10 Canadian stocks that are still cheap

Markets may be up, but there are still 49 stocks that are trading below our fair value estimates

Ruth Saldanha 8 February, 2019 | 6:00PM

The S&P/TSX Composite index is having a great year so far, with total returns of over 9% year to date. The S&P 500 has returned around 4.4% in Canadian dollars for the same time period.

With markets rising, are there any stocks that are still cheap? Turns out, yes, there are. Using Morningstar Direct, we found 49 stocks that are currently trading below our fair value estimates.

We decided to take a look at the 10 most undervalued of these. Before we present the list, though, it is important to note that all of these stocks have high fair value uncertainty.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
BlackBerry Ltd6.44 CAD0.31
Bombardier Inc A0.71 CAD-1.39
BRP Inc49.26 CAD-2.86
Cameco Corp14.61 CAD-0.07
Cenovus Energy Inc6.04 CAD-2.42
CI Financial Corp16.44 CAD-1.14
Crescent Point Energy Corp1.44 USD-2.70
Eldorado Gold Corp8.65 USD0.70
Iamgold Corp5.27 CAD3.94
Power Corporation of Canada16.41 USD-0.98

About Author

Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Member User Agreement        Cookies