Valued at a market cap of $8.4 billion, Bombardier (TSX:BBD.B) has staged a remarkable comeback in recent years. The TSX stock bottomed out in late 2020 and has returned close to 600% to shareholders in the last five years.

While Bombardier stock has crushed the broader markets, it trades 22% below its 52-week highs, allowing you to buy the dip. So, let’s see if this Canadian stock can continue to deliver outsized gains over the next three years.

How did Bombardier perform in Q1 of 2025?

In the first quarter (Q1) of 2025, Bombardier demonstrated strong momentum despite a turbulent macro environment. The aircraft manufacturer reported higher revenue and net income than in the year-ago period. Moreover, it improved profit margins and reduced cash usage, which highlights the effectiveness of the company’s strategic transformation following its pivot to focus exclusively on business aviation.

CEO Éric Martel outlined Bombardier’s ambitious 2025 guidance during the annual shareholder meeting, projecting revenues of more than $9.25 billion. The management forecast adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of greater than $1.55 billion, with adjusted EBIT surpassing $1 billion.

In 2025, Bombardier expects to deliver more than 150 aircraft and generate free cash flow between $500 million and $800 million, representing meaningful increases across all financial metrics compared to 2024.

This positive outlook follows a successful 2024 when Bombardier achieved its $2 billion service revenue target a full year ahead of schedule while continuing to strengthen its balance sheet. The company’s improved financial performance has been recognized by credit rating agencies, with both Moody’s and S&P Global Ratings upgrading Bombardier’s credit ratings in 2024 and Moody’s recently revising its outlook from stable to positive.

Bombardier has identified two key growth pillars beyond its core business jet manufacturing operations. The service business continues to expand, generating a growing proportion of total revenue. Bombardier also plans to expand its network with additional capacity and new service offerings.

Additionally, Bombardier Defense represents another strategic growth avenue, with management highlighting significant potential as geopolitical dynamics evolve and countries seek enhanced border security and monitoring capabilities.

Later in 2025, Bombardier will introduce its newest business jet, the Global 8000, which is described as the fastest civilian aircraft since the Concorde. This engineering achievement reinforces Bombardier’s reputation for technological innovation and product excellence.

Is this TSX stock undervalued right now?

Chairman Pierre Beaudoin expressed confidence that Bombardier’s strategic positioning, financial discipline, and skilled workforce have created a more resilient and diversified entity positioned to navigate current market uncertainties while contributing to Canada’s economic growth and security initiatives.

Analysts tracking Bombardier expect its sales to rise from $8.67 billion in 2024 to $10.23 billion in 2028. Comparatively, adjusted earnings per share are forecast to expand from $5.16 to $9.81 in this period. While revenue growth is forecast at 4.2%, earnings are estimated to expand at a compounded annual growth rate of 17.4% through 2028. Moreover, the company’s free cash flow is forecast to increase from $230 million in 2024 to $1.15 billion in 2028.

Today, the TSX stock trades at 14 times forward earnings. If Bombardier stock maintains a similar multiple, it will be priced at $135 in early 2028, indicating an upside potential of almost 60% from the current price.

The post Where Will Bombardier Stock Be in 3 Years? appeared first on The Motley Fool Canada.

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Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Shopify (TSX:SHOP) went public in May 2015 and has since returned over 4,000% to shareholders in the past decade. It means that an investment of $2,500 in the TSX tech stock soon after it went public would be worth nearly $105,000 today.

Despite these market-thumping gains, Shopify stock trades almost 40% below all-time highs and is currently valued at a market cap of US$123 billion.

Let’s see if Shopify can stage a rebound over the next two years and reclaim its record highs.

Is Shopify a good stock to own?

Shopify is one of the largest e-commerce companies globally and reported revenue of US$8.9 billion in 2024, a 26% year-over-year increase. It has two primary business segments: subscription solutions and merchant solutions.

Subscription solutions revenue grew by 28% to US$2.4 billion in 2024, accounting for 26% of total revenue. This growth is driven by diverse pricing plans that scale with merchant needs, from basic plans for entrepreneurs to Shopify Plus for enterprise-level operations. Shopify’s Monthly Recurring Revenue (MRR) reached US$178 million in December 2024, up 24% year over year, indicating strong merchant retention and platform adoption.

Merchant solutions continued to be the key revenue contributor, accounting for 74% of total sales, and grew by 25% to US$6.5 billion in 2024. This segment generates revenue through Shopify Payments, the company’s integrated payment processing service, as well as other offerings like Shopify Capital, which provides financing to eligible merchants in the U.S., U.K., Canada, and Australia.

