The Canadian small cap stocks we’ve identified have Return on Equity (ROE) over the LTM that exceeds 40%
SmallCapPower | October 29, 2019: Return on Equity (ROE) is a measure of how effectively management is using a company’s assets to create profits and is calculated by dividing net income by shareholders’ equity. Today we have found four Canadian small cap stocks with ROE over the Last Twelve Months (LTM) that exceeds 40%.
*Share prices at October 25, 2019, data obtained from S&P Capital IQ
SOL Global Investments Corp. (CSE:SOL) – $0.63
Cannabis
SOL Global is a cannabis-focused investment company. Over the last two years, the Company’s cannabis/hemp investments have targeted many different markets throughout the world. These investments have ranged from the U.S., Latin America to Italy.
- Market Cap: $34M
- Return on Equity: 55%
Allied Hotel Properties Inc. (TSXV:AHP) – $0.57
Hotels, Resorts and Cruise Lines
Allied Hotel Properties is a hotel ownership and management group focused in Canada. The Company owns the Toronto Don Valley Hotel and Suites, a full-service hotel located in Toronto. It also has an interest in a residential condominium development project in Toronto. Allied Hotel Properties was founded in 1968 and is based in Vancouver.
- Market Cap: $61M
- Return on Equity: 99%
Wolverine Energy and Infrastructure Inc. (TSXV:WEII) – $0.80
Oil and Gas Equipment and Services
Wolverine Energy provides energy and infrastructure services to the oilfield and mining industries focused in Western Canada and the United States. The Company is involved in the rental and sale of tubular and oilfield equipment, including combination units, recycle units, portable sewage containment, boilers and heat exchangers. Wolverine Energy was founded in 1952 and is headquartered in Nisku, Canada.
- Market Cap: $85M
- Return on Equity: 73%
Olympia Financial Group Inc. (TSX:OLY) – $45.91
Asset Management and Custody Banks
Olympia Financial Group operates as a non-deposit-taking trust company in Canada. The Company operates through Private Health Services Plan, Self-Directed Registered Plans, Foreign Exchange, Corporate and Shareholder Services, and Exempt Edge divisions. Olympia Financial Group Inc. was incorporated in 1994 and is headquartered in Calgary, Canada.
- Market Cap: $111M
- Return on Equity: 65%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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