A company’s ‘book value’ is most easily described as its liquidation amount if all the assets are sold off and all the liabilities are immediately paid. This can be an arbitrage opportunity for investors, however the assets may not be worth as much as the company thinks. That being said, the stocks on our list today are trading at a discount to its book value.
Transat AT Inc. (TSX: TRZ) – $6.30
Leisure & Recreation
TRANSAT AT Inc. is a Canada-based integrated tour operator that specializes in holiday travel and offers 60 destination countries. The Company owns an air carrier and provides destination services. Its key markets are sun destinations in Mexico, the Caribbean and Florida. It offers all-inclusive packages, tours or cruises year-round, but primarily in the winter months with departures from Canada.
- Market Cap: $244,976,161
- Revenue (LTM): $3,571,856,000
- P/B: 0.5x
- Total Assets (LFQ): $1,652,470,000
Related: 5 Small Caps with Increasing Earnings, Dividends >>
HNZ Group Inc. (TSX: HNZ.A) – $11.08
Airlines
HNZ Group Inc. is an international provider of helicopter transportation and related support services with operations in Canada, Australia, New Zealand, Antarctica and Southeast Asia. The Company operates in excess of 120 helicopters in support of a range of multinational companies and government agencies, including onshore and offshore oil and gas, mineral exploration, military support, hydro and utilities, forest management, construction, air ambulance and search and rescue.
- Market Cap: $144,403,911
- Revenue (LTM): $181,969,610
- P/B: 0.6x
- Total Assets (LFQ): $305,584,600
Liquor Stores NA Ltd. (TSX: LIQ) – $8.59
Food Retail & Distribution
Liquor Stores N.A. Ltd. is a Canada-based company engaged in retailing of wines, beers and spirits. The Company operates through two segments: Canadian Operations and US Operations. As of December 31, 2014, it operated 243 retail liquor stores, of which 172 were in Alberta, 35 were in British Columbia, 23 were in Alaska and 13 were in Kentucky.
- Market Cap: $238,918,810
- Revenue (LTM): $728,940,000
- P/B: 0.7x
- Total Assets (LFQ): $562,400,000
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Dorel Industries Inc. (TSX: DII.B) – $30.76
Home Furnishings
Dorel Industries Inc. (Dorel) is a Canada-based global consumer products company. The Company designs, manufactures or sources, markets and distributes a portfolio of product brands. Dorel markets its products in the United States, Canada, Europe and Latin America.
- Market Cap: $978,943,797
- Revenue (LTM): $3,398,820,593
- P/B: 0.7x
- Total Assets (LFQ): $3,242,938,982
Rona Inc. (TSX: RON) – $13.18
Home Improvement Products & Services Retailers
Rona Inc. (RONA) is a Canada-based retailer and distributor of hardware, building materials and home renovation products. It operates a network of corporate, franchise and affiliate stores under several different banners and in a number of complementary formats. The Company operates business through two operating segments, which include distribution and retail.
- Market Cap: $1,409,001,323
- Revenue (LTM): $4,169,720,000
- P/B: 0.9x
- Total Assets (LFQ): $2,487,243,000
