Even with this strong rally, shares of several high-quality companies remain attractively priced. Their valuations have not yet caught up to the strength of their businesses, creating an opportunity for investors looking to put fresh capital to work. With as little as $300, investors can still buy shares of fundamentally sound companies that offer solid growth and value.
Against this backdrop, here are three TSX stocks that are too cheap to ignore.
Cheap TSX Stocks #1: Easy
easy (TSX:GSY) is one of the top TSX stocks that is too cheap to ignore. Shares of this subprime lender are down about 42% in the past three months. The decline was driven by a short-seller report alleging accounting manipulation, followed by quarterly results that reflected pressure on profits. Higher loan loss provisions, rising financing costs and a strategic pivot to secured lending weighed on near-term profitability.
Notably, goeasy has rejected short-sellers’ claims and reiterated its outlook, emphasizing a credit strategy based on tighter underwriting. While the shift in credit mix to secured loans depresses returns, it also reduces long-term credit risk and supports more consistent profits.
goeasy is likely to benefit from a large addressable market, strong loan demand, a diversified funding base and an omnichannel offering. Furthermore, the company’s focus on improving operational efficiency and stable credit performance bodes well for growth.
After the sell-off, the stock trades at 6.1 times forward earnings, well below its historical average. Although the stock is trading at a discount, goeasy is poised to deliver double-digit earnings growth over the long term. Its double-digit earnings growth potential and 5% dividend yield make it too cheap to miss.
Cheap TSX Stock #2: Lightspeed
Speed ​​of light (TSX:LSPD) is another attractive stock to buy now. While shares of this Canadian tech company have lost significant value, its turnaround plan is gaining momentum, with revenue rising, average revenue per user improving and adoption increasing in core markets such as North American retail and European hospitality.
Lightspeed also uses artificial intelligence (AI) technology to develop products and accelerate growth. Tools like AI Showroom and automated product description generators provide sellers with faster and easier ways to build a polished online presence, broadening the platform’s appeal and increasing customer loyalty.
Profitability is also moving in the right direction, supported by strong subscription and transaction-based margins and cost control measures. Management expects free cash flow to break even or become positive in fiscal 2026. While Lightspeed’s fundamentals are improving, the stock trades at approximately 0.8 times trailing-twelve-month enterprise value to revenue, offering an attractive entry point for long-term investors.
Cheap TSX Stock No. 3: Cargojet
Cargo jet (TSX:CJT) Shares are down more than 41% in the past year. This price drop has made it a value play as the company’s fundamentals remain solid. While softer global trade and weaker international demand continue to weigh on the ACMI and Charter businesses, creating near-term volatility, the domestic core network remains stable. Furthermore, its dominant position in the Canadian air cargo space makes it a solid choice for the long term.
Cargojet’s disciplined cost structure, diversified revenue base and long-term contracts ensure sustainability in cash flows. In addition, the recent contract extensions with Amazon to 2029 and DHL to 2033 further strengthen its long-term prospects.
Cargojet management is optimistic and expects to maintain strong EBITDA margins despite geopolitical and commercial headwinds. Moreover, the stock is poised to recover quickly as demand normalizes. Its leadership in time-sensitive domestic freight and its ability to grow without significant capital expenditure give it structural advantages, making the stock attractive to investors with a long-term perspective.
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