PEMBINA PIPELINE CORP (PPL.CA) Fundamental Analysis & Valuation
TSX:PPL • CA7063271034
Current stock price
61.9 CAD
-0.13 (-0.21%)
Last:
This PPL.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. PPL.CA Profitability Analysis
1.1 Basic Checks
- In the past year PPL was profitable.
- PPL had a positive operating cash flow in the past year.
- Each year in the past 5 years PPL has been profitable.
- Each year in the past 5 years PPL had a positive operating cash flow.
1.2 Ratios
- PPL has a Return On Assets of 4.36%. This is in the better half of the industry: PPL outperforms 78.57% of its industry peers.
- The Return On Equity of PPL (9.24%) is better than 66.67% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 6.18%, PPL belongs to the top of the industry, outperforming 81.43% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for PPL is in line with the industry average of 6.90%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.36% | ||
| ROE | 9.24% | ||
| ROIC | 6.18% |
ROA(3y)4.73%
ROA(5y)5.34%
ROE(3y)9.83%
ROE(5y)11.05%
ROIC(3y)6.41%
ROIC(5y)6.57%
1.3 Margins
- Looking at the Profit Margin, with a value of 19.93%, PPL belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
- In the last couple of years the Profit Margin of PPL has declined.
- With an excellent Operating Margin value of 34.66%, PPL belongs to the best of the industry, outperforming 87.14% of the companies in the same industry.
- PPL's Operating Margin has been stable in the last couple of years.
- PPL has a Gross Margin (41.05%) which is comparable to the rest of the industry.
- In the last couple of years the Gross Margin of PPL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.66% | ||
| PM (TTM) | 19.93% | ||
| GM | 41.05% |
OM growth 3Y15.75%
OM growth 5Y0.53%
PM growth 3Y-6.62%
PM growth 5YN/A
GM growth 3Y15.14%
GM growth 5Y1.86%
2. PPL.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PPL is destroying value.
- The number of shares outstanding for PPL remains at a similar level compared to 1 year ago.
- PPL has more shares outstanding than it did 5 years ago.
- PPL has a worse debt/assets ratio than last year.
2.2 Solvency
- PPL has an Altman-Z score of 1.50. This is a bad value and indicates that PPL is not financially healthy and even has some risk of bankruptcy.
- PPL has a Altman-Z score of 1.50. This is in the better half of the industry: PPL outperforms 65.24% of its industry peers.
- PPL has a debt to FCF ratio of 5.29. This is a neutral value as PPL would need 5.29 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 5.29, PPL is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
- A Debt/Equity ratio of 0.75 indicates that PPL is somewhat dependend on debt financing.
- PPL's Debt to Equity ratio of 0.75 is in line compared to the rest of the industry. PPL outperforms 43.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.29 | ||
| Altman-Z | 1.5 |
ROIC/WACC0.92
WACC6.74%
2.3 Liquidity
- PPL has a Current Ratio of 0.61. This is a bad value and indicates that PPL is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Current ratio of PPL (0.61) is worse than 68.10% of its industry peers.
- A Quick Ratio of 0.47 indicates that PPL may have some problems paying its short term obligations.
- PPL's Quick ratio of 0.47 is on the low side compared to the rest of the industry. PPL is outperformed by 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.47 |
3. PPL.CA Growth Analysis
3.1 Past
- PPL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.33%.
- The earnings per share for PPL have been decreasing by -19.61% on average. This is quite bad
- PPL shows a small growth in Revenue. In the last year, the Revenue has grown by 5.34%.
- PPL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.63% yearly.
EPS 1Y (TTM)-11.33%
EPS 3Y-19.61%
EPS 5YN/A
EPS Q2Q%-15.22%
Revenue 1Y (TTM)5.34%
Revenue growth 3Y-12.5%
Revenue growth 5Y4.63%
Sales Q2Q%-10.82%
3.2 Future
- Based on estimates for the next years, PPL will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.84% on average per year.
- PPL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.44% yearly.
