Metro: Top 25 Undervalued S&P/TSX Composite Index Stocks (MRU)
Metro is now ranked among the top 25 undervalued stocks included in the S&P/TSX Composite Index.
- 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)
Stocks in this market cap category are held primarily for capital appreciation and/or dividends.
Inclusion in a major index means a company ranks among the largest in their market. This also implies stability by-way of institutional support for the stock by index funds.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| FM | First Quantum Minerals | 10.39 | 21.69 | 11.30 (108.8%) | 3325193 | 7209.8 | 2.0 | 8.7 |
| BIP-UN | Brookfield Infr Partners | 38.28 | 70.28 | 32.00 (83.6%) | 442007 | 17562.9 | 5.4 | 90.8 |
| NTR | Nutrien | 73.96 | 102.27 | 28.31 (38.3%) | 830296 | 36614.3 | 3.8 | 12.4 |
| AQN | Algonquin Power | 8.23 | 11.09 | 2.86 (34.8%) | 2545483 | 5665.8 | 8.2 | 0.0 |
| OTEX | Open Text | 54.26 | 70.53 | 16.27 (30.0%) | 504019 | 14753.4 | 2.5 | 30.9 |
| SAP | Saputo | 26.40 | 33.45 | 7.05 (26.7%) | 546788 | 11168.9 | 2.8 | 17.6 |
| BN | Brookfield | 48.77 | 61.14 | 12.37 (25.4%) | 1466515 | 77334.6 | 0.8 | 0.0 |
| ABX | Barrick Gold | 22.83 | 26.41 | 3.58 (15.7%) | 2960794 | 40066.7 | 2.4 | 559.5 |
| K | Kinross Gold | 7.80 | 8.99 | 1.19 (15.3%) | 3125571 | 9655.1 | 2.1 | 30.2 |
| FSV | FirstService | 222.04 | 254.23 | 32.19 (14.5%) | 53675 | 9959.2 | 0.5 | 55.2 |
| CP | Canadian Pacific Kansas | 99.06 | 112.66 | 13.60 (13.7%) | 1317024 | 92512.1 | 0.8 | 22.2 |
| EMA | Emera | 49.10 | 55.72 | 6.62 (13.5%) | 1069989 | 13433.8 | 5.7 | 11.3 |
| WN | George Weston | 161.52 | 180.07 | 18.55 (11.5%) | 138779 | 22176.7 | 1.7 | 15.8 |
| CTC-A | Canadian Tire Corp | 144.53 | 159.63 | 15.10 (10.4%) | 227288 | 8059.9 | 4.8 | 14.9 |
| SHOP | Shopify | 98.59 | 108.36 | 9.77 (9.9%) | 3116269 | 127755.9 | 0.0 | 0.0 |
| MRU | Metro | 68.48 | 74.40 | 5.92 (8.6%) | 615453 | 15921.6 | 1.8 | 16.7 |
| MG | Magna International | 74.63 | 80.91 | 6.28 (8.4%) | 1316722 | 21403.9 | 3.4 | 15.2 |
| FTS | Fortis | 55.33 | 58.90 | 3.57 (6.5%) | 1455070 | 26984.4 | 4.1 | 17.9 |
| CVE | Cenovus Energy | 22.12 | 23.33 | 1.21 (5.5%) | 5653181 | 42140.7 | 2.2 | 10.4 |
| BCE | BCE | 55.20 | 58.18 | 2.98 (5.4%) | 1971703 | 50359.0 | 6.9 | 22.6 |
| SU | Suncor Energy | 41.77 | 43.76 | 1.99 (4.8%) | 10884734 | 54384.5 | 5.0 | 6.7 |
| MFC | Manulife Financial | 27.08 | 28.36 | 1.28 (4.7%) | 8570653 | 49529.3 | 5.4 | 3.9 |
| RY | Royal Bank of Canada | 125.24 | 130.88 | 5.64 (4.5%) | 3363024 | 174400.3 | 4.3 | 11.9 |
| BNS | Bank of Nova Scotia | 60.90 | 63.45 | 2.55 (4.2%) | 3735132 | 73323.6 | 6.9 | 10.5 |
| AEM | Agnico Eagle Mines | 69.64 | 72.56 | 2.92 (4.2%) | 1394788 | 34569.6 | 3.1 | 9.9 |
All data provided as of December 11, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Metro
Metro is the third-largest grocery retailer in Canada (behind Loblaw and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.
Metro is listed under MRU 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.