Shopify’s platform facilitated US$292.3 billion in Gross Merchandise Volume (GMV) in 2024, a 24% increase from 2023. Shopify serves a diverse merchant base across various retail verticals and geographies, with no single merchant representing more than 5% of total revenue.

Looking forward, Shopify is investing in several strategic areas to drive future growth. These include expanding its merchant base globally, localizing features for specific markets, developing new solutions that extend platform functionality, leveraging emerging technologies like artificial intelligence (through offerings like Shopify Magic and Sidekick), and enhancing its ecosystem of over 16,000 apps.

Shopify explains that building a “100-year company” requires balancing growth with profitability and continues to make strategic investments across multiple time horizons. With notable merchants, including BarkBox, Vuori, SKIMS, and Supreme, choosing Shopify for their commerce needs, the platform continues to demonstrate its appeal to businesses of all sizes seeking reliable, cost-effective, and scalable commerce solutions.

Is SHOP stock undervalued?

Shopify’s growth story is far from over, given its forecast to increase sales from US$8.9 billion in 2024 to US$16 billion in 2027. While its revenue is forecast to grow by 21.6% annually in the next two years, estimated growth for adjusted earnings and free cash flow growth is much higher at 28% and 26%, respectively.

In the last 12 months, Shopify stock has traded at a forward price-to-earnings multiple of 67 times. If the tech stock is priced at 50 times forward earnings, it will trade around US$131 in early 2027, indicating an upside potential of 35% from current levels.

Meanwhile, analysts remain bullish on the TSX stock and expect it to gain 27% over the next 12 months.

The post Where Will Shopify Stock Be in 2 Years? appeared first on The Motley Fool Canada.

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Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy.

The ongoing market volatility has dragged valuations of several TSX stocks lower in 2025, making them attractive to value investors. In this article, I have identified one such Canadian tech stock in Vecima Networks (TSX:VCM), which currently trades 57% below all-time highs. Let’s dive deeper.

Should you own this TSX stock right now?

Valued at a market capitalization of $243 million, Vecima Networks develops hardware and software solutions for broadband access, content delivery, and telematics. It operates through three segments:

• Video and Broadband Solutions: The segment processes data from the cable network and delivers internet connectivity to homes over cable and fibre.
• Content Delivery and Storage: The segment offers solutions and software for service providers and content owners that focus on producing, storing, delivering, and streaming video for live linear, video-on-demand, network digital video recorder, and time-shifted services over the internet.
• Telematics: The segment provides information and analytics to help fleet managers manage both mobile and fixed assets.

Vecima Networks has increased its sales from $71.5 million in fiscal 2017 (ended in June) to $291 million in fiscal 2024, indicating an average annual growth rate of over 22%.

Vecima reported mixed results in fiscal Q2 with revenues of $71.2 million, up 15% year-over-year but down 13% sequentially. Despite the increase in consolidated sales, Vecima faced temporary headwinds that impacted profitability, resulting in an adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $1.1 million and a net loss of $7.9 million.

CEO Sumit Kumar characterized Q2 as “complex,” citing multiple overlapping challenges. It includes a shift in product mix toward the company’s new EN9000 platform, which carries a lower margin profile as a standalone product.

Higher margins ahead

While strategically important, this modular node platform is designed to be populated with higher-margin software-driven modules over time. Additionally, customer timing adjustments for network upgrades slowed Entra products’ sales pace as Tier 1 operators worked through system-level field qualifications.

Vecima also recorded $4.3 million in non-cash foreign exchange losses and implemented a workforce reduction of 12%, resulting in $2.8 million in restructuring costs. Management expects this restructuring to yield annualized cost savings of about $17.5 million.

Despite near-term challenges, Vecima highlighted several strategic achievements during the quarter. It completed the acquisition of Falcon V Systems, which brought crucial new software technologies, including Principal Core for platform orchestration and Test Suite for accelerating DAA software upgrades.

What next for this TSX tech stock?

Looking ahead, management acknowledged that continued demand volatility may persist into the second half due to customer project timing and uncertainty around potential U.S. tariffs on Canadian goods.

While cautious about near-term forecasting, Kumar expressed confidence in Vecima’s long-term prospects, citing the company’s strong market position (approximately 40% global share in Remote PHY devices and over 80% in remote MACPHY) and deep relationships with major operators.

Bay Street expects Vecima to grow its sales to $358 million in 2026. Moreover, adjusted earnings are forecast to expand from $0.89 per share in 2024 to $1.19 per share in 2026. If the TSX stock is priced at 15 times forward earnings, it will trade around $18 per share over the next 12 months, indicating an upside potential of more than 75% from its current levels.

