The perfect factor about long-term Silly investing is that it offers you the present of time. Time to let good companies in your portfolio develop, enhance, and reward affected person traders. And typically, the market quickly costs a few of these dependable companies so low that it virtually seems like a steal.

As we speak, two TSX-listed shares are buying and selling properly under $20 per share, however their operations, money move, and future plans inform a a lot stronger story than their worth suggests. So, in the event you’re wanting so as to add high-potential names to your portfolio with out paying a premium, listed here are two high TSX shares below $20 that look too good to disregard proper now.

SECURE Waste Infrastructure inventory

SECURE Waste Infrastructure (TSX:SES) is the primary TSX-listed enterprise I discover undervalued proper now due to its secure infrastructure and powerful long-term progress plans. This Calgary-based waste administration and vitality infrastructure agency is presently buying and selling at $18.02 per share with a market cap of about $3.93 billion. At this market worth, it additionally pays a quarterly dividend with an annualized yield of round 2.2%.

SES inventory has surged greater than 1150% over 5 years, reflecting the energy of its core infrastructure community. This momentum can also be backed by stable quantity progress, secure pricing, and continued investments throughout its community.

Within the second quarter of 2025, SECURE posted adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) of $110 million and internet revenue of $31 million, which was flat in absolute phrases however jumped 17% on a per-share foundation attributable to a 15% discount in its excellent shares. That’s as a result of SECURE had repurchased about 7% of its shares by the tip of July. Regardless of short-term headwinds like seasonal softness and U.S. metal tariffs hitting its metals recycling phase, the corporate nonetheless managed to carry the road on profitability.

To spice up its long-term outlook, SECURE is investing in produced water processing services within the Alberta Montney area, backed by 10-year contracts. As well as, it’s upgrading infrastructure, increasing rail capability, and reopening idle industrial services to seize extra volumes. With over 80 services in Western Canada and North Dakota, robust long-term contracts, and a stable stability sheet, SES inventory seems like a uncommon under-$20 alternative price contemplating on the TSX as we speak.

Air Canada inventory

My subsequent decide, Air Canada (TSX:AC), could shock you, however there’s much more occurring right here than the headlines counsel. Air Canada, the nation’s largest passenger airline, is presently buying and selling at $18.91 per share with a market cap of round $5.6 billion. AC inventory has risen 16% during the last yr, though current headlines about labour disputes have added volatility. However, within the second quarter of 2025, Air Canada delivered $909 million in adjusted EBITDA with a powerful 16.1% margin and $895 million in working money move. That was regardless of softer demand in some areas and rising gas prices.

Whereas the corporate has suspended its 2025 steering attributable to a brief flight attendant strike, its long-term technique seems promising. For instance, it’s specializing in increasing high-margin premium companies and investing in fleet upgrades that would help long-term effectivity.

With a low debt-to-EBITDA ratio, secure liquidity, and secure working money move, Air Canada deserves increased investor confidence than its present inventory worth suggests. If the labour challenges don’t present up once more, this inventory below $20 may sharply bounce again.