Maxim Power: Top 10 Undervalued Utilities Sector Stocks on TSX (MXG)
Maxim Power is now ranked among the top 10 undervalued stocks in the Utilities sector on the Toronto Stock Exchange.
- 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)
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| CUP-U | Caribbean Utilities Co | 11.50 | 17.31 | 5.81 (50.5%) | 1664 | 434.9 | 6.2 | 11.7 |
| INE | Innergex Renewable Energy | 9.05 | 11.85 | 2.80 (30.9%) | 925308 | 1848.7 | 8.5 | 0.0 |
| LCFS | Tidewater Renewables | 7.00 | 8.83 | 1.83 (26.1%) | 6438 | 243.1 | 0.0 | 0.0 |
| ARR | Altius Renewable | 8.37 | 10.21 | 1.84 (22.0%) | 18136 | 262.0 | 0.0 | 0.0 |
| SXI | Synex Renewable Energy | 2.17 | 2.40 | 0.23 (10.4%) | 90 | 8.7 | 0.0 | 0.0 |
| PIF | Polaris Renewable Energy | 13.47 | 14.15 | 0.68 (5.0%) | 37219 | 285.1 | 6.0 | 15.8 |
| MXG | Maxim Power | 4.33 | 4.24 | -0.09 (-2.0%) | 6800 | 279.0 | 0.0 | 144.7 |
All data provided as of February 05, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Maxim Power
Maxim Power Corp is an independent power producer. It is focused entirely on power projects in Alberta. Its core asset is the 204MW H.R. Milner Plant, M2, in Grande Cache, AB, a state-of-the-art natural gas-fired power plant that went online in Q2, 2020. The company is increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology.
Maxim Power is listed under MXG 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.