Analysts also expect Vecima to report free cash flow of $33 million in 2025. Today, Vecima pays shareholders an annual dividend of $0.22 per share, indicating an annual dividend expense of $5.4 million and a payout ratio of less than 20%.

The post 1 Magnificent Canadian Stock Down 57% to Buy and Hold Forever appeared first on The Motley Fool Canada.

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Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Investing in quality, undervalued stocks trading on the TSX is a proven strategy for building long-term wealth over the upcoming decade. In this article, I have identified two such TSX stocks that are well-positioned to deliver outsized gains to shareholders in 2025 and beyond. Here’s why I’d invest $3,000 in these two top Canadian stocks right now.

Is this TSX stock a good buy?

Valued at a market cap of $191 million, DIRTT Environmental (TSX:DRT) is an interior construction company in Canada. It provides an industrial construction system serving companies across various sectors, including healthcare, military, technology, and hospitality.

DIRTT Environmental Solutions closed 2024 with solid financial results, reporting fourth-quarter (Q4) revenue of $48.9 million. It reported an adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $5.5 million, a $1.2 million increase from the year-ago quarter. DIRTT maintained healthy gross profit margins of 35.9%, down from 37.8% in the same period last year.

The company has significantly strengthened its financial position, reducing long-term debt from $56.1 million to $22.4 million over the past 12 months, resulting in a leverage ratio of approximately 1.5 times. Its cash reserves grew to $29.3 million, up from $24.7 million at the end of 2023, with $39.3 million in total liquidity, which includes an undrawn credit facility.

DIRTT’s 12-month forward sales pipeline stood at $278 million as of January 2025, representing a $31.3 million increase after accounting for project phasing adjustments. CEO Benjamin Urban highlighted that DIRTT is proactively preparing for potential trade challenges, including the threat of 25% tariffs on Canadian imports to the United States.

Notably, its dual manufacturing presence in both countries provides strategic flexibility to mitigate impacts by adjusting material sourcing and manufacturing locations.

Analysts expect DRT stock to increase its adjusted earnings per share from $0.03 in 2024 to $0.10 in 2028. If the TSX stock maintains an average price-to-earnings multiple of 15 times, it will trade around $1.5 in early 2028, indicating an upside potential of 50% from current levels.

Is this small-cap TSX stock undervalued?

Valued at a market cap of $616 million, Mattr (TSX:MATR) operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments:

• Composite Systems: The segment manufactures flexible composites that are used for oil and gas gathering and other applications.
• Automotive and Industrial: This segment manufactures heat-shrinkable products, including thin-, medium-, and heavy-walled tubing.
• Pipeline and Pipe Services: The segment offers ultrasonic and radiographic pipeline girth weld inspection services to pipeline operators and construction contractors.

Bay Street expects Mattr to increase its adjusted earnings from $0.70 per share in 2024 to $1.92 per share in 2027. Moreover, its free cash flow is forecast to touch $146 million in 2028, compared to a $59 million outflow in 2024.

Priced at 5.2 times forward earnings and 4.2 times forward free cash flow, the TSX stock is quite cheap. If MATR stock is priced at 10 times forward FCF, it should more than double over the next three years, easily outpacing the broader markets.

The post Where I’d Invest $3,000 in the TSX Today appeared first on The Motley Fool Canada.

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Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Investing in undervalued growth stocks and holding them in the TFSA (Tax-Free Savings Account) should help Canadians generate outsized gains over time. As the TFSA is tax-sheltered, any returns earned in the registered account are tax-free.

In this article, I have identified three Canadian value stocks you can buy and hold in the TFSA right now.

Is this health-tech stock a good buy?

Valued at a market capitalization of $300 million, Healwell AI (TSX:AIDX) is a technology-focused healthcare company that offers an artificial intelligence (AI)-enabled decision support platform for healthcare providers.

According to estimates, Healwell is forecast to increase its sales from $39 million in 2024 to $191 million in 2026. Healwell AI reported exceptional fourth-quarter (Q4) results, with revenue surging 692% year over year to $15.2 million and gross profit jumping 1179% to $7 million. For the full year 2024, the healthcare software and AI company generated $38.9 million in revenue, up from a $7 million run rate when it launched in October 2023.

The company’s growth strategy is anchored by its acquisition of Orion Health, which is expected to add $25 million in quarterly revenue and make Healwell’s EBITDA (earnings before interest, tax, depreciation, and amortization) positive. This acquisition transforms Healwell into a global leader in healthcare AI, with access to over 150 million patient lives.

