TC ENERGY CORP - TRPCN 4.14 PERP (TRP-PR-F.CA) Fundamental Analysis & Valuation

TSX:TRP-PR-F • CA87807B3056

Current stock price

20.35 CAD
+0.2 (+0.99%)
Last:

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

7

1. TRP-PR-F.CA Profitability Analysis

1.1 Basic Checks

  • TRP-PR-F had positive earnings in the past year.
  • TRP-PR-F had a positive operating cash flow in the past year.
  • In the past 5 years TRP-PR-F has always been profitable.
  • In the past 5 years TRP-PR-F always reported a positive cash flow from operatings.
TRP-PR-F.CA Yearly Net Income VS EBIT VS OCF VS FCFTRP-PR-F.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

  • TRP-PR-F has a Return On Assets of 2.86%. This is in the better half of the industry: TRP-PR-F outperforms 61.90% of its industry peers.
  • The Return On Equity of TRP-PR-F (12.46%) is better than 87.62% of its industry peers.
  • The Return On Invested Capital of TRP-PR-F (5.03%) is better than 74.29% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TRP-PR-F is below the industry average of 6.63%.
  • The last Return On Invested Capital (5.03%) for TRP-PR-F 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-F.CA Yearly ROA, ROE, ROICTRP-PR-F.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 22.31%, TRP-PR-F belongs to the best of the industry, outperforming 90.95% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TRP-PR-F has declined.
  • TRP-PR-F has a Operating Margin of 44.37%. This is amongst the best in the industry. TRP-PR-F outperforms 95.71% of its industry peers.
  • In the last couple of years the Operating Margin of TRP-PR-F has remained more or less at the same level.
  • TRP-PR-F has a Gross Margin of 69.69%. This is amongst the best in the industry. TRP-PR-F outperforms 88.10% of its industry peers.
  • In the last couple of years the Gross Margin of TRP-PR-F 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-F.CA Yearly Profit, Operating, Gross MarginsTRP-PR-F.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. TRP-PR-F.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRP-PR-F is destroying value.
  • TRP-PR-F has about the same amout of shares outstanding than it did 1 year ago.
  • TRP-PR-F has more shares outstanding than it did 5 years ago.
  • TRP-PR-F has a worse debt/assets ratio than last year.
TRP-PR-F.CA Yearly Shares OutstandingTRP-PR-F.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
TRP-PR-F.CA Yearly Total Debt VS Total AssetsTRP-PR-F.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

  • TRP-PR-F has an Altman-Z score of 0.35. This is a bad value and indicates that TRP-PR-F is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.35, TRP-PR-F is doing worse than 60.48% of the companies in the same industry.
  • The Debt to FCF ratio of TRP-PR-F is 29.22, which is on the high side as it means it would take TRP-PR-F, 29.22 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 29.22, TRP-PR-F is doing good in the industry, outperforming 70.95% of the companies in the same industry.
  • A Debt/Equity ratio of 2.15 is on the high side and indicates that TRP-PR-F has dependencies on debt financing.
  • The Debt to Equity ratio of TRP-PR-F (2.15) is worse than 74.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.15
Debt/FCF 29.22
Altman-Z 0.35
ROIC/WACC0.79
WACC6.36%
TRP-PR-F.CA Yearly LT Debt VS Equity VS FCFTRP-PR-F.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-F may have some problems paying its short term obligations.
  • TRP-PR-F's Current ratio of 0.63 is in line compared to the rest of the industry. TRP-PR-F outperforms 47.62% of its industry peers.
  • TRP-PR-F has a Quick Ratio of 0.63. This is a bad value and indicates that TRP-PR-F is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.56, TRP-PR-F is in line with its industry, outperforming 47.62% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.56
TRP-PR-F.CA Yearly Current Assets VS Current LiabilitesTRP-PR-F.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-F.CA Growth Analysis

3.1 Past

  • The earnings per share for TRP-PR-F have decreased by -5.63% in the last year.
  • TRP-PR-F 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-F 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-F 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

  • The Earnings Per Share is expected to grow by 7.15% on average over the next years.
  • Based on estimates for the next years, TRP-PR-F will show a small growth in Revenue. The Revenue will grow by 4.68% on average per year.
EPS Next Y5.52%
EPS Next 2Y5.24%
EPS Next 3Y6.88%
EPS Next 5Y7.15%
Revenue Next Year6.33%
Revenue Next 2Y4.22%
Revenue Next 3Y4.58%
Revenue Next 5Y4.68%

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.
  • 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.
TRP-PR-F.CA Yearly Revenue VS EstimatesTRP-PR-F.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
TRP-PR-F.CA Yearly EPS VS EstimatesTRP-PR-F.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-F.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 5.78 indicates a rather cheap valuation of TRP-PR-F.
  • 93.81% of the companies in the same industry are more expensive than TRP-PR-F, based on the Price/Earnings ratio.
  • TRP-PR-F's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.23.
  • Based on the Price/Forward Earnings ratio of 5.48, the valuation of TRP-PR-F can be described as very cheap.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TRP-PR-F indicates a rather cheap valuation: TRP-PR-F is cheaper than 96.67% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of TRP-PR-F to the average of the S&P500 Index (23.28), we can say TRP-PR-F is valued rather cheaply.
Industry RankSector Rank
PE 5.78
Fwd PE 5.48
TRP-PR-F.CA Price Earnings VS Forward Price EarningsTRP-PR-F.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TRP-PR-F indicates a somewhat cheap valuation: TRP-PR-F is cheaper than 74.76% of the companies listed in the same industry.
  • TRP-PR-F's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TRP-PR-F is cheaper than 87.14% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.28
EV/EBITDA 8.04
TRP-PR-F.CA Per share dataTRP-PR-F.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • TRP-PR-F's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • TRP-PR-F has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.05
PEG (5Y)N/A
EPS Next 2Y5.24%
EPS Next 3Y6.88%

