AtkinsRéalis Group And 2 Other TSX Stocks Conceivably Priced Below Intrinsic Value Estimates
Name
Current Price
Fair Value (Est)
Discount (Est)
Savaria (TSX:SIS)
CA$16.53
CA$30.37
45.6%
Docebo (TSX:DCBO)
CA$44.29
CA$85.17
48%
Thunderbird Entertainment Group (TSXV:TBRD)
CA$1.65
CA$3.26
49.4%
Groupe Dynamite (TSX:GRGD)
CA$14.29
CA$27.63
48.3%
Lithium Royalty (TSX:LIRC)
CA$5.10
CA$9.19
44.5%
Tourmaline Oil (TSX:TOU)
CA$68.85
CA$136.58
49.6%
Kits Eyecare (TSX:KITS)
CA$12.42
CA$24.64
49.6%
Aya Gold & Silver (TSX:AYA)
CA$12.82
CA$25.01
48.7%
Wishpond Technologies (TSXV:WISH)
CA$0.285
CA$0.56
48.7%
Electrovaya (TSX:ELVA)
CA$3.51
CA$5.90
40.5%
Click here to see the full list of 23 stocks from our Undervalued TSX Stocks Based On Cash Flows screener.
Here's a peek at a few of the choices from the screener.
Overview: AtkinsRéalis Group Inc. offers professional services, project management, and capital investment services across the United Kingdom, Canada, the United States, Saudi Arabia, and internationally with a market cap of CA$12.38 billion.
Operations: The company's revenue is primarily derived from Engineering Services in the UKI (CA$2.48 billion), USLA (CA$1.71 billion), AMEA (CA$1.32 billion), and Canada (CA$1.46 billion) regions, along with contributions from Nuclear services (CA$1.49 billion), Linxon (CA$835.68 million), Capital investments (CA$126.06 million), and LSTK Projects (CA$249.37 million).
Estimated Discount To Fair Value: 32.8%
AtkinsRéalis Group is trading at CA$70.04, significantly below its estimated fair value of CA$104.23, indicating potential undervaluation based on cash flows. Earnings are projected to grow 21.8% annually, outpacing the Canadian market's growth rate. Recent contracts, including a high-speed rail project in Canada and infrastructure work in Puerto Rico, bolster its revenue prospects and operational footprint despite a modest net income decline last year to CA$283.87 million from CA$287.21 million.
Our growth report here indicates AtkinsRéalis Group may be poised for an improving outlook.
Unlock comprehensive insights into our analysis of AtkinsRéalis Group stock in this financial health report.
Overview: BRP Inc. is a company that designs, develops, manufactures, distributes, and markets powersports vehicles and marine products globally, with a market cap of approximately CA$3.98 billion.
Operations: BRP Inc.'s revenue is primarily generated from the design, development, manufacturing, distribution, and marketing of powersports vehicles and marine products across various international markets.
Estimated Discount To Fair Value: 38%
BRP is trading at CA$50.82, well below its estimated fair value of CA$81.92, suggesting it's undervalued based on cash flows. Despite a recent net loss of CA$213.1 million due to large one-off items, earnings are forecast to grow significantly at 39.8% annually, outpacing the Canadian market's growth rate. The company's high debt level remains a concern, but its return on equity is projected to be very high in three years at 55.9%.
Upon reviewing our latest growth report, BRP's projected financial performance appears quite optimistic.
Click to explore a detailed breakdown of our findings in BRP's balance sheet health report.
Overview: Savaria Corporation offers accessibility solutions for the elderly and physically challenged across Canada, the United States, Europe, and internationally, with a market cap of CA$1.20 billion.
Operations: The company's revenue is generated from two main segments: Patient Care, contributing CA$193.88 million, and Accessibility (including Adapted Vehicles), which accounts for CA$673.88 million.
Estimated Discount To Fair Value: 45.6%
Savaria Corporation, trading at CA$16.53, is significantly undervalued with an estimated fair value of CA$30.37. Earnings grew by 28.2% last year and are projected to increase by 22.4% annually, surpassing the Canadian market's growth rate of 14.9%. Recent earnings reported sales of CA$867.76 million and net income of CA$48.51 million for 2024, with revenue expected to reach approximately $925 million in fiscal 2025, driven by strategic initiatives across key segments.
Our earnings growth report unveils the potential for significant increases in Savaria's future results.
Get an in-depth perspective on Savaria's balance sheet by reading our health report here.
Gain an insight into the universe of 23 Undervalued TSX Stocks Based On Cash Flows by clicking here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include TSX:ATRL TSX:DOO and TSX:SIS.
