PLAINS ALL AMER PIPELINE LP (PAA) Fundamental Analysis & Valuation

NASDAQ:PAA • US7265031051

Current stock price

22.36 USD
-0.66 (-2.87%)
At close:
22.53 USD
+0.17 (+0.76%)
After Hours:

This PAA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. PAA Profitability Analysis

1.1 Basic Checks

  • PAA had positive earnings in the past year.
  • In the past year PAA had a positive cash flow from operations.
  • PAA had positive earnings in each of the past 5 years.
  • In the past 5 years PAA always reported a positive cash flow from operatings.
PAA Yearly Net Income VS EBIT VS OCF VS FCFPAA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B -2B

1.2 Ratios

  • PAA's Return On Assets of 3.87% is in line compared to the rest of the industry. PAA outperforms 55.02% of its industry peers.
  • The Return On Equity of PAA (11.88%) is better than 66.51% of its industry peers.
  • PAA's Return On Invested Capital of 4.87% is in line compared to the rest of the industry. PAA outperforms 41.63% of its industry peers.
  • PAA had an Average Return On Invested Capital over the past 3 years of 3.99%. This is significantly below the industry average of 22.51%.
  • The 3 year average ROIC (3.99%) for PAA is below the current ROIC(4.87%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.87%
ROE 11.88%
ROIC 4.87%
ROA(3y)3.13%
ROA(5y)2.75%
ROE(3y)8.83%
ROE(5y)7.74%
ROIC(3y)3.99%
ROIC(5y)4.54%
PAA Yearly ROA, ROE, ROICPAA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • With a Profit Margin value of 2.61%, PAA perfoms like the industry average, outperforming 40.67% of the companies in the same industry.
  • PAA's Profit Margin has improved in the last couple of years.
  • PAA has a Operating Margin of 3.48%. This is in the lower half of the industry: PAA underperforms 65.55% of its industry peers.
  • In the last couple of years the Operating Margin of PAA has declined.
  • PAA's Gross Margin of 6.47% is on the low side compared to the rest of the industry. PAA is outperformed by 74.16% of its industry peers.
  • PAA's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 3.48%
PM (TTM) 2.61%
GM 6.47%
OM growth 3Y4.63%
OM growth 5Y-3.3%
PM growth 3Y22.15%
PM growth 5YN/A
GM growth 3Y6.72%
GM growth 5Y-4.62%
PAA Yearly Profit, Operating, Gross MarginsPAA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 -10

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. PAA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PAA is destroying value.
  • The number of shares outstanding for PAA has been increased compared to 1 year ago.
  • The number of shares outstanding for PAA has been reduced compared to 5 years ago.
  • The debt/assets ratio for PAA is higher compared to a year ago.
PAA Yearly Shares OutstandingPAA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
PAA Yearly Total Debt VS Total AssetsPAA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • PAA has a debt to FCF ratio of 4.97. This is a neutral value as PAA would need 4.97 years to pay back of all of its debts.
  • PAA has a better Debt to FCF ratio (4.97) than 69.38% of its industry peers.
  • A Debt/Equity ratio of 1.09 is on the high side and indicates that PAA has dependencies on debt financing.
  • The Debt to Equity ratio of PAA (1.09) is worse than 68.90% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF 4.97
Altman-Z N/A
ROIC/WACC0.67
WACC7.27%
PAA Yearly LT Debt VS Equity VS FCFPAA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B 10B

2.3 Liquidity

  • A Current Ratio of 0.96 indicates that PAA may have some problems paying its short term obligations.
  • PAA has a worse Current ratio (0.96) than 61.24% of its industry peers.
  • PAA has a Quick Ratio of 0.96. This is a bad value and indicates that PAA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • PAA's Quick ratio of 0.92 is in line compared to the rest of the industry. PAA outperforms 47.85% of its industry peers.
Industry RankSector Rank
Current Ratio 0.96
Quick Ratio 0.92
PAA Yearly Current Assets VS Current LiabilitesPAA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. PAA Growth Analysis

3.1 Past

  • PAA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.99%.
  • Measured over the past 5 years, PAA shows a small growth in Earnings Per Share. The EPS has been growing by 6.64% on average per year.
  • The Revenue for PAA has decreased by -10.54% in the past year. This is quite bad
  • The Revenue has been growing by 13.70% on average over the past years. This is quite good.
EPS 1Y (TTM)1.99%
EPS 3Y6.64%
EPS 5YN/A
EPS Q2Q%-4.76%
Revenue 1Y (TTM)-10.54%
Revenue growth 3Y-8.27%
Revenue growth 5Y13.7%
Sales Q2Q%-14.81%

