VersaBank: Top 10 Undervalued Banks Industry Stocks (VBNK)
VersaBank is now ranked among the top 10 undervalued stocks in the Banks 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)
Banks: ul
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 |
|---|---|---|---|---|---|---|---|---|
| FDI | Findev | 0.36 | 0.48 | 0.12 (34.0%) | 10434 | 10.3 | 8.3 | 7.2 |
| FC | Firm Cap Mortgage Inv | 9.80 | 11.10 | 1.30 (13.2%) | 27430 | 406.1 | 9.6 | 10.2 |
| LB | Laurentian Bank of Canada | 25.81 | 28.88 | 3.07 (11.9%) | 190211 | 1123.7 | 7.2 | 5.8 |
| AI | Atrium Mortgage | 10.32 | 11.28 | 0.96 (9.3%) | 35170 | 556.9 | 8.7 | 8.7 |
| BCF | Builders Capital Mortgage | 8.50 | 9.15 | 0.65 (7.6%) | 778 | 27.0 | 9.4 | 8.8 |
| VBNK | VersaBank | 10.50 | 11.30 | 0.80 (7.6%) | 3881 | 272.6 | 0.9 | 7.9 |
| ECN | ECN Capital | 2.35 | 2.45 | 0.10 (4.1%) | 358298 | 577.5 | 1.7 | 0.0 |
| TF | Timbercreek Financial | 6.35 | 6.54 | 0.19 (3.0%) | 175663 | 611.3 | 10.9 | 8.1 |
| MKP | MCAN Financial | 15.66 | 16.08 | 0.42 (2.7%) | 13263 | 545.2 | 9.3 | 6.5 |
| DLCG | Dominion Lending Centres | 1.99 | 2.03 | 0.04 (1.9%) | 5304 | 95.1 | 6.0 | 3.8 |
All data provided as of November 08, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
VersaBank
VersaBank is a Canadian Schedule I chartered bank. It is a fully digital financial institution providing a business-to-business model using its proprietary financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins while mitigating risk. It obtains its deposits and provides the majority of its loans and leases electronically, with deposit and lending solutions for financial intermediaries.
VersaBank is listed under VBNK 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.
