{"id":50434,"date":"2023-08-29T13:20:30","date_gmt":"2023-08-29T13:20:30","guid":{"rendered":"https:\/\/www.inovestor.com\/?p=50434"},"modified":"2023-09-19T15:28:58","modified_gmt":"2023-09-19T15:28:58","slug":"11-tsx-companies-that-can-be-resilient-in-an-economic-downturn","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-ca\/2023\/08\/11-tsx-companies-that-can-be-resilient-in-an-economic-downturn\/","title":{"rendered":"11 TSX companies that can be resilient in an economic downturn"},"content":{"rendered":"<h3 class=\"text-pb-6 hl3 mt-40 mb-24 c-article-body__subheading-v2 c-article-body__subheading-v2--level3 c-article-body__subheading-v2--regular\"><b>What are we looking for?<\/b><\/h3>\n<p class=\"c-article-body__text text-pr-5\">Resilient companies unfazed by an economic downturn.<\/p>\n<p class=\"c-article-body__text text-pr-5\">The Bank of Canada\u2019s key policy interest rate stands at 5 per cent, double what it was a year ago. Concurrently, year-over-year retail sales in Canada have already dipped into negative territory, declining by 0.6 per cent in June, according to the most recent monthly report. As the full impact of these interest-rate hikes looms and consumers begin to exhibit increased prudence, defensive options might emerge as appealing choices for equity investors.<\/p>\n<h3 class=\"text-pb-6 hl3 mt-40 mb-24 c-article-body__subheading-v2 c-article-body__subheading-v2--level3 c-article-body__subheading-v2--regular\"><b>The screen (add the screener <a href=\"https:\/\/account.inovestor.com\/InoAdvisor\/en-CA\/ScreenersDeepLinking?dataset=StockPointer&amp;screener=share%3A%7B%22name%22%3A%22Number%20Cruncher%202023-08-28%22%2C%22sortedBy%22%3A%22sale12CH2Y%22%2C%22sortOrder%22%3A%22desc%22%2C%22criterias%22%3A%7B%22PRCcur%22%3A%7B%7D%2C%22evamvecur%22%3A%7B%22%3E%22%3A1000%7D%2C%22marketidentificationcodeextended%22%3A%7B%22in%22%3A%5B%22CND%22%5D%7D%2C%22sector%22%3A%7B%22in%22%3A%5B%223000%22%2C%225010%22%2C%225510%22%5D%7D%2C%22evapi12%22%3A%7B%22%3E%22%3A1%7D%2C%22divCH3Y%22%3A%7B%22%3E%22%3A4%7D%2C%22PRCchY%22%3A%7B%7D%2C%22perCUR%22%3A%7B%7D%2C%22sale12CH2Y%22%3A%7B%7D%7D%7D\">here<\/a>)<\/b><\/h3>\n<p class=\"c-article-body__text text-pr-5\">We screened Canadian stocks in the consumer staples, telecommunications and utilities sectors focusing on the following criteria:<\/p>\n<ul>\n<li class=\"c-article-body__li text-pr-7\">Market capitalization greater than $1-billion;<\/li>\n<li class=\"c-article-body__li text-pr-7\">Economic Performance Index (EPI) greater than or equal to 1. The EPI is return on capital divided by the cost of capital, and it is a measure of profitability adjusted for risk. An EPI higher than 1 implies positive economic value creation;<\/li>\n<li class=\"c-article-body__li text-pr-7\">Three-year annualized dividend growth greater than 4 per cent;<\/li>\n<\/ul>\n<p class=\"c-article-body__text text-pr-5\">For informational purposes, we have also included price-to-earnings ratio, two-year sales growth, one-year price increase and dividend yield.