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

5

5. TRP-PR-F.CA Dividend Analysis

5.1 Amount

  • TRP-PR-F has a Yearly Dividend Yield of 3.98%.
  • Compared to an average industry Dividend Yield of 4.52, TRP-PR-F pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, TRP-PR-F pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.98%

5.2 History

  • The dividend of TRP-PR-F has a limited annual growth rate of 0.77%.
  • TRP-PR-F has paid a dividend for at least 10 years, which is a reliable track record.
  • TRP-PR-F has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.77%
Div Incr Years3
Div Non Decr Years3
TRP-PR-F.CA Yearly Dividends per shareTRP-PR-F.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 106.50% of the earnings are spent on dividend by TRP-PR-F. This is not a sustainable payout ratio.
  • TRP-PR-F's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP106.5%
EPS Next 2Y5.24%
EPS Next 3Y6.88%
TRP-PR-F.CA Yearly Income VS Free CF VS DividendTRP-PR-F.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-F.CA Dividend Payout.TRP-PR-F.CA Dividend Payout, showing the Payout Ratio.TRP-PR-F.CA Dividend Payout.PayoutRetained Earnings

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TRP-PR-F.CA Fundamentals: All Metrics, Ratios and Statistics

TC ENERGY CORP - TRPCN 4.14 PERP

TSX:TRP-PR-F (3/20/2026, 7:00:00 PM)

20.35

+0.2 (+0.99%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-13
Earnings (Next)04-29
Inst Owners76.43%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap21.18B
Revenue(TTM)15.24B
Net Income(TTM)3.40B
Analysts72.8
Price Target20.25 (-0.49%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.98%
Yearly Dividend3.48
Dividend Growth(5Y)0.77%
DP106.5%
Div Incr Years3
Div Non Decr Years3
Ex-Date03-02
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)-6.53%
PT rev (3m)1.2%
EPS NQ rev (1m)0.16%
EPS NQ rev (3m)-2.56%
EPS NY rev (1m)-1.93%
EPS NY rev (3m)-1.58%
Revenue NQ rev (1m)1.59%
Revenue NQ rev (3m)1.99%
Revenue NY rev (1m)0.47%
Revenue NY rev (3m)-0.1%
Valuation
Industry RankSector Rank
PE 5.78
Fwd PE 5.48
P/S 1.39
P/FCF 10.28
P/OCF 2.88
P/B 0.78
P/tB 1.52
EV/EBITDA 8.04
EPS(TTM)3.52
EY17.3%
EPS(NY)3.71
Fwd EY18.25%
FCF(TTM)1.98
FCFY9.72%
OCF(TTM)7.06
OCFY34.68%
SpS14.64
BVpS26.22
TBVpS13.36
PEG (NY)1.05
PEG (5Y)N/A
Graham Number45.57
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)4.65%
ROICexc(5y)4.76%
ROICexgc(3y)5.29%
ROICexgc(5y)5.43%
ROCE(3y)5.6%
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 0.35
F-Score7
WACC6.36%
ROIC/WACC0.79
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 Y5.52%
EPS Next 2Y5.24%
EPS Next 3Y6.88%
EPS Next 5Y7.15%
Revenue 1Y (TTM)10.66%
Revenue growth 3Y0.58%
Revenue growth 5Y3.23%
Sales Q2Q%206.47%
Revenue Next Year6.33%
Revenue Next 2Y4.22%
Revenue Next 3Y4.58%
Revenue Next 5Y4.68%
EBIT growth 1Y16.87%
EBIT growth 3Y3.61%
EBIT growth 5Y3.1%
EBIT Next Year49.22%
EBIT Next 3Y17.43%
EBIT Next 5Y12.4%
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 4.14 PERP / TRP-PR-F.CA Fundamental Analysis FAQ

What is the fundamental rating for TRP-PR-F stock?

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


Can you provide the valuation status for TC ENERGY CORP - TRPCN 4.14 PERP?

ChartMill assigns a valuation rating of 8 / 10 to TC ENERGY CORP - TRPCN 4.14 PERP (TRP-PR-F.CA). This can be considered as Undervalued.


How profitable is TC ENERGY CORP - TRPCN 4.14 PERP (TRP-PR-F.CA) stock?

TC ENERGY CORP - TRPCN 4.14 PERP (TRP-PR-F.CA) has a profitability rating of 7 / 10.


What is the expected EPS growth for TC ENERGY CORP - TRPCN 4.14 PERP (TRP-PR-F.CA) stock?

The Earnings per Share (EPS) of TC ENERGY CORP - TRPCN 4.14 PERP (TRP-PR-F.CA) is expected to grow by 5.52% in the next year.


How sustainable is the dividend of TC ENERGY CORP - TRPCN 4.14 PERP (TRP-PR-F.CA) stock?

The dividend rating of TC ENERGY CORP - TRPCN 4.14 PERP (TRP-PR-F.CA) is 6 / 10 and the dividend payout ratio is 106.5%.