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Transalta Corp(TA-T)
TSX

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TransAlta: Top 10 Undervalued Mid Cap Stocks on TSX (TA)

AI-generated - The Globe and Mail - Fri Dec 22, 2023

TransAlta is now ranked among the top 10 mid 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)
  • Mid caps total market capitalization (2-10B)

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.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
TIXTTELUS Intl11.2023.3912.19 (108.8%)2716093091.20.044.3
FMFirst Quantum Minerals10.3721.0910.72 (103.3%)35620357195.92.09.0
AKEAllkem8.9115.876.96 (78.1%)413895710.50.09.6
LSPDLightspeed Commerce25.2839.4514.17 (56.0%)6758163879.90.00.0
TATransAlta10.7515.504.75 (44.2%)7857282827.32.05.1
VETVermilion Energy16.6723.697.02 (42.1%)7976872773.82.32.9
BEPCBrookfield Renewable37.9452.4714.53 (38.3%)2659116816.04.73.3
BHCBausch Health Companies9.6913.283.59 (37.0%)2516273540.70.00.0
CLSCelestica38.3651.5613.20 (34.4%)4764204587.90.017.6
AQNAlgonquin Power8.4611.002.54 (30.0%)32222655824.18.00.0

All data provided as of December 23, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.

TransAlta

TransAlta is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia consisting of hydro, wind, solar, battery storage, gas and energy transition facilities. The majority of the company's revenues are derived from the sale of generation capacity, electricity, thermal energy, environmental attributes, and byproducts of power generation.

TransAlta is listed under TA 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.

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