TC ENERGY CORP - TRPCN 4.102 PERP (TRP-PR-B.CA) Stock Fundamental Analysis
TSX:TRP-PR-B - CA87807B4047
17.07 CAD
+0.23 (+1.37%)
TRP-PR-B gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 218 industry peers in the Oil, Gas & Consumable Fuels industry. While TRP-PR-B belongs to the best of the industry regarding profitability, there are concerns on its financial health. TRP-PR-B has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
In the past year TRP-PR-B was profitable.
In the past year TRP-PR-B had a positive cash flow from operations.
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.
1.2 Ratios
TRP-PR-B's Return On Assets of 3.63% is fine compared to the rest of the industry. TRP-PR-B outperforms 73.85% of its industry peers.
TRP-PR-B's Return On Equity of 15.40% is amongst the best of the industry. TRP-PR-B outperforms 89.45% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.10%, TRP-PR-B is in the better half of the industry, outperforming 60.09% of the companies in the same industry.
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 6.94%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.63% | ||
| ROE | 15.4% | ||
| ROIC | 4.1% |
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-B has a better Profit Margin (33.09%) than 93.58% of its industry peers.
In the last couple of years the Profit Margin of TRP-PR-B has grown nicely.
TRP-PR-B's Operating Margin of 43.28% is amongst the best of the industry. TRP-PR-B outperforms 95.41% of its industry peers.
TRP-PR-B's Operating Margin has been stable in the last couple of years.
TRP-PR-B's Gross Margin of 68.45% is amongst the best of the industry. TRP-PR-B outperforms 85.32% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.28% | ||
| PM (TTM) | 33.09% | ||
| GM | 68.45% |
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.
The number of shares outstanding for TRP-PR-B remains at a similar level compared to 1 year ago.
Compared to 5 years ago, TRP-PR-B has more shares outstanding
The debt/assets ratio for TRP-PR-B has been reduced compared to a year ago.
2.2 Solvency
TRP-PR-B has an Altman-Z score of 0.27. This is a bad value and indicates that TRP-PR-B is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.27, TRP-PR-B is not doing good in the industry: 65.60% of the companies in the same industry are doing better.
TRP-PR-B has a debt to FCF ratio of 40.34. This is a negative value and a sign of low solvency as TRP-PR-B would need 40.34 years to pay back of all of its debts.
TRP-PR-B has a Debt to FCF ratio (40.34) which is in line with its industry peers.
A Debt/Equity ratio of 2.05 is on the high side and indicates that TRP-PR-B has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.05, TRP-PR-B is doing worse than 75.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 40.34 | ||
| Altman-Z | 0.27 |
ROIC/WACC0.6
WACC6.79%
2.3 Liquidity
TRP-PR-B has a Current Ratio of 0.61. 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.
With a Current ratio value of 0.61, TRP-PR-B is not doing good in the industry: 68.35% of the companies in the same industry are doing better.
A Quick Ratio of 0.54 indicates that TRP-PR-B may have some problems paying its short term obligations.
With a Quick ratio value of 0.54, TRP-PR-B is not doing good in the industry: 68.35% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.54 |
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 -26.71%.
TRP-PR-B shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.06% yearly.
Looking at the last year, TRP-PR-B shows a very negative growth in Revenue. The Revenue has decreased by -22.38% in the last year.
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)-26.71%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-12.77%
Revenue 1Y (TTM)-22.38%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-8.35%
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 3.54% 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 3.26% yearly.
EPS Next Y-2.12%
EPS Next 2Y2.01%
EPS Next 3Y2.07%
EPS Next 5Y3.54%
Revenue Next Year-3.35%
Revenue Next 2Y0.88%
Revenue Next 3Y1.3%
Revenue Next 5Y3.26%
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
With a Price/Earnings ratio of 5.14, the valuation of TRP-PR-B can be described as very cheap.
Based on the Price/Earnings ratio, TRP-PR-B is valued cheaper than 92.66% of the companies in the same industry.
When comparing the Price/Earnings ratio of TRP-PR-B to the average of the S&P500 Index (27.03), we can say TRP-PR-B is valued rather cheaply.
A Price/Forward Earnings ratio of 4.40 indicates a rather cheap valuation of TRP-PR-B.
Based on the Price/Forward Earnings ratio, TRP-PR-B is valued cheaper than 93.58% of the companies in the same industry.
TRP-PR-B's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.54.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.14 | ||
| Fwd PE | 4.4 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TRP-PR-B indicates a somewhat cheap valuation: TRP-PR-B is cheaper than 62.84% of the companies listed in the same industry.
