SmallCapPower Article The Canadian value stocks on our list are considered inexpensive on a book value and sales multiple basis
SmallCapPower | May 12, 2021: Value stocks are more likely to be found on a 52-week low list but some, on rare occasions, will be making new highs and still be considered inexpensive on a book value and sales multiple basis. Today, we have discovered three Canadian value stocks that have hit new yearly highs recently but aren’t considered pricey.
*Share prices and other metrics as of May 11, 2021
Magna International Inc. (TSX:MG) – $113.02
Magna International is one of the world’s largest supplier of automotive components. Its global network includes 347 manufacturing operations and 84 product development, engineering and sales centres spanning 28 countries. The Company has formed a joint venture with LG Electronics to create more electronic components for electric vehicles. Despite surging more than 128% over the past year, Magna stock trades at 2.4 times book value and 0.8 times sales.
- Year-to-date return: 26%
