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). The utilities sector contains firms that provide power or water.
All data provided as-at market close June 25, 2023. 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.
| Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
|---|---|---|---|---|---|---|---|
| SXI-T | Synex Renewable Energy | 2 | 0 | 0 | 0 | 0 | 0 |
| ARR-T | Altius Renewable | 8.91 | 0 | 0 | 0 | 0 | 0 |
| MXG-T | Maxim Power | 4.35 | 0 | 7.5 | 0 | 0 | 0 |
| SPG-T | Spark Power Group | 0.39 | 0 | 0 | 0 | 0 | 0 |
| CUP-U-T | Caribbean Utilities Co | 13 | 0 | 14.7 | 0 | 0 | 0 |
| PIF-T | Polaris Renewable Energy | 13.83 | 0 | 49.5 | 0 | 0 | 0 |
| HEO-T | H2O Innovation | 2.99 | 0 | 85.1 | 0 | 0 | 0 |
More about Maxim Power
Stocks in this category are held primarily for capital appreciation.
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