TC ENERGY CORP - TRPCN 4.102 PERP (TRP-PR-B.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:TRP-PR-B • CA87807B4047

17.8 CAD
-0.06 (-0.34%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Taking everything into account, TRP-PR-B scores 5 out of 10 in our fundamental rating. TRP-PR-B was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. While TRP-PR-B has a great profitability rating, there are quite some concerns on its financial health. TRP-PR-B has a bad growth rate and is valued cheaply.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year TRP-PR-B was profitable.
  • TRP-PR-B had a positive operating cash flow in the past year.
  • Each year in the past 5 years TRP-PR-B has been profitable.
  • Each year in the past 5 years TRP-PR-B had a positive operating cash flow.
TRP-PR-B.CA Yearly Net Income VS EBIT VS OCF VS FCFTRP-PR-B.CA 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 0 2B -2B 4B 6B

1.2 Ratios

  • The Return On Assets of TRP-PR-B (2.82%) is better than 71.76% of its industry peers.
  • TRP-PR-B's Return On Equity of 12.35% is amongst the best of the industry. TRP-PR-B outperforms 88.43% of its industry peers.
  • The Return On Invested Capital of TRP-PR-B (3.97%) is better than 62.50% of its industry peers.
  • TRP-PR-B had an Average Return On Invested Capital over the past 3 years of 4.35%. This is below the industry average of 6.50%.
Industry RankSector Rank
ROA 2.82%
ROE 12.35%
ROIC 3.97%
ROA(3y)2.24%
ROA(5y)2.58%
ROE(3y)9.37%
ROE(5y)9.55%
ROIC(3y)4.35%
ROIC(5y)4.58%
TRP-PR-B.CA Yearly ROA, ROE, ROICTRP-PR-B.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • TRP-PR-B has a Profit Margin of 27.28%. This is amongst the best in the industry. TRP-PR-B outperforms 93.06% of its industry peers.
  • In the last couple of years the Profit Margin of TRP-PR-B has grown nicely.
  • Looking at the Operating Margin, with a value of 44.41%, TRP-PR-B belongs to the top of the industry, outperforming 96.76% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TRP-PR-B has remained more or less at the same level.
  • TRP-PR-B has a better Gross Margin (69.05%) than 87.96% of its industry peers.
  • In the last couple of years the Gross Margin of TRP-PR-B has remained more or less at the same level.
Industry RankSector Rank
OM 44.41%
PM (TTM) 27.28%
GM 69.05%
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%
TRP-PR-B.CA Yearly Profit, Operating, Gross MarginsTRP-PR-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRP-PR-B is destroying value.
  • TRP-PR-B has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, TRP-PR-B has more shares outstanding
  • TRP-PR-B has a better debt/assets ratio than last year.
TRP-PR-B.CA Yearly Shares OutstandingTRP-PR-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
TRP-PR-B.CA Yearly Total Debt VS Total AssetsTRP-PR-B.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

2.2 Solvency

  • Based on the Altman-Z score of 0.26, we must say that TRP-PR-B is in the distress zone and has some risk of bankruptcy.
  • TRP-PR-B's Altman-Z score of 0.26 is on the low side compared to the rest of the industry. TRP-PR-B is outperformed by 62.96% of its industry peers.
  • The Debt to FCF ratio of TRP-PR-B is 31.45, which is on the high side as it means it would take TRP-PR-B, 31.45 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 31.45, TRP-PR-B is in the better half of the industry, outperforming 60.19% of the companies in the same industry.
  • TRP-PR-B has a Debt/Equity ratio of 2.13. This is a high value indicating a heavy dependency on external financing.
  • TRP-PR-B has a Debt to Equity ratio of 2.13. This is in the lower half of the industry: TRP-PR-B underperforms 71.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.13
Debt/FCF 31.45
Altman-Z 0.26
ROIC/WACC0.58
WACC6.86%
TRP-PR-B.CA Yearly LT Debt VS Equity VS FCFTRP-PR-B.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B

