Canadian Undervalued over 20% based on DCF

Royal Bank of Canada

Market Cap: CA$317.5b

Operates as a diversified financial service company worldwide.

Toronto-Dominion Bank

Market Cap: CA$221.1b

Provides various financial products and services in Canada, the United States, and internationally.

Bank of Montreal

Market Cap: CA$133.7b

Engages in the provision of diversified financial services primarily in North America.

Canadian Imperial Bank of Commerce

Market Cap: CA$123.3b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

Bank of Nova Scotia

Market Cap: CA$120.3b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

Suncor Energy

Market Cap: CA$108.9b

Operates as an integrated energy company in Canada, the United States, and internationally.

Barrick Mining

Market Cap: CA$97.2b

Engages in the exploration, development, production, and sale of mineral properties.

Imperial Oil

Market Cap: CA$87.8b

Engages in exploration, production, and sale of crude oil and natural gas in Canada.

Alimentation Couche-Tard

Market Cap: CA$71.9b

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

National Bank of Canada

Market Cap: CA$71.4b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Nutrien

Market Cap: CA$50.5b

Provides crop inputs and services.

Intact Financial

Market Cap: CA$43.8b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

GFL Environmental

Market Cap: CA$22.4b

Provides non-hazardous solid waste management services in Canada and the United States.

CGI

Market Cap: CA$21.9b

Provides information technology and business process services in Western and Southern Europe, the United States, Canada, Scandinavia, Northwest and Central-East Europe, the United Kingdom, Australia, Germany, Finland, Poland, Baltics, and the Asia Pacific.

Magna International

Market Cap: CA$21.2b

Operates as an automotive supplier in North America, Europe, the Asia Pacific, and internationally.

Endeavour Mining

Market Cap: CA$20.5b

Operates as a gold mining company in West Africa.

Metro

Market Cap: CA$20.4b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Saputo

Market Cap: CA$17.7b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, Argentina, and the United Kingdom.

IGM Financial

Market Cap: CA$15.7b

Engages in the wealth and asset management business in Canada.

ARC Resources

Market Cap: CA$15.7b

Acquires and develops crude oil, natural gas, condensate, and natural gas liquids in Canada.

IAMGOLD

Market Cap: CA$15.7b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

CCL Industries

Market Cap: CA$15.2b

Manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films.

AltaGas

Market Cap: CA$15.2b

Operates as an energy infrastructure company in North America.

Gildan Activewear

Market Cap: CA$14.0b

Manufactures and sells various apparel products.

TFI International

Market Cap: CA$12.7b

Provides transportation and logistics services in the United States, Canada, and Mexico.

Element Fleet Management

Market Cap: CA$12.2b

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

CAE

Market Cap: CA$11.8b

Provides training, simulation, and critical operation solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and rest of the Americas.

OR Royalties

Market Cap: CA$10.5b

Acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally.

Capital Power

Market Cap: CA$10.4b

Develops, acquires, owns, and operates utility-scale renewable and flexible generation facilities in Canada and the United States.

OceanaGold

Market Cap: CA$10.1b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

Topicus.com

Market Cap: CA$8.0b

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

Colliers International Group

Market Cap: CA$7.7b

Provides commercial real estate, engineering, and investment management solutions in the United States, Canada, Europe, Australia, the United Kingdom, Poland, China, India, and internationally.

Definity Financial

Market Cap: CA$7.6b

Offers property and casualty insurance products in Canada.

PrairieSky Royalty

Market Cap: CA$7.5b

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Canada.

Methanex

Market Cap: CA$6.4b

Engages in the production and sale of methanol and ammonia in Asia Pacific, North America, Europe, and South America.

Lumine Group

Market Cap: CA$5.9b

Develops, installs, and customizes software, and related professional and support services worldwide.