TC ENERGY CORP - TRPCN 4.102 PERP (TRP-PR-B.CA) Stock Fundamental Analysis
TSX:TRP-PR-B - Toronto Stock Exchange - CA87807B4047 - Currency: CAD
Taking everything into account, TRP-PR-B scores 5 out of 10 in our fundamental rating. TRP-PR-B was compared to 207 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 is cheap, but on the other hand it scores bad on growth.
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.
TRP-PR-B had positive earnings in each of the past 5 years.
In the past 5 years TRP-PR-B always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 3.62%, TRP-PR-B is doing good in the industry, outperforming 73.91% of the companies in the same industry.
TRP-PR-B has a better Return On Equity (15.78%) than 90.34% of its industry peers.
With a Return On Invested Capital value of 3.94%, TRP-PR-B perfoms like the industry average, outperforming 58.94% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TRP-PR-B 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
The Profit Margin of TRP-PR-B (33.22%) is better than 93.72% of its industry peers.
TRP-PR-B's Profit Margin has improved in the last couple of years.
TRP-PR-B's Operating Margin of 42.10% is amongst the best of the industry. TRP-PR-B outperforms 95.65% of its industry peers.
TRP-PR-B's Operating Margin has been stable in the last couple of years.
TRP-PR-B has a Gross Margin of 68.14%. This is amongst the best in the industry. TRP-PR-B outperforms 85.02% of its industry peers.
TRP-PR-B'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-B is destroying value.
Compared to 1 year ago, TRP-PR-B has about the same amount of shares outstanding.
The number of shares outstanding for TRP-PR-B has been increased compared to 5 years ago.
The debt/assets ratio for TRP-PR-B has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.29, we must say that TRP-PR-B is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.29, TRP-PR-B is doing worse than 61.84% of the companies in the same industry.
TRP-PR-B has a debt to FCF ratio of 84.11. This is a negative value and a sign of low solvency as TRP-PR-B would need 84.11 years to pay back of all of its debts.
TRP-PR-B's Debt to FCF ratio of 84.11 is in line compared to the rest of the industry. TRP-PR-B outperforms 56.04% of its industry peers.
TRP-PR-B has a Debt/Equity ratio of 2.15. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 2.15, TRP-PR-B is not doing good in the industry: 76.33% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 84.11 | ||
| Altman-Z | 0.29 |
ROIC/WACC0.58
WACC6.75%
2.3 Liquidity
A Current Ratio of 0.70 indicates that TRP-PR-B may have some problems paying its short term obligations.
TRP-PR-B's Current ratio of 0.70 is in line compared to the rest of the industry. TRP-PR-B outperforms 43.00% of its industry peers.
TRP-PR-B has a Quick Ratio of 0.70. 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.
Looking at the Quick ratio, with a value of 0.63, TRP-PR-B is in line with its industry, outperforming 41.55% 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-B shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.40%.
The Earnings Per Share has been decreasing by -2.06% on average over the past years.
The Revenue for TRP-PR-B has decreased by -19.07% in the past year. This is quite bad
Measured over the past years, TRP-PR-B 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
Based on estimates for the next years, TRP-PR-B will show a small growth in Earnings Per Share. The EPS will grow by 4.69% on average per year.
TRP-PR-B is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.22% yearly.
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.
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
With a Price/Earnings ratio of 4.99, the valuation of TRP-PR-B can be described as very cheap.
Based on the Price/Earnings ratio, TRP-PR-B is valued cheaply inside the industry as 94.20% of the companies are valued more expensively.
TRP-PR-B's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.30.
A Price/Forward Earnings ratio of 4.21 indicates a rather cheap valuation of TRP-PR-B.
92.75% of the companies in the same industry are more expensive than TRP-PR-B, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of TRP-PR-B to the average of the S&P500 Index (21.76), we can say TRP-PR-B is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.99 | ||
| Fwd PE | 4.21 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TRP-PR-B is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TRP-PR-B indicates a somewhat cheap valuation: TRP-PR-B is cheaper than 60.39% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.24 | ||
| EV/EBITDA | 9.09 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
TRP-PR-B has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.4
PEG (5Y)N/A
EPS Next 2Y4.59%
EPS Next 3Y3.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.46%, TRP-PR-B has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.26, TRP-PR-B pays a bit more dividend than its industry peers.
TRP-PR-B's Dividend Yield is comparable with the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
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
5.3 Sustainability
TRP-PR-B pays out 90.34% of its income as dividend. 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.
DP90.34%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
TC ENERGY CORP - TRPCN 4.102 PERP
TSX:TRP-PR-B (7/11/2025, 7:00:00 PM)
17.18
-0.01 (-0.06%)
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 Cap17.87B
Analysts73.33
Price Target18.87 (9.84%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
Yearly Dividend3.9
Dividend Growth(5Y)13.09%
DP90.34%
Div Incr Years0
Div Non Decr Years3
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)15.38%
PT rev (3m)17.17%
EPS NQ rev (1m)-0.1%
EPS NQ rev (3m)-10.9%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.99 | ||
| Fwd PE | 4.21 | ||
| P/S | 1.36 | ||
| P/FCF | 24.24 | ||
| P/OCF | 2.53 | ||
| P/B | 0.65 | ||
| P/tB | 1.27 | ||
| EV/EBITDA | 9.09 |
EPS(TTM)3.44
EY20.02%
EPS(NY)4.08
Fwd EY23.75%
FCF(TTM)0.71
FCFY4.12%
OCF(TTM)6.79
OCFY39.51%
SpS12.65
BVpS26.63
TBVpS13.51
PEG (NY)2.4
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 | 0.29 |
F-Score4
WACC6.75%
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)-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%