TSX Value Picks Including Green Thumb Industries At Estimated Discounts

As the Canadian market awaits the Bank of Canada's upcoming decision on interest rates, investors are closely monitoring economic indicators such as inflation and labor market data. In this environment, identifying undervalued stocks can be a strategic approach, as these equities may offer potential value opportunities amid fluctuating economic conditions.

Top 5 Undervalued Stocks Based On Cash Flows In Canada

Name	Current Price	Fair Value (Est)	Discount (Est)
Suncor Energy (TSX:SU)	CA$95.31	CA$166.93	42.9%
Savaria (TSX:SIS)	CA$28.07	CA$49.30	43.1%
Peyto Exploration & Development (TSX:PEY)	CA$24.76	CA$48.46	48.9%
Pan American Silver (TSX:PAAS)	CA$70.10	CA$136.22	48.5%
OceanaGold (TSX:OGC)	CA$41.45	CA$61.77	32.9%
Green Thumb Industries (CNSX:GTII)	CA$10.26	CA$20.43	49.8%
Evertz Technologies (TSX:ET)	CA$14.78	CA$18.74	21.1%
Cenovus Energy (TSX:CVE)	CA$46.16	CA$92.13	49.9%
Canadian Natural Resources (TSX:CNQ)	CA$70.25	CA$139.64	49.7%

Click here to see the full list of 9 stocks from our Undervalued TSX Stocks Based On Cash Flows screener.

Underneath we present a selection of stocks filtered out by our screen.

Green Thumb Industries (CNSX:GTII)

Overview: Green Thumb Industries Inc. is involved in the manufacturing, distribution, marketing, and sale of cannabis products for medical and adult-use in the United States with a market cap of CA$2.37 billion.

Operations: The company's revenue is derived from its retail segment, which generated $846.22 million, and its consumer packaged goods segment, contributing $680.82 million.

Estimated Discount To Fair Value: 49.8%

Green Thumb Industries appears undervalued as it trades at CA$10.26, significantly below its estimated future cash flow value of CA$20.43, offering good relative value compared to peers. Recent expansions, including new RISE Dispensaries in Florida and Nevada, support revenue growth forecasts of 6.1% annually—higher than the Canadian market average. Despite a 337.8% earnings increase last year, analysts expect a decline in earnings over the next three years by an average of 16.4%.

• The analysis detailed in our Green Thumb Industries growth report hints at robust future financial performance.
• Click here and access our complete balance sheet health report to understand the dynamics of Green Thumb Industries.

Evertz Technologies (TSX:ET)

Overview: Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for production, post-production, broadcast, and telecommunications markets globally, with a market cap of CA$1.14 billion.

Operations: The company generates revenue of CA$515.78 million from its video and audio infrastructure solution segment, catering to production, post-production, broadcast, and telecommunications markets worldwide.

Estimated Discount To Fair Value: 21.1%

Evertz Technologies is trading at CA$14.78, below its estimated future cash flow value of CA$18.74, indicating good relative value compared to peers. The company's revenue is forecast to grow at 4.6% annually, slightly outpacing the Canadian market average of 4.3%. However, its earnings are expected to grow slower than the market at 7.6% per year versus 11.3%. Recent earnings showed an increase in net income and sales year-over-year but dividends remain uncovered by free cash flows.

• Our growth report here indicates Evertz Technologies may be poised for an improving outlook.
• Unlock comprehensive insights into our analysis of Evertz Technologies stock in this financial health report.

Savaria (TSX:SIS)

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$2 billion.

Operations: The company generates revenue from two main segments: Patient Care, contributing CA$208.78 million, and Accessibility (including Adapted Vehicles), accounting for CA$739.10 million.

Estimated Discount To Fair Value: 43.1%

Savaria Corporation, trading at CA$28.07, is significantly undervalued with an estimated future cash flow value of CA$49.3. Analysts expect a 28.4% stock price increase, despite slower earnings growth compared to the Canadian market. Recent results show a strong year-over-year net income rise from CA$16.32 million to CA$25.2 million in Q2 2026 and consistent dividend payouts of $0.0467 per share monthly, providing steady income amidst moderate revenue growth forecasts.

• Insights from our recent growth report point to a promising forecast for Savaria's business outlook.
• Click to explore a detailed breakdown of our findings in Savaria's balance sheet health report.

Next Steps

• Investigate our full lineup of 9 Undervalued TSX Stocks Based On Cash Flows right here.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
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Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

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.

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