TC ENERGY CORP - TRPCN 4.939 PERP (TRP-PR-A.CA) Stock Fundamental Analysis
TSX:TRP-PR-A - Toronto Stock Exchange - CA87807B2066 - Currency: CAD
TRP-PR-A gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 214 industry peers in the Oil, Gas & Consumable Fuels industry. While TRP-PR-A has a great profitability rating, there are quite some concerns on its financial health. TRP-PR-A is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year TRP-PR-A was profitable.
TRP-PR-A had a positive operating cash flow in the past year.
Each year in the past 5 years TRP-PR-A has been profitable.
Each year in the past 5 years TRP-PR-A had a positive operating cash flow.
1.2 Ratios
The Return On Assets of TRP-PR-A (3.62%) is better than 71.96% of its industry peers.
Looking at the Return On Equity, with a value of 15.78%, TRP-PR-A belongs to the top of the industry, outperforming 87.85% of the companies in the same industry.
TRP-PR-A has a Return On Invested Capital of 3.94%. This is comparable to the rest of the industry: TRP-PR-A outperforms 57.01% of its industry peers.
TRP-PR-A had an Average Return On Invested Capital over the past 3 years of 4.35%. This is below the industry average of 7.26%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.62% | ||
| ROE | 15.78% | ||
| ROIC | 3.94% |
ROA(3y)2.24%
ROA(5y)2.58%
ROE(3y)9.37%
ROE(5y)9.55%
ROIC(3y)4.35%
ROIC(5y)4.58%
1.3 Margins
TRP-PR-A has a Profit Margin of 33.22%. This is amongst the best in the industry. TRP-PR-A outperforms 91.59% of its industry peers.
TRP-PR-A's Profit Margin has improved in the last couple of years.
TRP-PR-A has a Operating Margin of 42.10%. This is amongst the best in the industry. TRP-PR-A outperforms 93.46% of its industry peers.
In the last couple of years the Operating Margin of TRP-PR-A has remained more or less at the same level.
With an excellent Gross Margin value of 68.14%, TRP-PR-A belongs to the best of the industry, outperforming 83.18% of the companies in the same industry.
TRP-PR-A's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 42.1% | ||
| PM (TTM) | 33.22% | ||
| GM | 68.14% |
OM growth 3Y-1.61%
OM growth 5Y-0.76%
PM growth 3Y35%
PM growth 5Y2.15%
GM growth 3Y-0.69%
GM growth 5Y-0.74%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRP-PR-A is destroying value.
TRP-PR-A has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for TRP-PR-A has been increased compared to 5 years ago.
Compared to 1 year ago, TRP-PR-A has an improved debt to assets ratio.
2.2 Solvency
TRP-PR-A has an Altman-Z score of 0.31. This is a bad value and indicates that TRP-PR-A is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of TRP-PR-A (0.31) is worse than 61.68% of its industry peers.
TRP-PR-A has a debt to FCF ratio of 84.11. This is a negative value and a sign of low solvency as TRP-PR-A would need 84.11 years to pay back of all of its debts.
TRP-PR-A's Debt to FCF ratio of 84.11 is in line compared to the rest of the industry. TRP-PR-A outperforms 54.21% of its industry peers.
A Debt/Equity ratio of 2.15 is on the high side and indicates that TRP-PR-A has dependencies on debt financing.
TRP-PR-A has a Debt to Equity ratio of 2.15. This is in the lower half of the industry: TRP-PR-A underperforms 78.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 84.11 | ||
| Altman-Z | 0.31 |
ROIC/WACC0.55
WACC7.13%
2.3 Liquidity
TRP-PR-A has a Current Ratio of 0.70. This is a bad value and indicates that TRP-PR-A is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of TRP-PR-A (0.70) is worse than 60.28% of its industry peers.
A Quick Ratio of 0.63 indicates that TRP-PR-A may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.63, TRP-PR-A is doing worse than 60.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
TRP-PR-A shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -26.77%.
TRP-PR-A shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.06% yearly.
The Revenue has been growing slightly by 3.80% in the past year.
Measured over the past years, TRP-PR-A shows a small growth in Revenue. The Revenue has been growing by 0.77% on average per year.
EPS 1Y (TTM)-26.77%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-13.07%
Revenue 1Y (TTM)3.8%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-8.26%
3.2 Future
The Earnings Per Share is expected to grow by 4.69% on average over the next years.
The Revenue is expected to grow by 3.22% on average over the next years.
EPS Next Y2.08%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
EPS Next 5Y4.69%
Revenue Next Year-4.6%
Revenue Next 2Y0.54%
Revenue Next 3Y1.21%
Revenue Next 5Y3.22%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 6.23, which indicates a rather cheap valuation of TRP-PR-A.
Based on the Price/Earnings ratio, TRP-PR-A is valued cheaper than 90.19% of the companies in the same industry.
When comparing the Price/Earnings ratio of TRP-PR-A to the average of the S&P500 Index (27.24), we can say TRP-PR-A is valued rather cheaply.
The Price/Forward Earnings ratio is 5.07, which indicates a rather cheap valuation of TRP-PR-A.
90.65% of the companies in the same industry are more expensive than TRP-PR-A, based on the Price/Forward Earnings ratio.
TRP-PR-A is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.42, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.23 | ||
| Fwd PE | 5.07 |
4.2 Price Multiples
TRP-PR-A's Enterprise Value to EBITDA ratio is in line with the industry average.
