When investing in a financial-sector stock there are some important metrics to consider. Total equity is one, effectively representing growth in a company’s assets over its liabilities. In terms of valuation, Price to Book measures how much one would have to pay per dollar of equity. If a financial stock trades below book, then it is selling at a lower price than its liquidation value, which could include the companies on our list today.
United Corporations Ltd. (TSX: UNC) – $88.51
Closed End Funds
United Corporations Limited (United) is a Canada-based, closed-end investment company, which acts an investment vehicle for long-term growth through investments in common equities. The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income.
- Market Cap: 1,088,664,761
- Total Equity Growth (over same quarter last year): 18.5%
- Total Net Income Growth (LTM): 4.3%
- P/B: 0.8x
Echelon Financial Holdings Inc. (TSX: EFH) – $14.25
Property & Casualty Insurance
Echelon Financial Holdings Inc., formerly EGI Financial Holdings Inc., is a Canada-based company engaged in property and casualty insurance. The Company operates through four segments: Personal Lines and Specialty Programs businesses in Canada, ICPEI in the Maritime Provinces and the specialty business in the International division.
- Market Cap: $169,225,990
- Total Equity Growth (over same quarter last year): 4.0%
- Total Net Income Growth (LTM): 112.9%
- P/B: 0.9x
Clairvest Group Inc. (TSX: CVG) – $29.25
Investment Management & Fund Operators
Clairvest Group Inc. (Clairvest) is a Canada-based provider of private equity financing to mid-market companies. The Company actively seeks to form mutually beneficial investments with entrepreneurial corporations. Clairvest invests its own capital, and that of third-parties, through Clairvest Equity Partners Limited Partnership, Clairvest Equity Partners III Limited Partnership, Clairvest Equity Partners IV Limited Partnership, Clairvest Equity Partners IV-A Limited Partnership, Clairvest Equity Partners V Limited Partnership and Clairvest Equity Partners V-A Limited Partnership.
- Market Cap: $446,509,894
- Total Equity Growth (over same quarter last year): 10.5%
- Total Net Income Growth (LTM): 14.6%
- P/B: 1.0x
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Killam Properties Inc. (TSX: KMP) – $10.53
Real Estate Development & Operations
Killam Properties Inc. (Killam) is a Canada-based real estate company that specializes in the acquisition, management and development of multi-residential apartment buildings and manufactured home communities (MHCs) in Canada. The Company operates in two segments: apartments and MHCs.
- Market Cap: $668,615,998
- Total Equity Growth (over same quarter last year): 8.7%
- Total Net Income Growth (LTM): 3.0%
- P/B: 1.0x
Canadian Western Bank (TSX: CWB) – $25.35
Banks
Canadian Western Bank (CWB) is a bank offering a range of financial services through more than 40 branch locations in Western Canada. The bank offers Personal banking, business banking and investing services.
- Market Cap: $2,006,814,039
- Total Equity Growth (over same quarter last year): 2.5%
- Total Net Income Growth (LTM): 6.2%
- P/B: 1.2x
Callidus Capital Corp. (TSX: CBL) – $11.29
Corporate Financial Services
Callidus Capital Corporation (Callidus) is a Canada-based company engaged in providing financing solutions for companies that are unable to obtain financing from lending institutions. The Company operates a finance business that provides senior secured asset-based loans and lending services to mid-market companies operating in Canada and the United States.
- Market Cap: $561,001,071
- Total Equity Growth (over same quarter last year): 22.8%
- Total Net Income Growth (LTM): 808.7%
- P/B: 1.2x
