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GFL Environmental Inc.(TSX:GFL)
Overview:
GFL Environmental Inc., operating within the waste management and environmental services sector, has a market capitalization of CA$21.43 billion. The company offers non-hazardous solid waste management services across Canada and the United States.
Operational Segments:
GFL Environmental's revenue sources include CA$4.79 billion from Solid Waste operations in the USA, CA$2.16 billion from Solid Waste operations in Canada, and CA$1.67 billion from Environmental Services.
Market Position:
Currently, GFL Environmental's shares are priced at CA$53.31, which is significantly below its estimated fair value of CA$80.37, suggesting a potential undervaluation based on cash flows. Despite facing recent net losses and shareholder dilution, the company has increased its revenue guidance for 2024 to between CA$7.90 billion and CA$7.93 billion. The company anticipates achieving profitability within three years, with an expected annual profit growth rate of 115%. Revenue growth is projected to outpace the Canadian market average.
Goeasy Ltd. (TSX:GSY)
Overview:
Operating in the non-prime lending sector, goeasy Ltd. provides leasing and lending services through its easyhome, easyfinancial, and LendCare brands. The company holds a market cap of CA$3.01 billion.
Revenue Streams:
The company's revenue is divided into CA$154.10 million from Easyhome and CA$1.24 billion from Easyfinancial.
Market Position:
goeasy Ltd. is trading at CA$181, which is considerably below its estimated fair value of CA$361.01. The company has reported substantial earnings growth, with net income rising to CA$65.4 million in Q2 2024 from CA$55.55 million a year prior. Revenue guidance through 2026 suggests potential revenues of up to CA$1.95 billion. However, concerns remain regarding the sustainability of its dividend due to low free cash flow coverage and high debt levels not adequately supported by operating cash flow.
MDA Space Ltd. (TSX:MDA)
Overview:
MDA Space Ltd., operating in the space technology sector, specializes in the design, manufacture, and servicing of space robotics, satellite systems, and intelligence systems. The company has a market capitalization of CA$2.00 billion.
Revenue Segments:
The company's revenue comes from Geointelligence, Robotics & Space Operations, and Satellite Systems, totaling CA$860.80 million.
Market Position:
MDA Space Ltd.'s shares are currently trading at CA$16.65, below the estimated fair value of CA$19.12. Recent expansions include a new satellite production facility in Quebec and a notable contract with SWISSto12 for antenna systems, both expected to contribute to future revenue growth projected at 26.3% annually. Despite a lower projected return on equity of 12.9%, earnings are anticipated to grow at a rate exceeding the Canadian market's average.
