TC ENERGY CORP - TRPCN 4.939 PERP (TRP-PR-A.CA) Stock Fundamental Analysis
TSX:TRP-PR-A - Toronto Stock Exchange - CA87807B2066 - Currency: CAD
Overall TRP-PR-A gets a fundamental rating of 4 out of 10. We evaluated TRP-PR-A against 207 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 valued correctly, but it does not seem to be growing.
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.
TRP-PR-A had positive earnings in each of the past 5 years.
Each year in the past 5 years TRP-PR-A had a positive operating cash flow.
1.2 Ratios
TRP-PR-A has a better Return On Assets (3.62%) than 71.98% of its industry peers.
TRP-PR-A has a better Return On Equity (15.78%) than 88.41% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.94%, TRP-PR-A is in line with its industry, outperforming 57.00% of the companies in the same industry.
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 7.39%.
| 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's Profit Margin of 33.22% is amongst the best of the industry. TRP-PR-A outperforms 91.79% 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 93.72% 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.
TRP-PR-A has a Gross Margin of 68.14%. This is amongst the best in the industry. TRP-PR-A outperforms 83.09% of its industry peers.
In the last couple of years the Gross Margin of TRP-PR-A has remained more or less at the same level.
| 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
TRP-PR-A has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
The debt/assets ratio for TRP-PR-A has been reduced compared to a year ago.
2.2 Solvency
TRP-PR-A has an Altman-Z score of 0.30. 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 (0.30) is comparable to the rest of the industry.
The Debt to FCF ratio of TRP-PR-A is 84.11, which is on the high side as it means it would take TRP-PR-A, 84.11 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 84.11, TRP-PR-A perfoms like the industry average, outperforming 54.11% of the companies in the same industry.
A Debt/Equity ratio of 2.15 is on the high side and indicates that TRP-PR-A has dependencies on debt financing.
The Debt to Equity ratio of TRP-PR-A (2.15) is worse than 78.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 84.11 | ||
| Altman-Z | 0.3 |
ROIC/WACC0.56
WACC7.03%
2.3 Liquidity
A Current Ratio of 0.70 indicates that TRP-PR-A may have some problems paying its short term obligations.
With a Current ratio value of 0.70, TRP-PR-A perfoms like the industry average, outperforming 40.58% of the companies in the same industry.
A Quick Ratio of 0.63 indicates that TRP-PR-A may have some problems paying its short term obligations.
TRP-PR-A's Quick ratio of 0.63 is on the low side compared to the rest of the industry. TRP-PR-A is outperformed by 60.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
The earnings per share for TRP-PR-A have decreased strongly by -24.40% in the last year.
Measured over the past years, TRP-PR-A shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.06% on average per year.
Looking at the last year, TRP-PR-A shows a very negative growth in Revenue. The Revenue has decreased by -19.07% in the last 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)-24.4%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-23.39%
Revenue 1Y (TTM)-19.07%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-14.61%
3.2 Future
TRP-PR-A is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.69% yearly.
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-7.6%
Revenue Next 2Y0.32%
Revenue Next 3Y1.15%
Revenue Next 5Y3.22%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 5.79 indicates a rather cheap valuation of TRP-PR-A.
Based on the Price/Earnings ratio, TRP-PR-A is valued cheaply inside the industry as 90.82% of the companies are valued more expensively.
TRP-PR-A's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.30.
TRP-PR-A is valuated cheaply with a Price/Forward Earnings ratio of 4.88.
Based on the Price/Forward Earnings ratio, TRP-PR-A is valued cheaply inside the industry as 90.82% of the companies are valued more expensively.
TRP-PR-A's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.79 | ||
| Fwd PE | 4.88 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as TRP-PR-A.
The rest of the industry has a similar Price/Free Cash Flow ratio as TRP-PR-A.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.1 | ||
| EV/EBITDA | 9.42 |
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.
The decent profitability rating of TRP-PR-A may justify a higher PE ratio.
PEG (NY)2.78
PEG (5Y)N/A
EPS Next 2Y4.59%
EPS Next 3Y3.37%
5. Dividend
5.1 Amount
TRP-PR-A has a Yearly Dividend Yield of 2.85%. Purely for dividend investing, there may be better candidates out there.
TRP-PR-A's Dividend Yield is a higher than the industry average which is at 6.35.
TRP-PR-A's Dividend Yield is a higher than the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.85% |
5.2 History
The dividend of TRP-PR-A is nicely growing with an annual growth rate of 13.09%!
TRP-PR-A has paid a dividend for at least 10 years, which is a reliable track record.
TRP-PR-A has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)13.09%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
TRP-PR-A pays out 90.34% of its income as dividend. This is not a sustainable payout ratio.
TRP-PR-A's earnings are growing slower than its dividend. 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 (7/11/2025, 7:00:00 PM)
19.91
+0.1 (+0.5%)
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 Cap20.71B
Analysts73.33
Price Target21.75 (9.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.85% |
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)15.21%
PT rev (3m)7.88%
EPS NQ rev (1m)-0.1%
EPS NQ rev (3m)-11.26%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.79 | ||
| Fwd PE | 4.88 | ||
| P/S | 1.57 | ||
| P/FCF | 28.1 | ||
| P/OCF | 2.93 | ||
| P/B | 0.75 | ||
| P/tB | 1.47 | ||
| EV/EBITDA | 9.42 |
EPS(TTM)3.44
EY17.28%
EPS(NY)4.08
Fwd EY20.49%
FCF(TTM)0.71
FCFY3.56%
OCF(TTM)6.79
OCFY34.1%
SpS12.65
BVpS26.63
TBVpS13.51
PEG (NY)2.78
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 | 0.3 |
F-Score4
WACC7.03%
ROIC/WACC0.56
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)-24.4%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-23.39%
EPS Next Y2.08%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
EPS Next 5Y4.69%
Revenue 1Y (TTM)-19.07%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-14.61%
Revenue Next Year-7.6%
Revenue Next 2Y0.32%
Revenue Next 3Y1.15%
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%