<\/p>\n<h3 class=\"text-pb-6 hl3 mt-40 mb-24 c-article-body__subheading-v2 c-article-body__subheading-v2--level3 c-article-body__subheading-v2--regular\"><b>More about Inovestor<\/b><\/h3>\n<p class=\"c-article-body__text text-pr-5\">Inovestor is a Canadian fintech company with more than 20 years of experience and it has partnered with Morningstar in an alliance, solidifying Inovestor\u2019s unrivalled position as the industry\u2019s leading alternative analysis tool. To learn more visit our\u00a0<a href=\"https:\/\/www.inovestor.com\/en-ca\/cpms-users\/\">website<\/a>.<\/p>\n<h3 class=\"text-pb-6 hl3 mt-40 mb-24 c-article-body__subheading-v2 c-article-body__subheading-v2--level3 c-article-body__subheading-v2--regular\"><b>What we found<\/b><\/h3>\n<div class=\"rawHtml\">\n<div class=\"gi-module gi-embed gi-table\">\n<h3>Stocks that can weather economic turbulence<\/h3>\n<\/div>\n<\/div>\n<table width=\"1109\">\n<tbody>\n<tr>\n<td width=\"64\">Ticker<\/td>\n<td width=\"230\">Name<\/td>\n<td width=\"49\">Price<\/td>\n<td width=\"134\">MKT VALUE ($MIL.)<\/td>\n<td width=\"64\">EPI<\/td>\n<td width=\"148\">3Y ANN. DIV GRTH. (%)<\/td>\n<td width=\"126\">2Y SALES GRTH. (%)<\/td>\n<td width=\"92\">P\/E<\/td>\n<td width=\"116\">1Y PRICE RTN. (%)<\/td>\n<td width=\"86\">DIV. YLD. (%)<\/td>\n<\/tr>\n<tr>\n<td>TA-T<\/td>\n<td>TRANSALTA CORPORATION<\/td>\n<td>13.17<\/td>\n<td>3469<\/td>\n<td>2.2<\/td>\n<td>9.2<\/td>\n<td>50.8<\/td>\n<td>13.9<\/td>\n<td>0.8<\/td>\n<td>1.6<\/td>\n<\/tr>\n<tr>\n<td>PBH-T<\/td>\n<td>PREMIUM BRANDS HOLDINGS CORP<\/td>\n<td>103.68<\/td>\n<td>4603<\/td>\n<td>1.0<\/td>\n<td>10.1<\/td>\n<td>43.6<\/td>\n<td>40.4<\/td>\n<td>2.8<\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td>FTS-T<\/td>\n<td>FORTIS INC.<\/td>\n<td>53.43<\/td>\n<td>25988<\/td>\n<td>1.1<\/td>\n<td>5.8<\/td>\n<td>27.3<\/td>\n<td>18.1<\/td>\n<td>-9.9<\/td>\n<td>4.2<\/td>\n<\/tr>\n<tr>\n<td>T-T<\/td>\n<td>TELUS CORPORATION<\/td>\n<td>23.35<\/td>\n<td>33787<\/td>\n<td>1.4<\/td>\n<td>6.7<\/td>\n<td>20.9<\/td>\n<td>28.1<\/td>\n<td>-23.1<\/td>\n<td>6.4<\/td>\n<\/tr>\n<tr>\n<td>MRU-T<\/td>\n<td>METRO INC.<\/td>\n<td>69.9<\/td>\n<td>16058<\/td>\n<td>2.1<\/td>\n<td>10.6<\/td>\n<td>9.5<\/td>\n<td>17.0<\/td>\n<td>-1.4<\/td>\n<td>1.7<\/td>\n<\/tr>\n<tr>\n<td>L-T<\/td>\n<td>LOBLAW COMPANIES LIMITED<\/td>\n<td>116.55<\/td>\n<td>36956<\/td>\n<td>1.9<\/td>\n<td>9.6<\/td>\n<td>9.0<\/td>\n<td>18.7<\/td>\n<td>-1.9<\/td>\n<td>1.5<\/td>\n<\/tr>\n<tr>\n<td>EMP-A-T<\/td>\n<td>EMPIRE CO. LTD. CLASS A<\/td>\n<td>35.08<\/td>\n<td>8885<\/td>\n<td>1.7<\/td>\n<td>11.2<\/td>\n<td>7.8<\/td>\n<td>13.2<\/td>\n<td>-10.5<\/td>\n<td>2.1<\/td>\n<\/tr>\n<tr>\n<td>H-T<\/td>\n<td>HYDRO ONE LIMITED<\/td>\n<td>36.04<\/td>\n<td>21591<\/td>\n<td>1.4<\/td>\n<td>5.1<\/td>\n<td>7.1<\/td>\n<td>20.9<\/td>\n<td>0.8<\/td>\n<td>3.2<\/td>\n<\/tr>\n<tr>\n<td>WN-T<\/td>\n<td>GEORGE WESTON LIMITED<\/td>\n<td>149.53<\/td>\n<td>20620<\/td>\n<td>2.0<\/td>\n<td>8.6<\/td>\n<td>6.1<\/td>\n<td>12.4<\/td>\n<td>-4.0<\/td>\n<td>1.9<\/td>\n<\/tr>\n<tr>\n<td>BCE-T<\/td>\n<td>BCE INC.<\/td>\n<td>56.32<\/td>\n<td>51380<\/td>\n<td>1.4<\/td>\n<td>5.1<\/td>\n<td>5.5<\/td>\n<td>22.4<\/td>\n<td>-13.5<\/td>\n<td>7.0<\/td>\n<\/tr>\n<tr>\n<td>NWC-T<\/td>\n<td>NORTH WEST COMPANY INC.<\/td>\n<td>31.03<\/td>\n<td>1484<\/td>\n<td>2.2<\/td>\n<td>4.6<\/td>\n<td>3.3<\/td>\n<td>12.8<\/td>\n<td>-12.6<\/td>\n<td>5.0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p class=\"c-article-body__text text-pr-5\"><strong>TransAlta Corp<\/strong>.