2.3 Liquidity

  • A Current Ratio of 0.63 indicates that TRP-PR-B may have some problems paying its short term obligations.
  • The Current ratio of TRP-PR-B (0.63) is comparable to the rest of the industry.
  • TRP-PR-B has a Quick Ratio of 0.63. This is a bad value and indicates that TRP-PR-B is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of TRP-PR-B (0.56) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.56
TRP-PR-B.CA Yearly Current Assets VS Current LiabilitesTRP-PR-B.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • TRP-PR-B shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.89%.
  • Measured over the past years, TRP-PR-B shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.06% on average per year.
  • The Revenue for TRP-PR-B has decreased by -25.33% in the past year. This is quite bad
  • The Revenue has been growing slightly by 0.77% on average over the past years.
EPS 1Y (TTM)-32.89%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-25.24%
Revenue 1Y (TTM)-25.33%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-9.28%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.33% on average over the next years.
  • Based on estimates for the next years, TRP-PR-B will show a small growth in Revenue. The Revenue will grow by 2.71% on average per year.
EPS Next Y-5.65%
EPS Next 2Y0.77%
EPS Next 3Y1.89%
EPS Next 5Y3.33%
Revenue Next Year-3.6%
Revenue Next 2Y1.19%
Revenue Next 3Y1.77%
Revenue Next 5Y2.71%

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.
TRP-PR-B.CA Yearly Revenue VS EstimatesTRP-PR-B.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
TRP-PR-B.CA Yearly EPS VS EstimatesTRP-PR-B.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4 5

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Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 5.82, the valuation of TRP-PR-B can be described as very cheap.
  • TRP-PR-B's Price/Earnings ratio is rather cheap when compared to the industry. TRP-PR-B is cheaper than 93.98% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.93. TRP-PR-B is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 4.70, the valuation of TRP-PR-B can be described as very cheap.
  • TRP-PR-B's Price/Forward Earnings ratio is rather cheap when compared to the industry. TRP-PR-B is cheaper than 96.30% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.77. TRP-PR-B is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 5.82
Fwd PE 4.7
TRP-PR-B.CA Price Earnings VS Forward Price EarningsTRP-PR-B.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TRP-PR-B is valued a bit cheaper than 68.98% of the companies in the same industry.
  • TRP-PR-B's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TRP-PR-B is cheaper than 87.04% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.5
EV/EBITDA 9.13
TRP-PR-B.CA Per share dataTRP-PR-B.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The decent profitability rating of TRP-PR-B may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.77%
EPS Next 3Y1.89%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.15%, TRP-PR-B is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.13, TRP-PR-B pays a bit more dividend than its industry peers.
  • TRP-PR-B's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 4.15%

5.2 History

  • On average, the dividend of TRP-PR-B grows each year by 13.09%, which is quite nice.
  • TRP-PR-B has been paying a dividend for at least 10 years, so it has a reliable track record.
  • TRP-PR-B has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)13.09%
Div Incr Years0
Div Non Decr Years3
TRP-PR-B.CA Yearly Dividends per shareTRP-PR-B.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • 110.00% of the earnings are spent on dividend by TRP-PR-B. This is not a sustainable payout ratio.
  • The dividend of TRP-PR-B is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP110%
EPS Next 2Y0.77%
EPS Next 3Y1.89%
TRP-PR-B.CA Yearly Income VS Free CF VS DividendTRP-PR-B.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B
TRP-PR-B.CA Dividend Payout.TRP-PR-B.CA Dividend Payout, showing the Payout Ratio.TRP-PR-B.CA Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

TC ENERGY CORP - TRPCN 4.102 PERP

TSX:TRP-PR-B (2/6/2026, 7:00:00 PM)

