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

TSX:TRP-PR-D • CA87807B8006

Current stock price

24.81 CAD
-0.13 (-0.52%)
Last:

This TRP-PR-D.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. TRP-PR-D.CA Profitability Analysis

1.1 Basic Checks

  • TRP-PR-D had positive earnings in the past year.
  • 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

  • The Return On Assets of TRP-PR-D (2.86%) is comparable to the rest of the industry.
  • With an excellent Return On Equity value of 12.46%, TRP-PR-D belongs to the best of the industry, outperforming 85.22% of the companies in the same industry.
  • The Return On Invested Capital of TRP-PR-D (5.03%) is better than 72.41% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TRP-PR-D is below the industry average of 6.97%.
  • The last Return On Invested Capital (5.03%) for TRP-PR-D is above the 3 year average (4.55%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.86%
ROE 12.46%
ROIC 5.03%
ROA(3y)3%
ROA(5y)2.26%
ROE(3y)12.89%
ROE(5y)9.2%
ROIC(3y)4.55%
ROIC(5y)4.69%
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 22.31% is amongst the best of the industry. TRP-PR-D outperforms 87.68% of its industry peers.
  • TRP-PR-D's Profit Margin has declined in the last couple of years.
  • TRP-PR-D's Operating Margin of 44.37% is amongst the best of the industry. TRP-PR-D outperforms 93.60% of its industry peers.
  • In the last couple of years the Operating Margin of TRP-PR-D has remained more or less at the same level.
  • TRP-PR-D's Gross Margin of 69.69% is amongst the best of the industry. TRP-PR-D outperforms 84.73% of its industry peers.
  • In the last couple of years the Gross Margin of TRP-PR-D has remained more or less at the same level.
Industry RankSector Rank
OM 44.37%
PM (TTM) 22.31%
GM 69.69%
OM growth 3Y3.02%
OM growth 5Y-0.12%
PM growth 3Y73.39%
PM growth 5Y-8.23%
GM growth 3Y1.29%
GM growth 5Y-0.14%
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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2

2. TRP-PR-D.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRP-PR-D is destroying value.
  • TRP-PR-D has about the same amout of shares outstanding than it did 1 year ago.
  • TRP-PR-D has more shares outstanding than it did 5 years ago.
  • TRP-PR-D has a worse debt/assets ratio than last year.
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 0.38, we must say that TRP-PR-D is in the distress zone and has some risk of bankruptcy.
  • TRP-PR-D's Altman-Z score of 0.38 is on the low side compared to the rest of the industry. TRP-PR-D is outperformed by 62.07% of its industry peers.
  • TRP-PR-D has a debt to FCF ratio of 29.22. This is a negative value and a sign of low solvency as TRP-PR-D would need 29.22 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 29.22, TRP-PR-D is doing good in the industry, outperforming 68.97% of the companies in the same industry.
  • A Debt/Equity ratio of 2.15 is on the high side and indicates that TRP-PR-D has dependencies on debt financing.
  • TRP-PR-D has a Debt to Equity ratio of 2.15. This is in the lower half of the industry: TRP-PR-D underperforms 76.85% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.15
Debt/FCF 29.22
Altman-Z 0.38
ROIC/WACC0.81
WACC6.18%
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 (0.63) which is in line with 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

4

3. TRP-PR-D.CA Growth Analysis

3.1 Past

  • TRP-PR-D shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.63%.
  • TRP-PR-D shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.47% yearly.
  • Looking at the last year, TRP-PR-D shows a quite strong growth in Revenue. The Revenue has grown by 10.66% in the last year.
  • Measured over the past years, TRP-PR-D shows a small growth in Revenue. The Revenue has been growing by 3.23% on average per year.
EPS 1Y (TTM)-5.63%
EPS 3Y-6.45%
EPS 5Y-3.47%
EPS Q2Q%88.46%
Revenue 1Y (TTM)10.66%
Revenue growth 3Y0.58%
Revenue growth 5Y3.23%
Sales Q2Q%206.47%

3.2 Future

  • Based on estimates for the next years, TRP-PR-D will show a small growth in Earnings Per Share. The EPS will grow by 6.14% on average per year.
  • Based on estimates for the next years, TRP-PR-D will show a small growth in Revenue. The Revenue will grow by 5.68% on average per year.
EPS Next Y5.57%
EPS Next 2Y4.86%
EPS Next 3Y6.17%
EPS Next 5Y6.14%
Revenue Next Year6.53%
Revenue Next 2Y4.47%
Revenue Next 3Y4.8%
Revenue Next 5Y5.68%

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-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. TRP-PR-D.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.05, the valuation of TRP-PR-D can be described as very cheap.
  • Based on the Price/Earnings ratio, TRP-PR-D is valued cheaper than 92.12% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, TRP-PR-D is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 6.68, the valuation of TRP-PR-D can be described as very cheap.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TRP-PR-D indicates a rather cheap valuation: TRP-PR-D is cheaper than 93.60% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.99. TRP-PR-D is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.05
Fwd PE 6.68
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

  • Based on the Enterprise Value to EBITDA ratio, TRP-PR-D is valued a bit cheaper than 72.41% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, TRP-PR-D is valued cheaply inside the industry as 83.74% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.55
EV/EBITDA 8.52
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

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of TRP-PR-D may justify a higher PE ratio.
PEG (NY)1.27
PEG (5Y)N/A
EPS Next 2Y4.86%
EPS Next 3Y6.17%

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

7

5. TRP-PR-D.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.21%, TRP-PR-D is a good candidate for dividend investing.
  • TRP-PR-D's Dividend Yield is a higher than the industry average which is at 3.03.
  • TRP-PR-D's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.21%

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 past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)0.77%
Div Incr Years2
Div Non Decr Years5
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

  • 106.50% of the earnings are spent on dividend by TRP-PR-D. This is not a sustainable payout ratio.
  • TRP-PR-D's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP106.5%
EPS Next 2Y4.86%
EPS Next 3Y6.17%
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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TRP-PR-D.CA Fundamentals: All Metrics, Ratios and Statistics

TC ENERGY CORP - TRPCN 5.985 PERP

TSX:TRP-PR-D (4/28/2026, 7:00:00 PM)

24.81

-0.13 (-0.52%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength55.12
Industry Growth81.34
Earnings (Last)02-13
Earnings (Next)05-01
Inst Owners76.44%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap25.85B
Revenue(TTM)15.24B
Net Income(TTM)3.40B
Analysts72.8
Price Target24.94 (0.52%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.21%
Yearly Dividend3.48
Dividend Growth(5Y)0.77%
DP106.5%
Div Incr Years2
Div Non Decr Years5
Ex-Date03-31
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.31%
Min EPS beat(2)-4.57%
Max EPS beat(2)5.19%
EPS beat(4)2
Avg EPS beat(4)0.26%
Min EPS beat(4)-4.57%
Max EPS beat(4)5.19%
EPS beat(8)5
Avg EPS beat(8)-3.86%
EPS beat(12)8
Avg EPS beat(12)-0.4%
EPS beat(16)10
Avg EPS beat(16)0.18%
Revenue beat(2)1
Avg Revenue beat(2)-0.21%
Min Revenue beat(2)-0.72%
Max Revenue beat(2)0.31%
Revenue beat(4)3
Avg Revenue beat(4)2.06%
Min Revenue beat(4)-0.72%
Max Revenue beat(4)4.32%
Revenue beat(8)5
Avg Revenue beat(8)-5.88%
Revenue beat(12)7
Avg Revenue beat(12)-3.74%
Revenue beat(16)10
Avg Revenue beat(16)-2.1%
PT rev (1m)1.53%
PT rev (3m)-4.75%
EPS NQ rev (1m)-0.6%
EPS NQ rev (3m)-3.72%
EPS NY rev (1m)0.04%
EPS NY rev (3m)-1.89%
Revenue NQ rev (1m)1.71%
Revenue NQ rev (3m)3.28%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)0.28%
Valuation
Industry RankSector Rank
PE 7.05
Fwd PE 6.68
P/S 1.7
P/FCF 12.55
P/OCF 3.52
P/B 0.95
P/tB 1.86
EV/EBITDA 8.52
EPS(TTM)3.52
EY14.19%
EPS(NY)3.72
Fwd EY14.98%
FCF(TTM)1.98
FCFY7.97%
OCF(TTM)7.05
OCFY28.42%
SpS14.63
BVpS26.2
TBVpS13.35
PEG (NY)1.27
PEG (5Y)N/A
Graham Number45.5538 (83.61%)
Profitability
Industry RankSector Rank
ROA 2.86%
ROE 12.46%
ROCE 6.22%
ROIC 5.03%
ROICexc 5.11%
ROICexgc 5.83%
OM 44.37%
PM (TTM) 22.31%
GM 69.69%
FCFM 13.52%
ROA(3y)3%
ROA(5y)2.26%
ROE(3y)12.89%
ROE(5y)9.2%
ROIC(3y)4.55%
ROIC(5y)4.69%
ROICexc(3y)4.64%
ROICexc(5y)4.76%
ROICexgc(3y)5.28%
ROICexgc(5y)5.43%
ROCE(3y)5.59%
ROCE(5y)5.9%
ROICexgc growth 3Y1.8%
ROICexgc growth 5Y-0.95%
ROICexc growth 3Y1.97%
ROICexc growth 5Y-0.45%
OM growth 3Y3.02%
OM growth 5Y-0.12%
PM growth 3Y73.39%
PM growth 5Y-8.23%
GM growth 3Y1.29%
GM growth 5Y-0.14%
F-Score7
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 2.15
Debt/FCF 29.22
Debt/EBITDA 6.15
Cap/Depr 190.9%
Cap/Sales 34.69%
Interest Coverage 2.06
Cash Conversion 77.07%
Profit Quality 60.59%
Current Ratio 0.63
Quick Ratio 0.56
Altman-Z 0.38
F-Score7
WACC6.18%
ROIC/WACC0.81
Cap/Depr(3y)237.43%
Cap/Depr(5y)241.5%
Cap/Sales(3y)47.43%
Cap/Sales(5y)46.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.63%
EPS 3Y-6.45%
EPS 5Y-3.47%
EPS Q2Q%88.46%
EPS Next Y5.57%
EPS Next 2Y4.86%
EPS Next 3Y6.17%
EPS Next 5Y6.14%
Revenue 1Y (TTM)10.66%
Revenue growth 3Y0.58%
Revenue growth 5Y3.23%
Sales Q2Q%206.47%
Revenue Next Year6.53%
Revenue Next 2Y4.47%
Revenue Next 3Y4.8%
Revenue Next 5Y5.68%
EBIT growth 1Y16.87%
EBIT growth 3Y3.61%
EBIT growth 5Y3.1%
EBIT Next Year49.28%
EBIT Next 3Y17.54%
EBIT Next 5Y12.8%
FCF growth 1Y53.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-4.55%
OCF growth 3Y4.84%
OCF growth 5Y0.8%

TC ENERGY CORP - TRPCN 5.985 PERP / TRP-PR-D.CA Fundamental Analysis 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.


What is the profitability of TRP-PR-D stock?

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


How financially healthy is TC ENERGY CORP - TRPCN 5.985 PERP?

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


Can you provide the expected EPS growth for TRP-PR-D stock?

The Earnings per Share (EPS) of TC ENERGY CORP - TRPCN 5.985 PERP (TRP-PR-D.CA) is expected to grow by 5.57% in the next year.