Comet Industries is now ranked among the top 10 undervalued stocks in the Real Estate industry on the Toronto Stock Exchange or TSX Venture 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)
Real Estate: Companies that develop real estate and same properties held as inventory, or sold to others after development, with no specific portfolio composition.
Stocks in this category are held primarily for capital appreciation.
Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
---|
IVQ-U | Invesque | 0.34 | 0.73 | 0.39 (115.3%) | 1879 | 23.7 | 0.0 | 0.0 |
TRBE | Tribe Property Tech | 0.50 | 0.78 | 0.28 (55.6%) | 11118 | 10.6 | 0.0 | 0.0 |
IVQ | Invesque | 0.50 | 0.73 | 0.23 (46.4%) | 8094 | 34.8 | 0.0 | 0.0 |
NXLV | NexLiving Communities | 2.06 | 2.83 | 0.77 (37.2%) | 4004 | 34.5 | 1.9 | 6.9 |
CMU | Comet Industries | 4.10 | 5.38 | 1.28 (31.1%) | 60 | 19.1 | 0.0 | 2.0 |
YAK | Mongolia Growth Group | 1.38 | 1.69 | 0.31 (22.1%) | 30681 | 47.5 | 0.0 | 4.2 |
RPP | Regent Pacific Properties | 0.01 | 0.02 | 0.00 (21.6%) | 300 | 0.6 | 0.0 | 0.0 |
BEK-B | Becker Milk Co | 12.18 | 14.80 | 2.62 (21.5%) | 1088 | 22.0 | 6.6 | 26.5 |
MRD | Melcor Developments | 11.54 | 14.00 | 2.46 (21.3%) | 6477 | 354.6 | 5.5 | 4.1 |
MRC | Morguard | 112.24 | 135.00 | 22.76 (20.3%) | 2907 | 1223.8 | 0.4 | 16.5 |
All data provided as of March 01, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Comet Industries
Comet Industries Ltd is an exploration-stage company. Principally, it is engaged in the business of acquiring and holding mineral properties, and holding and managing real properties, in British Columbia. The company owns unimproved land in Kamloops, Terrace, Pender Harbor and a rental property in Vancouver, British Columbia on a freehold basis. Its segment includes Rental, Exploration, and General or administration. The company generates maximum revenue from the Rental segment.
Comet Industries is listed under CMU on the TSX Venture 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.