3 Remarkably Cheap TSX Stocks to Buy Right Now3 Remarkably Cheap TSX Stocks to Buy Right Now Aditya Raghunath
Bombardier stock
Valued at $9.6 billion by market cap, Bombardier (TSX:BBD.B) has returned close to 800% in the last four years. The airline manufacturer reported revenue of $1.3 billion in Q1 of 2024. It delivered 20 aircraft in Q1 and expects to deliver between 150 and 155 aircraft this year.
Bombardier’s adjusted EBITDA (earnings between interest, tax, depreciation, and amortization) of $205 million indicates a margin of 16%, an increase of 140 basis points year over year. The company ended Q1 with a backlog of $14.9 billion, as order intake was 60% higher than the year-ago period.
Analysts tracking the TSX stock expect adjusted earnings to expand from $5.39 per share in 2023 to $9 per share in 2025. Priced at 11 times forward earnings, Bombardier stock remains a top investment choice in 2024.