Air Canada is now ranked among the top 25 undervalued stocks listed on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
- Small, micro and nano group market capitalization (<10B)
Stocks in this category are held primarily for capital appreciation and/or dividends.
The Toronto Stock Exchange (TSX) is the largest exchange in Canada and one of the largest in the world. It is home for “senior” well-established equities.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| LSPD | Lightspeed Commerce | 18.28 | 31.08 | 12.80 (70.0%) | 658607 | 2828.7 | 0.0 | 0.0 |
| FFH-U | Fairfax Finl Hldgs | 1080.22 | 1699.23 | 619.01 (57.3%) | 19 | 26595.8 | 0.0 | 6.6 |
| TPX-A | Molson Coors Canada | 64.44 | 100.38 | 35.94 (55.8%) | 39 | 13584.0 | 3.5 | 8.6 |
| AG | First Majestic Silver | 7.61 | 11.39 | 3.78 (49.7%) | 663507 | 2222.3 | 0.3 | 0.0 |
| OTEX | Open Text | 43.78 | 64.77 | 20.99 (47.9%) | 568394 | 11933.9 | 3.1 | 18.7 |
| NTR | Nutrien | 64.06 | 93.26 | 29.20 (45.6%) | 1334256 | 31704.3 | 4.5 | 29.2 |
| BEPC | Brookfield Renewable | 38.55 | 55.98 | 17.43 (45.2%) | 245007 | 6925.2 | 4.8 | 6.8 |
| BTO | B2Gold | 3.68 | 5.31 | 1.63 (44.3%) | 2709719 | 4810.4 | 5.9 | 0.0 |
| AQN | Algonquin Power | 7.32 | 10.34 | 3.02 (41.3%) | 3040987 | 5152.9 | 8.1 | 33.4 |
| BIP-UN | Brookfield Infr Partners | 43.01 | 60.49 | 17.48 (40.6%) | 504054 | 19849.1 | 4.9 | 0.0 |
| CURA | Curaleaf Holdings | 4.43 | 5.86 | 1.43 (32.2%) | 239004 | 3281.7 | 0.0 | 0.0 |
| SPB | Superior Plus | 7.84 | 10.05 | 2.21 (28.2%) | 1157221 | 2184.2 | 9.2 | 0.0 |
| LNR | Linamar | 62.30 | 79.66 | 17.36 (27.9%) | 140005 | 3846.4 | 1.5 | 6.4 |
| MG | Magna International | 55.81 | 68.30 | 12.49 (22.4%) | 1657931 | 16034.2 | 4.6 | 11.8 |
| AC | Air Canada | 15.54 | 18.61 | 3.07 (19.8%) | 2790908 | 5843.0 | 0.0 | 3.5 |
| ABX | Barrick Gold | 26.99 | 32.11 | 5.12 (19.0%) | 3450062 | 47367.4 | 2.0 | 22.9 |
| DAY | Dayforce | 75.84 | 90.19 | 14.35 (18.9%) | 18398 | 11975.1 | 0.0 | 184.3 |
| CJT | Cargojet | 124.44 | 147.70 | 23.26 (18.7%) | 70425 | 2040.8 | 1.0 | 0.0 |
| GLXY | Galaxy Digital Hldgs | 15.26 | 17.96 | 2.70 (17.7%) | 678608 | 5161.1 | 0.0 | 2.7 |
| CIX | CI Financial | 16.58 | 19.50 | 2.92 (17.6%) | 391184 | 3157.3 | 4.7 | 0.0 |
| CP | Canadian Pacific Kansas | 108.16 | 126.84 | 18.68 (17.3%) | 1150301 | 101086.3 | 0.7 | 29.0 |
| TPX-B | Molson Coors Canada | 72.87 | 85.22 | 12.35 (16.9%) | 361 | 15361.0 | 3.1 | 9.7 |
| HR-UN | H&R REIT | 9.60 | 11.13 | 1.52 (15.9%) | 333121 | 2514.5 | 6.3 | 0.0 |
| EQX | Equinox Gold | 7.43 | 8.61 | 1.18 (15.8%) | 633227 | 3503.5 | 0.0 | 9.2 |
| CLS | Celestica | 74.94 | 85.80 | 10.86 (14.5%) | 880728 | 8947.8 | 0.0 | 17.9 |
All data provided as of August 19, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Air Canada
Air Canada is Canada's largest airline, serving nearly 50 million passengers each year together with its low-cost sub-brand called Rouge and contracts for regional connection flights to its network. Air Canada is a sixth-freedom airline, which flies many US-based passengers on long-haul trips with a layover in Canada.
Air Canada is listed under AC on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
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