Kalkine Media - Summary
Investors eye those stocks that can potentially attain higher price levels in the future. Sometimes, the rise in price is anticipated by the investors as the stock has a higher intrinsic value than its value in the market. Such stocks generally fall under the category of value stocks.
- Both value stocks and growth stocks allow investors to invest in companies that may potentially see a price growth in future.
- Propel Holdings, a fin-tech company, reported a revenue hike of 30% to US$ 65.6 million in Q1 2023.
- Evertz Technologies, telecommunication equipment provider, reported a total revenue of CA$ 110.87 million in the January 2023 quarter.
Alternatively, an increase in the price of a stock may also be anticipated in case the company issuing the stock is expected to grow. These stocks, known as growth stocks, are distinguished with value stocks based on these characteristics. Both these types of stocks offer investors unique investing opportunities based on their preferences.
Some key identifiers of value stocks include a P/E ratio lower than the sector-wide average, a P/B ratio lower than the sector-wide average and a high dividend yield. However, investors should thoroughly examine a stock before investing in it.
Here are two interesting TSX-listed stocks that can be interesting to watch.
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Propel Holdings Inc. (TSX: PRL)
Propel Holdings is a fin-tech company that offers credit access to customers through its two major brands: MoneyKey and CreditFresh. The former is engaged in offering credit to US customers, while the latter allows the company to function as a bank servicer for banks in the US.Propel recently reported a revenue hike of 30% to US$ 65.6 million in Q1 2023. The EBITDA (adjusted) for the quarter was US$ 17 million, marking a 75% jump over Q1 2022. Additionally, the net income increased by 91% to US$ 7.4 million in Q1 2023.
Image source: ©2023 Kalkine®; Data source: Company Reports
The fin-tech company paid its shareholders a dividend of CA$ 0.095 per share on March 7, 2023. Propel attained a record ending balance of loans and advances receivables in Q1 2023 of US$ 195.8 billion.
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Evertz Technologies Ltd. (TSX: ET)
Evertz Technologies provides telecommunication equipment and technology solutions to broadcast and new-media industries. The company’s equipment is used across the television industry for production, post-production, and transmission.For the three months ended January 2023, Evertz reported a total revenue of CA$ 110.87 million, as against CA$ 120.56 during Q1 2022. The gross profit during the 2023 quarter was CA$ 65.61 million, compared to CA$ 69.21 million in Q1 2022.
Image source: ©2023 Kalkine®; Data source: Company Reports
The EBIT for the three months ended January 2023 was CA$ 16.91 million. The company pays a quarterly dividend of CA$ 0.19.