Canadian Potentially Undervalued Companies

Chorus Aviation

Market Cap: CA$533.0m

Through its subsidiaries, provides aviation services.

Sabio Holdings

Market Cap: CA$16.2m

Operates as a technology provider in the advertising areas of connected TV (CTV) and over-the-top (OTT) streaming in the United States and the United Kingdom.

ACT Energy Technologies

Market Cap: CA$183.2m

Provides directional drilling services to oil and natural gas exploration and development companies in Canada and the United States.

Air Canada

Market Cap: CA$5.7b

Provides domestic, U.S. transborder, and international airline services.

Highwood Asset Management

Market Cap: CA$57.9m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

Vecima Networks

Market Cap: CA$243.1m

Engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics.

Sangoma Technologies

Market Cap: CA$222.0m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Element Fleet Management

Market Cap: CA$13.8b

Operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand.

Open Text

Market Cap: CA$8.2b

Designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

ARC Resources

Market Cap: CA$13.5b

Engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada.

Verano Holdings

Market Cap: CA$668.4m

Operates as a vertically integrated multi-state cannabis operator in the United States.

Richards Group

Market Cap: CA$336.1m

Designs, manufactures, and distributes packaging containers and healthcare supplies and products in North America.

Decibel Cannabis

Market Cap: CA$60.6m

An integrated cannabis company, engages in the cannabis cultivation in Canada.

Chemtrade Logistics Income Fund

Market Cap: CA$1.7b

Offers industrial chemicals and services in Canada, the United States, and South America.

Alithya Group

Market Cap: CA$166.3m

Provides information technology services and solutions through digital technologies in Canada, the United States, and internationally.

WELL Health Technologies

Market Cap: CA$1.1b

Operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally.

Valeura Energy

Market Cap: CA$881.2m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Neo Performance Materials

Market Cap: CA$764.6m

Engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in China, Japan, Thailand, South Korea, North America, Europe, and internationally.

Gildan Activewear

Market Cap: CA$13.1b

Manufactures and sells various apparel products.

Athabasca Oil

Market Cap: CA$3.4b

Engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada.

Alimentation Couche-Tard

Market Cap: CA$68.4b

Operates and licenses convenience stores in North America, Europe, and Asia.

Saturn Oil & Gas

Market Cap: CA$516.9m

Engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada.

Curaleaf Holdings

Market Cap: CA$2.8b

Produces and distributes cannabis products in the United States and internationally.

PayPal Holdings

Market Cap: CA$52.9b

Operates a technology platform that enables digital payments for merchants and consumers worldwide.

Serabi Gold

Market Cap: CA$261.3m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Eldorado Gold

Market Cap: CA$11.4b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

Primaris Real Estate Investment Trust

Market Cap: CA$2.0b

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in enclosed shopping centres in Canadian markets.

Canadian Pacific Kansas City

Market Cap: CA$88.3b

Owns and operates a transcontinental freight railway in Canada, the United States, and Mexico.

Source Energy Services

Market Cap: CA$225.0m

Engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States.

Microsoft

Market Cap: CA$3.5t

Develops and supports software, services, devices, and solutions worldwide.

Cogeco

Market Cap: CA$618.1m

Operates in the communications and media sectors in Canada and the United States.

ATCO

Market Cap: CA$6.5b

Engages in the energy, logistics and transportation, shelter, and real estate services in Canada, Australia, and internationally.

Propel Holdings

Market Cap: CA$904.4m

Operates as a financial technology company.

Canadian Natural Resources

Market Cap: CA$95.8b

Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

Fairfax Financial Holdings

Market Cap: CA$56.0b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

SSR Mining

Market Cap: CA$6.7b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.