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Alternative stocks to Air Canada (TSX:AC)


These are the alternatives to Air Canada that fall within the same industry, Airlines, or region, Canada.

How to read the ranks

For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.

See Air Canada Performance

Air Canada stock research in summary

aircanada.com


Air Canada shares have a market-typical stock price level. While they are good value, they show below average growth, and are riskily financed. We recommend evaluating whether the future of the company Air Canada is typical for this industry which the market average price level of the shares suggests. If you believe that the future of the company is above average, that could be an argument for buying the shares and vice versa.


Latest Obermatt Ranks


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Country Canada
Industry Airlines
Index
Size class X-Large

Large companies - similar industry as Air Canada

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. ArcBest (XL, US)  Trucking
1. ArcBest (XL, US)   Trucking 45 77 94 94
2. Delta Air Lines (XXL, US)  Airlines
2. Delta Air Lines (XXL, US)   Airlines 79 64 45 89
3. Hub Group (XL, US)  Air Freight & Logistics
3. Hub Group (XL, US)   Air Freight & Logistics 77 36 88 89
4. FedEx (XXL, US)  Air Freight & Logistics
4. FedEx (XXL, US)   Air Freight & Logistics 60 56 69 82
5. J.B. Hunt Transport Services (XXL, US)  Trucking
5. J.B. Hunt Transport Services (XXL, US)   Trucking 23 68 88 75
6. Matson (XL, US)  Marine
6. Matson (XL, US)   Marine 65 32 82 73
7. Alaska Air Group (XL, US)  Airlines
7. Alaska Air Group (XL, US)   Airlines 50 62 63 73
8. TFI International (XL, CA)  Trucking
8. TFI International (XL, CA)   Trucking 33 84 59 69
9. Old Dominion (XL, US)  Trucking
9. Old Dominion (XL, US)   Trucking 4 86 86 69
10. Ryder System (XL, US)  Trucking
10. Ryder System (XL, US)   Trucking 96 54 12 64

April 25, 2024

Why popular stocks have low ratings

It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.

Large companies - similar region as Air Canada

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Celestica (XL, CA)  Electr. Manufacturing Services
1. Celestica (XL, CA)   Electr. Manufacturing Services 79 69 82 100
2. Linamar (XL, CA)  Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 90 57 98 100
3. Open Text (XL, CA)  Application Software
3. Open Text (XL, CA)   Application Software 100 55 57 98
4. Fairfax (XXL, CA)  Property & Casualty Insurance
4. Fairfax (XXL, CA)   Property & Casualty Insurance 88 55 65 96
5. Canfor (XL, CA)  Forest Products
5. Canfor (XL, CA)   Forest Products 47 77 82 94
6. West Fraser (XL, CA)  Forest Products
6. West Fraser (XL, CA)   Forest Products 64 73 73 94
7. Canadian Tire (XXL, CA)  General Merchandise Stores
7. Canadian Tire (XXL, CA)   General Merchandise Stores 86 65 68 93
8. Manulife Financial (XXL, CA)  Life & Health Insurance
8. Manulife Financial (XXL, CA)   Life & Health Insurance 72 39 100 91
9. ATCO (XL, CA)  Multi-Utilities
9. ATCO (XL, CA)   Multi-Utilities 99 21 79 91
10. Russel Metals (XL, CA)  Trading & Distribution
10. Russel Metals (XL, CA)   Trading & Distribution 96 17 96 90

April 25, 2024


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Mid sized companies - similar industry as Air Canada

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Covenant Transportation (L, US)  Trucking
1. Covenant Transportation (L, US)   Trucking 82 96 63 100
2. Universal Logistics (L, US)  Trucking
2. Universal Logistics (L, US)   Trucking 84 78 78 98
3. Pangaea Logistics (M, US)  Marine
3. Pangaea Logistics (M, US)   Marine 98 34 86 96
4. Marten Transport (L, US)  Trucking
4. Marten Transport (L, US)   Trucking 50 36 92 94
5. Werner Enterprises (L, US)  Trucking
5. Werner Enterprises (L, US)   Trucking 86 48 75 91
6. Saia (L, US)  Trucking
6. Saia (L, US)   Trucking 6 90 94 87
7. Hawaiian (L, US)  Airlines
7. Hawaiian (L, US)   Airlines 73 98 16 85
8. Exchange Income (L, CA)  Airlines
8. Exchange Income (L, CA)   Airlines 69 48 67 82
9. Atlas (L, CA)  Marine Ports & Services
9. Atlas (L, CA)   Marine Ports & Services 96 57 23 75
10. Kirby (L, US)  Marine
10. Kirby (L, US)   Marine 14 48 96 68

April 25, 2024


Mid sized companies - similar region as Air Canada

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Fairfax India Holdings (M, CA)  Asset Management & Custody
1. Fairfax India Holdings (M, CA)   Asset Management & Custody 68 95 93 100
2. Magellan Aerospace (M, CA)  Aerospace & Defense
2. Magellan Aerospace (M, CA)   Aerospace & Defense 100 77 100 100
3. Leon's Furniture (L, CA)  Homefurnishing Retail
3. Leon's Furniture (L, CA)   Homefurnishing Retail 88 69 81 100
4. Lassonde (L, CA)  Packaged Foods & Meats
4. Lassonde (L, CA)   Packaged Foods & Meats 96 53 79 100
5. Peyto (M, CA)  Oil & Gas Production
5. Peyto (M, CA)   Oil & Gas Production 94 89 53 98
6. Canaccord Genuity (L, CA)  Investment Banking & Brokerage
6. Canaccord Genuity (L, CA)   Investment Banking & Brokerage 96 51 88 98
7. Onex (L, CA)  Asset Management & Custody
7. Onex (L, CA)   Asset Management & Custody 52 99 82 97
8. Dundee Precious Metals (M, CA)  Gold Production
8. Dundee Precious Metals (M, CA)   Gold Production 82 31 96 96
9. Birchcliff (M, CA)  Oil & Gas Production
9. Birchcliff (M, CA)   Oil & Gas Production 73 91 59 94
10. TMX (L, CA)  Financial Exchanges & Data
10. TMX (L, CA)   Financial Exchanges & Data 38 67 91 93

April 25, 2024



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