EPS Next Y4.41%
EPS Next 2Y8.16%
EPS Next 3Y9.28%
EPS Next 5Y9.84%
Revenue Next Year-6.34%
Revenue Next 2Y-0.45%
Revenue Next 3Y1.25%
Revenue Next 5Y2.44%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. PPL.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 23.27, the valuation of PPL can be described as rather expensive.
- 66.67% of the companies in the same industry are more expensive than PPL, based on the Price/Earnings ratio.
- PPL is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 22.29, which indicates a rather expensive current valuation of PPL.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of PPL indicates a somewhat cheap valuation: PPL is cheaper than 68.10% of the companies listed in the same industry.
- PPL is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.27 | ||
| Fwd PE | 22.29 |
4.2 Price Multiples
- PPL's Enterprise Value to EBITDA is on the same level as the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of PPL indicates a rather cheap valuation: PPL is cheaper than 81.43% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.29 | ||
| EV/EBITDA | 13.35 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of PPL may justify a higher PE ratio.
PEG (NY)5.28
PEG (5Y)N/A
EPS Next 2Y8.16%
EPS Next 3Y9.28%
5. PPL.CA Dividend Analysis
5.1 Amount
- PPL has a Yearly Dividend Yield of 4.47%, which is a nice return.
- PPL's Dividend Yield is rather good when compared to the industry average which is at 4.07. PPL pays more dividend than 81.43% of the companies in the same industry.
- PPL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
5.2 History
- The dividend of PPL has a limited annual growth rate of 1.82%.
- PPL has been paying a dividend for at least 10 years, so it has a reliable track record.
- PPL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.82%
Div Incr Years4
Div Non Decr Years27
5.3 Sustainability
- PPL pays out 114.32% of its income as dividend. This is not a sustainable payout ratio.
- PPL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP114.32%
EPS Next 2Y8.16%
EPS Next 3Y9.28%
PPL.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:PPL (4/8/2026, 7:00:00 PM)
61.9
-0.13 (-0.21%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-26 2026-02-26/amc
Earnings (Next)05-06 2026-05-06/amc
Inst Owners62.27%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap35.97B
Revenue(TTM)7.78B
Net Income(TTM)1.55B
Analysts74.29
Price Target63.58 (2.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
Yearly Dividend3.05
Dividend Growth(5Y)1.82%
DP114.32%
Div Incr Years4
Div Non Decr Years27
Ex-Date03-16 2026-03-16 (0.71)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-14.08%
Min EPS beat(2)-33.88%
Max EPS beat(2)5.72%
EPS beat(4)1
Avg EPS beat(4)-7.53%
Min EPS beat(4)-33.88%
Max EPS beat(4)5.72%
EPS beat(8)2
Avg EPS beat(8)-5.25%
EPS beat(12)4
Avg EPS beat(12)-2.66%
EPS beat(16)6
Avg EPS beat(16)18.03%
Revenue beat(2)0
Avg Revenue beat(2)-6.77%
Min Revenue beat(2)-9.09%
Max Revenue beat(2)-4.45%
Revenue beat(4)1
Avg Revenue beat(4)2.46%
Min Revenue beat(4)-11.59%
Max Revenue beat(4)34.95%
Revenue beat(8)2
