Canadian Undervalued over 20% based on DCF

A & W Food Services of Canada

Market Cap: CA$888.5m

Engages in the development and franchise of quick service restaurants in Canada.

Rogers Sugar

Market Cap: CA$851.7m

Engages in refining, packaging, marketing, and distribution of sugar, maple syrup, and related products in Canada, the United States, Europe, and internationally.

Aclara Resources

Market Cap: CA$851.0m

A mining company, engages in the exploration and development of rare-earth mineral resources in Chile, Brazil and Peru.

Doman Building Materials Group

Market Cap: CA$848.7m

Through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada.

Information Services

Market Cap: CA$837.2m

Provides registry and information management services for public data and records in Canada.

Westaim

Market Cap: CA$833.6m

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.

Dream Unlimited

Market Cap: CA$803.1m

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm.

Diversified Royalty

Market Cap: CA$750.7m

A multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America.

Knight Therapeutics

Market Cap: CA$750.0m

Focuses on acquiring, in-licensing, out-licensing, marketing, and commercializing prescription pharmaceutical products in Canada and Latin America.

Dexterra Group

Market Cap: CA$750.2m

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

Cineplex

Market Cap: CA$689.9m

Operates as an entertainment and media company in Canada and internationally.

Martinrea International

Market Cap: CA$677.8m

Engages in the design, development, manufacture, and sale of engineered, value-added lightweight structures, and propulsion systems for the automotive sector in North America, Europe, and internationally.

Flagship Communities Real Estate Investment Trust

Market Cap: CA$664.2m

A leading operator of affordable residential MHCs primarily serving working families seeking affordable home ownership.

ShaMaran Petroleum

Market Cap: CA$604.5m

Engages in oil and gas exploration and production.

Canada Packers

Market Cap: CA$598.5m

Engages in the production of raised without antibiotic (RWA) pork.

Chorus Aviation

Market Cap: CA$579.7m

Through its subsidiaries, provides aviation services in Canada and internationally.

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.

Wall Financial

Market Cap: CA$523.5m

Operates as a real estate investment and development company in Canada.

Kits Eyecare

Market Cap: CA$501.0m

Operates a digital eyecare platform in the United States and Canada.

Pollard Banknote

Market Cap: CA$494.0m

Engages in the manufacture and sale of lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Plaza Retail REIT

Market Cap: CA$474.3m

An open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada.

Firm Capital Mortgage Investment

Market Cap: CA$444.5m

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.

Taiga Building Products

Market Cap: CA$400.5m

Operates as a wholesale distributor of building products in Canada and the United States.

Coveo Solutions

Market Cap: CA$393.8m

Provides software-as-a-service artificial intelligence (AI) platform in Canada, the United States, and internationally.

BTB Real Estate Investment Trust

Market Cap: CA$346.2m

A real estate investment trust listed on the Toronto Stock Exchange.

Computer Modelling Group

Market Cap: CA$332.5m

A software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services.

Tantalus Systems Holding

Market Cap: CA$294.4m

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

Olympia Financial Group

Market Cap: CA$293.6m

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

Petrus Resources

Market Cap: CA$283.2m

Engages in the acquisition, development, exploration, and exploitation of energy business-related assets in Canada.

Gamehost

Market Cap: CA$277.1m

Engages in the hospitality and gaming businesses in Alberta.

AirBoss of America

Market Cap: CA$217.8m

Manufactures and sells rubber-based products in Canada, the United States, and internationally.

Blue Ant Media

Market Cap: CA$177.3m

Engages in streamer, production studio, and rights management businesses in Canada, the United States, the United Kingdom, and internationally.

Yellow Pages

Market Cap: CA$174.0m

Through its subsidiaries, provides digital and print media, and marketing solutions to small and medium-sized enterprises in Canada.

Majestic Gold

Market Cap: CA$151.2m

A mining company, focuses on exploration, development, and operation of mining properties in China.

GURU Organic Energy

Market Cap: CA$140.9m

A beverage company, engages in production, marketing, and distribution of energy drinks in Canada and the United States.