Top 50 Magic Formula Canada | Magic Formula Investing

Top 50 Canada

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Top 50 Methodology Canada

Canada market currently offers exceptional opportunities for "value" investors. Using the Magic Formula, we have identified the 50 companies combining a high Earnings Yield and a solid ROC.

Flash Market Analysis

Current analysis of the Canada market highlights a strong Top 5 (including AC.TO, EMP-A.TO, MTY.TO, QBR-B.TO, ARX.TO) with an average Earnings Yield of 11.4% and an average ROC of 2598.9%. These figures confirm the presence of high-profitability stocks undervalued by the market.

Data is refreshed at the close of each trading session. Magic Formula Investing does not constitute investment advice.

MMagic Rank	Ticker	Price	Var.	EYEarnings Yield	ROC	EV
1	ACAir Canada	$20.30	-0.27%	15.1%	Exceptional7218.0%*	9.2 B
2	EMP-AEmpire Company Limited	$47.64	-0.60%	10.3%	Exceptional1962.0%*	12.2 B
3	MTYMTY Food Group Inc	$38.76	+0.64%	12.8%	Exceptional1136.3%*	1.6 B
4	QBR-BQuebecor Inc	$66.49	+2.90%	10.2%	Exceptional1233.2%*	15.0 B
6	BTOB2Gold Corp	$6.34	-0.94%	16.4%	999.0%	8.7 B
8	OVVOvintiv Inc	$81.15	+0.44%	6.7%	Exceptional2272.0%*	28.1 B
5	ARXARC Resources Ltd.	$31.43	-0.33%	8.5%	Exceptional1445.2%*	20.7 B
7	GIB-ACGI Inc	$92.61	+2.02%	10.6%	Exceptional1049.0%*	21.8 B
9	NVANuVista Energy Ltd.	$19.04	0.00%	11.0%	999.0%	3.9 B
10	OTEXOpen Text Corp	$32.42	+1.00%	6.7%	Exceptional1545.6%*	12.8 B
11	EDVEndeavour Mining Corp	$79.08	-1.74%	9.6%	999.0%	19.7 B
13	WNGeorge Weston Limited	$96.46	-0.41%	12.1%	408.5%	48.8 B
12	OLAOrla Mining Ltd	$16.54	-1.54%	9.4%	999.0%	6.8 B
14	PETPet Valu Holdings Ltd	$17.81	-0.56%	12.2%	313.7%	1.5 B
15	TXGTorex Gold Resources Inc	$58.55	-0.10%	9.8%	836.2%	5.5 B
16	SGYSurge Energy Inc.	$9.99	+0.50%	6.8%	Exceptional1021.5%*	1.2 B
22	WCPWhitecap Resources Inc.	$16.79	+0.06%	5.1%	Exceptional1544.7%*	23.5 B
25	PPLPembina Pipeline Corp	$68.45	+1.15%	4.6%	Exceptional1806.0%*	52.1 B
19	CNQCanadian Natural Resources Ltd	$67.24	0.00%	5.3%	Exceptional1399.0%*	156.3 B
17	WELLWELL Health Technologies Corp	$4.17	+0.48%	8.0%	931.1%	1.4 B
23	WDOWesdome Gold Mines Ltd.	$26.33	-0.46%	12.2%	148.9%	4.2 B
28	ALAAltaGas Ltd	$54.31	+1.39%	4.4%	Exceptional1652.0%*	26.4 B
31	TRIThomson Reuters Corp	$118.60	+0.54%	4.0%	Exceptional2237.7%*	52.7 B
18	OGCOceanaGold Corporation	$39.85	-1.08%	8.6%	335.5%	8.8 B
20	TVETamarack Valley Energy Ltd	$12.78	-0.78%	6.1%	Exceptional1018.9%*	7.1 B
29	CAECAE Inc.	$32.01	-13.82%	4.6%	Exceptional1542.9%*	13.9 B
47	WCNWaste Connections Inc	$215.09	+0.08%	2.7%	Exceptional1812.7%*	63.8 B
21	IMGIAMGold Corporation	$22.81	-1.13%	8.4%	292.7%	13.4 B
32	ATDAlimentation Couchen Tard Inc A	$78.58	-0.17%	4.7%	Exceptional1089.5%*	80.8 B
26	PEYPeyto Exploration&Development Corp	$26.73	0.00%	5.3%	Exceptional1005.6%*	6.5 B
41	FVIFortuna Silver Mines Inc	$12.90	-0.23%	10.5%	72.9%	3.5 B
24	NGDNew Gold Inc	$12.16	0.00%	6.7%	526.6%	9.7 B
33	ABXBarrick Gold Corp	$56.21	-0.98%	9.7%	131.8%	91.3 B
27	SUSuncor Energy Inc	$93.02	+0.12%	7.4%	216.2%	117.1 B
30	EROEro Copper Corp	$37.30	+1.90%	5.6%	999.0%	4.8 B
39	VETVermilion Energy Inc.	$16.98	-0.06%	4.3%	Exceptional1087.3%*	3.9 B
50	CSUConstellation Software Inc.	$2,721.48	+0.71%	3.2%	Exceptional1270.5%*	59.9 B
42	HBMHudBay Minerals Inc	$33.68	-0.47%	4.2%	Exceptional1065.5%*	13.5 B
43	QSRRestaurant Brands International Inc	$104.12	-0.91%	4.1%	Exceptional1061.0%*	60.1 B
35	LLoblaw Companies Limited	$61.43	-0.28%	5.7%	421.7%	78.0 B
36	FRUFreehold Royalties Ltd.	$17.60	+0.34%	5.2%	999.0%	3.2 B
38	KKinross Gold Corp	$39.06	-0.96%	6.7%	164.3%	46.0 B
40	KNTK92 Mining Inc	$24.37	-0.12%	6.9%	155.5%	5.9 B
34	MRUMetro Inc.	$89.34	-0.77%	6.7%	244.4%	22.2 B
48	CCL-BCCL Industries Inc	$89.98	+0.21%	7.1%	120.9%	16.3 B
37	EFXEnerflex Ltd.	$37.80	+0.88%	6.1%	279.6%	5.2 B
49	GEIGibson Energy Inc.	$29.58	+2.11%	4.6%	999.0%	7.6 B
45	ATHAthabasca Oil Corp	$11.96	+0.88%	6.3%	168.9%	5.9 B
44	ARISAris Mining Corporation	$23.80	-0.17%	6.5%	161.7%	5.7 B
46	AEMAgnico Eagle Mines Limited	$242.94	-0.69%	5.4%	255.8%	119.8 B

