My top 10 Multibagger Ideas for 2026
Fast-growers, asset plays or turnarounds? Take your pick.
New to The Atomic Moat? If you want more multibagger lists such as this sent to your inbox, join 750+ other investors below.
FROM THE BUNKER: The Wasteland is noisy right now. The S&P 500 is doing its usual dance, and the pundits are screaming about “soft landings” or “hard crashes” like they’re predicting the weather on Mars. Ignore them.
Here in the Bunker, we don’t predict. We look for mispriced asymmetric bets. We turn over rocks. We read the footnotes. We look for the “fat pitches” that Wall Street is too busy chasing NVIDIA to notice.
For 2026, I’m deploying the Peter Lynch Protocol. We aren’t buying “the market.” We are buying businesses. Specifically, we are hunting in four specific kill-zones:
Fast Growers: 20%+ growth priced like utilities.
Turnarounds: Companies left for dead that are twitching back to life.
Asset Plays: Dollars selling for 50 cents.
Moonshots: The “Whisper Stocks” that could 10x or go to zero.
Here is the list. Stay rational.
Disclaimer: All content is for informational and entertainment purposes only and does not constitute financial advice.
I. THE FAST GROWERS
Growth at a Reasonable Price (GARP). We want the compounders.
1. Propel Holdings (PRL)
The Hook: “The AI Fintech That Actually Prints Cash.” Lynch Stars: ⭐⭐⭐⭐⭐
Most fintechs are just charity projects for software engineers—great tech, terrible business models. Propel is different. They lend to the people banks ignore, but they use an AI engine that actually works. While competitors are bleeding cash, Propel is delivering 27% growth, solid profits, and—get this—a dividend. They are the “Payday Lender” 2.0, but ethical, digital, and profitable.
THE NUMBERS (ON A NAPKIN):
P/E Ratio: ~11-12x (Historical average is wild, but current is cheap).
Growth: 20%+ Top Line.
The Moat: Proprietary AI that prices risk better than the legacy players.
THE VERDICT: If this gets even a whiff of a “Tech Multiple” (P/E 30x), it’s a double. If it just keeps growing earnings, it’s a compounder. Heads we win, tails we don’t lose much.
2. Rumbu Holdings (RMB.V)
The Hook: “Death is Boring. And Profitable.” Lynch Stars: ⭐⭐⭐⭐
Peter Lynch loved the funeral business. Why? No competition. No “disruption” (unless we invent immortality). Rumbu is a classic Roll-Up. They buy mom-and-pop funeral homes in Western Canada for cheap (3-5x EBITDA) and integrate them. The kicker? Insiders own 62% of the stock. They are eating their own cooking.
THE NUMBERS (ON A NAPKIN):
Strategy: Arbitrage. Buy at 4x, trade at 10x.
Market Cap: Nano/Micro-cap territory (~$10M CAD).
Risk: Liquidity. It’s hard to get in, hard to get out.
THE VERDICT: A “Slow Grower” industry with a “Fast Grower” strategy. It’s unsexy, morbid, and arguably the safest bet on this list.
3. Shift4 Payments (FOUR)
The Hook: “The Cash Fortress Larping as a Tech Stock.” Lynch Stars: ⭐⭐⭐⭐
Shift4 processes payments for hotels, stadiums, and restaurants. They are the plumbing of the experience economy. The market hates them right now (volatile pricing), but look at the balance sheet. They are sitting on a mountain of cash (~$1.5 Billion). It’s a “Cash Fortress.” The market is pricing them like a dying commoditized processor (P/OCF ~8-11x), but they are growing like a tech darling.
THE NUMBERS (ON A NAPKIN):
Valuation: P/OCF is rock bottom compared to peers.
Cash: Enough to buy back a huge chunk of the float if they wanted to.
THE VERDICT: This is a coiled spring. We are waiting for a repricing to “normal” payment multiples (20x OCF).
II. THE TURNAROUNDS
The “Ick” Factor. Buying what makes others nauseous.
4. Root Inc (ROOT)
The Hook: “The Black Sheep of Insurance Becomes the Golden Goose.” Lynch Stars: ⭐⭐⭐⭐
For years, Root was the laughing stock of Wall Street. “They use telematics! They track your driving!” The market said it wouldn’t work and priced them for bankruptcy. Guess what? It’s working. They just posted their first profitable quarter/year. The algorithm is finally pricing risk correctly. Wall Street is slow to forgive, which gives us our window.
THE NUMBERS (ON A NAPKIN):
The Swing: From massive losses to Net Income positive ($31M).
The Catalyst: When a “distressed” stock gets re-rated as a “growth” stock, the multiple explosion is violent.
THE VERDICT: We have passed the “Point of Maximum Danger.” Now we ride the “re-rating curve.”
5. Oscar Health (OSCR)
The Hook: “Don’t Look at Net Income. Look at the Wallet.” Lynch Stars: ⭐⭐⭐
Another hated insurer. On the surface (Net Income), it looks like they are losing money or barely scraping by. Invert it. Look at the Operating Cash Flow (OCF). They are printing money. The discrepancy is due to non-cash accounting noise. At ~4-5x EV/OCF, you are buying a company with $11B+ in revenue for peanuts.
THE NUMBERS (ON A NAPKIN):
EV/OCF: ~3.8x (As of late 2025 data).
Revenue: Massive scale ($5B+ growing to $11B range).