72.48% of the companies in the same industry are more expensive than TRP-PR-B, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.05 | ||
| EV/EBITDA | 8.8 |
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 2Y2.01%
EPS Next 3Y2.07%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.41%, TRP-PR-B has a reasonable but not impressive dividend return.
TRP-PR-B's Dividend Yield is a higher than the industry average which is at 5.89.
Compared to an average S&P500 Dividend Yield of 2.45, TRP-PR-B pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.41% |
5.2 History
The dividend of TRP-PR-B is nicely growing with an annual growth rate of 13.09%!
TRP-PR-B has paid a dividend for at least 10 years, which is 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
90.54% 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.
DP90.54%
EPS Next 2Y2.01%
EPS Next 3Y2.07%
TC ENERGY CORP - TRPCN 4.102 PERP
TSX:TRP-PR-B (9/10/2025, 7:00:00 PM)
17.07
+0.23 (+1.37%)
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 Cap17.75B
Analysts73.08
Price Target18.04 (5.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.41% |
Yearly Dividend3.9
Dividend Growth(5Y)13.09%
DP90.54%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.21%
Min EPS beat(2)-3.38%
Max EPS beat(2)3.8%
EPS beat(4)2
Avg EPS beat(4)-10.14%
Min EPS beat(4)-48.32%
Max EPS beat(4)7.33%
EPS beat(8)6
Avg EPS beat(8)-1.14%
EPS beat(12)8
Avg EPS beat(12)0.09%
EPS beat(16)9
Avg EPS beat(16)-0.04%
Revenue beat(2)2
Avg Revenue beat(2)4.32%
Min Revenue beat(2)4.32%
Max Revenue beat(2)4.32%
Revenue beat(4)3
Avg Revenue beat(4)-13.17%
Min Revenue beat(4)-63.24%
Max Revenue beat(4)4.32%
Revenue beat(8)5
Avg Revenue beat(8)-5.73%
Revenue beat(12)8
Avg Revenue beat(12)-2.75%
Revenue beat(16)9
Avg Revenue beat(16)-2.61%
PT rev (1m)-7.83%
PT rev (3m)10.32%
EPS NQ rev (1m)-0.92%
EPS NQ rev (3m)-10.2%
EPS NY rev (1m)-4.12%
EPS NY rev (3m)-4.12%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)2.2%
Revenue NY rev (1m)1.31%
Revenue NY rev (3m)4.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.14 | ||
| Fwd PE | 4.4 | ||
| P/S | 1.39 | ||
| P/FCF | 12.05 | ||
| P/OCF | 2.35 | ||
| P/B | 0.65 | ||
| P/tB | 1.22 | ||
| EV/EBITDA | 8.8 |
EPS(TTM)3.32
EY19.45%
EPS(NY)3.88
Fwd EY22.74%
FCF(TTM)1.42
FCFY8.3%
OCF(TTM)7.27
OCFY42.61%
SpS12.32
BVpS26.46
TBVpS14.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.63% | ||
| ROE | 15.4% | ||
| ROCE | 5.28% | ||
| ROIC | 4.1% | ||
| ROICexc | 4.16% | ||
| ROICexgc | 4.74% | ||
| OM | 43.28% | ||
| PM (TTM) | 33.09% | ||
| GM | 68.45% | ||
| FCFM | 11.5% |
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-Score5
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 40.34 | ||
| Debt/EBITDA | 6.83 | ||
| Cap/Depr | 225.55% | ||
| Cap/Sales | 47.56% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 91.75% | ||
| Profit Quality | 34.75% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | 0.27 |
F-Score5
WACC6.79%
ROIC/WACC0.6
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)-26.71%
EPS 3Y-4.48%
EPS 5Y-2.06%
EPS Q2Q%-12.77%
EPS Next Y-2.12%
EPS Next 2Y2.01%
EPS Next 3Y2.07%
EPS Next 5Y3.54%
Revenue 1Y (TTM)-22.38%
Revenue growth 3Y0.95%
Revenue growth 5Y0.77%
Sales Q2Q%-8.35%
Revenue Next Year-3.35%
Revenue Next 2Y0.88%
Revenue Next 3Y1.3%
Revenue Next 5Y3.26%
EBIT growth 1Y-19.79%
EBIT growth 3Y-0.68%
EBIT growth 5Y0%
EBIT Next Year30.13%
EBIT Next 3Y12.83%
EBIT Next 5Y9.6%
FCF growth 1Y325.57%
FCF growth 3Y11.47%
FCF growth 5YN/A
OCF growth 1Y3.49%
OCF growth 3Y3.76%
OCF growth 5Y1.68%