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Enbridge Inc(ENB-T)

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Enbridge: Top 25 Undervalued Dividend Stocks on TSX (ENB)

AI-generated - The Globe and Mail - Thu Apr 4, 8:26AM CDT

Enbridge 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.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
SPBSuperior Plus9.7612.722.96 (30.4%)6011822527.87.442.4
BLXBoralex28.5931.783.19 (11.2%)2063462939.42.337.6
CIXCI Financial16.9019.782.88 (17.0%)4334742898.44.5563.3
NGTNewmont50.4056.806.40 (12.7%)23689742386.43.90.0
KEYKeyera35.4236.501.08 (3.0%)12264168116.65.619.1
OGCOceanaGold3.063.960.90 (29.6%)16967602211.20.918.8
CRR-UNCrombie REIT13.5114.941.43 (10.6%)1518972446.46.60.0
ACO-XAtco37.0053.9016.90 (45.7%)2330924195.05.29.7
ACO-YAtco38.7554.1515.40 (39.8%)1204393.45.010.1
ENBEnbridge48.3952.464.07 (8.4%)466678399586.67.417.0

All data provided as of December 31, 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.


Enbridge owns extensive midstream assets that transport hydrocarbons across the US and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

Enbridge is listed under ENB on the Toronto Stock Exchange.


StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.

Stockcalc valuations ( 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.

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