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

NASDAQ:PAA • US7265031051

Current stock price

21.225 USD
-0.09 (-0.45%)
Last:

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

  • In the past year PAA was profitable.
  • PAA had a positive operating cash flow in the past year.
  • In the past 5 years PAA has always been profitable.
  • 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

  • The Return On Assets of PAA (3.87%) is comparable to the rest of the industry.
  • PAA has a Return On Equity of 11.88%. This is in the better half of the industry: PAA outperforms 66.67% of its industry peers.
  • PAA has a Return On Invested Capital (4.87%) which is in line with 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 last Return On Invested Capital (4.87%) for PAA is above the 3 year average (3.99%), which is a sign of increasing profitability.
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

  • PAA's Profit Margin of 2.61% is on the low side compared to the rest of the industry. PAA is outperformed by 61.35% of its industry peers.
  • PAA's Profit Margin has improved in the last couple of years.
  • PAA's Operating Margin of 3.48% is on the low side compared to the rest of the industry. PAA is outperformed by 67.63% of its industry peers.
  • PAA's Operating Margin has declined in the last couple of years.
  • The Gross Margin of PAA (6.47%) is worse than 74.40% 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.
  • Compared to 1 year ago, PAA has more shares outstanding
  • Compared to 5 years ago, PAA has less shares outstanding
  • PAA has a worse debt/assets ratio than last year.
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's Debt to FCF ratio of 4.97 is fine compared to the rest of the industry. PAA outperforms 68.12% 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.
  • PAA has a worse Debt to Equity ratio (1.09) than 69.08% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF 4.97
Altman-Z N/A
ROIC/WACC0.68
WACC7.15%
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.
  • Looking at the Current ratio, with a value of 0.96, PAA is doing worse than 60.87% of the companies in the same industry.
  • A Quick Ratio of 0.92 indicates that PAA may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.92, PAA is in line with its industry, outperforming 46.86% of the companies in the same industry.
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%.
  • The Earnings Per Share has been growing slightly by 6.64% on average over the past years.
  • Looking at the last year, PAA shows a very negative growth in Revenue. The Revenue has decreased by -10.54% in the last year.
  • PAA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.70% yearly.
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

  • Based on estimates for the next years, PAA will show a small growth in Earnings Per Share. The EPS will grow by 5.79% on average per year.
  • PAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.89% yearly.
EPS Next Y0.4%
EPS Next 2Y1.55%
EPS Next 3Y3.9%
EPS Next 5Y5.79%
Revenue Next Year3.27%
Revenue Next 2Y1.76%
Revenue Next 3Y2.89%
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

  • PAA is valuated correctly with a Price/Earnings ratio of 13.78.
  • Compared to the rest of the industry, the Price/Earnings ratio of PAA indicates a somewhat cheap valuation: PAA is cheaper than 69.57% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.71. PAA is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 13.73, which indicates a correct valuation of PAA.
  • 70.05% of the companies in the same industry are more expensive than PAA, based on the Price/Forward Earnings ratio.
  • PAA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.83, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.78
Fwd PE 13.73
PAA Price Earnings VS Forward Price EarningsPAA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as PAA.
  • Based on the Price/Free Cash Flow ratio, PAA is valued cheaply inside the industry as 92.75% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.61
EV/EBITDA 10.35
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)34.63
PEG (5Y)N/A
EPS Next 2Y1.55%
EPS Next 3Y3.9%

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

6

5. PAA Dividend Analysis

5.1 Amount

  • PAA has a Yearly Dividend Yield of 7.87%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.47, PAA pays a better dividend. On top of this PAA pays more dividend than 85.02% 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 1.91.
Industry RankSector Rank
Dividend Yield 7.87%

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 Years3
Div Non Decr Years3
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

  • 110.78% of the earnings are spent on dividend by PAA. This is not a sustainable payout ratio.
  • The dividend of PAA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP110.78%
EPS Next 2Y1.55%
EPS Next 3Y3.9%
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 (3/16/2026, 1:42:03 PM)

21.225

-0.09 (-0.45%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-06
Earnings (Next)05-07
Inst Owners39.84%
Inst Owner Change2.35%
Ins Owners0.83%
Ins Owner Change0%
Market Cap14.97B
Revenue(TTM)44.80B
Net Income(TTM)1.17B
Analysts69.57
Price Target21.33 (0.49%)
Short Float %2.63%
Short Ratio3.2
Dividend
Industry RankSector Rank
Dividend Yield 7.87%
Yearly Dividend1.84
Dividend Growth(5Y)9.33%
DP110.78%
Div Incr Years3
Div Non Decr Years3
Ex-Date01-30
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)2.95%
PT rev (3m)2.89%
EPS NQ rev (1m)2.36%
EPS NQ rev (3m)4.23%
EPS NY rev (1m)0.77%
EPS NY rev (3m)2.41%
Revenue NQ rev (1m)-4.45%
Revenue NQ rev (3m)-5.98%
Revenue NY rev (1m)-1.63%
Revenue NY rev (3m)-2.04%
Valuation
Industry RankSector Rank
PE 13.78
Fwd PE 13.73
P/S 0.33
P/FCF 6.61
P/OCF 5.1
P/B 1.52
P/tB 1.85
EV/EBITDA 10.35
EPS(TTM)1.54
EY7.26%
EPS(NY)1.55
Fwd EY7.28%
FCF(TTM)3.21
FCFY15.13%
OCF(TTM)4.16
OCFY19.61%
SpS63.49
BVpS13.94
TBVpS11.46
PEG (NY)34.63
PEG (5Y)N/A
Graham Number21.98
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
WACC7.15%
ROIC/WACC0.68
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 Y0.4%
EPS Next 2Y1.55%
EPS Next 3Y3.9%
EPS Next 5Y5.79%
Revenue 1Y (TTM)-10.54%
Revenue growth 3Y-8.27%
Revenue growth 5Y13.7%
Sales Q2Q%-14.81%
Revenue Next Year3.27%
Revenue Next 2Y1.76%
Revenue Next 3Y2.89%
Revenue Next 5YN/A
EBIT growth 1Y16.19%
EBIT growth 3Y-4.02%
EBIT growth 5Y9.95%
EBIT Next Year51.63%
EBIT Next 3Y15.91%
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.


What is the valuation status for PAA stock?

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


Can you provide the profitability details for PLAINS ALL AMER PIPELINE LP?

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


What is the valuation of PLAINS ALL AMER PIPELINE LP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for PLAINS ALL AMER PIPELINE LP (PAA) is 13.78 and the Price/Book (PB) ratio is 1.52.


What is the financial health of PLAINS ALL AMER PIPELINE LP (PAA) stock?

The financial health rating of PLAINS ALL AMER PIPELINE LP (PAA) is 2 / 10.