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Highlights
- Constellation (TSX:CSU) expanded its revenue by 22 per cent year-over-year in Q1 2022
- CSU stock zoomed by roughly 1982 per cent in the last 10 years
- MG stock delivered a return of over 263 per cent during this time
The Canadian benchmark index has plummeted by over nine per cent this year as factors like inflation, interest rates, recession etc., continue to hit equity markets. Though falling stock prices could cause discomfort, some investors with a long-term view and sturdy risk appetite can look at TSX value stocks like Constellation Software (TSX: CSU) and Magna International (TSX: MG) in the hopes of capital gains in future.
Let's discuss these two TSX value stocks in detail.
Constellation Software Inc (TSX:CSU)
Constellation expanded its revenue by 22 per cent year-over-year (YoY) to C$ 550 million in Q1 2022. The technology company also said its net profit increased to US$ 98 million during the latest quarter, higher than a net loss of US$ 9 million in the first quarter of 2021.
Stocks of Converge Technology clocked a 52-week low of C$ 1,793.925 on Tuesday, June 17. On a year-to-date (YTD) basis, CTS stock posted a loss exceeding 17 per cent in value. According to the EODHD/Others data, CTS held a Relative Strength Index (RSI) of 53.13 (moderate) on June 29.
Magna International Inc (TSX:MG)
The Canadian automotive supplier reported a five per cent decline in sales to US$ 9.64 billion in the latest quarter compared to US$ 10.17 billion a year earlier.
The large-cap vehicles and parts company opened a new facility in Kechnec, Slovakia, in April this year in order to expand its advanced driver-assistance solutions (ADAS) and electrification footprints to support European automobile manufacturers and new players.
Stocks of Magna International plunged by almost 37 per cent in 12 months. On June 16, MG stock hit a 52-week low of C$ 69.77. As per EODHD/Others findings, MG seems to be on a consolidated trend since March, with an RSI value of 41.22 on June 29.
Bottomline
Investors could explore Constellation Software and Magna International for a long-term investment plan. If we look at their stock price performance over the last 10 years, CSU stock was up by roughly 1982 per cent, while MG stock swelled by over 263 per cent during this period. Investors aiming for dividend income could also explore these stocks for their portfolio income.
Please note, the above content constitutes a very preliminary observation based on the industry, and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
