The TSX-listed Canadian growth stocks we’ve identified are great business that have seen excessive investor selling recently
SmallCapPower | March 21, 2022: A growth stock is any share in a company that is anticipated to grow at a rate significantly above the average growth for the market because they are expected to growth sales faster than the market. It is not uncommon for growth stocks to trade at high valuations, but they may actually be cheap if the company grows rapidly, which will drive the share price up. Today we have discovered three Canadian growth stocks that appear too cheap to ignore.
*Share price data and other metrics as of March 18, 2022
FirstService Corp (TSX:FSV) – $178.58
FirstService operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high- medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America. The Company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada. FirstService Corporation’s compelling track record of financial performance includes: – Highly predictable and recurring contractual revenue; – Strong free cash flow with modest capital expenditures; – Conservative balance sheet; – Consistent dividend increases; and – Future growth target of 10%+ compounded annual revenue growth. FirstService generates US$2.4 billion in annual revenues and has approximately 24,000 employees across North America.
- Market Cap: $7,911.4M
- 7-Day Return: +3.7%
- 30-Day Return: +2.8%
- 30-Day Average Trading Volume: 141,577
WELL Health Technologies Corp. (TSX:WELL) – $4.62
Healthcare – Clinics
WELL Health Technologies is the owner and operator of a portfolio of Primary clinics delivering healthcare-related services. It operates through the following segments: Clinical services, Digital services, and others. It also engages in the Electronic Medical Records business that supports the digitization of clinics. Its objective is to empower doctors to provide the best and most advanced care possible leveraging the latest trends in digital health.
- Market Cap: $1,020.2M
- 7-Day Return: +6.5%
- 30-Day Return: +16.4%
- 30-Day Average Trading Volume: 804,829
Galaxy Digital Holdings Ltd. (TSX:GLXY) – $16.18
Galaxy Digital is a technology-driven financial services and investment management firm that provides institutions and direct clients with a full suite of financial solutions spanning the digital assets ecosystem. Galaxy Digital operates five synergistic business lines: Trading, Asset Management, Principal Investments, Investment Banking, and Mining. Galaxy Digital’s CEO and Founder is Mike Novogratz. The Company is headquartered in New York City, with offices in Chicago, San Francisco, London, Amsterdam, Tokyo, Hong Kong, the Cayman Islands, and New Jersey.
- Market Cap: $6,575.2M
- 7-Day Return: +23.0%
- 30-Day Return: +31.6%
- 30-Day Average Trading Volume: 659,496
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