Healwell’s AI and data science division is gaining traction, with 30 master service agreements in place with pharmaceutical companies, including seven of the top 10 global pharmaceutical firms. It is strategically shifting its revenue mix toward higher-margin segments, with healthcare software expected to account for 70% of revenue after the Orion acquisition.

Management highlighted emerging opportunities from the “Buy Canadian” initiative, with increasing government interest in domestic healthcare technology solutions expected to drive additional growth in 2025.

Analysts remain bullish and expect the TSX stock to nearly triple from its current levels, based on consensus price targets.

Is this Canadian mining stock a good buy?

Magna Mining (TSXV: NICU) is positioning itself as a significant producer of copper and nickel in North America’s premier Sudbury mining district. It has established a robust portfolio of assets through strategic acquisitions, including the producing McCreedy West mine and development properties like Crean Hill, Levack, Podolsky, and Kirkwood.

Magna boasts substantial resources, including 780 million pounds of copper, 742 million pounds of nickel, and 2.6 million ounces of precious metals, with additional historical resources providing further upside potential.

For 2025, Magna is focused on optimizing McCreedy West to generate sustainable cash flow by ramping up production from 330,000 to 400,000-500,000 tonnes per annum while developing a restart plan for Levack Mine to commence production in 2026.

Magna employs a “bootstrapped” growth strategy, using cash flow from initial operations to fund expansion, creating a pipeline for organic growth. With strong institutional backing and a management team experienced in Sudbury mining operations, Magna is poised to transition into a mid-tier producer.

Analysts remain bullish on Magna Mining stock and expect it to gain over 50% from current levels.

Is this robotics stock undervalued?

Valued at a market cap of $581 million, Kraken Robotics (TSXV:PNG) stock has returned over 400% to shareholders. However, shares of the marine technology company are also down 23% from all-time highs.

Analysts tracking Kraken expect sales to rise from $69.6 million in 2023 to $126 million in 2025. Moreover, the growth stock is forecast to end 2026 with a free cash flow of over $20 million.

If the stock is priced at 50 times trailing free cash flow, it should more than double in valuation over the next two years. Bay Street remains bullish and expects the small-cap robotics stock to gain over 50% from current levels.

The post 3 Canadian Value Stocks I’d Consider for My Long-Term TFSA Strategy appeared first on The Motley Fool Canada.

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Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Kraken Robotics. The Motley Fool has a disclosure policy.

While diversified exchange-traded funds and mutual funds should form the core of your portfolio, those with a higher risk appetite should also consider investing in individual stocks. The ongoing market turbulence affecting equities provides investors with an opportunity to buy and hold undervalued stocks that are positioned to outperform the broader markets.

In this article, I have identified two cheap TSX stocks that Canadian investors could consider buying right now.

Is this TSX stock a good buy right now?

Valued at a market cap of $408 million, NanoExplore (TSX:GRA) manufactures and supplies graphene products for industrial use in Australia. In the fiscal second quarter (Q2) of 2025 (ended in December), NanoExplore reported revenue of $33.1 million, an increase of 14% year over year. Notably, the company achieved its tenth consecutive quarter of margin expansion, with adjusted gross margins improving 190 basis points to 21.3%.

Adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) for the quarter reached $1.1 million, compared to a loss of $93,000 in the same period last year. NanoExplore ended fiscal Q2 with a strong liquidity position of $31 million, including $21 million in cash.

Chief Executive Officer (CEO) Soroush Nazarpour addressed ongoing tariff concerns, noting that while short-term disruptions are inevitable, the company doesn’t anticipate a lasting negative impact on its business.

NanoXplore continues to make progress on its five-year strategic plan, including expanding its graphene-enhanced sheet moulding compound (SMC) capacity in Canada and building out additional manufacturing capacity in Statesville, North Carolina. Equipment for the U.S. expansion is expected to be delivered during fiscal Q4, with production starting in the summer of 2025.

NanoExplore reported advancements in its dry-process graphene production, which began last July. It emphasized that customer feedback has been consistently positive regarding the new cost structure, which makes graphene competitive with other carbon-based additives, such as Carbon Black. NanoXplore is finalizing plans for a large-scale pilot plant, with purchase orders for major equipment expected within the next month.

For fiscal 2025, management is maintaining its revenue range of $140 million to 155 million. However, it expects revenue to be at the lower end due to delays in new program launches from its two largest customers and uncertainty surrounding potential tariffs. Analysts remain bullish on the TSX stock and expect it to increase by 80% over the next year, based on consensus price targets.

Is this small-cap TSX stock undervalued?

Valued at a market capitalization of $142 million, Electrovaya (TSX:ELVA) is a battery manufacturer operating in the rapidly expanding clean energy segment.