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Business Wire
2 hours ago
- Business Wire
SFL – First-Half 2025 Results
PARIS--(BUSINESS WIRE)--Regulatory News: SFL (Paris:FLY): 'In a more mixed rental environment over the first half of the year, SFL continued to deliver excellent operating performances, in terms of both occupancy (99.7% economic occupancy rate for offices) and average nominal rent (€855/sq.m.). The Paris market remained extremely polarised, with leases on prime properties signed or rolled over at record high rents of over €1,000/sq.m. This is proof, if any were needed, that while the supply of available properties is growing, the attention paid to product quality still makes all the difference', explained Aude Grant, SFL's Chief Executive Officer. The consolidated financial statements for the six months ended 30 June 2025 were approved by the Board of Directors of Société Foncière Lyonnaise ("SFL") on 23 July 2025, at its meeting chaired by Pere Viňolas Serra. These financial statements show significant growth in EPRA earnings and a modest increase in the value of the asset portfolio. Physical and economic occupancy rates remained exceptionally high, at 99.1% and 99.3% respectively, and properties let during the period commanded increasingly high rents, attesting to the appeal of prime Paris office properties and the relevance of SFL's business model. The auditors have completed their review of the financial statements and issued their report on the interim financial information, which does not contain any qualifications or emphasis of matter. Economic occupancy rate kept at a record high 99.3% Despite a rise in the Paris region vacancy rate to 10.8% (up 8.0% over six months), SFL has carved a niche for itself with its very high quality portfolio of outstanding assets in prime locations (99% in central Paris) and its policy of investing continuously to deliver first-class services and high levels of customer satisfaction. The physical occupancy rate continued to top 99.0% at 30 June 2025 (99.4% at 31 December 2024). The EPRA vacancy rate was 0.7% (0.5% at 31 December 2024). SFL signed 13 leases in the first half, on over 10,500 sq.m. including 10,300 sq.m. of office space let mainly to new tenants. In addition, renegotiated leases on around 2,400 sq.m. were signed with existing tenants, in some cases ahead of the lease-break date in response to tenants' needs and to allow SFL to capture the reversionary potential in advance. This sustained rental activity primarily concerned the following properties: Louvre Saint-Honoré, with 1,600 sq.m. let for a non-cancellable period of nine years to La Caisse, a leading Canadian institutional investor; Haussman Saint-Augustin, with 2,000 sq.m. let for a non-cancellable period of nine years to an international law firm; Washington Plaza, with 1,900 sq.m. let for a non-cancellable period of six years to Citadel; Edouard VII, with 1,100 sq.m. let for a non-cancellable period of nine years to AFG; office space in the Washington Plaza, Cézanne Saint-Honoré and 103 Grenelle properties; and around 230 sq.m. of retail units. A new record was set for rents on the new office leases, with the average nominal rent hitting €1,002 per sq.m., corresponding to an average effective rent of €860 per sq.m., for an average non-cancellable period of 7.2 years. Modest increase in portfolio appraisal value amid continuing uncertainty The appraisal value of the Group's portfolio at 30 June 2025 was €7,650 million excluding transfer costs, up 1.0% from €7,571 million at 31 December 2024 (up 1.4% including transfer costs). No properties were purchased or sold during the first half of 2025. The increase in appraisal values mainly reflected the application of rent escalation clauses and the rise in rental values in the prime segment of the Paris property market. Discount rates and exit capitalisation rates narrowed slightly, by an average of 12 bps and 3 bps respectively, in an unfavourable macroeconomic environment which reduced the prospect of rent indices increasing in future periods. The average EPRA topped-up net initial yield (NIY) was 3.8% at 30 June 2025, unchanged from 31 December 2024. The potential rental yield was 4.2% at 30 June 2025 (4.1% at 31 December 2024). Development pipeline offering a €79.0 million annual reversionary potential At 30 June 2025, the portfolio's total reversionary potential (vacant space, pipeline properties, lease renegotiations) was estimated at around €79.0 million per year. The sharp €13 million increase compared with 31 December 2024 was mainly due to the departure of GRDF from the Condorcet building and McKinsey from 90 Champs-Elysées. By efficiently anticipating these departures, SFL was able to begin redeveloping the two properties as soon as the tenants handed back the keys. Pipeline properties mainly comprise the following projects: Renovation of the Haussmann Saint-Augustin building (around 12,600 sq.m.). Following the departure of the tenant (WeWork) on 30 June 2024, work has