3.2 Future

  • The Earnings Per Share is expected to grow by 5.79% on average over the next years.
  • PAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.49% yearly.
EPS Next Y2.36%
EPS Next 2Y1.84%
EPS Next 3Y2.99%
EPS Next 5Y5.79%
Revenue Next Year5.37%
Revenue Next 2Y2.59%
Revenue Next 3Y2.49%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
PAA Yearly Revenue VS EstimatesPAA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B 40B 50B
PAA Yearly EPS VS EstimatesPAA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 1 -1 2

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5

4. PAA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 14.52, PAA is valued correctly.
  • Based on the Price/Earnings ratio, PAA is valued a bit cheaper than the industry average as 69.86% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.51, PAA is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 14.18, which indicates a correct valuation of PAA.
  • PAA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PAA is cheaper than 65.55% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.41, PAA is valued a bit cheaper.
Industry RankSector Rank
PE 14.52
Fwd PE 14.18
PAA Price Earnings VS Forward Price EarningsPAA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • PAA's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, PAA is valued cheaper than 94.26% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.96
EV/EBITDA 10.64
PAA Per share dataPAA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PAA does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)6.15
PEG (5Y)N/A
EPS Next 2Y1.84%
EPS Next 3Y2.99%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. PAA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 7.25%, PAA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.50, PAA pays a better dividend. On top of this PAA pays more dividend than 86.60% of the companies listed in the same industry.
  • PAA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 7.25%

5.2 History

  • On average, the dividend of PAA grows each year by 9.33%, which is quite nice.
  • PAA has paid a dividend for at least 10 years, which is a reliable track record.
  • PAA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.33%
Div Incr Years4
Div Non Decr Years4
PAA Yearly Dividends per sharePAA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • PAA pays out 110.78% of its income as dividend. This is not a sustainable payout ratio.
  • PAA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP110.78%
EPS Next 2Y1.84%
EPS Next 3Y2.99%
PAA Yearly Income VS Free CF VS DividendPAA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B -2B
PAA Dividend Payout.PAA Dividend Payout, showing the Payout Ratio.PAA Dividend Payout.PayoutRetained Earnings

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PAA Fundamentals: All Metrics, Ratios and Statistics

PLAINS ALL AMER PIPELINE LP

NASDAQ:PAA (5/1/2026, 8:00:02 PM)

After market: 22.53 +0.17 (+0.76%)

