Farmers Edge: Top 10 Undervalued Technology Sector Stocks on TSX (FDGE)
Farmers Edge is now ranked among the top 10 undervalued stocks in the Technology 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 |
|---|---|---|---|---|---|---|---|---|
| LSPK | LifeSpeak | 0.38 | 0.74 | 0.36 (95.6%) | 1790 | 19.3 | 0.0 | 0.0 |
| ADCO | Adcore | 0.21 | 0.42 | 0.20 (94.8%) | 10805 | 13.0 | 0.0 | 0.0 |
| VQS | VIQ Solns | 0.24 | 0.45 | 0.21 (85.1%) | 184699 | 8.5 | 0.0 | 0.0 |
| CTS | Converge Tech Solns | 2.54 | 4.69 | 2.15 (84.8%) | 356835 | 529.2 | 0.8 | 50.8 |
| TC | Tucows | 27.97 | 50.01 | 22.04 (78.8%) | 12540 | 303.1 | 0.0 | 0.0 |
| MOGO | Mogo | 2.02 | 3.02 | 1.00 (49.7%) | 19522 | 50.5 | 0.0 | 0.0 |
| DND | Dye & Durham | 11.63 | 17.20 | 5.57 (47.9%) | 165087 | 720.2 | 0.6 | 0.0 |
| THNC | Thinkific Labs | 2.28 | 3.24 | 0.96 (42.3%) | 49925 | 183.9 | 0.0 | 0.0 |
| ENGH | Enghouse Systems | 32.25 | 39.63 | 7.38 (22.9%) | 52410 | 1782.5 | 2.5 | 21.4 |
| FDGE | Farmers Edge | 0.14 | 0.17 | 0.03 (20.7%) | 10256 | 6.1 | 0.0 | 0.0 |
All data provided as-at market close October 17, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Farmers Edge
Farmers Edge Inc provides digital agriculture services. It has two reportable segments which have digital agronomy operations and e-commerce operations. Digital Agronomy Operations offers growers a comprehensive suite of digital agronomy solutions, sold in five key subscription levels and billed annually per acre. The e-commerce business includes the sale of agricultural products through online marketplaces. The majority of the revenue of firms comes from its digital agronomy operations segment.
Farmers Edge is listed under FDGE 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.
