocks on the TSE. See the full list on the blog: https://www.stockcalc.com/Blog/undervalued-steel-stocks-tse-september-2024

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