Today we have shortlisted 15 Canadian stocks across sectors that have reported high interest coverage ratios (i.e., EBIT/Interest payment, signifying company’s ability to service its debt from its operating income) for fiscal year 2013, signalling low default risk. Moreover, these stocks are also expected to report strong ROE estimates (>15%) for fiscal year 2014.During past one month some of these stocks have registered price gains with daily average trading volumes in excess of 100,000.
| Company Name |
Ticker |
Exchange |
Sector |
Market Cap |
Last Price |
Average Volume |
Price Change (1-Month) |
Interest Coverage Ratio (Times) |
ROE 2014(E) |
|
Jean Coutu Group PJC Inc/The |
PJC/A |
TSX |
Consumer Staples |
4,830.8 |
25.87 |
223,664 |
7.6% |
755.0 |
23.7% |
|
Labrador Iron Ore Royalty Corp |
LIF |
TSX |
Basic Materials |
1,244.8 |
19.45 |
594,584 |
-11.3% |
280.1 |
18.3% |
|
Raging River Exploration Inc |
RRX |
TSX |
Energy |
1,349.8 |
7.49 |
1,285,669 |
-12.2% |
57.2 |
25.5% |
|
Sandvine Corp |
SVC |
TSX |
Technology |
436.4 |
2.90 |
650,897 |
1.4% |
54.9 |
15.5% |
|
Badger Daylighting Ltd |
BAD |
TSX |
Industrial |
1,027.3 |
27.74 |
159,789 |
2.2% |
36.3 |
27.7% |
|
Freehold Royalties Ltd |
FRU |
TSX |
Energy |
1,532.3 |
20.69 |
275,163 |
-9.1% |
31.5 |
20.1% |
|
Stantec Inc |
STN |
TSX |
Consumer Discretionary |
3,329.0 |
70.99 |
102,027 |
-2.1% |
23.5 |
16.9% |
|
Lucara Diamond Corp |
LUC |
TSX |
Basic Materials |
864.1 |
2.28 |
378,733 |
7.5% |
23.1 |
42.3% |
|
ShawCor Ltd |
SCL |
TSX |
Energy |
3,202.5 |
49.66 |
224,173 |
-8.5% |
19.5 |
21.0% |
|
Petroamerica Oil Corp |
PTA |
TSXV |
Energy |
244.1 |
0.28 |
2,696,027 |
1.8% |
18.3 |
16.0% |
|
Parex Resources Inc |
PXT |
TSX |
Energy |
1,350.6 |
10.06 |
679,243 |
-12.9% |
14.9 |
15.0% |
|
Transcontinental Inc |
TCL/A |
TSX |
Consumer Discretionary |
1,220.2 |
15.71 |
123,970 |
8.9% |
12.1 |
16.4% |
|
Intertape Polymer Group Inc |
ITP |
TSX |
Industrial |
1,000.0 |
16.55 |
155,517 |
5.3% |
11.0 |
20.9% |
|
Black Diamond Group Ltd |
BDI |
TSX |
Financial |
804.8 |
18.74 |
244,377 |
-22.0% |
11.0 |
15.5% |
|
Great Prairie Energy Services Inc |
GPE |
TSXV |
Financial |
35.5 |
0.30 |
142,863 |
-23.1% |
10.9 |
22.8% |
Source: Bloomberg
Company Description
Jean Coutu Group PJC Inc/The (TSX: PJC/A)
The Jean Coutu Group (PJC) Inc. distributes and retails pharmaceutical and parapharmaceutical products in North America. The company operates PJC clinics and drugstores, primarily in the New England states in the United States.
Labrador Iron Ore Royalty Corp (TSX: LIF)
Labrador Iron Ore Royalty Corp is an unincorporated open-ended trust. The company, through its subsidiaries, holds an overriding royalty on all iron ore products produced, sold, delivered, and shipped by Iron Ore Company of Canada.
Raging River Exploration Inc (TSX: RRX)
Raging River Exploration Inc. is an oil and gas exploration company. The company is focused on unconventional viking light oil play of the Dodsland area in western Saskatchewan.
Sandvine Corp (TSX: SVC)
Sandvine Corporation develops and markets broadband network management tools for broadband Internet services providers.
Badger Daylighting Ltd (TSX: BAD)
Badger Daylighting Ltd. provides non-destructive excavating services. The company works for contractors and facility owners in the utility, transportation, industrial, engineering, construction and petroleum industries.
Freehold Royalties Ltd (TSX: FRU)
Freehold Royalties Ltd. produces oil, natural gas, natural gas liquids and potash. The company operates in western Canada and Ontario.
Stantec Inc (TSX: STN)
Stantec Inc. is an engineering, architecture, and related professional services enterprise. The company provides a broad range of consulting, project delivery, design build, and technology capabilities to private and public sector clients, across North America and internationally.
Lucara Diamond Corp (TSX: LUC)
Lucara Diamond Corporation is a diamond mining company. The company owns interests in diamond projects in Lesotho, Africa.
ShawCor Ltd (TSX: SCL)
ShawCor Ltd. is an energy services company focusing on technology-based products and services. The company serves exploration and production, pipeline, petrochemical, and industrial markets around the world. ShawCor operates through its partial interest in Bredero-Shaw, and through its OMSCO, Guardian, Shaw Pipeline Services, Canusa-CPA, DSG-Canusa, and ShawFlex business units.
Petroamerica Oil Corp (TSXV: PTA)
Petroamerica Oil Corp. is an oil and gas exploration and production company. The company owns interests in oil and gas assets in Colombia.
Parex Resources Inc (TSX: PXT)
Parex Resources Inc. is an oil and gas exploration and production company. The company owns interests in Colombia and Trinidad & Tobago.
Transcontinental Inc (TSX: TCL/A)
Transcontinental Inc. is a commercial printer of flyers, direct marketing products, books, newspapers, magazines, catalogs, and directories. The company is also involved in door-to-door distribution of advertising material. Transcontinental has employees in Canada, the United States, and Mexico.
Intertape Polymer Group Inc (TSX: ITP)
Intertape Polymer Group Inc. develops, manufactures, and sells a variety of paper and film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics and complementary packaging systems for industrial and retail use.
Black Diamond Group Ltd (TSX: BDI)
Black Diamond Group Ltd. rents modular structures for use as workforce accommodations and temporary work space. The company provides temporary workspace for urban and industrial customers, the oilfield industry, and customers who work in remote areas.
Great Prairie Energy Services Inc (TSXV: GPE)
Great Prairie Energy Services Inc. is a capital pool company that seeks to acquire an operating company. The company seeks to complete a qualifying transaction with a company in the resources sector.
