TC ENERGY CORP - TRPCN 5.985 PERP (TRP-PR-D.CA) Stock Fundamental Analysis
TSX:TRP-PR-D - Toronto Stock Exchange - CA87807B8006 - Currency: CAD
Overall TRP-PR-D gets a fundamental rating of 4 out of 10. We evaluated TRP-PR-D against 210 industry peers in the Oil, Gas & Consumable Fuels industry. TRP-PR-D scores excellent on profitability, but there are concerns on its financial health. TRP-PR-D 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-D was profitable.
In the past year TRP-PR-D had a positive cash flow from operations.
TRP-PR-D had positive earnings in each of the past 5 years.
In the past 5 years TRP-PR-D always reported a positive cash flow from operatings.
1.2 Ratios
TRP-PR-D's Return On Assets of 3.62% is fine compared to the rest of the industry. TRP-PR-D outperforms 70.48% of its industry peers.
The Return On Equity of TRP-PR-D (15.78%) is better than 86.67% of its industry peers.
TRP-PR-D has a Return On Invested Capital (3.94%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for TRP-PR-D 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
Looking at the Profit Margin, with a value of 33.22%, TRP-PR-D belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
In the last couple of years the Profit Margin of TRP-PR-D has grown nicely.
TRP-PR-D's Operating Margin of 42.10% is amongst the best of the industry. TRP-PR-D outperforms 91.90% 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 68.14% is amongst the best of the industry. TRP-PR-D outperforms 81.43% of its industry peers.
TRP-PR-D'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
TRP-PR-D has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
TRP-PR-D has about the same amout of shares outstanding than it did 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 has been reduced compared to a year ago.
2.2 Solvency
TRP-PR-D has an Altman-Z score of 0.32. This is a bad value and indicates that TRP-PR-D is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.32, TRP-PR-D is not doing good in the industry: 60.95% of the companies in the same industry are doing better.
TRP-PR-D has a debt to FCF ratio of 84.11. This is a negative value and a sign of low solvency as TRP-PR-D would need 84.11 years to pay back of all of its debts.
The Debt to FCF ratio of TRP-PR-D (84.11) is comparable to the rest of the industry.
TRP-PR-D has a Debt/Equity ratio of 2.15. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 2.15, TRP-PR-D is not doing good in the industry: 81.90% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 84.11 | ||
| Altman-Z | 0.32 |
ROIC/WACC0.54
WACC7.31%
2.3 Liquidity
A Current Ratio of 0.70 indicates that TRP-PR-D may have some problems paying its short term obligations.
TRP-PR-D's Current ratio of 0.70 is on the low side compared to the rest of the industry. TRP-PR-D is outperformed by 61.90% of its industry peers.
A Quick Ratio of 0.63 indicates that TRP-PR-D may have some problems paying its short term obligations.
The Quick ratio of TRP-PR-D (0.63) is worse than 63.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
TRP-PR-D 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-D shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.07%.
Measured over the past years, TRP-PR-D shows a small growth in Revenue. The Revenue has been growing by 0.77% on average per year.
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
Based on estimates for the next years, TRP-PR-D will show a small growth in Earnings Per Share. The EPS will grow by 4.69% on average per year.
TRP-PR-D is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.22% yearly.
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.65, the valuation of TRP-PR-D can be described as very cheap.
TRP-PR-D's Price/Earnings ratio is rather cheap when compared to the industry. TRP-PR-D is cheaper than 87.14% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.45. TRP-PR-D is valued rather cheaply when compared to this.
TRP-PR-D is valuated cheaply with a Price/Forward Earnings ratio of 5.60.
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 87.62% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.90, TRP-PR-D is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.65 | ||
| Fwd PE | 5.6 |
4.2 Price Multiples
TRP-PR-D'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-D is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.26 | ||
| EV/EBITDA | 9.8 |
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-D has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.19
PEG (5Y)N/A
EPS Next 2Y4.59%
EPS Next 3Y3.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.85%, TRP-PR-D has a reasonable but not impressive dividend return.
TRP-PR-D's Dividend Yield is a higher than the industry average which is at 6.26.
Compared to an average S&P500 Dividend Yield of 2.38, TRP-PR-D has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.85% |
5.2 History
On average, the dividend of TRP-PR-D grows each year by 13.09%, which is quite nice.
TRP-PR-D has paid a dividend for at least 10 years, which is a reliable track record.
TRP-PR-D has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)13.09%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
TRP-PR-D pays out 90.34% of its income as dividend. This is not a sustainable payout ratio.
The dividend of TRP-PR-D 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 5.985 PERP
TSX:TRP-PR-D (7/4/2025, 7:00:00 PM)
22.86
+0.03 (+0.13%)
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 Cap23.77B
Analysts73.33
Price Target25.84 (13.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.85% |
Yearly Dividend3.9
Dividend Growth(5Y)13.09%
DP90.34%
Div Incr Years1
Div Non Decr Years4
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)17.86%
PT rev (3m)3.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.17%
EPS NY rev (1m)0%
EPS NY rev (3m)0.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.65 | ||
| Fwd PE | 5.6 | ||
| P/S | 1.81 | ||
| P/FCF | 32.26 | ||
| P/OCF | 3.37 | ||
| P/B | 0.86 | ||
| P/tB | 1.69 | ||
| EV/EBITDA | 9.8 |
EPS(TTM)3.44
EY15.05%
EPS(NY)4.08
Fwd EY17.85%
FCF(TTM)0.71
FCFY3.1%
OCF(TTM)6.79
OCFY29.7%
SpS12.65
BVpS26.63
TBVpS13.51
PEG (NY)3.19
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 | 0.32 |
F-Score4
WACC7.31%
ROIC/WACC0.54
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%