Canadian Diversified Financials Undervalued over 20% based on DCF

IGM Financial

Market Cap: CA$16.0b

Engages in the wealth and asset management business in Canada.

Westaim

Market Cap: CA$816.6m

A private equity and venture capital firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements.

Atrium Mortgage Investment

Market Cap: CA$568.6m

Provides financing solutions to the residential, multi-residential, and commercial real estate businesses in Canada.

Timbercreek Financial

Market Cap: CA$560.2m

Provides shorter-duration structured financing solutions to commercial real estate investors in Canada.

Firm Capital Mortgage Investment

Market Cap: CA$441.6m

Through its mortgage banker, Firm Capital Corporation, provides residential home and commercial short-term bridge and conventional real estate financing services in Canada and the United States.

Olympia Financial Group

Market Cap: CA$288.4m

Through its subsidiary, Olympia Trust Company, operates as a non-deposit taking trust company in Canada.

Coloured Ties Capital

Market Cap: CA$6.1m

A venture capital firm specializing in startups and early stage investments.

Digital Asset Technologies

Market Cap: CA$1.1m

Eat & Beyond Global Holdings Inc. is a private equity and venture capital firm specializing in early stage, emerging growth, growth, expansion, buy-ins or buy-out investments.