Experience the Benefits of Global Investing With These TSX-listed Stocks

TSX-listed stocks like Topicus offer access to foreign markets.

North America’s economy isn’t in a robust position. Higher interest rates have already triggered bank defaults and volatility in America, while Canadian consumers and homeowners are struggling with the rising cost of living. 

In such an environment, investors may want to cast a wide net and look for opportunities in other countries. Here are the top three TSX stocks that experience the benefits of global growth. 

Fairfax India

Prem Watsa’s investment vehicle in India is probably one of the best ways to bet on emerging markets. The billionaire investor has deployed over $5 billion in assets across India via Fairfax India Holdings (TSX:FIH.U). The company owns a stake in India’s largest stock exchange, a mid-sized bank, an airport in a tier-1 city, and a wealth management firm. 

This portfolio is already well-positioned to benefit from India’s growth. Meanwhile, Watsa has promised to deploy even more capital in India in the next five years. 

The stock is trading at U.S.12.50 per share, which is significantly below the book value of $18. For investors looking for a bargain deal on a rapidly growing emerging market, FIH is a great pick!

Topicus

Constellation Software is one of the most successful tech companies in Canada. Now, a spin-off of the conglomerate is trying to replicate its success in Europe. Topicus (TSXV:TOI) targets niche vertical enterprise software across the continent. Its portfolio already includes inventory management, accounting, and government software services. 

Over the past year, the company has deployed more capital for acquisitions than ever before. The valuation of software companies in Europe was already lower than their U.S. counterparts. Now, the tech correction has created a better opportunity. 

I expect Topicus to deliver robust earnings growth in the near term as these recent acquisitions are fully integrated. Keep an eye on this underrated opportunity.  

Alimentation Couche Tard

With 14,302 convenience stores across Canada, the United States, Mexico, Ireland, Norway, Sweden, Denmark, Estonia, Latvia, Lithuania, Poland, Japan, China, and Indonesia, Alimentation Couche-Tard (TSX:ATD) is one of the most international stocks on the market. 

Couche Tard generates only 12% of its revenue in Canada. The majority, 69%, is based in the United States. Recently, Couche Tard acquired 2200 retail sites from oil company TotalEnergies in France. This further entrenches Couche Tard in Europe. 

The company is arguably undervalued. The stock is trading at a price-to-earnings ratio of just 17.4. The dividend payout ratio is just over 10%, which means investors could expect further cash reward growth in the future. Meanwhile, sales are growing rapidly and the company is even buying back its own shares. 

Keep an eye on this undervalued growth story. 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Vishesh Raisinghani has positions in Alimentation Couche-Tard, Constellation Software, Fairfax India, and Topicus.com. The Motley Fool has positions in and recommends Alimentation Couche-Tard and Topicus.com. The Motley Fool recommends Constellation Software. The Motley Fool has a disclosure policy.

More on Investing

think thought consider
Investing

Should You Buy Couche-Tard Stock Aggressively Before Nov. 25?

Here’s what could help Couche-Tard stock rebound after its upcoming earnings event.

Read more »

calculate and analyze stock
Bank Stocks

4% Dividend Yield? I Keep Buying This Dividend Stock in Bulk!

If you find the perfect dividend stock, you never have to worry about investing again. And that's what you get…

Read more »

Paper Canadian currency of various denominations
Dividend Stocks

Should You Buy the 3 Highest-Paying Dividend Stocks in Canada?

A few dividend stocks saw a sharp correction in November, increasing their yields. Are they a buy for high dividends?

Read more »

oil and natural gas
Investing

Is Imperial Oil Stock a Buy for its 2.3% Dividend Yield?

Imperial Oil (TSX:IMO) stock: A century of dividends, 30 years of growth, and a 2.3% yield that could evolve into…

Read more »

Paper Canadian currency of various denominations
Stock Market

3 No-Brainer Stocks to Buy Right Now for Less Than $120

Here are three undervalued TSX stocks that are positioned to deliver outsized gains to shareholders over the next 12 months.

Read more »

Man holds Canadian dollars in differing amounts
Investing

Have $500? 3 Absurdly Cheap Stocks Long-term Investors Should Buy Right Now

These three cheap stocks offer excellent buying opportunities for long-term investors.

Read more »

money while you sleep
Dividend Stocks

Buy These 2 High-Yield Dividend Stocks Today and Sleep Soundly for a Decade

These stocks pay attractive dividends that should continue to grow.

Read more »

Pile of Canadian dollar bills in various denominations
Dividend Stocks

$15,000 Windfall? This Dividend Stock Is the Perfect Buy for Monthly Passive Income

If you get a windfall, after debt investing should be your next top option to create even more passive income!

Read more »