TC ENERGY CORP - TRPCN 5.08 PERP (TRP-PR-E.CA) Stock Fundamental Analysis
TSX:TRP-PR-E - Toronto Stock Exchange - CA87807B8758 - Currency: CAD
We assign a fundamental rating of 4 out of 10 to TRP-PR-E. TRP-PR-E was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. TRP-PR-E has an excellent profitability rating, but there are concerns on its financial health. TRP-PR-E has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
TRP-PR-E had positive earnings in the past year.
In the past year TRP-PR-E had a positive cash flow from operations.
Each year in the past 5 years TRP-PR-E has been profitable.
TRP-PR-E had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 3.62%, TRP-PR-E is doing good in the industry, outperforming 71.50% of the companies in the same industry.
TRP-PR-E has a better Return On Equity (15.78%) than 87.92% of its industry peers.
TRP-PR-E has a Return On Invested Capital (3.94%) which is in line with its industry peers.
TRP-PR-E had an Average Return On Invested Capital over the past 3 years of 4.35%. This is below the industry average of 7.39%.
| 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-E's Profit Margin of 33.22% is amongst the best of the industry. TRP-PR-E outperforms 91.30% of its industry peers.
TRP-PR-E's Profit Margin has improved in the last couple of years.
The Operating Margin of TRP-PR-E (42.10%) is better than 93.24% of its industry peers.
TRP-PR-E's Operating Margin has been stable in the last couple of years.
TRP-PR-E has a better Gross Margin (68.14%) than 82.61% of its industry peers.
In the last couple of years the Gross Margin of TRP-PR-E has remained more or less at the same level.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRP-PR-E is destroying value.
TRP-PR-E has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for TRP-PR-E has been increased compared to 5 years ago.
The debt/assets ratio for TRP-PR-E has been reduced compared to a year ago.
2.2 Solvency
TRP-PR-E has an Altman-Z score of 0.31. This is a bad value and indicates that TRP-PR-E is not financially healthy and even has some risk of bankruptcy.
TRP-PR-E has a Altman-Z score (0.31) which is comparable to the rest of the industry.
The Debt to FCF ratio of TRP-PR-E is 84.11, which is on the high side as it means it would take TRP-PR-E, 84.11 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 84.11, TRP-PR-E perfoms like the industry average, outperforming 53.62% of the companies in the same industry.
A Debt/Equity ratio of 2.15 is on the high side and indicates that TRP-PR-E has dependencies on debt financing.
TRP-PR-E has a worse Debt to Equity ratio (2.15) than 79.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.15 | ||
| Debt/FCF | 84.11 | ||
| Altman-Z | 0.31 |
ROIC/WACC0.55
WACC7.17%
2.3 Liquidity
A Current Ratio of 0.70 indicates that TRP-PR-E may have some problems paying its short term obligations.
The Current ratio of TRP-PR-E (0.70) is comparable to the rest of the industry.
TRP-PR-E has a Quick Ratio of 0.70. This is a bad value and indicates that TRP-PR-E is not financially healthy enough and could expect problems in meeting its short term obligations.
TRP-PR-E has a Quick ratio of 0.63. This is in the lower half of the industry: TRP-PR-E underperforms 61.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
TRP-PR-E 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-E shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.07%.
The Revenue has been growing slightly by 0.77% on average over the past years.
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-E will show a small growth in Earnings Per Share. The EPS will grow by 4.69% on average per year.
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.
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
The Price/Earnings ratio is 6.19, which indicates a rather cheap valuation of TRP-PR-E.
Based on the Price/Earnings ratio, TRP-PR-E is valued cheaper than 89.37% of the companies in the same industry.
TRP-PR-E is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 5.22 indicates a rather cheap valuation of TRP-PR-E.
TRP-PR-E's Price/Forward Earnings ratio is rather cheap when compared to the industry. TRP-PR-E is cheaper than 89.86% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, TRP-PR-E is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.19 | ||
| Fwd PE | 5.22 |
4.2 Price Multiples
TRP-PR-E's Enterprise Value to EBITDA ratio is in line with the industry average.
TRP-PR-E's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.06 | ||
| EV/EBITDA | 9.61 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of TRP-PR-E may justify a higher PE ratio.
PEG (NY)2.97
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-E has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.35, TRP-PR-E pays a bit more dividend than its industry peers.
TRP-PR-E's Dividend Yield is a higher than the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.85% |
5.2 History
The dividend of TRP-PR-E is nicely growing with an annual growth rate of 13.09%!
TRP-PR-E has paid a dividend for at least 10 years, which is a reliable track record.
TRP-PR-E 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
90.34% of the earnings are spent on dividend by TRP-PR-E. This is not a sustainable payout ratio.
TRP-PR-E's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP90.34%
EPS Next 2Y4.59%
EPS Next 3Y3.37%
TC ENERGY CORP - TRPCN 5.08 PERP
TSX:TRP-PR-E (7/11/2025, 7:00:00 PM)
21.3
+0.04 (+0.19%)
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 Cap22.15B
Analysts73.33
Price Target23.49 (10.28%)
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)18.41%
PT rev (3m)10.5%
EPS NQ rev (1m)-0.1%
EPS NQ rev (3m)-11.26%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.43%
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 | 6.19 | ||
| Fwd PE | 5.22 | ||
| P/S | 1.68 | ||
| P/FCF | 30.06 | ||
| P/OCF | 3.14 | ||
| P/B | 0.8 | ||
| P/tB | 1.58 | ||
| EV/EBITDA | 9.61 |
EPS(TTM)3.44
EY16.15%
EPS(NY)4.08
Fwd EY19.15%
FCF(TTM)0.71
FCFY3.33%
OCF(TTM)6.79
OCFY31.87%
SpS12.65
BVpS26.63
TBVpS13.51
PEG (NY)2.97
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 | 0.31 |
F-Score4
WACC7.17%
ROIC/WACC0.55
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%