been undertaken to improve the quality of the service areas and the organisation of the office floors. The first new tenant is preparing to move in on 1 October 2025. Redevelopment of the Scope office building on Quai de la Râpée in Paris (around 22,700 sq.m.). Preparatory work for the redevelopment project was launched in September 2022 and redevelopment work began in August 2024, with delivery scheduled for summer 2026. Redevelopment of the Condorcet building (around 25,000 sq.m.). GRDF moved out of its former headquarters building at the end of January 2025, allowing work to begin on the restructuring of the building for delivery in 2027. Capitalised work carried out in the first half of 2025 totalled €61.1 million, including the above three projects for a combined amount of €42.6 million and refurbishment of complete floors and common areas, mainly in the Cézanne Saint-Honoré, 103 Grenelle, Louvre Saint-Honoré and Edouard VII buildings. A stronger financial structure SFL continued to adapt its financial structure in preparation for the planned merger with Colonial, taking advantage of the liquidity offered by its shareholder: In February 2025, undrawn confirmed credit lines for a total nominal amount of €485 million were cancelled (leaving undrawn confirmed credit lines of €1,085 million at 30 June 2025); In May 2025, the €500 million bond issue that matured during the same month was refinanced by drawing down a long-term intra-group loan for the same amount; In June 2025, interest rate hedges on a notional amount of €300 million were unwound in advance, after which, 81% of the Group's debt was at fixed rates or converted to fixed rate using hedging instruments, compared with 80% at 31 December 2024. During the period, the average maturity of debt was extended from 3.3 years at 31 December 2024 to 3.8 years at 30 June 2025. Net debt at 30 June 2025 amounted to €2,808 million compared to €2,660 million at 31 December 2024, representing a loan-to-value ratio of 34.3% including transfer costs. At the same date, the average cost of debt after hedging was 2.2% and the interest coverage ratio (ICR) was 3.7x. Strong revenue growth in a still uncertain environment Rental income up 6.3% like-for-like First-half 2025 consolidated rental income totalled €122.6 million, up €1.0 million or 0.8% from the €121.6 million reported for the same period of 2024. The very limited change, which was expected, was due to the combined effect of: The €7.0 million year-on-year net decline in revenues, with major pipeline projects at the Haussmann Saint-Augustin and Condorcet buildings leading to €7.6 million in 'lost' rental income. The recognition in first-half 2025 of penalties received from tenants for breaking their leases, partly offset by the cancellation of the related rent accruals in the IFRS financial statements, which added a net €1.0 million to rental income for the period versus first-half 2024. Rent increases (excluding all changes in the portfolio affecting period-on-period comparisons), which boosted rental income by €7.0 million or 6.3%, reflecting: (i) the €3.3 million positive impact of applying rent escalation clauses; (ii) pre-marketing of offices vacated before the end of the original lease, which were taken up by other tenants that needed more space (mainly in Washington Plaza and Edouard VII), a proactive asset management initiative that enabled SFL to capture the offices' reversionary potential earlier than expected (€2.7 million positive impact) and; (iii) the positive contribution from property management contracts related to the Edouard VII and # properties (approximately €1.0 million). Adjusted operating profit (i.e., operating profit before disposal gains and losses and fair value adjustments to investment property) down 1.5% to €108.2 million in first-half 2025, from €109.8 million in the year-earlier period. Higher net profit despite the increase in finance costs Positive fair value adjustments to investment property amounted to €7.2 million in first-half 2025 compared with positive adjustments of €27.4 million in the year-earlier period. Net finance costs stood at €30.9 million in first-half 2025, vs €28.3 million in the same period of 2024, representing an increase of €2.6 million. Excluding non-recurring items, mainly the cost of unwinding hedging instruments and unused confirmed credit lines, recurring financial expenses fell by €2.1 million. The Group recorded a net tax benefit of €30.3 million in the first half of 2025, compared with a benefit of €23.6 million in the year-earlier period. These non-recurring items relate to the election for SIIC status by the last three entities holding property assets, which were previously still subject to corporation tax (elections by SAS Pargal in 2024 and SAS Parhaus and SAS Parchamps in 2025). After taking account of these key items, EPRA earnings came in at €64.5 million in first-half 2025 (€60.1 million in first-half 2024), representing €1.50 per share, up 7.2% on the prior-year period. The Group recorded