PEMBINA PIPELINE CORP (PBA) Stock Fundamental Analysis
USA - NYSE:PBA - CA7063271034 - Common Stock
37.55 USD
-0.52 (-1.37%)
37.55 USD
0 (0%)
PBA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 209 industry peers in the Oil, Gas & Consumable Fuels industry. While PBA has a great profitability rating, there are quite some concerns on its financial health. PBA has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
PBA had positive earnings in the past year.
PBA had a positive operating cash flow in the past year.
PBA had positive earnings in 4 of the past 5 years.
Each year in the past 5 years PBA had a positive operating cash flow.
1.2 Ratios
PBA's Return On Assets of 4.87% is fine compared to the rest of the industry. PBA outperforms 63.16% of its industry peers.
PBA's Return On Equity of 10.12% is fine compared to the rest of the industry. PBA outperforms 62.20% of its industry peers.
With a decent Return On Invested Capital value of 7.24%, PBA is doing good in the industry, outperforming 65.07% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PBA is significantly below the industry average of 21.71%.
The last Return On Invested Capital (7.24%) for PBA is above the 3 year average (6.98%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 10.12% | ||
| ROIC | 7.24% |
ROA(3y)6.29%
ROA(5y)4.17%
ROE(3y)12.77%
ROE(5y)8.56%
ROIC(3y)6.98%
ROIC(5y)6.78%
1.3 Margins
PBA has a better Profit Margin (21.39%) than 75.12% of its industry peers.
In the last couple of years the Profit Margin of PBA has grown nicely.
PBA's Operating Margin of 37.24% is amongst the best of the industry. PBA outperforms 84.21% of its industry peers.
In the last couple of years the Operating Margin of PBA has grown nicely.
Looking at the Gross Margin, with a value of 43.15%, PBA is in line with its industry, outperforming 51.67% of the companies in the same industry.
PBA's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.24% | ||
| PM (TTM) | 21.39% | ||
| GM | 43.15% |
OM growth 3Y9.34%
OM growth 5Y5.89%
PM growth 3Y22.34%
PM growth 5Y4.14%
GM growth 3Y13.54%
GM growth 5Y5.86%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PBA is destroying value.
Compared to 1 year ago, PBA has less shares outstanding
The number of shares outstanding for PBA has been increased compared to 5 years ago.
PBA has a worse debt/assets ratio than last year.
2.2 Solvency
PBA has an Altman-Z score of 1.41. This is a bad value and indicates that PBA is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.41, PBA perfoms like the industry average, outperforming 52.63% of the companies in the same industry.
PBA has a debt to FCF ratio of 5.19. This is a neutral value as PBA would need 5.19 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.19, PBA is doing good in the industry, outperforming 63.16% of the companies in the same industry.
PBA has a Debt/Equity ratio of 0.75. This is a neutral value indicating PBA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.75, PBA is doing worse than 63.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.19 | ||
| Altman-Z | 1.41 |
ROIC/WACC1
WACC7.25%
2.3 Liquidity
PBA has a Current Ratio of 0.77. This is a bad value and indicates that PBA is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.77, PBA is doing worse than 69.38% of the companies in the same industry.
A Quick Ratio of 0.62 indicates that PBA may have some problems paying its short term obligations.
With a Quick ratio value of 0.62, PBA is not doing good in the industry: 74.64% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
The earnings per share for PBA have decreased by -8.90% in the last year.
PBA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.52% yearly.
Looking at the last year, PBA shows a decrease in Revenue. The Revenue has decreased by -1.10% in the last year.
The Revenue has been growing slightly by 0.42% on average over the past years.
EPS 1Y (TTM)-8.9%
EPS 3Y14.66%
EPS 5Y-0.52%
EPS Q2Q%-13.33%
Revenue 1Y (TTM)-1.1%
Revenue growth 3Y-5.05%
Revenue growth 5Y0.42%
Sales Q2Q%-3.4%
3.2 Future
Based on estimates for the next years, PBA will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.57% on average per year.
