Undervalued Small-Cap Dividend Stocks on TSE May 2024

May 08, 2024

May 2024

Dividend

Dividend Stocks

Stocks in this category have paid a dividend in the last 12 months. Dividend stocks showing a higher valuation than their current close price have both potential upside and ability to sustain or grow their dividend.

Small, Micro and Nano-Cap

Stocks in the Small, Micro and Nano Market Cap groups have a market capitalization of less than $2 billion.

Our Valuation

A stock is considered undervalued if it trades at a discount to our valuation. To determine a stock’s intrinsic value, we developed an algorithm that uses 6 valuation models to determine the value of a company.* To learn more about stockcalc’s valuation methods, click here.

Undervalued Dividend Stocks

Stocks in this category are held primarily for potential income and capital appreciation.

For an in-depth look at the fundamentals and valuation of each company, try the stockcalc platform free for 30 days.

Symbol	Name	Close Price ($)	Valuation ($)	Difference (%)	Average Vol (30D)	Market Cap ($M)	Yield (%)	P/E Ratio
SFC	Sagicor Financial	6.86	8.02	16.98	7864	995	4.51	1.4
SRV.UN	SIR Royalty Income	13.10	13.77	5.15	2459	125	8.70	6.1
DHT.U	DRI Healthcare Trust	11.79	13.85	17.47	1526	526	2.63	5.7
JWEL	Jamieson Wellness	25.88	27.15	4.91	41910	1104	2.86	24.0
FC	Firm Cap Mortgage Inv	10.86	11.25	3.57	22747	446	8.62	11.0
ICE	Canlan Ice Sports	3.86	3.90	1.02	23	51	3.11	128.7
MRD	Melcor Developments	11.59	14.00	20.79	5731	360	5.09	5.7
ACD	Accord Financial	4.42	8.24	86.33	2271	38	3.39	0.0
QTRH	Quarterhill	1.75	1.78	1.69	37025	201	0.71	0.0
RAY.A	Stingray Group	7.69	7.81	1.52	24074	531	3.90	14.5

All data provided as at market close December 30, 2023.

Company Details

Sagicor Financial

SFC:TSX

Close Price

6.86

Our Valuation

8.02

% Difference

16.98

Market Cap ($M)

995

P/E Ratio

1.4

Sagicor Financial Co Ltd is a financial services provider in the Caribbean. The firm offers various products and services, including life, health, and general insurance, annuities, pension administration, banking, and investment management. Sagicor operates through the following segments; Sagicor Jamaica, Sagicor Life USA, Sagicor Canada, and Sagicor Life. Geographically, the firm operates in Jamaica, the United States, Canada, Barbados, Trinidad and Tobago, and other countries in the Caribbean.

Access the stockcalc valuation

SIR Royalty Income

SRV.UN:TSX

Close Price

13.10

Our Valuation

13.77

% Difference

5.15

Market Cap ($M)

125

P/E Ratio

6.1

SIR Royalty Income Fund (The fund) holds an investment in SIR (Service Inspired Restaurant) Corp. The company is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar; and SIR's signature restaurant brands, including Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose.

Access the stockcalc valuation

DRI Healthcare Trust

DHT.U:TSX

Close Price

11.79

Our Valuation

13.85

% Difference

17.47

Market Cap ($M)

526

P/E Ratio

5.7

DRI Healthcare Trust is engaged in pharmaceutical royalty monetization by providing capital to inventors, academic institutions, and biopharma companies. Trust was formed to provide Unitholders with differential exposure to the pharmaceutical and biotechnology industries through ownership and acquisitions of pharmaceutical royalties.

Access the stockcalc valuation

Jamieson Wellness

JWEL:TSX

Close Price

25.88

Our Valuation

27.15

% Difference

4.91

Market Cap ($M)

1104

P/E Ratio

24.0

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, The majority of its revenue is derived from the domestic market.

Access the stockcalc valuation

Access our valuation for these companies and 9,000+ more

Try the stockcalc platform free for 30 days

Firm Cap Mortgage Inv

FC:TSX

Close Price

10.86

Our Valuation

11.25

% Difference

3.57

Market Cap ($M)

446

P/E Ratio

11.0

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments.

Access the stockcalc valuation

Canlan Ice Sports

ICE:TSX

Close Price

3.86

Our Valuation

3.90

% Difference

1.02

Market Cap ($M)

P/E Ratio

128.7

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America. The company has a single operating segment which is an Ice rink and recreational facilities which derive revenue from food and beverage, sports stores, sponsorship, Instructional sports programs, space rental, Management and consulting fees. Geographically it generates the majority of its revenue from Canada.

Access the stockcalc valuation

Melcor Developments

MRD:TSX

Close Price

11.59

Our Valuation

14.00

% Difference

20.79

Market Cap ($M)

360

P/E Ratio

5.7

Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses.

Access the stockcalc valuation

Accord Financial

ACD:TSX

Close Price

4.42

Our Valuation

8.24

% Difference

86.33

Market Cap ($M)

P/E Ratio

0.0

Accord Financial Corp is a provider of asset-based financial services to businesses. The company's asset-based financial services include asset-based lending, including factoring, lease financing, working capital financing, credit protection and receivables management, and supply chain financing for importers.

Access the stockcalc valuation

Quarterhill

QTRH:TSX

Close Price

1.75

Our Valuation

1.78

% Difference

1.69

Market Cap ($M)

201

P/E Ratio

0.0

Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. It operates in two segments Licensing, which includes companies that count licensing as their principal business activity, and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets.

Access the stockcalc valuation

Stingray Group

RAY.A:TSX

Close Price

7.69

Our Valuation

7.81

% Difference

1.52

Market Cap ($M)

531

P/E Ratio

14.5

Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely the Broadcasting and commercial music segment and Radio segment.

Access the stockcalc valuation

Access thousands of valuation reports

Try the stockcalc platform for 30 days for unlimited access to our valuation reports

Risk Disclosure: Equities trading and trading of all markets, exchanges and instruments contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View full risk information here.