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 210 industry peers in the Oil, Gas & Consumable Fuels industry. TRP-PR-C scores excellent on profitability, but there are concerns on its financial health. TRP-PR-C has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year TRP-PR-C was profitable.
In the past year TRP-PR-C had a positive cash flow from operations.
TRP-PR-C had positive earnings in each of the past 5 years.
TRP-PR-C had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of TRP-PR-C (3.62%) is better than 72.86% of its industry peers.
With an excellent Return On Equity value of 15.78%, TRP-PR-C belongs to the best of the industry, outperforming 88.57% of the companies in the same industry.
TRP-PR-C has a Return On Invested Capital of 3.94%. This is comparable to the rest of the industry: TRP-PR-C outperforms 57.14% of its industry peers.
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
TRP-PR-C's Profit Margin of 33.22% is amongst the best of the industry. TRP-PR-C outperforms 91.90% of its industry peers.
TRP-PR-C's Profit Margin has improved in the last couple of years.
The Operating Margin of TRP-PR-C (42.10%) is better than 94.29% of its industry peers.
In the last couple of years the Operating Margin of TRP-PR-C has remained more or less at the same level.
With an excellent Gross Margin value of 68.14%, TRP-PR-C belongs to the best of the industry, outperforming 84.29% of the companies in the same industry.
TRP-PR-C'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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRP-PR-C is destroying value.
The number of shares outstanding for TRP-PR-C remains at a similar level compared to 1 year ago.
TRP-PR-C has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, TRP-PR-C has an improved debt to assets ratio.
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 Altman-Z score of 0.29. This is in the lower half of the industry: TRP-PR-C underperforms 64.29% of its industry peers.
TRP-PR-C has a debt to FCF ratio of 84.11. This is a negative value and a sign of low solvency as TRP-PR-C would need 84.11 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 84.11, TRP-PR-C is in line with its industry, outperforming 55.24% of the companies in the same industry.
A Debt/Equity ratio of 2.15 is on the high side and indicates that TRP-PR-C has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.15, TRP-PR-C is doing worse than 79.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 84.11 | ||
| Altman-Z | 0.29 |
ROIC/WACC0.57
WACC6.86%
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's Current ratio of 0.70 is on the low side compared to the rest of the industry. TRP-PR-C is outperformed by 60.48% of its industry peers.
TRP-PR-C has a Quick Ratio of 0.70. This is a bad value and indicates that TRP-PR-C is not financially healthy enough and could expect problems in meeting its short term obligations.
TRP-PR-C's Quick ratio of 0.63 is on the low side compared to the rest of the industry. TRP-PR-C is outperformed by 61.43% 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.
TRP-PR-C shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.07%.
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.
Based on estimates for the next years, TRP-PR-C will show a small growth in Revenue. The Revenue will grow by 3.22% on average per year.
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.
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
TRP-PR-C is valuated cheaply with a Price/Earnings ratio of 5.24.
Compared to the rest of the industry, the Price/Earnings ratio of TRP-PR-C indicates a rather cheap valuation: TRP-PR-C is cheaper than 92.38% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.25. TRP-PR-C is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 4.41, the valuation of TRP-PR-C can be described as very cheap.
Based on the Price/Forward Earnings ratio, TRP-PR-C is valued cheaply inside the industry as 91.43% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 36.80. TRP-PR-C is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.24 | ||
| Fwd PE | 4.41 |
4.2 Price Multiples
TRP-PR-C's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TRP-PR-C is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.41 | ||
| EV/EBITDA | 9.2 |
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-C has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.52
PEG (5Y)N/A
EPS Next 2Y4.59%
EPS Next 3Y3.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.42%, TRP-PR-C is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.32, TRP-PR-C pays a better dividend. On top of this TRP-PR-C pays more dividend than 89.05% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, TRP-PR-C pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.42% |
5.2 History
On average, the dividend of TRP-PR-C grows each year by 13.09%, which is quite nice.
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 (7/31/2025, 7:00:00 PM)
18.01
0 (0%)
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 Cap18.73B
Analysts73.33
Price Target19.71 (9.44%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.42% |
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)4.2%
PT rev (3m)19.89%
EPS NQ rev (1m)0.72%
EPS NQ rev (3m)-10.17%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0.56%
Revenue NQ rev (3m)1.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.24 | ||
| Fwd PE | 4.41 | ||
| P/S | 1.42 | ||
| P/FCF | 25.41 | ||
| P/OCF | 2.65 | ||
| P/B | 0.68 | ||
| P/tB | 1.33 | ||
| EV/EBITDA | 9.2 |
EPS(TTM)3.44
EY19.1%
EPS(NY)4.08
Fwd EY22.65%
FCF(TTM)0.71
FCFY3.93%
OCF(TTM)6.79
OCFY37.69%
SpS12.65
BVpS26.63
TBVpS13.51
PEG (NY)2.52
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
WACC6.86%
ROIC/WACC0.57
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%