Methodology Note

* Exceptional ROC

A rating above 1000% signifies companies with 'Negative Working Capital'. This occurs when current liabilities exceed tangible assets, meaning the business effectively operates using its suppliers' or customers' money.

Note: Traditional ROC is capped at 999% to prioritize these high-efficiency structures in our ranking algorithm.

In-depth Market Analysis: Canada

By examining fundamental data for the Canada market, it appears that Joel Greenblatt's strategy continues to isolate exceptional stocks like Air Canada (AC.TO) or Empire Company Limited (EMP-A.TO). The current ranking shows that Top 50 leaders display remarkable operational efficiency with an average return on capital of 2598.9%. The systematic approach applied here allows focusing on raw capital performance. Investors may note that companies such as MTY Food Group Inc (MTY.TO) and Quebecor Inc (QBR-B.TO) are excellently positioned thanks to their cash-flow generation capacity relative to their enterprise value.

The methodology used to generate this ranking is based on decimal ranking of companies according to two criteria: earnings yield (to ensure not overpaying) and return on capital (to ensure company quality). For the Canada market, this identifies opportunities often ignored by traditional analysts.

This Top 50 ranking for the Canada market is generated by filtering companies with a market capitalization greater than 50 million dollars, excluding financial values and utilities in accordance with Greenblatt's original methodology.

Data is refreshed at the close of each trading session. Magic Formula Investing does not constitute investment advice.