Undervalued Small-Cap Dividend Stocks on TSE March 2026

March 11, 2026

March 2026

Dividend

Dividend Stocks

Stocks in this category have paid a dividend in the last 12 months. Dividend stocks showing a higher valuation than their current close price have both potential upside and ability to sustain or grow their dividend.

Small, Micro and Nano-Cap

Stocks in the Small, Micro and Nano Market Cap groups have a market capitalization of less than $2 billion.

Our Valuation

A stock is considered undervalued if it trades at a discount to our valuation. To determine a stock’s intrinsic value, we developed an algorithm that uses 6 valuation models to determine the value of a company.* To learn more about stockcalc’s valuation methods, click here.

Undervalued Dividend Stocks

Stocks in this category are held primarily for potential income and capital appreciation.

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Symbol	Name	Close Price ($)	Valuation ($)	Difference (%)	Average Vol (30D)	Market Cap ($M)	Yield (%)	P/E Ratio
PRL	Propel Holdings Inc	24.74	29.72	20.12	254200	1043	4.08	9.7
CVG	Clairvest Group Inc.	73.49	76.41	3.98	1935	1047	1.20	14.4
LGT.A	Logistec Corporation	63.70	67.58	6.09	-	828	0.74	29.5
KBL	K-Bro Linen Inc.	35.41	38.00	7.31	27832	374	3.45	20.7
AD.UN	Alaris Equity Partners In	20.26	24.29	19.89	61456	937	6.95	5.5
MHC.UN	Flagship Communities Real	24.95	31.01	24.28	1668	484	3.40	3.5
TOT	Total Energy Services Inc	15.52	16.48	6.21	59222	600	2.55	9.7
VET	Vermilion Energy Inc.	11.45	13.00	13.54	1036594	1782	3.33	-3.7
PIF	Polaris Infrastructure In	11.72	13.18	12.46	36951	248	6.89	-70.5
BEK.B	Becker Milk Co Ltd Cl B N	13.25	14.43	8.91	108	24	6.23	7.9

All data provided as at market close October 01, 2025.

Company Details

Propel Holdings Inc

PRL:TSX

Close Price

24.74

Our Valuation

29.72

% Difference

20.12

Market Cap ($M)

1043

P/E Ratio

9.7

Propel Holdings Inc., together with its subsidiaries, operates as a financial technology company. The company's lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services. Propel Holdings Inc. was formerly known as 2288984 Ontario Inc. and changed its name to Propel Holdings Inc. in June 2021.

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Clairvest Group Inc.

CVG:TSX

Close Price

73.49

Our Valuation

76.41

% Difference

3.98

Market Cap ($M)

1047

P/E Ratio

14.4

Clairvest Group Inc. is a private equity firm specializing in mid-market, growth equity investments, buyouts, industry consolidation and acquisitions.

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Logistec Corporation

LGT.A:TSX

Close Price

63.70

Our Valuation

67.58

% Difference

6.09

Market Cap ($M)

828

P/E Ratio

29.5

Logistec Corp provides specialized cargo handling and other services to a wide variety of marine, industrial and municipal customers. It has cargo handling facilities in ports across North America and offers marine agency services to foreign shipowners and operators serving the Canadian market. The company is widely diversified on the basis of cargo type and port location with a balance between import and export activities.

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K-Bro Linen Inc.

KBL:TSX

Close Price

35.41

Our Valuation

38.00

% Difference

7.31

Market Cap ($M)

374

P/E Ratio

20.7

K-Bro Linen Inc., together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. The company engages in the processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, tablecloths, surgical gowns, drapes, and other linens.

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Alaris Equity Partners In

AD.UN:TSX

Close Price

20.26

Our Valuation

24.29

% Difference

19.89

Market Cap ($M)

937

P/E Ratio

5.5

Alaris Equity Partners Income Trust is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups.

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Flagship Communities Real

MHC.UN:TSX

Close Price

24.95

Our Valuation

31.01

% Difference

24.28

Market Cap ($M)

484

P/E Ratio

3.5

Flagship Communities Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust dated August 12, 2020 (as subsequently amended and restated, the "Declaration of Trust") under the laws of the Province of Ontario. The registered office of the REIT is located at 199 Bay Street, Suite 4000, Toronto, Ontario, M5L 1A9, Canada.

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Total Energy Services Inc

TOT:TSX

Close Price

15.52

Our Valuation

16.48

% Difference

6.21

Market Cap ($M)

600

P/E Ratio

9.7

Total Energy Services Inc. operates as an energy services company primarily in Canada, the United States, Australia, and internationally. It operates through Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services, and Well Servicing segments. The Contract Drilling Services segment operates a fleet of various drilling rigs supported by a fleet of owned top drives, walking systems, pumps, and other ancillary equipment.

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Vermilion Energy Inc.

VET:TSX

Close Price

11.45

Our Valuation

13.00

% Difference

13.54

Market Cap ($M)

1782

P/E Ratio

-3.7

Vermilion Energy Inc., an oil and gas producer, focuses on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. Its properties are located in the West Pembina region of West Central Alberta, southeast Saskatchewan, and Manitoba, Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; Hungary; and Australia.

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Polaris Infrastructure In

PIF:TSX

Close Price

11.72

Our Valuation

13.18

% Difference

12.46

Market Cap ($M)

248

P/E Ratio

-70.5

Polaris Renewable Energy Inc. engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America and the Caribbean. It operates 82 megawatts (MW) capacity geothermal facility in Nicaragua; 3 run-of-river hydroelectric facilities with combined capacity of approximately 33 MW in Peru; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.

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Becker Milk Co Ltd Cl B N

BEK.B:TSX

Close Price

13.25

Our Valuation

14.43

% Difference

8.91

Market Cap ($M)

P/E Ratio

7.9

Becker Milk Co Ltd engages in the ownership and management of retail commercial properties in Ontario, Canada. The company leases retail stores with a few residential sites.

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