PBA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.45% yearly.
EPS Next Y-0.71%
EPS Next 2Y1.47%
EPS Next 3Y2.9%
EPS Next 5Y11.57%
Revenue Next Year7.09%
Revenue Next 2Y7.32%
Revenue Next 3Y5.59%
Revenue Next 5Y2.45%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 17.71 indicates a rather expensive valuation of PBA.
Compared to the rest of the industry, the Price/Earnings ratio of PBA is on the same level as its industry peers.
When comparing the Price/Earnings ratio of PBA to the average of the S&P500 Index (26.76), we can say PBA is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 17.02, the valuation of PBA can be described as rather expensive.
PBA's Price/Forward Earnings ratio is in line with the industry average.
PBA's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.71 | ||
| Fwd PE | 17.02 |
4.2 Price Multiples
PBA's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PBA indicates a somewhat cheap valuation: PBA is cheaper than 70.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.84 | ||
| EV/EBITDA | 11.15 |
4.3 Compensation for Growth
The decent profitability rating of PBA may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.47%
EPS Next 3Y2.9%
5. Dividend
5.1 Amount
PBA has a Yearly Dividend Yield of 5.32%, which is a nice return.
Compared to an average industry Dividend Yield of 6.15, PBA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, PBA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
5.2 History
The dividend of PBA has a limited annual growth rate of 2.11%.
PBA has been paying a dividend for at least 10 years, so it has a reliable track record.
PBA has decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.11%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
PBA pays out 101.62% of its income as dividend. This is not a sustainable payout ratio.
PBA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP101.62%
EPS Next 2Y1.47%
EPS Next 3Y2.9%
37.55
-0.52 (-1.37%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners63.71%
Inst Owner Change2.41%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap21.81B
Revenue(TTM)8.06B
Net Income(TTM)1.73B
Analysts76.36
Price Target43.16 (14.94%)
Short Float %2.11%
Short Ratio8.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.32% |
Yearly Dividend1.98
Dividend Growth(5Y)2.11%
DP101.62%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-0.97%
Min EPS beat(2)-1.36%
Max EPS beat(2)-0.58%
EPS beat(4)1
Avg EPS beat(4)-2.8%
Min EPS beat(4)-17.44%
Max EPS beat(4)8.17%
EPS beat(8)2
Avg EPS beat(8)1.27%
EPS beat(12)4
Avg EPS beat(12)26.5%
EPS beat(16)6
Avg EPS beat(16)17.31%
Revenue beat(2)1
Avg Revenue beat(2)11.68%
Min Revenue beat(2)-11.59%
Max Revenue beat(2)34.95%
Revenue beat(4)2
Avg Revenue beat(4)4.56%
Min Revenue beat(4)-11.59%
Max Revenue beat(4)34.95%
Revenue beat(8)3
Avg Revenue beat(8)-3.41%
Revenue beat(12)5
Avg Revenue beat(12)-1.89%
Revenue beat(16)9
Avg Revenue beat(16)5.47%
PT rev (1m)-0.95%
