Cenovus Energy: Top 25 Undervalued S&P/TSX Composite Index Stocks (CVE)
Cenovus Energy is now ranked among the top 25 undervalued stocks included in the S&P/TSX Composite Index.
- 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 market cap category are held primarily for capital appreciation and/or dividends.
Inclusion in a major index means a company ranks among the largest in their market. This also implies stability by-way of institutional support for the stock by index funds.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| NTR | Nutrien | 70.84 | 103.72 | 32.88 (46.4%) | 1026110 | 35207.1 | 4.0 | 20.6 |
| AQN | Algonquin Power | 7.93 | 10.63 | 2.70 (34.0%) | 4598591 | 5459.2 | 7.3 | 0.0 |
| CAE | CAE | 25.34 | 31.76 | 6.42 (25.3%) | 885695 | 8421.8 | 0.0 | 29.8 |
| BIP-UN | Brookfield Infr Partners | 38.66 | 46.44 | 7.78 (20.1%) | 464845 | 17760.4 | 5.3 | 207.3 |
| K | Kinross Gold | 6.64 | 7.72 | 1.08 (16.3%) | 2589130 | 8211.5 | 2.4 | 14.9 |
| FTS | Fortis | 52.33 | 58.56 | 6.23 (11.9%) | 2251136 | 25458.5 | 4.4 | 16.9 |
| FSV | FirstService | 223.34 | 249.64 | 26.30 (11.8%) | 68112 | 10004.5 | 0.5 | 74.0 |
| MG | Magna International | 74.78 | 83.18 | 8.40 (11.2%) | 1929922 | 21431.9 | 3.4 | 12.8 |
| EMA | Emera | 47.60 | 52.88 | 5.28 (11.1%) | 1192859 | 13032.9 | 5.9 | 13.4 |
| L | Loblaw Cos | 144.64 | 156.50 | 11.86 (8.2%) | 344560 | 46284.8 | 1.2 | 22.3 |
| MRU | Metro | 73.48 | 79.38 | 5.90 (8.0%) | 549863 | 16826.9 | 1.7 | 16.8 |
| CVE | Cenovus Energy | 23.65 | 25.46 | 1.81 (7.7%) | 4042698 | 45536.7 | 2.2 | 11.3 |
| FNV | Franco-Nevada | 142.09 | 152.96 | 10.87 (7.7%) | 309686 | 27338.1 | 1.3 | 30.2 |
| BMO | Bank of Montreal | 122.84 | 132.20 | 9.36 (7.6%) | 3228486 | 89009.9 | 4.8 | 16.9 |
| SAP | Saputo | 27.61 | 29.55 | 1.94 (7.0%) | 434678 | 11693.4 | 2.7 | 34.8 |
| ABX | Barrick Gold | 19.79 | 21.06 | 1.27 (6.4%) | 3324491 | 34731.4 | 2.7 | 20.7 |
| TD | Toronto-Dominion Bank | 81.49 | 86.73 | 5.24 (6.4%) | 3898385 | 144905.5 | 4.8 | 12.8 |
| BCE | BCE | 50.36 | 52.99 | 2.63 (5.2%) | 2640940 | 45938.4 | 7.7 | 22.0 |
| SU | Suncor Energy | 46.63 | 48.67 | 2.04 (4.4%) | 10784653 | 61085.3 | 4.5 | 7.5 |
| OTEX | Open Text | 52.19 | 54.31 | 2.12 (4.1%) | 680936 | 14203.0 | 2.5 | 81.7 |
| T | TELUS | 23.67 | 24.52 | 0.85 (3.6%) | 3224242 | 34487.2 | 6.1 | 41.1 |
| CTC-A | Canadian Tire Corp | 138.10 | 142.63 | 4.53 (3.3%) | 302937 | 7796.8 | 5.0 | 36.6 |
| BN | Brookfield | 56.00 | 57.45 | 1.45 (2.6%) | 1906335 | 88939.2 | 0.7 | 68.0 |
| BNS | Bank of Nova Scotia | 65.81 | 67.46 | 1.65 (2.5%) | 3328122 | 80354.0 | 6.4 | 10.8 |
| PPL | Pembina Pipeline | 47.23 | 48.40 | 1.17 (2.5%) | 2593430 | 26023.7 | 5.6 | 15.9 |
All data provided as of March 04, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Cenovus Energy
Cenovus Energy Inc 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.
