SQP : Strongco Corporation Stock Profile

Last Updated: 3/12/2024 0:47:16

Strongco Corporation trades with the ticker SQP on the TSX and is in the Industrial Distribution industry.

Overview
Strongco Corporation sells, rents, and services new and used equipment to the construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management, and forestry sectors in Canada and in the United States. The company offers attachments/accessories, backhoe loaders, compactors/tampers, crawler dozers, cranes, crushing and screening equipment, excavators, forestry equipment, haulers, hydraulic hammers, lift trucks, wheel and compact loaders, material handlers, motor graders, pavers/milling/road wideners, scrapers, skid steers, and pipe layers; and used equipment. It also provides parts; and in-field, in-shop, refurbishment, component rebuilding, scheduled maintenance, customer service agreement, extended warranty, equipment inspection, air conditioning, painting, hydraulic repair, fluid analysis, telematics, training, and hose manufacturing services, as well as software options. The company serves customers through a network of approximately 25 branches in Canada. Strongco Corporation is headquartered in Mississauga, Canada. As of March 18, 2020, Strongco Corporation operates as a subsidiary of 2737920 Ontario Inc.
 

Looking to invest in Strongco Corporation? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.

SQP.TO Stock Price and Key Stats

ETF Key Stats

Exchange: TSX

Market Cap : $41.987MM

PE Ratio: 8.75

Price: #N/A (Updated: 3/12/2024 0:47:16)



Strongco Corporation (SQP) vs Competitors in Industrial Distribution

Lets see how SQP.TO stacks up against others in the Industrial Distribution asset management industry. We have identified its main peers as:

Finning International Inc, Rocky Mountain Dealerships Inc, Russel Metals Inc, Toromont Industries Ltd, Toromont Industries Ltd.

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Industrial Distribution Industry Comparisons

Company Market Cap ($MM) P/E Ratio EV/EBITDA Dividend Yield
Finning International Inc (FTT) $5,067.606 9.941 6.015 2.8%
Rocky Mountain Dealerships Inc (RME) $142.5 21.083 4.709 2.3%
Russel Metals Inc (RUS) $2,649.239 10.132 5.483 3.6%
Strongco Corporation (SQP) $41.987 8.75 7.252 0.0%
Toromont Industries Ltd (TIH) $10,173.882 19.375 10.514 1.6%

EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield  

Comparisons within Industrial Distribution

  • Strongco Corporation (SQP) vs Finning International Inc (FTT)
    • FTT has higher EPS (3.54 vs 0.353). FTT has higher dividend yield (2.8% vs 0.0%). FTT has a higher P/E ratio (9.941 vs 8.75) indicating it’s more expensive.
  • Strongco Corporation (SQP) vs Rocky Mountain Dealerships Inc (RME)
    • SQP has higher EPS (0.353 vs 0.351). RME has higher dividend yield (2.3% vs 0.0%). RME has a higher P/E ratio (21.083 vs 8.75) indicating it’s more expensive.
  • Strongco Corporation (SQP) vs Russel Metals Inc (RUS)
    • RUS has higher EPS (4.33 vs 0.353). RUS has higher dividend yield (3.6% vs 0.0%). RUS has a higher P/E ratio (10.132 vs 8.75) indicating it’s more expensive.
  • Strongco Corporation (SQP) vs Toromont Industries Ltd (TIH)
    • TIH has higher EPS (6.38 vs 0.353). TIH has higher dividend yield (1.6% vs 0.0%). TIH has a higher P/E ratio (19.375 vs 8.75) indicating it’s more expensive.
  • Strongco Corporation (SQP) vs Toromont Industries Ltd. (TIH)
    • TIH has higher EPS (6.38 vs 0.353). TIH has higher dividend yield (1.6% vs 0.0%). TIH has a higher P/E ratio (19.375 vs 8.75) indicating it’s more expensive.

Our Recommendation: Hold
Has a lower P/E ratio (8.75) than the industry average (14.92), indicating potential undervaluation.
 

How to Buy SQP stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:

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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of Wealthawesome.com. He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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