ALERT: This Undervalued Stock Could Make You a Millionaire

Morneau Shepell Inc. (TSX:MSI) is focused on total well-being, which includes mental health, physical health, financial health, and social health.

warning or alert

Image source: Getty Images

Morneau Shepell (TSX:MSI) is a leading provider of technology-enabled human resources (HR) services that deliver an integrated approach to well-being through the company’s cloud-based platform.

The company’s focus is providing organizations with the required support to ensure the mental, physical, social, and financial well-being of employees. As a leader in strategic HR services, the company helps clients solve complex workforce problems and provides integrated productivity, health, and retirement solutions.

The company’s approach spans services in employee and family assistance, health and wellness, recognition, pension and benefits administration and retirement consulting. The company is the leading provider of Employee and Family Assistance Program (EFAP), the largest administrator of retirement and benefits plans. With approximately 6,000 employees in offices globally, the company offers services to approximately 24,000 organizations in Canada, the United States, and around the globe.

Value-added solutions

Morneau Shepell is focused on total well-being. The company’s services support the health, productivity, and financial security of employees and help reduce workplace absenteeism and promote well-being.

The company’s well-being solutions segment offers counselling and educational services and targeted health and wellness programs via a tech-enabled well-being platform to support an employee’s work, financial, and personal needs. The company’s administrative solutions segment manages all aspects of the administration of clients’ pension and benefits plans.

The company’s health and productivity solutions segment provides administration and support services to organizations in the areas of attendance, disability, workers’ compensation, as well as the mental health continuum of care.

Finally, the company’s retirement solutions segment assists organizations with the design, determination of funding requirements, management, and financial control of pension and benefits plans. The company helps increase engagement, productivity and financial outcomes, while reducing risk, to enhance competitiveness and business success.

Technology-enabled services

Morneau Shepell’s LifeWorks technology platform is a mobile-first digital ecosystem that features a communications and community feed, perks and savings, rewards and recognition, and a wellness program. The LifeWorks platform supports the physical, mental, social, and financial health of an individual by providing tools to proactively achieve wellness goals and manage issues in a self-directed way.

The platform connects individuals with the news, events, and people within an organization to foster relationships. It serves as a gateway to convenient, secure, and clinically sound treatment options through the company’s EFAP.

Through the EFAP, employees of customer organizations have access to eight technology modes of short-term clinical or professional consultation for a variety of issues, including mental health concerns.

The company’s administrative solution segment utilizes proprietary software called Ariel, which is developed and maintained in-house by the Morneau Shepell. This helps organizations to manage all aspects of clients’ pension and benefits plans on an outsourced basis as well as provide administration support through a cloud technology solution.

Future outlook

Morneau Shepell’s technology-based delivery model offers employers and plan sponsor organizations a cost effective and efficient solution to meet benefits administration needs. Significant value is delivered to clients during the annual enrolment process and in the context of ongoing benefits administration.

The company’s tremendous success during COVID-19 should lead to a significantly higher stock price.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Nikhil Kumar has no position in any of the stocks mentioned. The Motley Fool recommends MORNEAU SHEPELL INC.

More on Investing

worry concern
Dividend Stocks

Worried About a Recession? 2 Canadian Blue-Chip Stocks to Buy and Hold for Dear Life

A recession is worrisome. Buying two blue-chip TSX stocks and holding them for the long term will deliver stable, less…

Read more »

online shopping
Tech Stocks

Why You Should Buy Shopify Stock Before It Rockets Even Higher!

SHOP stock is down 70% from all-time highs. Let's see why it makes sense to buy the dip in February…

Read more »

money cash dividends
Dividend Stocks

TFSA: 3 of the Best Canadian Dividend Stocks to Buy This Year

Are you looking for some of the best Canadian Dividend stocks to buy this year? Here are three great options…

Read more »

Golden crown on a red velvet background
Energy Stocks

3 Canadian Dividend Aristocrats to Buy and Hold for Passive Income

Are you seeking safer options amid elevated market volatility? Consider these three Canadian dividend aristocrats to receive uninterrupted passive income…

Read more »

A colourful firework display
Tech Stocks

3 Venture Capital Stocks That Started 2023 With a Bang

Even if a company starts a year strong, it may not hold that momentum throughout the year. Still, these VC…

Read more »

Group of industrial workers in a refinery - oil processing equipment and machinery
Energy Stocks

Suncor Energy Stock: Has it Bottomed Out?

Suncor Energy Inc (TSX:SU) stock has been falling lately. Has it bottomed out yet?

Read more »

data analytics, chart and graph icons with female hands typing on laptop in background
Stocks for Beginners

2 Top Stocks to Buy in February 2023

Here are two of the best Canadian stocks you can buy in February 2023.

Read more »

Aircraft wing plane

Bombardier Stock: Should You Invest in the Current Bullish Trend?

Capturing a bullish trend from beginning to end is an exception, not the rule. In most cases, you will only…

Read more »