attributable net profit of €100.0 million during the period (€76.7 million in first-half 2024). EPRA Net Asset Value stable overall, taking into account a dividend payout of €2.85/share At 30 June 2025, EPRA Net Tangible Assets (NTA) stood at €85.0 per share (€3,657 million in total, down 3.2% vs 31 December 2024) and EPRA Net Disposal Value (NDV) was €86.0 per share (€3,701 million, down 1.0% vs 31 December 2024), after payment of a dividend of €2.85 per share in April 2025. Lastly, the election of SAS Parhaus and SAS Parchamps for SIIC status during the first half of the year, with retroactive effect from 1 January 2025, reduced EPRA NTA by €66.8 million and increased EPRA NDV by €30.5 million. Ownership structure The following stages in the planned merger with Inmobiliaria Colonial were completed during the first half of 2025: The merger agreement was signed and approved by the Colonial and SFL Boards of Directors; The proposed merger was approved by SFL and Colonial shareholders at the General Meetings held in April and May 2025 respectively. The French regulatory formalities were completed. Subject to successful completion of the Spanish formalities in September 2025, the merger is expected to be completed in October 2025. EPRA indicators 31/12/2024 30/06/2025 EPRA NRV (€m) 4,218 4,128 /share €98.2 €96.0 EPRA NTA (€m) 3,779 3,657 /share €88.0 €85.0 EPRA NDV (€m) 3,739 3,701 /share €87.0 €86.0 EPRA Net Initial Yield (NIY) 2.9% 3.0% EPRA topped-up NIY 3.8% 3.8% EPRA Vacancy Rate 0.5% 0.7% Expand 31/12/2024 30/06/2025 LTV 32.9% 34.3% 100%, including transfer costs EPRA LTV (including transfer costs) 100% 35.3% 36.5% Attributable to SFL 40.7% 41.8% EPRA LTV (excluding transfer costs) 100% 37.6% 39.1% Attributable to SFL 43.3% 44.7% Expand Alternative Performance Indicators (APIs) EPRA Earnings API EPRA NRV/NTA/NDV APIs € millions 31/12/2024 30/06/2025 Attributable equity 3,642 3,623 Treasury shares 0 0 Fair value adjustments to owner-occupied property 35 33 Unrealised capital gains on intangible assets 4 4 Elimination of financial instruments at fair value 9 5 Elimination of deferred taxes 97 0 Transfer costs 431 463 EPRA NRV (Net Reinstatement Value) 4,218 4,128 Elimination of intangible assets (4) (4) Elimination of unrealised gains on intangible assets (4) (4) Elimination of transfer costs* (431) (463) EPRA NTA (Net Tangible Assets) 3,779 3,657 Intangible assets 4 4 Financial instruments at fair value (9) (5) Fixed-rate debt at fair value 62 45 Deferred taxes (97) 0 EPRA NDV (Net Disposal Value) 3,739 3,701 Expand * Transfer costs are included at their amount as determined in accordance with IFRS (i.e., 0). Net debt API More information is available at About SFL A benchmark player in the prime segment of the Parisian commercial real estate market, Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at €7.7 billion and is focused on the Central Business District of Paris (# Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies. As France's oldest property company, SFL demonstrates year after year an unwavering commitment to its strategy focused on creating a high value in use for users and, ultimately, substantial appraisal values for its properties. With its sights firmly set on the future, SFL is committed to sustainable real estate with the aim of building the city of tomorrow and helping to reduce carbon emissions in its sector. Stock market: Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA S&P rating: BBB+ stable outlook
Newsweek
3 hours ago
- Newsweek
NATO Ally Shadows China Icebreaker
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Canadian military confirmed to Newsweek that it is "actively monitoring" the Chinese icebreaker Xue Long 2, which was tracked entering Arctic waters from East Asia last week. "The top priority of the Canadian Armed Forces (CAF) is the defense of Canada and Canadians, and we will continue to conduct activities needed to detect, deter, and defend against potential threats in, over, and approaching Canada," the Canadian Joint Operations Command said. Newsweek reached out to China's Foreign Ministry and Canada's Coast Guard via email for comment. Why It Matters China asserts itself as a "near-Arctic state" and an important stakeholder in Arctic affairs. In recent years, it has gradually expanded its presence in the region, including deploying its icebreaking fleet and conducting scientific research that could have military applications. The Xue Long 2's voyage comes amid growing Arctic rivalry between the United States and China. U.S. President Donald Trump expressed interest in acquiring Greenland, a Danish island rich in mineral and energy resources, and one that counts China as a key economic partner. Canada, Washington's key NATO ally, conducted an "Arctic awareness and sovereignty mission" in July of last year, during which one of its warships shadowed the Arctic-bound Xue Long 2, China's first domestically built icebreaker capable of conducting research. China's icebreaker Xue Long 2 leaving the Xiuying Port