Indigo Books & Music: Top 10 Undervalued Nano Cap Stocks on TSX (IDG)
Indigo Books & Music is now ranked among the top 10 nano cap stocks on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
- Nano caps total market capitalization (<50M)
Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| GMTN | Gold Mountain Mining | 0.01 | 0.06 | 0.04 (296.1%) | 458256 | 1.3 | 0.0 | 0.0 |
| IVQ-U | Invesque | 0.23 | 0.79 | 0.56 (245.5%) | 2531 | 16.0 | 0.0 | 0.0 |
| IVQ | Invesque | 0.34 | 1.03 | 0.70 (207.9%) | 5011 | 23.3 | 0.0 | 0.0 |
| SGLD | Sabre Gold Mines | 0.10 | 0.32 | 0.21 (203.5%) | 31831 | 7.5 | 0.0 | 0.0 |
| EGLX | Enthusiast Gaming Hldgs | 0.21 | 0.63 | 0.42 (194.6%) | 240586 | 33.2 | 0.0 | 0.0 |
| EXN | Excellon Resources | 0.09 | 0.22 | 0.13 (157.3%) | 73551 | 3.6 | 0.0 | 0.0 |
| CWEB | Charlottes Web Holdings | 0.26 | 0.63 | 0.37 (145.8%) | 41051 | 39.0 | 0.0 | 0.0 |
| LPEN | Loop Energy | 0.15 | 0.36 | 0.21 (139.8%) | 55340 | 5.2 | 0.0 | 0.0 |
| AEG | Aegis Brands | 0.26 | 0.58 | 0.32 (124.4%) | 22276 | 22.2 | 0.0 | 0.0 |
| IDG | Indigo Books & Music | 1.53 | 3.40 | 1.87 (122.2%) | 10675 | 42.9 | 0.0 | 0.0 |
All data provided as of January 27, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Indigo Books & Music
Indigo Books & Music Inc is a Canada-based book, gift, and toy retailer. It operates a chain of retail bookstores across all Canada, including approximately 87 superstores under Indigo and Chapters banners names as well as over 80 small format stores under the banners Coles, Indigospirit, SmithBooks, and The Book company. Its digital platforms sell expanded selection of books, gifts, toys, and paper products.
Indigo Books & Music is listed under IDG on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
