10:45:06 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Chorus Aviation Inc
Symbol CHR
Shares Issued 160,167,541
Close 2019-12-12 C$ 7.93
Market Cap C$ 1,270,128,600
Recent Sedar Documents

Globe says Telus, others trading at a decent price

2019-12-12 07:36 ET - In the News

See In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Thursday, Dec. 12, edition that despite the stellar performance of Canadian equities this calendar year, valuations on Canadian stocks still seem to be in reasonable shape. The Globe's Ian Tam writes in the Number Cruncher column that during the late 2018 market correction, the price-to-earnings ratio of the S&P/TSX Composite dipped to lows of 13.8 and now sits at 16.2. Both figures pale in comparison with January, 2017, when it rose up to 21. Regardless, no investor likes to overpay for earnings. Accordingly, Mr. Tam revisits the concept of GARP (growth at a reasonable price) investing by creating a model that ranks stocks in the S&P/TSX Composite Index on such things as forward price-earnings-to-growth, or PEG ratio (calculated by dividing the forward P/E ratio by the estimated growth rate of earnings as predicted by Street analysts, low values are better), five-year earnings-per-share deviation and other criteria. Companies needed to have a positive trailing return on equity and pay a dividend. Mr. Tam's stocks offering "growth at a reasonable price" are Canadian Tire, Telus, Chorus Aviation, Magna International, Intact Financial and Dollarama.

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