TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:TRP-PR-C • CA87807B6026

19.33 CAD
-0.02 (-0.1%)
Last: Feb 2, 2026, 07:00 PM
Fundamental Rating

5

TRP-PR-C gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 216 industry peers in the Oil, Gas & Consumable Fuels industry. While TRP-PR-C has a great profitability rating, there are quite some concerns on its financial health. TRP-PR-C is cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • TRP-PR-C had positive earnings in the past year.
  • 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.
TRP-PR-C.CA Yearly Net Income VS EBIT VS OCF VS FCFTRP-PR-C.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-C (2.82%) is better than 70.83% of its industry peers.
  • TRP-PR-C's Return On Equity of 12.35% is amongst the best of the industry. TRP-PR-C outperforms 87.50% of its industry peers.
  • The Return On Invested Capital of TRP-PR-C (3.97%) is better than 61.57% of its industry peers.
  • TRP-PR-C 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-C.CA Yearly ROA, ROE, ROICTRP-PR-C.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 27.28%, TRP-PR-C belongs to the best of the industry, outperforming 92.13% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TRP-PR-C has grown nicely.
  • TRP-PR-C has a better Operating Margin (44.41%) than 95.83% of its industry peers.
  • TRP-PR-C's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of TRP-PR-C (69.05%) is better than 87.04% of its industry peers.
  • TRP-PR-C's Gross Margin has been stable in the last couple of years.
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-C.CA Yearly Profit, Operating, Gross MarginsTRP-PR-C.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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2

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.
  • 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.
TRP-PR-C.CA Yearly Shares OutstandingTRP-PR-C.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
TRP-PR-C.CA Yearly Total Debt VS Total AssetsTRP-PR-C.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 0.27, we must say that TRP-PR-C is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.27, TRP-PR-C is not doing good in the industry: 61.57% of the companies in the same industry are doing better.
  • TRP-PR-C has a debt to FCF ratio of 31.45. This is a negative value and a sign of low solvency as TRP-PR-C would need 31.45 years to pay back of all of its debts.
  • TRP-PR-C has a Debt to FCF ratio (31.45) which is comparable to the rest of the industry.
  • TRP-PR-C has a Debt/Equity ratio of 2.13. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 2.13, TRP-PR-C is not doing good in the industry: 72.22% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.13
Debt/FCF 31.45
Altman-Z 0.27
ROIC/WACC0.57
WACC7.02%
TRP-PR-C.CA Yearly LT Debt VS Equity VS FCFTRP-PR-C.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

  • TRP-PR-C has a Current Ratio of 0.63. 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.
  • With a Current ratio value of 0.63, TRP-PR-C perfoms like the industry average, outperforming 40.74% of the companies in the same industry.
  • A Quick Ratio of 0.56 indicates that TRP-PR-C may have some problems paying its short term obligations.
  • TRP-PR-C has a Quick ratio of 0.56. This is comparable to the rest of the industry: TRP-PR-C outperforms 41.20% of its industry peers.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.56
TRP-PR-C.CA Yearly Current Assets VS Current LiabilitesTRP-PR-C.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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3

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 -32.89%.
  • TRP-PR-C 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-C shows a very negative growth in Revenue. The Revenue has decreased by -25.33% in the last year.
  • 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.
  • TRP-PR-C is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.71% yearly.
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

  • 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.
TRP-PR-C.CA Yearly Revenue VS EstimatesTRP-PR-C.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
TRP-PR-C.CA Yearly EPS VS EstimatesTRP-PR-C.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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8

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 6.32, the valuation of TRP-PR-C can be described as very cheap.
  • Based on the Price/Earnings ratio, TRP-PR-C is valued cheaper than 93.06% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of TRP-PR-C to the average of the S&P500 Index (28.41), we can say TRP-PR-C is valued rather cheaply.
  • TRP-PR-C is valuated cheaply with a Price/Forward Earnings ratio of 5.10.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TRP-PR-C indicates a rather cheap valuation: TRP-PR-C is cheaper than 94.91% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 25.64. TRP-PR-C is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 6.32
Fwd PE 5.1
TRP-PR-C.CA Price Earnings VS Forward Price EarningsTRP-PR-C.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-C is valued a bit cheaper than 63.89% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, TRP-PR-C is valued cheaply inside the industry as 86.11% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.31
EV/EBITDA 9.33
TRP-PR-C.CA Per share dataTRP-PR-C.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-C 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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6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.26%, TRP-PR-C is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.01, TRP-PR-C pays a bit more dividend than its industry peers.
  • TRP-PR-C's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 4.26%

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
TRP-PR-C.CA Yearly Dividends per shareTRP-PR-C.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • 110.00% of the earnings are spent on dividend by TRP-PR-C. 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.
DP110%
EPS Next 2Y0.77%
EPS Next 3Y1.89%
TRP-PR-C.CA Yearly Income VS Free CF VS DividendTRP-PR-C.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-C.CA Dividend Payout.TRP-PR-C.CA Dividend Payout, showing the Payout Ratio.TRP-PR-C.CA Dividend Payout.PayoutRetained Earnings

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TC ENERGY CORP - TRPCN 1.949 PERP

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

19.33

-0.02 (-0.1%)

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 Cap20.12B
Revenue(TTM)12.43B
Net Income(TTM)3.39B
Analysts74.4
Price Target20.73 (7.24%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.26%
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)1.54%
PT rev (3m)9.99%
EPS NQ rev (1m)-1.57%
EPS NQ rev (3m)-3.34%
EPS NY rev (1m)-0.41%
EPS NY rev (3m)-3.25%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)0.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.27%
Valuation
Industry RankSector Rank
PE 6.32
Fwd PE 5.1
P/S 1.62
P/FCF 10.31
P/OCF 2.67
P/B 0.73
P/tB 1.41
EV/EBITDA 9.33
EPS(TTM)3.06
EY15.83%
EPS(NY)3.79
Fwd EY19.59%
FCF(TTM)1.87
FCFY9.7%
OCF(TTM)7.24
OCFY37.45%
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 0.27
F-Score5
WACC7.02%
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)-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 1.949 PERP / TRP-PR-C.CA FAQ

What is the ChartMill fundamental rating of TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA) stock?

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


What is the valuation status of TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA) stock?

ChartMill assigns a valuation rating of 8 / 10 to TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA). This can be considered as Undervalued.


How profitable is TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA) stock?

TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA) has a profitability rating of 7 / 10.


What are the PE and PB ratios of TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA) stock?

The Price/Earnings (PE) ratio for TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA) is 6.32 and the Price/Book (PB) ratio is 0.73.


What is the expected EPS growth for TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA) stock?

The Earnings per Share (EPS) of TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA) is expected to decline by -5.65% in the next year.