TC ENERGY CORP - TRPCN 1.949 PERP (TRP-PR-C.CA) Stock Fundamental Analysis
TSX:TRP-PR-C - CA87807B6026
17.79 CAD
+0.09 (+0.51%)
Taking everything into account, TRP-PR-C scores 4 out of 10 in our fundamental rating. TRP-PR-C was compared to 215 industry peers in the Oil, Gas & Consumable Fuels industry. TRP-PR-C has an excellent profitability rating, but 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.
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.
Each year in the past 5 years TRP-PR-C had a positive operating cash flow.
1.2 Ratios
TRP-PR-C's Return On Assets of 3.63% is fine compared to the rest of the industry. TRP-PR-C outperforms 73.02% of its industry peers.
Looking at the Return On Equity, with a value of 15.40%, TRP-PR-C belongs to the top of the industry, outperforming 88.84% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.10%, TRP-PR-C is in the better half of the industry, outperforming 60.47% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TRP-PR-C is below the industry average of 6.99%.
| 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-C has a better Profit Margin (33.09%) than 92.56% 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 (43.28%) is better than 94.88% 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.
Looking at the Gross Margin, with a value of 68.45%, TRP-PR-C belongs to the top of the industry, outperforming 84.65% of the companies in the same industry.
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 | 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRP-PR-C is destroying value.
TRP-PR-C has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for TRP-PR-C has been increased compared to 5 years ago.
TRP-PR-C has a better debt/assets ratio than last year.
2.2 Solvency
TRP-PR-C has an Altman-Z score of 0.27. This is a bad value and indicates that TRP-PR-C is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of TRP-PR-C (0.27) is worse than 63.72% of its industry peers.
TRP-PR-C has a debt to FCF ratio of 40.34. This is a negative value and a sign of low solvency as TRP-PR-C would need 40.34 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 40.34, TRP-PR-C is in line with its industry, outperforming 59.07% of the companies in the same industry.
A Debt/Equity ratio of 2.05 is on the high side and indicates that TRP-PR-C has dependencies on debt financing.
TRP-PR-C has a worse Debt to Equity ratio (2.05) than 76.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 40.34 | ||
| Altman-Z | 0.27 |
ROIC/WACC0.6
WACC6.88%
2.3 Liquidity
TRP-PR-C has a Current Ratio of 0.61. 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 has a Current ratio of 0.61. This is in the lower half of the industry: TRP-PR-C underperforms 68.84% of its industry peers.
A Quick Ratio of 0.54 indicates that TRP-PR-C may have some problems paying its short term obligations.
TRP-PR-C has a Quick ratio of 0.54. This is in the lower half of the industry: TRP-PR-C underperforms 68.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.54 |
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 -26.71%.
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 -22.38% in the last year.
Measured over the past years, TRP-PR-C 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-C will show a small growth in Earnings Per Share. The EPS will grow by 3.62% on average per year.
TRP-PR-C is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.34% yearly.
EPS Next Y-2.12%
EPS Next 2Y2.01%
EPS Next 3Y2.07%
EPS Next 5Y3.62%
Revenue Next Year-3.35%
Revenue Next 2Y0.88%
Revenue Next 3Y1.3%
Revenue Next 5Y3.34%
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 5.36, the valuation of TRP-PR-C can be described as very cheap.
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 91.16% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of TRP-PR-C to the average of the S&P500 Index (26.90), we can say TRP-PR-C is valued rather cheaply.
With a Price/Forward Earnings ratio of 4.58, the valuation of TRP-PR-C can be described as very cheap.
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 92.56% of the companies listed in the same industry.
TRP-PR-C's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.36 | ||
| Fwd PE | 4.58 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TRP-PR-C is valued a bit cheaper than the industry average as 60.47% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, TRP-PR-C is valued a bit cheaper than the industry average as 72.09% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.56 | ||
| EV/EBITDA | 8.9 |
4.3 Compensation for Growth
TRP-PR-C has a very decent profitability rating, which 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
TRP-PR-C has a Yearly Dividend Yield of 4.79%, which is a nice return.
TRP-PR-C's Dividend Yield is a higher than the industry average which is at 6.00.
TRP-PR-C's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
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 been paying a dividend for at least 10 years, so it has 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
90.54% of the earnings are spent on dividend by TRP-PR-C. This is not a sustainable payout ratio.
TRP-PR-C's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP90.54%
EPS Next 2Y2.01%
EPS Next 3Y2.07%
TC ENERGY CORP - TRPCN 1.949 PERP
TSX:TRP-PR-C (8/29/2025, 7:00:00 PM)
17.79
+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 Cap18.50B
Analysts73.33
Price Target20.19 (13.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
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)2.43%
PT rev (3m)22.81%
EPS NQ rev (1m)0.66%
EPS NQ rev (3m)-10.2%
EPS NY rev (1m)-4.12%
EPS NY rev (3m)-4.12%
Revenue NQ rev (1m)-0.56%
Revenue NQ rev (3m)2.2%
Revenue NY rev (1m)1.31%
Revenue NY rev (3m)4.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.36 | ||
| Fwd PE | 4.58 | ||
| P/S | 1.44 | ||
| P/FCF | 12.56 | ||
| P/OCF | 2.45 | ||
| P/B | 0.67 | ||
| P/tB | 1.27 | ||
| EV/EBITDA | 8.9 |
EPS(TTM)3.32
EY18.66%
EPS(NY)3.88
Fwd EY21.82%
FCF(TTM)1.42
FCFY7.96%
OCF(TTM)7.27
OCFY40.89%
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
WACC6.88%
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 5Y3.62%
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 5Y3.34%
EBIT growth 1Y-19.79%
EBIT growth 3Y-0.68%
EBIT growth 5Y0%
EBIT Next Year30.13%
EBIT Next 3Y12.83%
EBIT Next 5Y9.68%
FCF growth 1Y325.57%
FCF growth 3Y11.47%
FCF growth 5YN/A
OCF growth 1Y3.49%
OCF growth 3Y3.76%
OCF growth 5Y1.68%