Cenovus Energy: Top 25 Undervalued Dividend Stocks on TSX (CVE)
Cenovus Energy is now ranked among the top 10 undervalued large cap dividend-paying stocks on the Toronto Stock Exchange (TSX).
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below).
- Large caps market capitalization (10-200B)
Stocks in this category are held primarily for potential income and capital appreciation. Dividend stocks showing a higher valuation than their current price have both potential upside and ability to sustain or grow their dividend.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| BTE | Baytex Energy | 4.03 | 4.30 | 0.27 (6.7%) | 3655462 | 3468.1 | 1.1 | 3.3 |
| TA | TransAlta | 9.31 | 12.11 | 2.80 (30.1%) | 734519 | 2448.5 | 2.4 | 4.4 |
| HBM | Hudbay Minerals | 7.21 | 7.24 | 0.03 (0.5%) | 1022888 | 2501.8 | 0.3 | 106.5 |
| WN | George Weston | 171.42 | 171.67 | 0.25 (0.1%) | 90182 | 23536.0 | 1.6 | 16.6 |
| CPX | Capital Power | 36.75 | 37.68 | 0.93 (2.5%) | 520480 | 4313.0 | 6.5 | 8.4 |
| SSRM | SSR Mining | 12.62 | 13.99 | 1.37 (10.9%) | 404811 | 2572.9 | 3.0 | 9.4 |
| GEI | Gibson Energy | 20.62 | 22.16 | 1.54 (7.5%) | 499566 | 3217.8 | 7.6 | 13.5 |
| FM | First Quantum Minerals | 12.32 | 18.20 | 5.88 (47.7%) | 2315952 | 8549.0 | 1.7 | 10.5 |
| EMA | Emera | 47.69 | 54.88 | 7.18 (15.1%) | 1168681 | 13048.0 | 5.8 | 11.1 |
| CVE | Cenovus Energy | 21.32 | 22.96 | 1.64 (7.7%) | 4608206 | 40616.7 | 2.5 | 10.0 |
All data provided as of September 30, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Companies included above paid a dividend in the last 12-months.
Cenovus Energy
Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022.
Cenovus Energy is listed under CVE on the Toronto Stock Exchange.
StockCalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
