Canadian Undiscovered Gems to Watch in August 2024

2 min read | August 09, 2024 11:00 AM EDT | By Team Kalkine Media

Google News:

Canadian Undiscovered Gems to Watch in August 2024

Recent News

Canadian Stocks With Valuation Gaps Gain Market Spotlight Today

Americas Gold Silver Gains Spotlight After Major Settlement Move

Enghouse Systems Market Mood Shifts Despite Dividend Confidence Signal

Altius Minerals Draws Attention Following Major Royalty Expansion

Make Kalkine Media
My Trusted Source

1. Lassonde Industries Inc.

Overview: Lassonde Industries Inc. has a market capitalization of CA$1.06 billion. The company specializes in developing, manufacturing, and marketing ready-to-drink beverages, fruit-based snacks, and frozen juice concentrates across Canada, the United States, and internationally.
Operations: With a primary revenue stream of CA$2.34 billion from non-alcoholic beverages, Lassonde Industries has demonstrated significant growth. Over the past year, earnings surged by 67.7%, far surpassing the 16.7% growth seen in the Food industry. The company’s net debt to equity ratio has improved to 16.8% from 48.3% five years ago, highlighting effective financial management. Recent developments include a CA$53 million investment in a new manufacturing and distribution facility in North Carolina, which enhances production capacity and sustainability, and creates 30 new full-time positions.

2. Richards Packaging Income Fund

Overview: Richards Packaging Income Fund, with a market cap of CA$348.92 million, designs, manufactures, and distributes packaging containers and healthcare products in North America.
Operations: Generating CA$415.52 million in revenue from its wholesale segment, Richards Packaging Income Fund has shown resilience despite industry challenges. Earnings growth for the year stands at -6.7%, outperforming the packaging industry's average decline of -13%. Currently trading at 51.6% below its estimated fair value, the fund presents potential for value-seeking stakeholders. The net debt to equity ratio is at a manageable 8.1%, down from 53.8% over five years. Recent earnings reported net income of CA$11.8 million for Q2, up from CA$10.91 million the previous year, and consistent monthly dividend payouts of CA$0.11 per unit.

3. Westshore Terminals Investment Corporation

Overview: Westshore Terminals Investment Corporation operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia, and has a market cap of CA$1.40 billion.
Operations: The company’s revenue mainly comes from coal storage and terminal services, with a net profit margin of 25%. For Q2 2024, Westshore Terminals generated CA$105.62 million in revenue, up from CA$93.02 million the previous year. Net income for the quarter was CA$34.61 million compared to CA$28.14 million last year, with earnings per share increasing to CA$0.56 from CA$0.45. The company maintains a debt-free status and has a price-to-earnings ratio of 13.6x, slightly below the Canadian market average of 13.7x.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.