Canadian Undervalued Stocks Based On Cash Flows

Decisive Dividend

Market Cap: CA$141.5m

Through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and fireplaces in Canada, the United States, and internationally.

Dexterra Group

Market Cap: CA$722.6m

Engages in the provision of support services for the creation, management, and operation of infrastructure in Canada.

Neo Performance Materials

Market Cap: CA$692.6m

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.

Topicus.com

Market Cap: CA$10.4b

Provides vertical market software and vertical market platforms in the Netherlands and internationally.

Lithium Royalty

Market Cap: CA$359.8m

Operates as a lithium-focused royalty company in Canada, the United States, Australia, Argentina, Brazil, and South America.

Constellation Software

Market Cap: CA$72.0b

Acquires, builds, and manages vertical market software businesses to develop mission-critical software solutions for public and private sector markets.

Haivision Systems

Market Cap: CA$138.1m

Provides mission-critical, real-time video networking, and visual collaboration solutions in Canada, the United States, and internationally.

Exchange Income

Market Cap: CA$4.3b

Engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide.

First Majestic Silver

Market Cap: CA$8.6b

Engages in the acquisition, exploration, development, and production of mineral properties in North America.

Kinaxis

Market Cap: CA$5.0b

Provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada.

Savaria

Market Cap: CA$1.5b

Provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally.

5N Plus

Market Cap: CA$1.8b

Produces and sells specialty semiconductors and performance materials in the Americas, Europe, Asia, and internationally.

New Found Gold

Market Cap: CA$759.9m

A mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada.

OceanaGold

Market Cap: CA$7.7b

A gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand.

NanoXplore

Market Cap: CA$420.9m

A graphene company, manufactures and supplies graphene powder for use in transportation and industrial markets in Australia.

Endeavour Mining

Market Cap: CA$14.9b

Operates as a multi-asset gold producer in West Africa.

Artemis Gold

Market Cap: CA$8.4b

Focuses on the identification, acquisition, and development of gold properties.

Aecon Group

Market Cap: CA$1.7b

Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally.

Major Drilling Group International

Market Cap: CA$1.0b

Provides contract drilling services to mining and mineral exploration companies in the United States, Canada, South and Central America, Australasia, and Africa.

Tourmaline Oil

Market Cap: CA$24.2b

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

Tantalus Systems Holding

Market Cap: CA$218.7m

A technology company, provides smart grid solutions in Canada and the United States.

Northland Power

Market Cap: CA$4.2b

Operates as a power producer in Canada, the Netherlands, Germany, Colombia, Spain, the United States, and internationally.

Colliers International Group

Market Cap: CA$10.2b

Provides commercial real estate to corporate and institutional clients in the United States, Canada, Europe, Australia, the United Kingdom, Poland, China, India, and internationally.

Badger Infrastructure Solutions

Market Cap: CA$2.4b

Provides non-destructive excavating and related services in Canada and the United States.

VersaBank

Market Cap: CA$543.0m

Provides various banking products and services in Canada and the United States.

Triple Flag Precious Metals

Market Cap: CA$9.2b

A precious metals streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties, and other mineral interests in Australia, Canada, Colombia, Cote d’Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, and the United States.

Aritzia

Market Cap: CA$12.6b

Designs, develops, and sells apparels and accessories for women in the United States and Canada.

Alphamin Resources

Market Cap: CA$1.3b

Engages in the production and sale of tin concentrate.

Discovery Silver

Market Cap: CA$5.1b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada.