TC ENERGY CORP - TRPCN 5.985 PERP (TRP-PR-D.CA) Stock Fundamental Analysis

TSX:TRP-PR-D • CA87807B8006

24.7 CAD
+0.09 (+0.37%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall TRP-PR-D gets a fundamental rating of 5 out of 10. We evaluated TRP-PR-D against 212 industry peers in the Oil, Gas & Consumable Fuels industry. TRP-PR-D has an excellent profitability rating, but there are concerns on its financial health. TRP-PR-D is valued quite cheap, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year TRP-PR-D was profitable.
  • TRP-PR-D had a positive operating cash flow in the past year.
  • In the past 5 years TRP-PR-D has always been profitable.
  • In the past 5 years TRP-PR-D always reported a positive cash flow from operatings.
TRP-PR-D.CA Yearly Net Income VS EBIT VS OCF VS FCFTRP-PR-D.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 2025 0 2B -2B 4B 6B

1.2 Ratios

  • With a decent Return On Assets value of 2.82%, TRP-PR-D is doing good in the industry, outperforming 64.15% of the companies in the same industry.
  • TRP-PR-D's Return On Equity of 12.35% is amongst the best of the industry. TRP-PR-D outperforms 85.85% of its industry peers.
  • With a Return On Invested Capital value of 3.97%, TRP-PR-D perfoms like the industry average, outperforming 59.43% of the companies in the same industry.
  • TRP-PR-D had an Average Return On Invested Capital over the past 3 years of 4.35%. This is below the industry average of 6.59%.
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-D.CA Yearly ROA, ROE, ROICTRP-PR-D.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • TRP-PR-D's Profit Margin of 27.28% is amongst the best of the industry. TRP-PR-D outperforms 92.45% of its industry peers.
  • In the last couple of years the Profit Margin of TRP-PR-D has grown nicely.
  • TRP-PR-D has a better Operating Margin (44.41%) than 95.75% of its industry peers.
  • TRP-PR-D's Operating Margin has been stable in the last couple of years.
  • With an excellent Gross Margin value of 69.05%, TRP-PR-D belongs to the best of the industry, outperforming 85.85% of the companies in the same industry.
  • TRP-PR-D'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-D.CA Yearly Profit, Operating, Gross MarginsTRP-PR-D.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRP-PR-D is destroying value.
  • The number of shares outstanding for TRP-PR-D remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for TRP-PR-D has been increased compared to 5 years ago.
  • The debt/assets ratio for TRP-PR-D is higher compared to a year ago.
TRP-PR-D.CA Yearly Shares OutstandingTRP-PR-D.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
TRP-PR-D.CA Yearly Total Debt VS Total AssetsTRP-PR-D.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • Based on the Altman-Z score of 0.31, we must say that TRP-PR-D is in the distress zone and has some risk of bankruptcy.
  • TRP-PR-D has a Altman-Z score of 0.31. This is in the lower half of the industry: TRP-PR-D underperforms 61.32% of its industry peers.
  • TRP-PR-D has a debt to FCF ratio of 31.45. This is a negative value and a sign of low solvency as TRP-PR-D would need 31.45 years to pay back of all of its debts.
  • TRP-PR-D's Debt to FCF ratio of 31.45 is fine compared to the rest of the industry. TRP-PR-D outperforms 62.74% of its industry peers.
  • A Debt/Equity ratio of 2.13 is on the high side and indicates that TRP-PR-D has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 2.13, TRP-PR-D is doing worse than 74.06% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.13
Debt/FCF 31.45
Altman-Z 0.31
ROIC/WACC0.6
WACC6.63%
TRP-PR-D.CA Yearly LT Debt VS Equity VS FCFTRP-PR-D.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B

2.3 Liquidity

  • A Current Ratio of 0.63 indicates that TRP-PR-D may have some problems paying its short term obligations.
  • TRP-PR-D has a Current ratio of 0.63. This is comparable to the rest of the industry: TRP-PR-D outperforms 41.51% of its industry peers.
  • A Quick Ratio of 0.56 indicates that TRP-PR-D may have some problems paying its short term obligations.
  • TRP-PR-D has a Quick ratio (0.56) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.56
TRP-PR-D.CA Yearly Current Assets VS Current LiabilitesTRP-PR-D.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • TRP-PR-D shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.35%.
  • The Earnings Per Share has been decreasing by -3.62% on average over the past years.
EPS 1Y (TTM)-6.35%
EPS 3Y-6.69%
EPS 5Y-3.62%
EPS Q2Q%83.33%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%199.4%

3.2 Future

  • The Earnings Per Share is expected to grow by 6.48% on average over the next years.
  • Based on estimates for the next years, TRP-PR-D will show a small growth in Revenue. The Revenue will grow by 4.39% on average per year.
EPS Next Y8.42%
EPS Next 2Y6.27%
EPS Next 3Y7.16%
EPS Next 5Y6.48%
Revenue Next Year6.23%
Revenue Next 2Y4.57%
Revenue Next 3Y4.98%
Revenue Next 5Y4.39%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
TRP-PR-D.CA Yearly Revenue VS EstimatesTRP-PR-D.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
TRP-PR-D.CA Yearly EPS VS EstimatesTRP-PR-D.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

  • A Price/Earnings ratio of 7.08 indicates a rather cheap valuation of TRP-PR-D.
  • Compared to the rest of the industry, the Price/Earnings ratio of TRP-PR-D indicates a rather cheap valuation: TRP-PR-D is cheaper than 90.09% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of TRP-PR-D to the average of the S&P500 Index (27.10), we can say TRP-PR-D is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 6.52, the valuation of TRP-PR-D can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, TRP-PR-D is valued cheaper than 91.98% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of TRP-PR-D to the average of the S&P500 Index (28.06), we can say TRP-PR-D is valued rather cheaply.
Industry RankSector Rank
PE 7.08
Fwd PE 6.52
TRP-PR-D.CA Price Earnings VS Forward Price EarningsTRP-PR-D.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TRP-PR-D is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, TRP-PR-D is valued a bit cheaper than the industry average as 78.77% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 13.18
EV/EBITDA 10
TRP-PR-D.CA Per share dataTRP-PR-D.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • TRP-PR-D's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of TRP-PR-D may justify a higher PE ratio.
PEG (NY)0.84
PEG (5Y)N/A
EPS Next 2Y6.27%
EPS Next 3Y7.16%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.07%, TRP-PR-D is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.43, TRP-PR-D pays a bit more dividend than its industry peers.
  • TRP-PR-D's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 4.07%

5.2 History

  • The dividend of TRP-PR-D has a limited annual growth rate of 0.77%.
  • TRP-PR-D has been paying a dividend for at least 10 years, so it has a reliable track record.
  • TRP-PR-D has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.77%
Div Incr Years1
Div Non Decr Years4
TRP-PR-D.CA Yearly Dividends per shareTRP-PR-D.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1

5.3 Sustainability

  • 110.00% of the earnings are spent on dividend by TRP-PR-D. This is not a sustainable payout ratio.
  • The dividend of TRP-PR-D is growing, but earnings are growing more, so the dividend growth is sustainable.
DP110%
EPS Next 2Y6.27%
EPS Next 3Y7.16%
TRP-PR-D.CA Yearly Income VS Free CF VS DividendTRP-PR-D.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B
TRP-PR-D.CA Dividend Payout.TRP-PR-D.CA Dividend Payout, showing the Payout Ratio.TRP-PR-D.CA Dividend Payout.PayoutRetained Earnings

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TC ENERGY CORP - TRPCN 5.985 PERP

TSX:TRP-PR-D (2/27/2026, 7:00:00 PM)

24.7

+0.09 (+0.37%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-13
Earnings (Next)04-29
Inst Owners83.73%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap25.71B
Revenue(TTM)N/A
Net Income(TTM)3.39B
Analysts74.4
Price Target24.57 (-0.53%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.07%
Yearly Dividend3.48
Dividend Growth(5Y)0.77%
DP110%
Div Incr Years1
Div Non Decr Years4
Ex-Date03-31
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)-6.73%
PT rev (3m)-3.26%
EPS NQ rev (1m)-4.34%
EPS NQ rev (3m)-7.37%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.1%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)0.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.31%
Valuation
Industry RankSector Rank
PE 7.08
Fwd PE 6.52
P/S 2.07
P/FCF 13.18
P/OCF 3.41
P/B 0.94
P/tB 1.81
EV/EBITDA 10
EPS(TTM)3.49
EY14.13%
EPS(NY)3.79
Fwd EY15.33%
FCF(TTM)1.87
FCFY7.59%
OCF(TTM)7.24
OCFY29.31%
SpS11.94
BVpS26.38
TBVpS13.68
PEG (NY)0.84
PEG (5Y)N/A
Graham Number45.52
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 0.31
F-Score5
WACC6.63%
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)-6.35%
EPS 3Y-6.69%
EPS 5Y-3.62%
EPS Q2Q%83.33%
EPS Next Y8.42%
EPS Next 2Y6.27%
EPS Next 3Y7.16%
EPS Next 5Y6.48%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%199.4%
Revenue Next Year6.23%
Revenue Next 2Y4.57%
Revenue Next 3Y4.98%
Revenue Next 5Y4.39%
EBIT growth 1Y-20.42%
EBIT growth 3Y-0.68%
EBIT growth 5Y0%
EBIT Next Year29.76%
EBIT Next 3Y13.14%
EBIT Next 5Y9.66%
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 5.985 PERP / TRP-PR-D.CA FAQ

What is the ChartMill fundamental rating of TC ENERGY CORP - TRPCN 5.985 PERP (TRP-PR-D.CA) stock?

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


What is the valuation status for TRP-PR-D stock?

ChartMill assigns a valuation rating of 8 / 10 to TC ENERGY CORP - TRPCN 5.985 PERP (TRP-PR-D.CA). This can be considered as Undervalued.


Can you provide the profitability details for TC ENERGY CORP - TRPCN 5.985 PERP?

TC ENERGY CORP - TRPCN 5.985 PERP (TRP-PR-D.CA) has a profitability rating of 7 / 10.


Can you provide the financial health for TRP-PR-D stock?

The financial health rating of TC ENERGY CORP - TRPCN 5.985 PERP (TRP-PR-D.CA) is 2 / 10.


Is the dividend of TC ENERGY CORP - TRPCN 5.985 PERP sustainable?

The dividend rating of TC ENERGY CORP - TRPCN 5.985 PERP (TRP-PR-D.CA) is 6 / 10 and the dividend payout ratio is 110%.