Canadian Potentially Undervalued Companies

Enghouse Systems

Market Cap: CA$1.2b

Develops enterprise software solutions worldwide.

PetroTal

Market Cap: CA$548.1m

Engages in the exploration, appraisal and development of oil and natural gas in Peru, South America.

Atrium Mortgage Investment

Market Cap: CA$556.3m

Provides financing solutions to the commercial real estate and development communities in Canada.

CES Energy Solutions

Market Cap: CA$2.0b

Engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.

Pivotree

Market Cap: CA$40.1m

Designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers worldwide.

Atico Mining

Market Cap: CA$45.1m

Engages in the acquisition, exploration, and development of copper and gold projects in Latin America.

Yangarra Resources

Market Cap: CA$100.3m

A junior oil and gas company, engages in the exploration, development, and production of natural gas and conventional oil resource properties in Western Canada.

Fortuna Mining

Market Cap: CA$3.8b

Engages in the precious and base metal mining and related activities in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, Peru, and Senegal.

Titanium Transportation Group

Market Cap: CA$62.1m

Operates as an asset-based transportation and logistics company in North America.

Transat A.T

Market Cap: CA$102.1m

Engages in the leisure travel business in the Americas, Europe, and the Transatlantic.

InPlay Oil

Market Cap: CA$349.8m

Engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in Canada.

Lassonde Industries

Market Cap: CA$1.4b

Develops, manufactures, and markets a range of ready-to-drink beverages, fruit-based snacks, frozen juice concentrates, and specialty food products in Canada, the United States, and internationally.

Western Energy Services

Market Cap: CA$68.7m

Operates as an oilfield service company in Canada and the United States.

Doman Building Materials Group

Market Cap: CA$799.2m

Through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada.

Ascend Wellness Holdings

Market Cap: US$142.3m

Engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States.

Flagship Communities Real Estate Investment Trust

Market Cap: CA$657.0m

An unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust dated August 12, 2020 (as subsequently amended and restated, the “Declaration of Trust”) under the laws of the Province of Ontario.

Perseus Mining

Market Cap: CA$6.6b

Explores, evaluates, develops, and mines for gold properties in Ghana, Côte d’Ivoire, Tanzania, and Sudan.

Thermo Fisher Scientific

Market Cap: CA$183.1b

Provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in the North America, Europe, Asia-Pacific, and internationally.

Thermal Energy International

Market Cap: CA$23.2m

Engages in the development, engineering, and supply of pollution control, heat recovery systems, and condensate return solutions in North America, Europe, and internationally.

Tiny

Market Cap: CA$168.3m

A venture capital and private equity firm specializing in buyouts.

Rogers Communications

Market Cap: CA$26.1b

Operates as a communications and media company in Canada.

Andean Precious Metals

Market Cap: CA$1.2b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Bird Construction

Market Cap: CA$1.7b

Provides construction services in Canada.

Bombardier

Market Cap: CA$19.3b

Engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide.

Magellan Aerospace

Market Cap: CA$934.8m

Through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe.

Hudbay Minerals

Market Cap: CA$8.3b

A diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America.

Pine Cliff Energy

Market Cap: CA$226.0m

Engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin.

Cogeco Communications

Market Cap: CA$2.7b

Operates as a telecommunications corporation in Canada and the United States.

United Parcel Service

Market Cap: CA$70.8b

A package delivery and logistics provider, offers transportation and delivery services.

Leon's Furniture

Market Cap: CA$2.0b

Operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada.

Pason Systems

Market Cap: CA$942.8m

Provides instrumentation and data management systems for oil and gas drilling in Canada, the United States, and internationally.

Ensign Energy Services

Market Cap: CA$452.2m

Provides oilfield services to the oil and natural gas industries in Canada, the United States, and internationally.

Lightspeed Commerce

Market Cap: CA$2.2b

Engages in sale of cloud-based software subscriptions and payments solutions for single and multi-location retailers, restaurants, golf course operators, and other businesses.

Verano Holdings

Market Cap: CA$701.9m

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

Deere

Market Cap: CA$123.6b

Engages in the manufacture and distribution of various equipment worldwide.

Osisko Development

Market Cap: CA$1.1b

Acquires, explores, and develops precious metals resource properties in Canada, Mexico, and the United States.