Tomorrow’s Leaders: Ten Canadian Tech Stocks for the Future
Tomorrow's Leaders: Ten Canadian Tech Stocks for the Future
At the Dollarton Cantech Letter we like value. Talk to us about a tech stock trading under one times sales with 45% of its market cap in cash and our ears perk up. Admittedly, though, being an adherent to any discipline mean you sometimes miss stuff that falls outside your parameters.
The Canadian techs listed below are by no means smoke and mirror jobs. There's no illusion to the leadership role Westport Innovations (TSX:WPT), which has its roots at The University of British Columbia, has carved out for itself. But at nearly five times sales, the stock falls outside our screens for value; we like to uncover Canadian techs trading under one times sales. That said, the ramifications for Westport's natural gas engine technology are absolutely immense, meaning the company may fill in the value behind that multiple with an ease that value plays cannot.
This list consists of a mix of companies, there are those like Westport and NEO-Material Technologies (TSX:NEM) who are well beyond guessing whether their technology is commercially viable, yet still look out onto vast untapped markets. Still others here, like our number ten, Zecotek Photonics (TSX:ZMS), are on the verge of commercialization. Pick up a paper in five years time and its likely that at least one of these companies, perhaps a few, have become the next big (Canadian) thing. What follows is ten Canadian tech stocks with ideas big enough to hit the big time.
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