Canadian Undervalued Stocks Based On Cash Flows

Decisive Dividend

Market Cap: CA$140.7m

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

Neo Performance Materials

Market Cap: CA$675.1m

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.

Dexterra Group

Market Cap: CA$752.8m

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.

Endeavour Mining

Market Cap: CA$16.1b

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

Topicus.com

Market Cap: CA$10.5b

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

5N Plus

Market Cap: CA$1.6b

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

GURU Organic Energy

Market Cap: CA$151.7m

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$1.0b

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

NanoXplore

Market Cap: CA$397.3m

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.

Constellation Software

Market Cap: CA$70.7b

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

Kinaxis

Market Cap: CA$4.9b

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

Exchange Income

Market Cap: CA$4.5b

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

Haivision Systems

Market Cap: CA$152.3m

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

Pan American Silver

Market Cap: CA$28.7b

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

Lithium Royalty

Market Cap: CA$404.9m

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

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.

Aya Gold & Silver

Market Cap: CA$3.0b

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

Montage Gold

Market Cap: CA$3.2b

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

New Found Gold

Market Cap: CA$931.5m

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

VersaBank

Market Cap: CA$625.8m

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

Digi Power X

Market Cap: CA$230.9m

An energy infrastructure company, develops data centers to drive the expansion of energy assets in the United States.

ShaMaran Petroleum

Market Cap: CA$704.5m

Engages in the oil and gas exploration and production.

Colliers International Group

Market Cap: CA$10.1b

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

West Fraser Timber

Market Cap: CA$6.5b

A diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy.

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.

Aritzia

Market Cap: CA$13.1b

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

Tantalus Systems Holding

Market Cap: CA$250.6m

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

Badger Infrastructure Solutions

Market Cap: CA$2.6b

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