Avg Revenue beat(8)-5.24%
Revenue beat(12)3
Avg Revenue beat(12)-4.52%
Revenue beat(16)7
Avg Revenue beat(16)-0.27%
PT rev (1m)3.67%
PT rev (3m)4.4%
EPS NQ rev (1m)-4.05%
EPS NQ rev (3m)-10.41%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-10.21%
Revenue NY rev (3m)-9.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.27 | ||
| Fwd PE | 22.29 | ||
| P/S | 4.62 | ||
| P/FCF | 14.29 | ||
| P/OCF | 10.9 | ||
| P/B | 2.14 | ||
| P/tB | 3.45 | ||
| EV/EBITDA | 13.35 |
EPS(TTM)2.66
EY4.3%
EPS(NY)2.78
Fwd EY4.49%
FCF(TTM)4.33
FCFY7%
OCF(TTM)5.68
OCFY9.18%
SpS13.39
BVpS28.86
TBVpS17.94
PEG (NY)5.28
PEG (5Y)N/A
Graham Number41.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.36% | ||
| ROE | 9.24% | ||
| ROCE | 8.05% | ||
| ROIC | 6.18% | ||
| ROICexc | 6.2% | ||
| ROICexgc | 7.65% | ||
| OM | 34.66% | ||
| PM (TTM) | 19.93% | ||
| GM | 41.05% | ||
| FCFM | 32.36% |
ROA(3y)4.73%
ROA(5y)5.34%
ROE(3y)9.83%
ROE(5y)11.05%
ROIC(3y)6.41%
ROIC(5y)6.57%
ROICexc(3y)6.44%
ROICexc(5y)6.59%
ROICexgc(3y)8.03%
ROICexgc(5y)8.7%
ROCE(3y)8.35%
ROCE(5y)8.56%
ROICexgc growth 3Y-10.52%
ROICexgc growth 5Y2.02%
ROICexc growth 3Y-2.99%
ROICexc growth 5Y2.65%
OM growth 3Y15.75%
OM growth 5Y0.53%
PM growth 3Y-6.62%
PM growth 5YN/A
GM growth 3Y15.14%
GM growth 5Y1.86%
F-Score6
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 5.29 | ||
| Debt/EBITDA | 3.43 | ||
| Cap/Depr | 79.43% | ||
| Cap/Sales | 10.08% | ||
| Interest Coverage | 4.41 | ||
| Cash Conversion | 89.63% | ||
| Profit Quality | 162.39% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.47 | ||
| Altman-Z | 1.5 |
F-Score6
WACC6.74%
ROIC/WACC0.92
Cap/Depr(3y)93.87%
Cap/Depr(5y)92.24%
Cap/Sales(3y)10.86%
Cap/Sales(5y)9.08%
Profit Quality(3y)138.92%
Profit Quality(5y)135.99%
High Growth Momentum
Growth
EPS 1Y (TTM)-11.33%
EPS 3Y-19.61%
EPS 5YN/A
EPS Q2Q%-15.22%
EPS Next Y4.41%
EPS Next 2Y8.16%
EPS Next 3Y9.28%
EPS Next 5Y9.84%
Revenue 1Y (TTM)5.34%
Revenue growth 3Y-12.5%
Revenue growth 5Y4.63%
Sales Q2Q%-10.82%
Revenue Next Year-6.34%
Revenue Next 2Y-0.45%
Revenue Next 3Y1.25%
Revenue Next 5Y2.44%
EBIT growth 1Y-6.94%
EBIT growth 3Y1.28%
EBIT growth 5Y5.18%
EBIT Next Year37.2%
EBIT Next 3Y14.89%
EBIT Next 5Y11.48%
FCF growth 1Y11.42%
FCF growth 3Y2.69%
FCF growth 5Y15.53%
OCF growth 1Y2.71%
OCF growth 3Y4.07%
OCF growth 5Y7.95%
PEMBINA PIPELINE CORP / PPL.CA Fundamental Analysis FAQ
What is the ChartMill fundamental rating of PEMBINA PIPELINE CORP (PPL.CA) stock?
ChartMill assigns a fundamental rating of 4 / 10 to PPL.CA.
What is the valuation status of PEMBINA PIPELINE CORP (PPL.CA) stock?
ChartMill assigns a valuation rating of 4 / 10 to PEMBINA PIPELINE CORP (PPL.CA). This can be considered as Fairly Valued.
What is the profitability of PPL stock?
PEMBINA PIPELINE CORP (PPL.CA) has a profitability rating of 7 / 10.
What is the financial health of PEMBINA PIPELINE CORP (PPL.CA) stock?
The financial health rating of PEMBINA PIPELINE CORP (PPL.CA) is 2 / 10.
What is the earnings growth outlook for PEMBINA PIPELINE CORP?
The Earnings per Share (EPS) of PEMBINA PIPELINE CORP (PPL.CA) is expected to grow by 4.41% in the next year.