17.8

-0.06 (-0.34%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-06
Earnings (Next)02-13
Inst Owners83.73%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap18.53B
Revenue(TTM)12.43B
Net Income(TTM)3.39B
Analysts74.4
Price Target19.47 (9.38%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.15%
Yearly Dividend3.9
Dividend Growth(5Y)13.09%
DP110%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.38%
Min EPS beat(2)-4.57%
Max EPS beat(2)3.8%
EPS beat(4)1
Avg EPS beat(4)-13.12%
Min EPS beat(4)-48.32%
Max EPS beat(4)3.8%
EPS beat(8)5
Avg EPS beat(8)-1.97%
EPS beat(12)7
Avg EPS beat(12)-0.86%
EPS beat(16)9
Avg EPS beat(16)-0.26%
Revenue beat(2)1
Avg Revenue beat(2)1.8%
Min Revenue beat(2)-0.72%
Max Revenue beat(2)4.32%
Revenue beat(4)2
Avg Revenue beat(4)-13.83%
Min Revenue beat(4)-63.24%
Max Revenue beat(4)4.32%
Revenue beat(8)4
Avg Revenue beat(8)-5.97%
Revenue beat(12)7
Avg Revenue beat(12)-3.33%
Revenue beat(16)9
Avg Revenue beat(16)-2.19%
PT rev (1m)1.71%
PT rev (3m)5.14%
EPS NQ rev (1m)-5.5%
EPS NQ rev (3m)-7.04%
EPS NY rev (1m)-0.41%
EPS NY rev (3m)-2.1%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)0.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.31%
Valuation
Industry RankSector Rank
PE 5.82
Fwd PE 4.7
P/S 1.49
P/FCF 9.5
P/OCF 2.46
P/B 0.67
P/tB 1.3
EV/EBITDA 9.13
EPS(TTM)3.06
EY17.19%
EPS(NY)3.79
Fwd EY21.28%
FCF(TTM)1.87
FCFY10.53%
OCF(TTM)7.24
OCFY40.67%
SpS11.94
BVpS26.38
TBVpS13.68
PEG (NY)N/A
PEG (5Y)N/A
Graham Number42.62
Profitability
Industry RankSector Rank
ROA 2.82%
ROE 12.35%
ROCE 5.11%
ROIC 3.97%
ROICexc 4.05%
ROICexgc 4.62%
OM 44.41%
PM (TTM) 27.28%
GM 69.05%
FCFM 15.69%
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%
ROICexgc growth 3Y-4.34%
ROICexgc 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-Score5
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 2.13
Debt/FCF 31.45
Debt/EBITDA 7.13
Cap/Depr 207.7%
Cap/Sales 44.93%
Interest Coverage 250
Cash Conversion 91.8%
Profit Quality 57.53%
Current Ratio 0.63
Quick Ratio 0.56
Altman-Z 0.26
F-Score5
WACC6.86%
ROIC/WACC0.58
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)-32.89%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-25.24%
EPS Next Y-5.65%
EPS Next 2Y0.77%
EPS Next 3Y1.89%
EPS Next 5Y3.33%
Revenue 1Y (TTM)-25.33%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-9.28%
Revenue Next Year-3.6%
Revenue Next 2Y1.19%
Revenue Next 3Y1.77%
Revenue Next 5Y2.71%
EBIT growth 1Y-20.42%
EBIT growth 3Y-0.68%
EBIT growth 5Y0%
EBIT Next Year29.76%
EBIT Next 3Y13.14%
EBIT Next 5Y9.48%
FCF growth 1Y359.1%
FCF growth 3Y11.47%
FCF growth 5YN/A
OCF growth 1Y1.39%
OCF growth 3Y3.76%
OCF growth 5Y1.68%

TC ENERGY CORP - TRPCN 4.102 PERP / TRP-PR-B.CA FAQ

What is the fundamental rating for TRP-PR-B stock?

ChartMill assigns a fundamental rating of 5 / 10 to TRP-PR-B.CA.


Can you provide the valuation status for TC ENERGY CORP - TRPCN 4.102 PERP?

ChartMill assigns a valuation rating of 8 / 10 to TC ENERGY CORP - TRPCN 4.102 PERP (TRP-PR-B.CA). This can be considered as Undervalued.


What is the profitability of TRP-PR-B stock?

TC ENERGY CORP - TRPCN 4.102 PERP (TRP-PR-B.CA) has a profitability rating of 7 / 10.


What is the valuation of TC ENERGY CORP - TRPCN 4.102 PERP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for TC ENERGY CORP - TRPCN 4.102 PERP (TRP-PR-B.CA) is 5.82 and the Price/Book (PB) ratio is 0.67.


Can you provide the expected EPS growth for TRP-PR-B stock?

The Earnings per Share (EPS) of TC ENERGY CORP - TRPCN 4.102 PERP (TRP-PR-B.CA) is expected to decline by -5.65% in the next year.