Magnetic North Acq: Top 10 Undervalued Capital Markets Industry Stocks (MNC)
Magnetic North Acq is now ranked among the top 10 undervalued stocks in the Capital Markets 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)
Capital Markets: Large, major investment houses offering investment banking, merchant banking, underwriting, brokerage, research, advisory, and trading services to broad-based national and international markets.
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 |
|---|---|---|---|---|---|---|---|---|
| DELX | Delphx Cap Markets | 0.20 | 0.34 | 0.14 (69.5%) | 58191 | 28.5 | 0.0 | 0.0 |
| BKMT | Blockmint Techs | 0.04 | 0.05 | 0.02 (46.4%) | 3453 | 1.7 | 0.0 | 0.0 |
| CBIT | Cathedra Bitcoin | 0.12 | 0.16 | 0.04 (37.9%) | 295809 | 14.5 | 0.0 | 0.0 |
| DMGI | DMG Blockchain Solutions | 0.37 | 0.48 | 0.11 (28.8%) | 361719 | 62.0 | 0.0 | 0.0 |
| SATO | SATO Technologies | 0.55 | 0.68 | 0.13 (22.9%) | 19475 | 39.9 | 0.0 | 0.0 |
| CXI | Currency Exchange Intl | 20.57 | 24.68 | 4.11 (20.0%) | 4356 | 138.6 | 0.0 | 8.2 |
| CSTR | CryptoStar | 0.03 | 0.03 | 0.00 (13.8%) | 226355 | 12.9 | 0.0 | 0.0 |
| BITF | Bitfarms | 1.57 | 1.76 | 0.19 (12.3%) | 1815756 | 430.0 | 0.0 | 0.0 |
| CF | Canaccord Genuity Gr | 6.91 | 7.53 | 0.62 (9.0%) | 107236 | 646.0 | 4.9 | 0.0 |
| MNC | Magnetic North Acq | 0.04 | 0.04 | 0.00 (4.8%) | 29803 | 2.1 | 0.0 | 0.0 |
All data provided as of November 22, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Magnetic North Acq
Magnetic North Acquisition Corp operates as a merchant bank providing capital, management and board representation to small to mid-capitalization private companies. Its industry focus for investments include clean power technology, special situations, and consumer products, oilfield services, manufacturing and technology inclusive of software and hardware. The company is focused on creating shareholder value by providing strategic and financial advice and services to companies.
Magnetic North Acq is listed under MNC 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.