22.36

-0.66 (-2.87%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength72.67
Industry Growth81.37
Earnings (Last)02-06
Earnings (Next)05-07
Inst Owners39.74%
Inst Owner Change-0.14%
Ins Owners0.83%
Ins Owner Change0%
Market Cap15.78B
Revenue(TTM)44.80B
Net Income(TTM)1.17B
Analysts70
Price Target22.55 (0.85%)
Short Float %3.88%
Short Ratio5.46
Dividend
Industry RankSector Rank
Dividend Yield 7.25%
Yearly Dividend1.84
Dividend Growth(5Y)9.33%
DP110.78%
Div Incr Years4
Div Non Decr Years4
Ex-Date05-01
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.2%
Min EPS beat(2)-3.3%
Max EPS beat(2)9.7%
EPS beat(4)2
Avg EPS beat(4)4.61%
Min EPS beat(4)-10.05%
Max EPS beat(4)22.11%
EPS beat(8)5
Avg EPS beat(8)5.4%
EPS beat(12)9
Avg EPS beat(12)8.82%
EPS beat(16)11
Avg EPS beat(16)10.61%
Revenue beat(2)0
Avg Revenue beat(2)-12.69%
Min Revenue beat(2)-17.83%
Max Revenue beat(2)-7.54%
Revenue beat(4)0
Avg Revenue beat(4)-15.63%
Min Revenue beat(4)-21.26%
Max Revenue beat(4)-7.54%
Revenue beat(8)0
Avg Revenue beat(8)-10.7%
Revenue beat(12)0
Avg Revenue beat(12)-13.35%
Revenue beat(16)2
Avg Revenue beat(16)-9.29%
PT rev (1m)2.44%
PT rev (3m)8.76%
EPS NQ rev (1m)0.43%
EPS NQ rev (3m)-4.46%
EPS NY rev (1m)1.96%
EPS NY rev (3m)3.09%
Revenue NQ rev (1m)-2.15%
Revenue NQ rev (3m)-6.97%
Revenue NY rev (1m)1.02%
Revenue NY rev (3m)1.37%
Valuation
Industry RankSector Rank
PE 14.52
Fwd PE 14.18
P/S 0.35
P/FCF 6.96
P/OCF 5.37
P/B 1.6
P/tB 1.95
EV/EBITDA 10.64
EPS(TTM)1.54
EY6.89%
EPS(NY)1.58
Fwd EY7.05%
FCF(TTM)3.21
FCFY14.36%
OCF(TTM)4.16
OCFY18.61%
SpS63.49
BVpS13.94
TBVpS11.46
PEG (NY)6.15
PEG (5Y)N/A
Graham Number21.9788 (-1.7%)
Profitability
Industry RankSector Rank
ROA 3.87%
ROE 11.88%
ROCE 6.17%
ROIC 4.87%
ROICexc 4.94%
ROICexgc 5.31%
OM 3.48%
PM (TTM) 2.61%
GM 6.47%
FCFM 5.06%
ROA(3y)3.13%
ROA(5y)2.75%
ROE(3y)8.83%
ROE(5y)7.74%
ROIC(3y)3.99%
ROIC(5y)4.54%
ROICexc(3y)4.03%
ROICexc(5y)4.6%
ROICexgc(3y)4.37%
ROICexgc(5y)5.03%
ROCE(3y)5.06%
ROCE(5y)5.74%
ROICexgc growth 3Y-9.44%
ROICexgc growth 5Y6.14%
ROICexc growth 3Y-8.48%
ROICexc growth 5Y5.46%
OM growth 3Y4.63%
OM growth 5Y-3.3%
PM growth 3Y22.15%
PM growth 5YN/A
GM growth 3Y6.72%
GM growth 5Y-4.62%
F-Score6
Asset Turnover1.48
Health
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF 4.97
Debt/EBITDA 4.26
Cap/Depr 70.3%
Cap/Sales 1.5%
Interest Coverage 3.02
Cash Conversion 116.97%
Profit Quality 193.84%
Current Ratio 0.96
Quick Ratio 0.92
Altman-Z N/A
F-Score6
WACC7.27%
ROIC/WACC0.67
Cap/Depr(3y)62.74%
Cap/Depr(5y)57.5%
Cap/Sales(3y)1.35%
Cap/Sales(5y)1.16%
Profit Quality(3y)257.85%
Profit Quality(5y)284.17%
High Growth Momentum
Growth
EPS 1Y (TTM)1.99%
EPS 3Y6.64%
EPS 5YN/A
EPS Q2Q%-4.76%
EPS Next Y2.36%
EPS Next 2Y1.84%
EPS Next 3Y2.99%
EPS Next 5Y5.79%
Revenue 1Y (TTM)-10.54%
Revenue growth 3Y-8.27%
Revenue growth 5Y13.7%
Sales Q2Q%-14.81%
Revenue Next Year5.37%
Revenue Next 2Y2.59%
Revenue Next 3Y2.49%
Revenue Next 5YN/A
EBIT growth 1Y16.19%
EBIT growth 3Y-4.02%
EBIT growth 5Y9.95%
EBIT Next Year53.64%
EBIT Next 3Y16.62%
EBIT Next 5Y10.66%
FCF growth 1Y22.49%
FCF growth 3Y6.63%
FCF growth 5Y24.35%
OCF growth 1Y17.91%
OCF growth 3Y6.83%
OCF growth 5Y14.16%

PLAINS ALL AMER PIPELINE LP / PAA Fundamental Analysis FAQ

What is the fundamental rating for PAA stock?

ChartMill assigns a fundamental rating of 4 / 10 to PAA.


Can you provide the valuation status for PLAINS ALL AMER PIPELINE LP?

ChartMill assigns a valuation rating of 5 / 10 to PLAINS ALL AMER PIPELINE LP (PAA). This can be considered as Fairly Valued.


What is the profitability of PAA stock?

PLAINS ALL AMER PIPELINE LP (PAA) has a profitability rating of 4 / 10.


What is the expected EPS growth for PLAINS ALL AMER PIPELINE LP (PAA) stock?

The Earnings per Share (EPS) of PLAINS ALL AMER PIPELINE LP (PAA) is expected to grow by 2.36% in the next year.


How sustainable is the dividend of PLAINS ALL AMER PIPELINE LP (PAA) stock?

The dividend rating of PLAINS ALL AMER PIPELINE LP (PAA) is 6 / 10 and the dividend payout ratio is 110.78%.