Down Over 20%: Time to Buy These Discounted TSX Stocks?
Down Over 20%: Time to Buy These Discounted TSX Stocks?
On Friday, the Canadian equity markets continued their uptrend, with the S&P/TSX Composite Index touching a new high amid solid September employment numbers in the United States. Meanwhile, the index is up over 15% for this year. Despite the uptrend, the following three TSX stocks are trading over 20% lower than their recent highs. Given their healthy growth prospects and solid underlying businesses, investors with longer investment horizons can accumulate these stocks to earn superior returns.
週五，加拿大股市繼續上漲，標普/tsx綜合指數觸及新高，美國9月就業數據實力。與此同時，該指數今年以來上漲超過15%。儘管呈現上漲趨勢，但以下三隻tsx股票的交易價格比最近高點下跌超過20%。考慮到它們良好的增長前景和紮實的基礎業務，投資者若具有較長的投資視野，可以積累這些股票以獲得優異回報。
Lightspeed Commerce
利特斯派德商務
Lightspeed Commerce (TSX:LSPD) has witnessed healthy buying over the last few weeks amid the rumours that the company was exploring potential sale opportunities. However, the company's management has stated that it is strategically reviewing its business and operations to enhance shareholders' value. Its stock price has increased by around 36% compared to last month's lows. Despite the recent increase, it trades around 23% lower than its 52-week high. Also, its valuation looks reasonable, with its NTM (next 12 months) price-to-sales multiple and price-to-book multiples at 2.1 and 1, respectively.
Lightspeed Commerce（TSX：LSPD）在過去幾周內看到了健康的買盤，因爲有傳言稱該公司正在探索潛在的出售機會。然而，該公司管理層表示，正在戰略性地審核其業務和運營，以增強股東價值。其股價較上月低點上漲約36%。儘管最近有所增長，但其股價仍比52周高點低約23%。此外，其估值看起來合理，其NTM（未來12個月）銷售倍數和市淨率分別爲2.1和1。
Meanwhile, the growth in the omnichannel selling model has expanded the addressable market for Lightspeed Commerce. Its unified POS and payments platform has resonated well with its customers, driving the adoption of the company's payment platform. Further, the company is developing innovative products that could continue to boost its customer base and average revenue per user. Along with these growth initiatives, the company is right-sizing its cost structure, which could improve its profitability in the coming quarters. So, I expect Lightspeed Commerce to deliver oversized returns in the next three years.
與此同時，全渠道銷售模式的增長擴大了Lightspeed Commerce的可觸及市場。其統一的POS和支付平台受到客戶的好評，推動了公司支付平台的採用。此外，該公司正在開發創新產品，這可能繼續推動其客戶群和平均用戶收入。除了這些增長舉措，該公司正在調整其成本結構，可能會在未來幾個季度內改善其盈利能力。因此，我預計Lightspeed Commerce在未來三年內會帶來超額回報。
Magna International
曼格納國際
Magna International (TSX:MG) is one of the largest automotive parts suppliers in the world. The company has lost over 30% of its stock value compared to its 52-week high amid supply chain issues and the weakness in the EV (electric vehicles) segment. Its NTM price-to-sales and price-to-book multiples have fallen to 0.3 and 1, respectively, which looks attractive.
曼格納國際（TSX:MG）是世界上最大的汽車零部件供應商之一。由於供應鏈問題和新能源車（EV）板塊的疲軟，該公司股價較52周高點下跌了超過30％。其NTm價格銷售比和價格賬面比分別下降到0.3和1，看起來相當吸引人。
Despite the near-term weakness, the long-term growth prospects of the EV segment look healthy amid the rising popularity of EVs due to growing concerns about air pollution. Further, the company continues to invest in high-growth sectors, such as powertrain electrification, battery enclosures, and active safety segments, which could boost its financials in the coming quarters. Besides, its focus on operational excellence and cost-cutting initiatives could improve its profitability. Moreover, the company has raised its dividends consistently for the last nine years at an annualized rate of 9%, with its forward yield currently at 4.7%. Considering all these factors, I believe MG would be an attractive buy at these levels.
儘管近期存在疲弱，但由於新能源車板塊的日益普及，人們對新能源車的擔憂日益加劇，該板塊的長期增長前景看起來良好。此外，該公司繼續投資於高增長領域，如動力總成電氣化、電池外殼和主動安全板塊，這有望在未來幾個季度提升其財務狀況。另外，該公司專注於運營卓越和削減成本舉措，可能會改善其盈利能力。此外，該公司連續九年提高了股息，年化速度爲9％，目前的預期收益率爲4.7％。考慮到所有這些因素，我相信MG在這個水平上將是一個有吸引力的買入。
BlackBerry
黑莓
BlackBerry (TSX:BB) is another stock that trades at a considerable discount compared to its 52-week high. It has lost over 45% of its stock value amid weakness in the automotive sector, lower-than-expected growth in the IoT (Internet of Things) segment, and rising competition in the cybersecurity sector. Amid the sell-off, its NTM price-to-sales and price-to-book multiples have declined to 2.3 and 1.9, respectively.
黑莓（TSX:BB）是另一隻股票，與其52周高點相比，以相當大的折扣交易。在汽車行業的疲弱、 物聯網（Internet of Things）領域增長低於預期以及網絡安全行業競爭加劇的背景下，其股票價值已經下跌了逾45%。在拋售中，其NTM銷售倍數和市銷比分別下降至2.3和1.9。
Meanwhile, BlackBerry reported a stellar second-quarter performance for fiscal 2025. Its topline grew by 9.9% amid solid performance across the IoT and cybersecurity segments. The company has also achieved adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) and adjusted EPS (earnings per share) breakeven.
與此同時，黑莓報告稱，截至2025財年第二季度，其表現驚豔。其收入在物聯網和網絡安全領域表現強勁的帶動下增長了9.9%。該公司還實現了調整後的EBITDA（利息、稅收、折舊和攤銷前收益）和調整後的每股收益的盈虧平衡。
During the second quarter that ended on August 31, BlackBerry secured several design wins, especially in advanced driver assistance systems, which can contribute to its future revenue. The company has provided multiple proofs of concept to major OEMs (original equipment manufacturers) for IVY. However, management does not expect a material revenue contribution from IVY in the near term. Apart from the automotive sector, the IoT software maker is also strengthening its presence in general embedded systems.
在截至8月31日的第二季度中，BlackBerry贏得了多個設計項目，尤其是在先進駕駛員輔助系統方面，這有望爲其未來營業收入做出貢獻。該公司已向主要的原始設備製造商提供了多個IVY概念驗證。然而，管理層預計短期內IVY不會對營業收入作出實質性貢獻。除了汽車行業，物聯網軟件生產商還在加強其在普通嵌入式系統中的存在。
In the cybersecurity segment, Blackberry continues to enhance the features of its products, leading to renewal and upsells. Given its multiple growth drivers and discounted stock price, I am bullish on BlackBerry.
在網絡安全領域，黑莓繼續改進其產品的功能，從而促使續約和加購。考慮到其多個增長驅動因素和折價股價，我對黑莓持看好態度。
譯文內容由第三人軟體翻譯。
