TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA) Stock Fundamental Analysis
TSX:TRP-PR-C - Toronto Stock Exchange - CA87807B6026 - Currency: CAD
We assign a fundamental rating of 4 out of 10 to TRP-PR-C. TRP-PR-C was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. While TRP-PR-C belongs to the best of the industry regarding profitability, there are concerns on its financial health. TRP-PR-C is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year TRP-PR-C was profitable.
TRP-PR-C had a positive operating cash flow in the past year.
In the past 5 years TRP-PR-C has always been profitable.
Each year in the past 5 years TRP-PR-C had a positive operating cash flow.
1.2 Ratios
TRP-PR-C has a Return On Assets of 3.62%. This is in the better half of the industry: TRP-PR-C outperforms 74.30% of its industry peers.
TRP-PR-C has a Return On Equity of 15.78%. This is amongst the best in the industry. TRP-PR-C outperforms 89.25% of its industry peers.
With a Return On Invested Capital value of 3.94%, TRP-PR-C perfoms like the industry average, outperforming 58.41% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TRP-PR-C is below the industry average of 7.31%.
| 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-C (33.22%) is better than 92.52% of its industry peers.
TRP-PR-C's Profit Margin has improved in the last couple of years.
TRP-PR-C's Operating Margin of 42.10% is amongst the best of the industry. TRP-PR-C outperforms 94.39% of its industry peers.
TRP-PR-C's Operating Margin has been stable in the last couple of years.
TRP-PR-C has a better Gross Margin (68.14%) than 84.11% of its industry peers.
In the last couple of years the Gross Margin of TRP-PR-C 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-C has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
TRP-PR-C has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, TRP-PR-C has more shares outstanding
TRP-PR-C has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.29, we must say that TRP-PR-C is in the distress zone and has some risk of bankruptcy.
TRP-PR-C has a worse Altman-Z score (0.29) than 62.62% of its industry peers.
The Debt to FCF ratio of TRP-PR-C is 84.11, which is on the high side as it means it would take TRP-PR-C, 84.11 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TRP-PR-C (84.11) is comparable to the rest of the industry.
TRP-PR-C has a Debt/Equity ratio of 2.15. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.15, TRP-PR-C is doing worse than 78.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 84.11 | ||
| Altman-Z | 0.29 |
ROIC/WACC0.58
WACC6.8%
2.3 Liquidity
A Current Ratio of 0.70 indicates that TRP-PR-C may have some problems paying its short term obligations.
TRP-PR-C has a Current ratio of 0.70. This is comparable to the rest of the industry: TRP-PR-C outperforms 41.12% of its industry peers.
A Quick Ratio of 0.63 indicates that TRP-PR-C may have some problems paying its short term obligations.
TRP-PR-C has a Quick ratio of 0.63. This is in the lower half of the industry: TRP-PR-C underperforms 60.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
TRP-PR-C 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.
Looking at the last year, TRP-PR-C shows a very negative growth in Revenue. The Revenue has decreased by -19.07% in the last year.
TRP-PR-C shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.77% yearly.
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
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-7.6%
Revenue Next 2Y0.32%
Revenue Next 3Y1.15%
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
A Price/Earnings ratio of 5.11 indicates a rather cheap valuation of TRP-PR-C.
Based on the Price/Earnings ratio, TRP-PR-C is valued cheaply inside the industry as 92.52% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of TRP-PR-C to the average of the S&P500 Index (27.29), we can say TRP-PR-C is valued rather cheaply.
TRP-PR-C is valuated cheaply with a Price/Forward Earnings ratio of 4.31.
Based on the Price/Forward Earnings ratio, TRP-PR-C is valued cheaply inside the industry as 92.06% of the companies are valued more expensively.
TRP-PR-C is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.11 | ||
| Fwd PE | 4.31 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TRP-PR-C 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-C indicates a somewhat cheap valuation: TRP-PR-C is cheaper than 60.75% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.82 | ||
| EV/EBITDA | 9.15 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TRP-PR-C does not grow enough to justify the current Price/Earnings ratio.
TRP-PR-C has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.46
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-C has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.24, TRP-PR-C pays a bit more dividend than its industry peers.
TRP-PR-C's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
5.2 History
The dividend of TRP-PR-C is nicely growing with an annual growth rate of 13.09%!
TRP-PR-C has paid a dividend for at least 10 years, which is a reliable track record.
TRP-PR-C 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-C pays out 90.34% of its income as dividend. This is not a sustainable payout ratio.
The dividend of TRP-PR-C 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 1.949 PERP
TSX:TRP-PR-C (7/16/2025, 7:00:00 PM)
17.59
+0.09 (+0.51%)
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 Cap18.29B
Analysts73.33
Price Target18.92 (7.56%)
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)14.52%
PT rev (3m)15.06%
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 | 5.11 | ||
| Fwd PE | 4.31 | ||
| P/S | 1.39 | ||
| P/FCF | 24.82 | ||
| P/OCF | 2.59 | ||
| P/B | 0.66 | ||
| P/tB | 1.3 | ||
| EV/EBITDA | 9.15 |
EPS(TTM)3.44
EY19.56%
EPS(NY)4.08
Fwd EY23.19%
FCF(TTM)0.71
FCFY4.03%
OCF(TTM)6.79
OCFY38.59%
SpS12.65
BVpS26.63
TBVpS13.51
PEG (NY)2.46
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
WACC6.8%
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%