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 has an excellent profitability rating, but there are concerns on its financial health. TRP-PR-D is valued correctly, but it does not seem to be growing.
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.
Each year in the past 5 years TRP-PR-D has been profitable.
Each year in the past 5 years TRP-PR-D had a positive operating cash flow.
1.2 Ratios
TRP-PR-D has a Return On Assets of 3.62%. This is in the better half 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.
Looking at the Return On Invested Capital, with a value of 3.94%, TRP-PR-D is in line with its industry, outperforming 54.29% of the companies in the same industry.
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
TRP-PR-D's Profit Margin of 33.22% is amongst the best of the industry. TRP-PR-D outperforms 90.00% 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 Operating Margin of 42.10%. This is amongst the best in the industry. TRP-PR-D outperforms 91.90% of its industry peers.
TRP-PR-D's Operating Margin has been stable in the last couple of years.
TRP-PR-D has a Gross Margin of 68.14%. This is amongst the best in 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRP-PR-D is destroying value.
Compared to 1 year ago, TRP-PR-D has about the same amount of shares outstanding.
The number of shares outstanding for TRP-PR-D has been increased compared to 5 years ago.
TRP-PR-D has a better debt/assets ratio than last year.
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/WACC0.65
WACC6.01%
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.
TRP-PR-D has a Quick Ratio of 0.70. This is a bad value and indicates that TRP-PR-D is not financially healthy enough and could expect problems in meeting its short term obligations.
TRP-PR-D's Quick ratio of 0.63 is on the low side compared to the rest of the industry. TRP-PR-D is outperformed by 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%.
Measured over the past years, TRP-PR-D shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.06% on average per year.
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
The Earnings Per Share is expected to grow by 4.69% on average over the next years.
The Revenue is expected to grow by 3.22% on average over the next years.
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
A Price/Earnings ratio of 6.65 indicates a rather cheap valuation of TRP-PR-D.
Based on the Price/Earnings ratio, TRP-PR-D is valued cheaply inside the industry as 87.14% of the companies are valued more expensively.
TRP-PR-D's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.45.
With a Price/Forward Earnings ratio of 5.60, 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 87.62% of the companies listed in the same industry.
TRP-PR-D is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| 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.
The rest of the industry has a similar Price/Free Cash Flow ratio as TRP-PR-D.
| 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 TRP-PR-D does not grow enough to justify the current Price/Earnings ratio.
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
TRP-PR-D has a Yearly Dividend Yield of 2.50%.
TRP-PR-D's Dividend Yield is a higher than the industry average which is at 6.19.
Compared to an average S&P500 Dividend Yield of 2.42, TRP-PR-D has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
5.2 History
The dividend of TRP-PR-D is nicely growing with an annual growth rate of 13.09%!
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)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 | 2.5% |
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
WACC6.01%
ROIC/WACC0.65
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%