Premium Income: Top 10 Undervalued Financial Services Sector Stocks on TSX (PIC-A)
Premium Income is now ranked among the top 10 undervalued stocks in the Financial Services sector on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| CRWN | Crown Cap Partners | 1.06 | 3.02 | 1.96 (184.9%) | 440 | 5.9 | 0.0 | 0.0 |
| CHW | Chesswood Group | 0.90 | 1.82 | 0.92 (101.9%) | 16.6 | 4.4 | 0.0 | |
| PIC-A | Premium Income | 6.58 | 11.20 | 4.62 (70.2%) | 61996 | 106.5 | 18.4 | 0.0 |
| FTU | US Financial 15 Split | 0.55 | 0.90 | 0.35 (63.0%) | 1217 | 1.0 | 0.0 | 0.0 |
| MKZ-UN | Mackenzie Master | 0.45 | 0.71 | 0.26 (57.8%) | 6965 | 2.8 | 18.2 | 5.6 |
| SFC | Sagicor Financial | 6.05 | 7.78 | 1.73 (28.6%) | 47546 | 854.3 | 5.3 | 1.3 |
| PGIC | Premium Global Income | 7.16 | 8.88 | 1.72 (24.0%) | 3579 | 2.0 | 4.5 | 0.0 |
| CXI | Currency Exchange Intl | 24.60 | 29.77 | 5.17 (21.0%) | 3015 | 164.6 | 0.0 | 15.5 |
| FFN | North American Finl 15 | 7.06 | 8.47 | 1.41 (20.0%) | 453734 | 369.0 | 14.4 | 2.5 |
| RCG | RF Capital Gr | 7.93 | 9.02 | 1.09 (13.7%) | 11249 | 124.9 | 0.0 | 0.0 |
All data provided as of November 11, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Premium Income
Premium Income Corp is a mutual fund corporation. The investment objective is to provide Preferred shareholders with cumulative preferential quarterly cash distributions to provide Class A shareholders with quarterly cash distributions and return the original issue price to holders of both Preferred shares and Class A shares upon windup of the Fund.
Premium Income is listed under PIC-A on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
