Canadian Undervalued Stocks Based On Cash Flows

Decisive Dividend

Market Cap: CA$142.3m

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

First Majestic Silver

Market Cap: CA$11.4b

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

Neo Performance Materials

Market Cap: CA$692.2m

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.

Endeavour Mining

Market Cap: CA$15.7b

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

Dexterra Group

Market Cap: CA$753.1m

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

EQB

Market Cap: CA$3.7b

Through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada.

Topicus.com

Market Cap: CA$10.0b

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

Constellation Software

Market Cap: CA$69.0b

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

GURU Organic Energy

Market Cap: CA$146.3m

A beverage company, produces, markets, and distributes natural, plant-based, and organic energy drinks in Canada and the United States.

Major Drilling Group International

Market Cap: CA$1.1b

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

5N Plus

Market Cap: CA$1.7b

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

Kinaxis

Market Cap: CA$4.9b

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

NanoXplore

Market Cap: CA$399.1m

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

Savaria

Market Cap: CA$1.6b

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

Exchange Income

Market Cap: CA$4.5b

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

Lithium Royalty

Market Cap: CA$392.7m

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

Haivision Systems

Market Cap: CA$148.8m

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

Pan American Silver

Market Cap: CA$29.3b

Engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil.

BRP

Market Cap: CA$7.8b

Designs, develops, manufactures, and sells powersports vehicles and marine products in the Mexico, Canada, Austria, the United States, Finland, Australia, and Germany.

Montage Gold

Market Cap: CA$3.1b

Engages in the acquisition, exploration, and development of mineral properties in Africa.

VersaBank

Market Cap: CA$631.9m

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

Aya Gold & Silver

Market Cap: CA$2.9b

Engages in the exploration, evaluation, and development of precious metals projects in Morocco.

New Found Gold

Market Cap: CA$943.7m

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

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.

Aecon Group

Market Cap: CA$2.0b

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.

ShaMaran Petroleum

Market Cap: CA$718.9m

Engages in the oil and gas exploration and production.

Aritzia

Market Cap: CA$13.3b

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

Badger Infrastructure Solutions

Market Cap: CA$2.7b

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