Electrovaya maintained its momentum in fiscal Q1 of 2025 (ended in December), reporting US$11.2 million in revenue with gross margins exceeding 30%. It also reported a positive adjusted EBITDA for the seventh consecutive quarter.

While revenue slightly declined from US$12.1 million in the same period last year due to delivery timing, the company ended the quarter with approximately US$1 million in finished goods awaiting shipment.

The lithium-ion battery manufacturer has secured a US$51 million direct loan approval from the Export-Import Bank of the United States under the “Make More in America” initiative to expand manufacturing in Jamestown, New York. To support closing conditions, Electrovaya raised US$12.8 million in equity financing, which CEO Dr. Raj Das Gupta noted was impressive given the challenging market for clean technology companies.

With strengthened finances, Electrovaya is accelerating its plans to assemble battery systems at the Jamestown facility. Commercial operations are expected to begin in April 2025, and Electrovaya views this expansion as both a growth driver and a strategic move to mitigate potential trade barriers.

Electrovaya is also seeing increased demand from existing customers who want to repower their warehouse infrastructure with its batteries. It expects to ship its first modules to a global construction original equipment manufacturer in Japan and reports growing interest through its partnership with Sumitomo Corporation.

Management reiterated its fiscal 2025 revenue guidance of exceeding US$60 million, with quarter-over-quarter growth expected throughout the year.

Analysts tracking the TSX stock expect it to report a free cash flow of $60 million in fiscal 2028. So, if the stock is priced at 15 times forward free cash flow, it should surge by over 750% in the next two years.

The post Where I’d Invest $7,500 in These Top Undervalued Stocks With Potential for Appreciation appeared first on The Motley Fool Canada.

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Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Electrovaya. The Motley Fool has a disclosure policy.

Investing in cheap or undervalued stocks with strong fundamentals should help Canadians generate outsized gains over time. In this article, I have identified three TSX stocks that are trading at bargain prices in April 2025.

Is this TSX stock undervalued right now?

Profound Medical (TSX:PRN) reported its strongest quarter yet, with fourth-quarter (Q4) revenue doubling year over year to $4.2 million and gross margins reaching 71%, up from 52% the previous year. It also reduced its net loss by 45% to $4.9 million.

The medical device maker, which specializes in MRI-guided prostate tissue ablation, is benefiting from Medicare reimbursement that took effect on January 1, 2025, at a higher payment level than competing technologies. Moreover, the management is transitioning from a placement model to capital sales while expanding its commercial team.

Profound’s TULSA-PRO system is positioned as uniquely capable of treating a broader range of prostate conditions thanks to its precision MRI-guided approach.

Analysts expect Profound to increase sales from $15.2 million in 2024 to $291 million in 2029. Its adjusted earnings are forecast to touch $4.42 per share in 2029 compared to a loss of $1.60 per share in 2024. If the TSX stock is priced at 20 times forward earnings, it should trade around $90 in early 2029, up from its current price of $6.46.

Is this small-cap TSX stock a good buy?

Valued at a market cap of $142 million, Electrovaya (TSX:ELVA) is engaged in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products.

According to Bay Street estimates, it is forecast to increase revenue from $44.6 million in fiscal 2024 (ended in September) to $254 million in fiscal 2029. Moreover, it is forecast to turn profitable and report an adjusted earnings per share (EPS) of $0.12 per share in 2025, compared to a loss of $0.04 per share in 2024. Its EPS is also forecast to expand to $0.88 in 2029.

So, if the stock is priced at 20 times forward EPS, it will trade around $ 17.50, indicating an upside potential of almost 400% from current levels.

Should you own this growth stock today?

The final undervalued TSX stock on my list is NanoExplore (TSX: GRA), which has a market capitalization of $408 million. NanoExplore manufactures and supplies graphene powder for use in the Australian industrial market. It offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets.

Analysts tracking NanoExplore expect the company’s revenue to increase from $130 million in fiscal 2024 (ended in June) to $339 million in 2028. It is forecast to report earnings of $0.22 per share in fiscal 2028, compared to a loss of $0.07 per share in 2024. Further, Bay Street projects its free cash flow to increase to $81.4 million in 2028, compared to an outflow of $10.3 million in 2025.

If the TSX stock is priced at 20 times forward FCF, it will be valued at a market cap of $1.6 billion, indicating an upside potential of 300% in the next two years. Analysts remain bullish and expect the chemicals stock to gain around 80% over the next 12 months.

The post Where I’d Put $10,000 in 3 TSX Stocks Trading at Bargain Prices Today appeared first on The Motley Fool Canada.

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Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Electrovaya. The Motley Fool has a disclosure policy.