\u00a0is a diversified energy company known for producing electricity generated from natural gas, coal, hydro and wind. The company has increased its annualized dividend by a noteworthy 9.2 per cent over the past three years. With a P\/E ratio of 13.9, TransAlta\u2019s stock valuation appears reasonable, potentially offering investors an attractive entry point. Moreover, the company\u2019s two-year sales growth of 51 per cent underscores its ability to expand revenues. TransAlta also demonstrates commitment to environmental, social and governance principles, as it is currently in a multiyear transition to convert or retire all of its thermal coal units by the end of 2025.<\/p>\n<p class=\"c-article-body__text text-pr-5\"><strong>Premium Brands Holdings Corp.<\/strong>\u00a0 makes specialty food products, including high-quality ready-to-eat offerings. With an EPI of 1, the company creates little economic value added with its operations. However, Premium Brands\u2019 substantial sales growth of 44 per cent over the past two years underscores its successful expansion and strong presence in its niche markets. The sales growth potential could pave the way for enhanced future value creation and serve as the foundation for increasing dividends. The company has raised its dividend by an annualized 10.1 per cent over the past three years.<\/p>\n<p class=\"c-article-body__text text-pr-5\"><strong>Telus Corp.<\/strong> is a telecommunications company that specialize in providing internet and mobile plans. The share price decreased 21 per cent over the past year, partly because of sister company Telus International Inc.\u2019s decline of 69.6 per cent. Amid these challenging circumstances, Telus maintains a notable EPI of 1.4, highlighting its robust position despite short-term challenges.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Investors are advised to do further research before investing in any of the companies listed in the accompanying table.<\/p>\n<p class=\"c-article-body__text text-pr-5\"><i>Anthony M\u00e9nard, CFA, is vice-president of data management at Inovestor.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What are we looking for? Resilient companies unfazed by an economic downturn. The Bank of Canada\u2019s key policy interest rate stands at 5 per cent, double what it was a year ago. Concurrently, year-over-year retail sales in Canada have already dipped into negative territory, declining by 0.6 per cent in June, according to the most [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-50434","post","type-post","status-publish","format-standard","hentry","category-number-cruncher"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>11 TSX companies that can be resilient in an economic downturn - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/en-ca\/2023\/08\/11-tsx-companies-that-can-be-resilient-in-an-economic-downturn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"11 TSX companies that can be resilient in an economic downturn\" \/>\n<meta property=\"og:description\" content=\"What are we looking for? 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