TRP-PR-A's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.18 | ||
| EV/EBITDA | 9.53 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TRP-PR-A does not grow enough to justify the current Price/Earnings ratio.
TRP-PR-A has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.99
PEG (5Y)N/A
EPS Next 2Y4.59%
EPS Next 3Y3.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.44%, TRP-PR-A has a reasonable but not impressive dividend return.
TRP-PR-A's Dividend Yield is a higher than the industry average which is at 5.75.
TRP-PR-A's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
5.2 History
On average, the dividend of TRP-PR-A grows each year by 13.09%, which is quite nice.
TRP-PR-A has paid a dividend for at least 10 years, which is a reliable track record.
As TRP-PR-A did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)13.09%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
90.34% of the earnings are spent on dividend by TRP-PR-A. This is not a sustainable payout ratio.
The dividend of TRP-PR-A is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP90.34%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
TC ENERGY CORP - TRPCN 4.939 PERP
TSX:TRP-PR-A (8/1/2025, 7:00:00 PM)
20.68
-0.22 (-1.05%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners78.66%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap21.51B
Analysts73.33
Price Target22.39 (8.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
Yearly Dividend3.9
Dividend Growth(5Y)13.09%
DP90.34%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-25.85%
Min EPS beat(2)-48.32%
Max EPS beat(2)-3.38%
EPS beat(4)2
Avg EPS beat(4)-10.64%
Min EPS beat(4)-48.32%
Max EPS beat(4)7.33%
EPS beat(8)5
Avg EPS beat(8)-1.64%
EPS beat(12)8
Avg EPS beat(12)-0.13%
EPS beat(16)9
Avg EPS beat(16)0.35%
Revenue beat(2)1
Avg Revenue beat(2)-29.46%
Min Revenue beat(2)-63.24%
Max Revenue beat(2)4.32%
Revenue beat(4)3
Avg Revenue beat(4)-12.67%
Min Revenue beat(4)-63.24%
Max Revenue beat(4)6.32%
Revenue beat(8)5
Avg Revenue beat(8)-6%
Revenue beat(12)8
Avg Revenue beat(12)-2.83%
Revenue beat(16)8
Avg Revenue beat(16)-3.32%
PT rev (1m)2.96%
PT rev (3m)20.82%
EPS NQ rev (1m)0.82%
EPS NQ rev (3m)-10.17%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0.56%
Revenue NQ rev (3m)1.27%
Revenue NY rev (1m)3.24%
Revenue NY rev (3m)0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.23 | ||
| Fwd PE | 5.07 | ||
| P/S | 1.64 | ||
| P/FCF | 29.18 | ||
| P/OCF | 3.05 | ||
| P/B | 0.78 | ||
| P/tB | 1.53 | ||
| EV/EBITDA | 9.53 |
EPS(TTM)3.32
EY16.05%
EPS(NY)4.08
Fwd EY19.73%
FCF(TTM)0.71
FCFY3.43%
OCF(TTM)6.79
OCFY32.83%
SpS12.65
BVpS26.63
TBVpS13.51
PEG (NY)2.99
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.62% | ||
| ROE | 15.78% | ||
| ROCE | 5.02% | ||
| ROIC | 3.94% | ||
| ROICexc | 4.02% | ||
| ROICexgc | 4.6% | ||
| OM | 42.1% | ||
| PM (TTM) | 33.22% | ||
| GM | 68.14% | ||
| FCFM | 5.6% |
ROA(3y)2.24%
ROA(5y)2.58%
ROE(3y)9.37%
ROE(5y)9.55%
ROIC(3y)4.35%
ROIC(5y)4.58%
ROICexc(3y)4.42%
ROICexc(5y)4.65%
ROICexgc(3y)5.04%
ROICexgc(5y)5.34%
ROCE(3y)5.6%
ROCE(5y)5.97%
ROICexcg growth 3Y-4.34%
ROICexcg growth 5Y-4.28%
ROICexc growth 3Y-4.22%
ROICexc growth 5Y-3.48%
OM growth 3Y-1.61%
OM growth 5Y-0.76%
PM growth 3Y35%
PM growth 5Y2.15%
GM growth 3Y-0.69%
GM growth 5Y-0.74%
F-Score4
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 84.11 | ||
| Debt/EBITDA | 7.18 | ||
| Cap/Depr | 230.18% | ||
| Cap/Sales | 48.08% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.22% | ||
| Profit Quality | 16.87% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 0.31 |
F-Score4
WACC7.13%
ROIC/WACC0.55
Cap/Depr(3y)260.57%
Cap/Depr(5y)266.14%
Cap/Sales(3y)50.84%
Cap/Sales(5y)51.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-26.77%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-13.07%
EPS Next Y2.08%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
EPS Next 5Y4.69%
Revenue 1Y (TTM)3.8%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-8.26%
Revenue Next Year-4.6%
Revenue Next 2Y0.54%
Revenue Next 3Y1.21%
Revenue Next 5Y3.22%
EBIT growth 1Y-19.58%
EBIT growth 3Y-0.68%
EBIT growth 5Y0%
EBIT Next Year30.13%
EBIT Next 3Y12.83%
EBIT Next 5Y10.98%
FCF growth 1Y267.5%
FCF growth 3Y11.47%
FCF growth 5YN/A
OCF growth 1Y4.72%
OCF growth 3Y3.76%
OCF growth 5Y1.68%