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Highlights
- Calfrac's revenue amounted to C$ 438.33 million in Q3 2022, up 67 per cent YoY.
- Aimia is a holding firm that focuses on taking controlling or minority holdings in public and private enterprises.
- Aimia also announced that it increased its share buyback target to up to C$ 100 million.
Value stocks are companies whose current market price does not reflect their true intrinsic value. These stocks typically have a low price-to-earnings ratio (P/E ratio) and are often in industries that are out of favor or experiencing temporary setbacks.
In this article, we look at two value stocks trading on the Toronto Stock Exchange (TSX) and see how they've fared in the recent past.
Calfrac Well Services Ltd. (TSX:CFW)
Calfrac Well Services Ltd. serves the oil and natural gas sectors in Canada, the United States, Russia, and Argentina. The company offers specialist oilfield services.
Calfrac's revenue amounted to C$ 438.33 million in Q3 2022, representing a significant surge of 67 per cent year-over-year (YoY) or up from C$ 262.86 million in Q3 2021.
The company noted a massive increase in its adjusted EBITDA, climbing to C$ 91.32 million from C$ 29.75 million. CFW is a small-cap stock, and at the time of writing its market cap was C$ 386.8 million, and its price-to-earnings ratio was 0.1.
From a 52-week high of C$ 7.9 per share, the CFW stock closed at C$ 4.79 apiece on March 14. Notably, the 52-week low of the stock was C$ 4.08 as of writing.
Aimia Inc. (TSX:AIM)
Aimia Inc. is a holding firm that focuses on taking controlling or minority holdings in public and private enterprises for the long term.
On March 6, the company announced that it would acquire Giovanni Bozzetto S.p.A for C$ 328 million. Bozzetto is a speciality chemical manufacturer, producing over 2,000 unique compounds for its primary end markets of textiles, water solutions, and dispersion.
Aimia also announced that it increased its share buyback target to up to C$ 100 million.
In Q3 2022, Aimia's income was C$ 533.9 million compared to C$ 7 million in Q3 2021. Also, the net earnings amounted to C$ 517.5 million, up from C$ 3.5 million in the same comparable period.
The company has a market cap of C$ 297.9 million and trades at a P/E of 0.7 as on 14 March 2023.
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.
