Innergex Renewable Energy: Top 10 Undervalued Dividend Stocks on TSX (INE)
Innergex Renewable Energy is now ranked among the top 10 undervalued small 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).Medium, small, micro and nano group market capitalization (<10B).
All data provided as-at market close October 18, 2022. 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. Innergex Renewable Energy Innergex Renewable Energy Inc develops, owns and operates renewable power generating facilities, essentially focused on the hydroelectric, wind power sectors and solar photovoltaic sectors. Innergex Renewable Energy is listed under INE on the Toronto Stock Exchange.
| Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
|---|---|---|---|---|---|---|---|
| KEY-T | Keyera | 28.56 | 0 | 14.1 | 0 | 0 | 0 |
| ACO-X-T | Atco | 40.76 | 0 | 12.6 | 0 | 0 | 0 |
| QBR-A-T | Quebecor | 25.3 | 0 | 10.2 | 0 | 0 | 0 |
| FTS-T | Fortis | 51.37 | 0 | 19.5 | 0 | 0 | 0 |
| IGM-T | IGM Financial | 36.15 | 0 | 9 | 0 | 0 | 0 |
| K-T | Kinross Gold | 4.59 | 0 | 23.9 | 0 | 0 | 0 |
| NCM-T | Newcrest Mining | 14.7 | 0 | 10.4 | 0 | 0 | 0 |
| GZT-T | G City | 11.66 | 0 | 0 | 0 | 0 | 0 |
| FCR-UN-T | First Capital REIT | 14.83 | 0 | 15.4 | 0 | 0 | 0 |
| PAAS-T | Pan American Silver | 21.09 | 0 | 0 | 0 | 0 | 0 |
| ONEX-T | Onex | 66.51 | 0 | 5.4 | 0 | 0 | 0 |
| CAR-UN-T | CAPREIT | 39.44 | 0 | 10.9 | 0 | 0 | 0 |
| BEPC-T | Brookfield Renewable | 42.37 | 0 | 12.9 | 0 | 0 | 0 |
| ABX-T | Barrick Gold | 19.91 | 0 | 12.8 | 0 | 0 | 0 |
| NGT-T | Newmont | 55.61 | 0 | 43.1 | 0 | 0 | 0 |
| INE-T | Innergex Renewable Energy | 14.91 | 0 | 0 | 0 | 0 | 0 |
| FM-T | First Quantum Minerals | 23 | 0 | 8.6 | 0 | 0 | 0 |
| EDV-T | Endeavour Mining | 23.14 | 0 | 31.8 | 0 | 0 | 0 |
| WFG-T | West Fraser Timber | 98.69 | 0 | 2.9 | 0 | 0 | 0 |
| CHP-UN-T | Choice Properties REIT | 12.56 | 0 | 24.2 | 0 | 0 | 0 |
| GWO-T | Great-West Lifeco | 29.77 | 0 | 8.8 | 0 | 0 | 0 |
| TCN-T | Tricon Residential | 11.54 | 0 | 2.9 | 0 | 0 | 0 |
| SNC-T | SNC-Lavalin Gr | 22.31 | 0 | 131.2 | 0 | 0 | 0 |
| LUN-T | Lundin Mining | 6.63 | 0 | 5.1 | 0 | 0 | 0 |
| CSU-T | Constellation Software | 1,840.06 | 0 | 62.5 | 0 | 0 | 0 |
More about Innergex Renewable Energy
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.
Artificial intelligence at Report on Business
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.
