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Canso Select Opportunities Corporation (CSOC-B) Fair Value & Analysis

Financial Services · CA · Market cap C$28.7M (≈ $20.7M)

What is Canso Select Opportunities Corporation really worth?

CS Canso Select Opportunities Corporation CSOC-B · V
PriceC$8.30
Fair ValueC$11.17
Upside+34.6%
Quality62/100

A solid business, trading 26% below our fair value of C$11.17.

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Strengths

Highly profitable · 87.7% net margin
Ranks above peers (10/10)
Wide moat 90/100

Risks

!Mixed Growth (revenue YoY +127.3 %/yr)
!negative free cash flow
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range C$8.37 – C$13.96

Fair value as of: Aug 27, 2026

From 6 valuation models · updated 8 days ago

Fair value updated Aug 27, 2026, revised from C$11.00 to C$11.17 (+1.5%) since Aug 13, 2026. Share price +27.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

C$8.30 C$1.63 Fair Value C$11.17 Sep 2018 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range C$1.63 – C$8.30 · fair‑value band C$8.37 – C$13.96 · the C$8.30 price screens below the C$11.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Canso Select Opportunities Corporation (CSOC-B) currently trades at C$8.30, while our model-based Fair Value estimate is C$11.17, implying the stock looks roughly 25.7% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Financial Services sector. Bull case: the Earnings-Based group reads highest at a median of C$106.35 per share, and 5 of the 6 models we run sit above the C$8.30 price. Bear case: the Asset-Based group reads lowest at C$7.07, and 1 of the 6 models stay below the price. Evidence for this calculation is medium.

Revenue grew 35.9% year over year. It earns a return on equity of 36.9%. The stock trades on a trailing P/E of 1.6 (as of Aug 13, 2026). Fundamentals as of Aug 27, 2026

Our scenario range runs from C$8.37 (bear case) to C$13.96 (bull case); at C$8.30, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 168% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 35%, CSOC-B screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$2.30 per share, which is 20.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
P/E Multiple best evidence C$29.62 C$39.50 C$49.37 61
Graham-Dodd C$20.66 C$144.09 C$202.21 58
Lynch FV C$74.44 C$106.35 C$138.25 57
All 6 models by family
Earnings-Based
Graham-Dodd C$20.66 C$144.09 C$202.21 58
Lynch FV C$74.44 C$106.35 C$138.25 57
Multiples
P/E Multiple best evidence C$29.62 C$39.50 C$49.37 61
P/B Multiple C$11.08 C$14.77 C$18.46 53
Asset-Based
NCAV (Graham) C$5.27 C$7.07 C$10.55 50
Economic Profit
Residual Income C$16.08 C$22.06 C$107.49 55

Widest divergence: Earnings-Based (C$106.35) versus Asset-Based (C$7.07). Highest evidence: P/E Multiple (61).

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Key figures & financial health

P/E ratio 1.6 as of Aug 13, 2026
P/S ratio 4.36 P/E × margin
EPS (TTM) C$3.39 price ÷ EPS = P/E 1.6
Net margin 87.7% TTM
Return on equity 36.9% TTM
Return on assets (EBIT) 16.1% avg 5y
More key figures
Profitability
Operating margin 95.2% TTM
Growth
Revenue growth (YoY) +35.9%
EPS growth (YoY) +27.6%
Balance sheet & cash flow
Free cash flow −C$55.6K FY2025

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 58 · Market factors (momentum, volatility) 85

Profitability 74
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Canso Select Opportunities Corporation is a publicly owned hedge fund manager. The firm invests in the public equity and fixed Income markets of Canada and across the globe. For fixed Income securities, the firm invests in governments, government agencies, bank loans, supranational agencies and companies.

Full company description

Canso Select Opportunities Corporation is a publicly owned hedge fund manager. The firm invests in the public equity and fixed Income markets of Canada and across the globe. For fixed Income securities, the firm invests in governments, government agencies, bank loans, supranational agencies and companies. It conducts in-house research to make its investments. It is a private equity, venture capital and distressed firm specializing in startups investments focused in Canada. Canso Select Opportunities Corporation was founded on February 16, 2018 and is based in Richmond Hill, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Canso Select Opportunities Corporation reported revenue of C$5.9M in FY2025 versus C$2.9M in FY2021, a compound +19.4%/yr. Reported net income was C$15.9M in FY2025, compounding +60.7%/yr from FY2021.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$5.9M
Latest YoY
+127.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +28.8% (approximate, leans on 2025) · in CAD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+28.8%
Dividend yield0.0%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.91.8% (2021) → 300.1% (2025) · rising
Worst earnings drop134% (2022) (loss year, drop beyond 100%) · in CAD
⚠ Rate leans on 2025: that final year sits 138% above its own trend (e.g. a one-off disposal gain) and could not be adjusted
Revenue +19.4%/yr
FY21 C$2.9M
FY22 −C$810K
FY23 C$853K
FY24 C$2.6M
FY25 C$5.9M
Net income +60.7%/yr
FY21 C$2.4M
FY22 −C$804K
FY23 C$2.4M
FY24 C$11.0M
FY25 C$15.9M

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Cite: Fair Value Calculator (2026). "Canso Select Opportunities Corporation Fair Value". https://www.fairvalue-calculator.com/stock/CSOC-B

Peer Group

Asset Management · 695 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Above median
Fair Value upside +35% · Above median
Return on equity (TTM) 37% · Top 25%
Return on assets 25% · Top 25%
Net margin (TTM) 88% · Top 25%
Operating margin (TTM) 95% · Top 25%
Revenue growth 36% · Top 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 1.6× · Cheaper than 75% of peers
P/B 0.38× · Cheaper than 75% of peers
P/S (TTM) 1.03× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE79 · sector 40
FUTURE100 · sector 15
PAST100 · sector 24
HEALTH0 · sector 95
DIVIDEND0 · sector 81

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $142.39 $52.88 −63%
Investor AB INVEB kr 417.20 kr 824.66 +98%
Brookfield Corporation BN C$55.74 C$10.67 −81%
KKR & Co KKR $108.68 $19.97 −82%
Apollo Global Management, Inc APO $135.04 $101.04 −25%
State Street Corporation STT $193.33 $138.33 −28%
Ameriprise Financial, Inc AMP $559.32 $515.24 −8%
Ares Management Corporation ARES $143.10 $30.88 −78%
Northern Trust Corporation NTRS $186.79 $122.02 −35%
Raymond James Financial, Inc RJF $181.10 $142.42 −21%

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Frequently asked questions

Is Canso Select Opportunities Corporation (CSOC-B) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of C$11.17 versus a price of C$8.30, about +35% upside (undervalued).
What is the fair value of CSOC-B?
Our model-based fair value for Canso Select Opportunities Corporation is C$11.17 (as of Aug 27, 2026), built from audited fundamentals. The current price: C$8.30.
What is the quality score of CSOC-B?
Canso Select Opportunities Corporation has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of CSOC-B?
The net profit margin of Canso Select Opportunities Corporation is about 87.7%, meaning it keeps roughly 87.7% of revenue as net income. Based on the latest reported figures.
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