THE VERDICT: The market is illiterate. It reads headlines, not cash flow statements. This is a classic “Accounting Arbitrage.”
III. THE ASSET PLAYS
Buying dollar bills for 50 cents.
6. BitMine (BMNR)
The Hook: “Ethereum on Clearance.” Lynch Stars: ⭐⭐⭐⭐
This is a weird one, folks. Through a quirk of structure or market ignorance, BitMine is essentially trading as a proxy for its massive Ethereum holdings—but at a discount. You aren’t buying a company here; you are buying a vault of ETH for less than the price of the coins inside.
THE NUMBERS (ON A NAPKIN):
The Math: If NAV (Net Asset Value) > Stock Price, you buy.
The Turbo: If Crypto has a bull run in 2026, this acts like a leveraged call option on ETH.
THE VERDICT: Pure financial engineering play. If the gap closes, you win. If ETH goes up, you win double.
7. Salzgitter AG (SZG)
The Hook: “German Steel for Scrap Value.” Lynch Stars: ⭐⭐⭐
The German industrial sector is depressed. Perfect. Salzgitter trades at a Price/Book of ~0.5. You are paying half price for their factories, land, and inventory. Plus, they own a massive stake in Aurubis (copper giant) that covers a huge chunk of their own market cap. You get the steel business for free.
THE NUMBERS (ON A NAPKIN):
P/B Ratio: ~0.4 - 0.5.
Cash: Roughly half the market cap is covered by net cash.
THE VERDICT: Cyclical play. When Europe turns the lights back on, this stock triples. Until then, the downside is protected by hard assets.
8. Progressive Planet (PLAN)
The Hook: “Funding a Revolution with Kitty Litter.” Lynch Stars: ⭐⭐⭐
I love this business model. Side A: They sell kitty litter. Boring. Recession-proof. Cash generative.. Side B: They are using that cash to develop “Pozzolan” cement—a green alternative to concrete. The market prices them as a kitty litter company. The cement tech is a “free lottery ticket.”
THE NUMBERS (ON A NAPKIN):
Downside: You own a profitable mineral business.
Upside: The cement tech gets adopted, and this becomes a green-tech darling.
THE VERDICT: Heads I make money (Litter), Tails I make a fortune (Cement).
IV. THE MOONSHOTS
The “Whisper Stocks.” High risk, infinite reward.
9. Pagaya Technologies (PGY)
The Hook: “The Brain Inside the Bank.” Lynch Stars: ⭐⭐ (High Risk)
Banks are dumb dinosaurs. They use FICO scores from the 1980s. Pagaya plugs an AI brain into the bank’s system via API. It says, “Lend to this guy, he’s good for it,” even if his FICO is low. They don’t take the credit risk (mostly); they just take a fee. It’s a network effect model.
THE NUMBERS (ON A NAPKIN):
Scale: Handling billions in volume.
Leverage: No capital required to grow (Asset Light).
THE VERDICT: If this becomes the standard “Intel Inside” for bank lending, it’s a 10-bagger.
10. IREN (Iris Energy)
The Hook: “Selling Shovels in the AI Gold Rush.” Lynch Stars: ⭐⭐⭐
Everyone wants to mine Bitcoin or train AI models. Both need two things: Chips and Power. IREN builds massive, renewable-powered data centers. They can pivot between mining Bitcoin and hosting AI compute depending on what pays more. They are the infrastructure layer for the next decade.
THE NUMBERS (ON A NAPKIN):
Catalyst: AI compute demand is infinite right now.
Safety: They own the power/real estate, not just the depreciating chips.
THE VERDICT: A double-dip on the two biggest trends of the 2020s: AI and Hard Money.
Stay Rational.
DISCLAIMER
The Atomic Moat is a financial publisher, not an investment advisor. All content is for informational and entertainment purposes only and does not constitute financial advice. The author (Rob H.) is not a licensed financial professional. Investing in financial markets involves a high degree of risk, including the potential loss of your entire investment. Past performance is not indicative of future results. The author may hold positions in the securities discussed in this transmission. By reading this, you agree to do your own due diligence before deploying capital.
Check out our PRL deep dive we wrote a little while back! Serious upside here.
. The Five Fundamental Truths
Truth One: Follow the Money, Not the Noise
The most important analytical principle available to any investor is also the simplest: observe where serious capital actually flows, and ignore where public attention is directed. These are almost never the same place.
Financial media exists to generate engagement, which requires novelty, conflict, and urgency. The assets and strategies discussed on financial television are selected for their ability to produce clicks and views, not for their ability to produce long-term wealth. The instruments promoted most heavily — options, leveraged ETFs, meme stocks, cryptocurrency speculation — are precisely those that generate the most fees and spreads for the intermediaries who sit between the retail investor and the market.
Serious capital — sovereign wealth funds, family offices, central banks, strategic industrial investors — moves quietly. It moves through private placements, negotiated stakes, multi-year lock-up agreements, and board-level engagement. By the time these moves become public knowledge, the position is already built and the opportunity structure has already shifted.
The retail investor’s edge is not in beating institutions to the trade. It is in recognizing where institutional capital has already been committed and positioning alongside it at a scale the institutions cannot replicate. When a billionaire’s investment fund takes a 20% stake in a micro-cap company through a private placement with a two-year lock-up, that is not a stock tip. That is a structural commitment. The retail investor who understands this distinction can accumulate shares in the open market at prices the institutional investor has already validated through their own due dilig
ence.