PT rev (3m)-4.8%
EPS NQ rev (1m)-3.67%
EPS NQ rev (3m)-4.98%
EPS NY rev (1m)0%
EPS NY rev (3m)-5%
Revenue NQ rev (1m)-0.35%
Revenue NQ rev (3m)-4.37%
Revenue NY rev (1m)0.29%
Revenue NY rev (3m)-1.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.71 | ||
| Fwd PE | 17.02 | ||
| P/S | 3.79 | ||
| P/FCF | 11.84 | ||
| P/OCF | 8.84 | ||
| P/B | 1.79 | ||
| P/tB | 2.87 | ||
| EV/EBITDA | 11.15 |
EPS(TTM)2.12
EY5.65%
EPS(NY)2.21
Fwd EY5.88%
FCF(TTM)3.17
FCFY8.44%
OCF(TTM)4.25
OCFY11.31%
SpS9.91
BVpS20.95
TBVpS13.08
PEG (NY)N/A
PEG (5Y)N/A
Graham Number31.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 10.12% | ||
| ROCE | 8.93% | ||
| ROIC | 7.24% | ||
| ROICexc | 7.29% | ||
| ROICexgc | 9.01% | ||
| OM | 37.24% | ||
| PM (TTM) | 21.39% | ||
| GM | 43.15% | ||
| FCFM | 31.99% |
ROA(3y)6.29%
ROA(5y)4.17%
ROE(3y)12.77%
ROE(5y)8.56%
ROIC(3y)6.98%
ROIC(5y)6.78%
ROICexc(3y)7.01%
ROICexc(5y)6.8%
ROICexgc(3y)9.56%
ROICexgc(5y)9.04%
ROCE(3y)8.61%
ROCE(5y)8.36%
ROICexgc growth 3Y-1.14%
ROICexgc growth 5Y4.96%
ROICexc growth 3Y-0.45%
ROICexc growth 5Y5.18%
OM growth 3Y9.34%
OM growth 5Y5.89%
PM growth 3Y22.34%
PM growth 5Y4.14%
GM growth 3Y13.54%
GM growth 5Y5.86%
F-Score6
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.19 | ||
| Debt/EBITDA | 3.21 | ||
| Cap/Depr | 91.53% | ||
| Cap/Sales | 10.85% | ||
| Interest Coverage | 4.96 | ||
| Cash Conversion | 87.24% | ||
| Profit Quality | 149.51% | ||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 1.41 |
F-Score6
WACC7.25%
ROIC/WACC1
Cap/Depr(3y)96.92%
Cap/Depr(5y)105.76%
Cap/Sales(3y)9.24%
Cap/Sales(5y)10.39%
Profit Quality(3y)112.05%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.9%
EPS 3Y14.66%
EPS 5Y-0.52%
EPS Q2Q%-13.33%
EPS Next Y-0.71%
EPS Next 2Y1.47%
EPS Next 3Y2.9%
EPS Next 5Y11.57%
Revenue 1Y (TTM)-1.1%
Revenue growth 3Y-5.05%
Revenue growth 5Y0.42%
Sales Q2Q%-3.4%
Revenue Next Year7.09%
Revenue Next 2Y7.32%
Revenue Next 3Y5.59%
Revenue Next 5Y2.45%
EBIT growth 1Y13.79%
EBIT growth 3Y3.82%
EBIT growth 5Y6.33%
EBIT Next Year34.71%
EBIT Next 3Y12.48%
EBIT Next 5Y10.06%
FCF growth 1Y7.73%
FCF growth 3Y4.28%
FCF growth 5Y20.56%
OCF growth 1Y17.96%
OCF growth 3Y6.64%
OCF growth 5Y4.89%
PEMBINA PIPELINE CORP / PBA FAQ
What is the fundamental rating for PBA stock?
ChartMill assigns a fundamental rating of 4 / 10 to PBA.
What is the valuation status for PBA stock?
ChartMill assigns a valuation rating of 4 / 10 to PEMBINA PIPELINE CORP (PBA). This can be considered as Fairly Valued.
Can you provide the profitability details for PEMBINA PIPELINE CORP?
PEMBINA PIPELINE CORP (PBA) has a profitability rating of 7 / 10.
What is the earnings growth outlook for PEMBINA PIPELINE CORP?
The Earnings per Share (EPS) of PEMBINA PIPELINE CORP (PBA) is expected to decline by -0.71% in the next year.
How sustainable is the dividend of PEMBINA PIPELINE CORP (PBA) stock?
The dividend rating of PEMBINA PIPELINE CORP (PBA) is 6 / 10 and the dividend payout ratio is 101.62%.