in Haikou on June 8, 2025. China's icebreaker Xue Long 2 leaving the Xiuying Port in Haikou on June 8, 2025. VCG/VCG via AP What To Know Using data from the vessel-tracking website MarineTraffic, Steffan Watkins, a research consultant based in Canada, said the Canadian Coast Guard vessel CCGS Sir Wilfrid Laurier shadowed the Xue Long 2 at a distance as it sailed from Japan toward Alaska. A Newsweek map shows that the Xue Long 2 departed East China on July 6 and was operating in the Chukchi Sea, located south of the Arctic Ocean and north of the Bering Strait, on July 18, following a transit past the west and north coasts of Japan and Russia's Far East. As of Tuesday, the Xue Long 2 was not in Canadian territorial waters, which extend up to 13.8 miles from the coastline, the Canadian Joint Operations Command told Newsweek. According to the Chinese company COSCO Shipping Heavy Industry, the icebreaker completed a 10-day, high-intensity maintenance on June 29 and returned to its polar expedition base in Shanghai, as it prepared for an Arctic scientific expedition mission scheduled for this month. The Sir Wilfrid Laurier, a multi-purpose ship capable of icebreaking, was deployed to the North Pacific last month for a patrol aimed at deterring illegal, unreported, and unregulated (IUU) fishing. According to the map, it departed Hakodate Port in northern Japan on July 8. The ship, one of seven Canadian icebreakers scheduled to deploy for the Coast Guard's Arctic summer operations between June and November, was tracked near Nome, Alaska, on July 19, as it shifted its mission to icebreaking and scientific support in the Arctic. While the voyages of the Chinese and Canadian vessels "unmistakably paralleled" each other during their transit to the Arctic, as described by Watkins, the Canadian Coast Guard denied that the Sir Wilfrid Laurier was shadowing the Xue Long 2, according to CBC News. Meanwhile, ADSBexchange, an online platform that collects real-time flight data, tracked a Canadian CP-140 patrol aircraft launching from Alaska and heading toward the Chinese vessel in the Arctic, Watkins revealed on Bluesky on Sunday. Watkins told Newsweek that only one patrol aircraft appears to have been deployed to Anchorage, flying nine-hour sorties every day or every other day. The Canadian Joint Operations Command confirmed to Newsweek that a CP-140 aircraft was based in Alaska. 🇨🇳 Chinese dual-use research vessel Xue Long 2 (MMSI:413381260) has returned to the Arctic, shadowed at a distance by CCGS Sir Wilfrid Laurier (MMSI:316052000) all the way from Japan. It appears #RCAF CP-140 Aurora 140108 #C2B1ED is monitoring Xue Long 2 right now. 👀 — Steffan Watkins 🇨🇦 (@ 2025-07-21T02:32:24.602Z Canada has been deploying military patrol aircraft to Alaska for at least the past two years to monitor Chinese research vessels in the Arctic; however, such missions have not been made public. "Canadians should be aware and appreciate what the air force does," Watkins said. What People Are Saying The Canadian Joint Operations Command said in a statement to Newsweek on Tuesday: "Competitors are exploring Arctic waters and the seafloor, probing our infrastructure, and collecting intelligence using dual-purpose research vessels and surveillance platforms. The [Canadian Armed Forces] will continue to actively monitor the Xue Long 2 so long as it continues to operate near Canadian territorial waters." Steffan Watkins, a research consultant based in Canada, told Newsweek on Tuesday: "I'm sure some of [Chinese research vessel] deployments to the Pacific are academic-research related, but like American and Russian research vessels, I presume they're conducting some of that 'research' for their military; whether that's deploying or retrieving sensors, mapping undersea cables, collecting intelligence, measuring the salinity of the water, or other tasks." What Happens Next According to Watkins, Canada is expected to receive the first of its 16 P-8A patrol aircraft, each equipped with a long-range radar and high-resolution imaging and detection system, in 2026 and achieve full operational capability by 2033 for monitoring vessels of interest.
Hamilton Spectator
4 hours ago
- Hamilton Spectator
S&P/TSX composite up Wednesday morning, U.S. markets also higher
TORONTO - Gains in battery metal stocks helped lift Canada's main stock index in late-morning trading on Wednesday, while U.S. markets also rose. The S&P/TSX composite index was up 76.52 points at 27,440.95. In New York, the Dow Jones industrial average was up 204.92 points at 44,707.36. The S&P 500 index was up 15.51 points at 6,325.13, while the Nasdaq composite was up 13.96 points at 20,906.65. The Canadian dollar traded for 73.45 cents US compared with 73.34 cents US on Tuesday. The September crude oil contract was down 44 cents US at US$64.87 per barrel. The August gold contract was down US$20.60 at US$3,423.10 an ounce. This report by The Canadian Press was first published July 23, 2025. Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
