IGM Financial: Top 25 Undervalued Toronto Stock Exchange Stocks (IGM)
IGM Financial 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 |
|---|---|---|---|---|---|---|---|---|
| U-U | Sprott Physical Uranium | 20.67 | 42.50 | 21.83 (105.6%) | 49969 | 5149.9 | 0.0 | 2.0 |
| FFH-U | Fairfax Finl Hldgs | 903.32 | 1569.61 | 666.29 (73.8%) | 22588.5 | 0.0 | 5.2 | |
| TIXT | TELUS Intl | 11.05 | 18.36 | 7.31 (66.2%) | 107644 | 3160.3 | 0.0 | 45.7 |
| BEPC | Brookfield Renewable | 31.84 | 52.84 | 21.00 (66.0%) | 350737 | 5720.1 | 5.8 | 0.0 |
| LSPD | Lightspeed Commerce | 18.08 | 27.69 | 9.61 (53.1%) | 517472 | 2787.8 | 0.0 | 0.0 |
| AC | Air Canada | 20.02 | 27.72 | 7.70 (38.5%) | 2189282 | 7527.5 | 0.0 | 3.4 |
| ABX | Barrick Gold | 23.36 | 31.96 | 8.60 (36.8%) | 4379005 | 40996.8 | 2.3 | 23.7 |
| BIP-UN | Brookfield Infr Partners | 37.09 | 50.19 | 13.10 (35.3%) | 495153 | 17039.1 | 5.6 | 193.2 |
| NVEI | Nuvei | 44.02 | 58.66 | 14.64 (33.3%) | 563178 | 6129.7 | 0.9 | 0.0 |
| MG | Magna International | 66.54 | 87.28 | 20.74 (31.2%) | 726633 | 19070.4 | 3.7 | 11.6 |
| AP-UN | Allied Properties REIT | 17.10 | 22.28 | 5.18 (30.3%) | 428743 | 2390.0 | 10.5 | 0.0 |
| CLS | Celestica | 59.12 | 74.83 | 15.71 (26.6%) | 480960 | 7112.1 | 0.0 | 21.3 |
| IGM | IGM Financial | 33.73 | 42.20 | 8.47 (25.1%) | 228203 | 8041.8 | 6.6 | 8.8 |
| RCI-B | Rogers Communications | 52.00 | 64.75 | 12.75 (24.5%) | 1719528 | 27248.0 | 3.9 | 48.0 |
| CAE | CAE | 25.58 | 31.79 | 6.21 (24.3%) | 473834 | 8501.6 | 0.0 | 30.3 |
| PBH | Premium Brands Hldgs | 89.34 | 110.11 | 20.77 (23.3%) | 61484 | 3984.6 | 3.5 | 42.7 |
| AQN | Algonquin Power | 8.37 | 10.27 | 1.90 (22.7%) | 1619709 | 5781.7 | 7.0 | 203.5 |
| RBA | RB Global | 100.16 | 121.56 | 21.40 (21.4%) | 98997 | 16847.3 | 1.4 | 70.1 |
| BHC | Bausch Health Companies | 11.92 | 14.32 | 2.40 (20.1%) | 420032 | 4349.6 | 0.0 | 0.0 |
| PET | Pet Valu Hldgs | 31.07 | 36.75 | 5.68 (18.3%) | 41088 | 2249.0 | 1.3 | 25.2 |
| WPK | Winpak | 44.68 | 52.76 | 8.08 (18.1%) | 66886 | 2902.5 | 0.3 | 14.6 |
| BLX | Boralex | 27.16 | 31.92 | 4.76 (17.5%) | 254841 | 2792.4 | 2.4 | 35.9 |
| NTR | Nutrien | 71.12 | 83.57 | 12.45 (17.5%) | 986628 | 35346.2 | 4.0 | 20.7 |
| ACO-X | Atco | 37.73 | 44.28 | 6.55 (17.4%) | 179203 | 4277.8 | 5.1 | 9.9 |
| RCI-A | Rogers Communications | 55.50 | 64.98 | 9.48 (17.1%) | 1199 | 29082.0 | 3.5 | 52.8 |
All data provided as of April 28, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
IGM Financial
IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.
IGM Financial is listed under IGM 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.
